Racing Drones Market, By Drone Type (RTF, BNF, and ATF), By Application (Rotor Cross, Drag Racing, and Time Trial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

PUBLISHED: July 12, 2024

PAGES: 146 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

Description

The global racing drones market is estimated to be valued at US$ 184.2 Mn in 2024 and is expected to reach US$ 602.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 18.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 184.2 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	18.40%	2031 Value Projection:	US$ 602.3 Mn

Figure. Racing Drones Market Share (%), By Region 2024

Racing drones, also known as racing quadcopters, are unmanned aerial vehicles designed specifically for competitive first-person view (FPV) racing. They are characterized by their lightweight yet durable carbon fiber frames, powerful brushless motors, and ability to achieve high speeds up to 150 km/h. Growing popularity of drone racing as an extreme sport and availability of advanced racing drones with FPV capabilities at affordable prices are some of the key factors propelling the market growth. Furthermore, drone manufacturers are focusing on developing racing drones with features like HD cameras, adjustable camera tilts, intelligent battery systems, and app-based controls and configurations, which is also augmenting their adoption rates.

Market Dynamic:

The major growth drivers for the global racing drones market include rapid growth of drone racing as an extreme adventure sport, technological advancements in drone hardware, and declining average selling prices of drones. According to FAA, over 100,000 drones have been registered in the U.S. for racing alone. Continuous innovations and inclusion of advanced features like stronger flight controllers, HD cameras, and app-based controls in racing drones by manufacturers are also fueling their sales. However, strict regulatory policies mandating the registration of drones and safety compliances in different countries can hamper the market growth. On the other hand, rising popularity of drone racing competitions and events organized by the International Drone Racing Association (IDRA) and Drone Racing League (DRL) is generating new opportunities for both manufacturers and sports enthusiasts.

Key Features of the Study:

This report provides in-depth analysis of the global racing drones market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global racing drones market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Airjugar Technology Co. Ltd, Armattan Quads, Autel Robotics, BetaFPV, Caddx, DJI, Diatone, EMAX, eachine, Fat Shark, GEPRC, Guangzhou Walkera Technology CO. LTD, Holybro, Hubsan, and iFlight

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global racing drones market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global racing drones market

Detailed Segmentation:

By Drone Type
- RTF
- BNF
- ATF
By Application
- Rotor Cross
- Drag Racing
- Time Trial
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Airjugar Technology Co. Ltd
- Armattan Quads
- Autel Robotics
- BetaFPV
- Caddx
- DJI
- Diatone
- EMAX
- eachine
- Fat Shark
- GEPRC
- Guangzhou Walkera Technology CO. LTD
- Holybro
- Hubsan
- iFlight

Product Code: CMI2198

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Drone Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Racing Drones Market, By Drone Type, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
RTF
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
BNF
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
ATF
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

5. Global Racing Drones Market, By Application, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Rotor Cross
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Drag Racing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Time Trial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

6. Global Racing Drones Market, By Region, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Drone Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- U.S.
- Canada
Europe
- Regional Trends
- Market Size and Forecast, By Drone Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- U.K.
- Germany
- France
- Russia
- Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Drone Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Drone Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Drone Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- South Africa
- GCC Countries
- Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- Airjugar Technology Co. Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Armattan Quads
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Autel Robotics
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- BetaFPV
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Caddx
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- DJI
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Diatone
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- EMAX
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Eachine
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Fat Shark
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- GEPRC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Guangzhou Walkera Technology CO. LTD
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Holybro
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hubsan
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- iFlight
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates