Racing Drone Market

Racing Drone Market Market Set to Exceed USD 2,060.7 million by 2026| CAGR: 22.1%

Forecast to 2020

Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

“Racing Drone Market Share, Size, Trends, Industry Analysis Report By Drone Type (RTF, ARF); By Application (Rotorcross, Drag Racing, Time Trial); By Component (Airframe, Motors, Camera/Sensors, Propellers, Others); By Regions, Segment Forecast, 2020 - 2026” The global racing drones market size is expected to reach USD 2,060.7 million by 2026 according to a new study by Polaris Market Research. The report “Racing Drones Market Share, Size, Trends, Industry Analysis Report By Drone Type (RTF, ARF), By Application (Rotorcross, Drag Racing, Time Trial), By Component Type (Airframe, Motors, Camera/Sensors, Propellers, Others), By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Racing drones also called FPV (First Person View) refers to high speed small sized drone with specific configurations required to participate into racing sport events worldwide. Drone racing is a sport event which was initiated in Australia (2013) wherein many drone pilots met together to participate in a championship. The participating machine must have to fulfill the specific requirements of organizing leagues wherein factors such as weight, speed, motors, and propellers plays very important role.

Racing drones are basically high-speed machines along with FPV camera and controller which is operated by a high skilled pilot in such sports championships.

Increasing production propelled by adoption across the world, introduction of high-speed drones, rising expenditure in R&D, increasing racing sports tournaments across different countries in the world, and increasing adoption of such racing trends by different countries are some of the major factors aiding in the growth of this market. In addition, factors such as requirement of highly skilled pilots to operate these machines in the racing tournaments and complexity in assembly of parts for beginners are some of the major restraining factors impacting negatively.

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https://www.polarismarketresearch.com/industry-analysis/racing-drone-market Among drone type, the market was segmented into RTF (Ready-to-Fly) and ARF (Almost-Ready-toFly). RTF are the drones which comes with complete assembled parts and a controller along with it to which the operator can easily operate it directly without any difficulties to assemble the parts. ARF comes up with disassembled parts to which the operator has to combine all the parts based on its requirements to make it operable in the field. Most of the FPV pilots have their preference towards ARF drones so that they can customize it to gain more speed by replacing high speed motors, propellers, and other components based on a event eligibility criterion. ARF segment was estimated to be largest sub-segment in 2019 and also it is expected to maintain its dominance during the forecast -2-

Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

period as well. This is owing to cost of ARF against RTF which is more expensive as it has customizable options which provide the flexibility to the pilots.

Among application, the market is segmented into rotorcross, drag race, and time trial. Rotorcross is a racing event where many drones compete across an arena full of obstacles & number of laps wherein the first drone to cross the finish line wins the championship. Drag race is a racing event in which a number of pilots race together wherein the drone which achieve highest speed wins the race.

Similarly, time trial is a event wherein the participants have to complete the laps in a minimum amount of time. In 2019, rotorcross segment dominated the market and expected to be largest during the forecast period as well. This is owing to increasing number of rotorcross events across different regions of the world. For instance, MultiGP is one of the biggest racing events across the world and till 2019 it has organized more than 12,500 racing events since 2015. Similarly, DCL (Drone Champions League) is another major event which occurs every year across different regions in the world. These events are expected to increase the demand for FPV across the world.

Among component type, the market is segmented into airframe, motors, camera/sensors, propellers, and others which comprises of components such as batteries, transmitter, controllers, connectors, etc. Airframe was accounted for one of the largest market shares in 2019. This is due to its high cost being propelled by lightweight composite material used to design it in order to attain lesser overall weight and achieve higher speed in the racing events.

Among region, North America was estimated to be the largest region in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is one of the major regions and accounted for more than 70% of share in North America. Moreover, increasing awareness for drone racing sports across the region among the audience and growing adoption across different end-use sectors are some of the major factors aiding the growth of the market in the region. Furthermore, Asia Pacific was expected to be the fastest growing region during the forecast period of 2020-2026 propelled by the countries such as China, Japan, and South Korea.

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Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

The global market is moderately consolidated and the top five players of this market accounted for more than a share of 45% in 2019, according to Polaris Market Research. These companies are continuously investing in R&D activities in order to fulfil the continuous demands for better technologically advanced products. Some of the major companies in this market include Airjugar Technology Co. Ltd., Autel Robotics, DJI, eachine, Guangzhou Walkera Technology CO. LTD, Hubsan, ImmersionRC Limited, mjxrc.net, Parrot Drones SAS, RotorX, Spin Master (Air Hogs), Skyrocket LLC (Sky Viper), UVify Inc., and YUNEEC are some of the major players in this market.

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Table of Contents 1. Chapter 1. Introduction 1.1. Report Description 1.1.1. Objectives of the Study 1.1.2. Market Scope 1.1.3. Assumptions 1.2. Stakeholders 2. Chapter 2. Executive Summary 2.1. Market Highlights 3. Chapter 3. Research Methodology 3.1. Overview 3.1.1. Data Mining 3.2. Data Sources 3.2.1. Primary Sources -4-

Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

4.

5.

6.

7.

3.2.2. Secondary Sources Chapter 4. Racing Drones Market Insights 4.1. Racing Drones – Industry snapshot 4.2. Racing Drones Market Dynamics 4.2.1. Drivers and Opportunities 4.2.2. Restraints and Challenges 4.3. Porter’s Five Forces Analysis 4.3.1. Bargaining Power of Suppliers (High) 4.3.2. Threats of New Entrants: (Moderate) 4.3.3. Bargaining Power of Buyers (Low) 4.3.4. Threats of Substitute (Low) 4.3.5. Rivalry among existing firms (Moderate) 4.4. PESTLE Analysis 4.5. Value Chain Analysis Chapter 5. Racing Drones Market Assessment by Drone Type 5.1. Global Racing Drones Market Share, By Drone Type, 2019 & 2026 5.2. RTF 5.2.1. Global RTF Racing Drones Market Estimates & Forecast, 2016 - 2026 (USD Million) 5.2.2. Global RTF Racing Drones Market Estimates & Forecast, by Region, 2016 - 2026 (USD Million) 5.3. ARF 5.3.1. Global ARF Racing Drones Market Estimates & Forecast, 2016 - 2026 (USD Million) 5.3.2. Global ARF Racing Drones Market Estimates & Forecast, by Region, 2016 - 2026 (USD Million) Chapter 6. Global Racing Drones Market, by Application 6.1. Global Racing Drones Market Share, By Application, 2019 & 2026 6.2. Rotorcross 6.2.1. Global Racing Drones Market for Rotorcross Estimates & Forecast 2016 - 2026 (USD Million) 6.2.2. Global Racing Drones Market for Rotorcross Estimates & Forecast, by Region, 2016 - 2026 (USD Million) 6.3. Drag Racing 6.3.1. Global Racing Drones Market for Drag Racing Estimates & Forecast, 2016 - 2026 (USD Million) 6.3.2. Global Racing Drones Market for Drag Racing Estimates & Forecast, by Region, 2016 - 2026 (USD Million) 6.4. Time Trial 6.4.1. Global Racing Drones Market for Time Trial Estimates & Forecast, 2016 - 2026 (USD Million) 6.4.2. Global Racing Drones Market for Time Trial Estimates & Forecast, by Region, 2016 2026 (USD Million) Chapter 7. Racing Drones Market Assessment by Component 7.1. Global Racing Drones Market Share, By Component, 2019 & 2026 7.2. Airframe 7.2.1. Global Racing Drones' Airframe Market Estimates & Forecast, 2016 - 2026 (USD Million) 7.2.2. Global Racing Drones' Airframe Market Estimates & Forecast, by Region, 2016 2026 (USD Million) 7.3. Motors 7.3.1. Global Racing Drones' Motors Market Estimates & Forecast, 2016 - 2026 (USD Million) 7.3.2. Global Racing Drones' Motors Market Estimates & Forecast, by Region, 2016 - 2026 (USD Million) 7.4. Camera/Sensors -5-

Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

7.4.1. Global Racing Drones' Camera/Sensors Market Estimates & Forecast, 2016 - 2026 (USD Million) 7.4.2. Global Racing Drones' Camera/Sensors Market Estimates & Forecast, by Region, 2016 - 2026 (USD Million) 7.5. Propellers 7.5.1. Global Racing Drones' Propellers Market Estimates & Forecast, 2016 - 2026 (USD Million) 7.5.2. Global Racing Drones' Propellers Market Estimates & Forecast, by Region, 2016 2026 (USD Million) 7.6. Others 7.6.1. Global Racing Drones' Other Components Market Estimates & Forecast, 2016 - 2026 (USD Million) 7.6.2. Global Racing Drones' Other Components Market Estimates & Forecast, by Region, 2016 - 2026 (USD Million) 8. Chapter 8. Racing Drones Market Assessment by Geography 8.1. Introduction 8.1.1. Global Racing Drones Market Share, By Geography, 2019 & 2026 8.1.2. Global Racing Drones Market Estimates and Forecast, By Geography, 2016 – 2026 (USD Million) 8.2. North America - Racing Drones Market 8.2.1. North America: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.2.2. North America: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.2.3. North America: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.2.4. U.S. - Racing Drones Market 8.2.4.1.

U.S.: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.2.4.2.

U.S.: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.2.4.3.

U.S.: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.2.5. Canada - Racing Drones Market 8.2.5.1.

Canada: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.2.5.2.

Canada: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.2.5.3.

Canada: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.3. Europe - Racing Drones Market 8.3.1. Europe: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.3.2. Europe: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.3.3. Europe: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.3.4. Germany - Racing Drones Market 8.3.4.1.

Germany: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.3.4.2.

Germany: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.3.4.3.

Germany: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.3.5. France - Racing Drones Market 8.3.5.1.

France: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.3.5.2.

France: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.3.5.3.

France: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.3.6. UK - Racing Drones Market 8.3.6.1.

UK: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.3.6.2.

UK: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.3.6.3.

UK: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.3.7. Russia - Racing Drones Market 8.3.7.1.

Russia: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.3.7.2.

Russia: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.3.7.3.

Russia: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.4. Asia Pacific - Racing Drones Market 8.4.1. Asia Pacific: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.4.2. Asia Pacific: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.4.3. Asia Pacific: Racing Drones Market, By Component, 2016 - 2026 (USD Million) -6-

Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

8.4.4. China - Racing Drones Market 8.4.4.1.

China: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.4.4.2.

China: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.4.4.3.

China: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.4.5. Japan - Racing Drones Market 8.4.5.1.

Japan: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.4.5.2.

Japan: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.4.5.3.

Japan: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.4.6. South Korea - Racing Drones Market 8.4.6.1.

South Korea: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.4.6.2.

South Korea: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.4.6.3.

South Korea: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.5. Latin America - Racing Drones Market 8.5.1. Latin America: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.5.2. Latin America: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.5.3. Latin America: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.5.4. Brazil - Racing Drones Market 8.5.4.1.

Brazil: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.5.4.2.

Brazil: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.5.4.3.

Brazil: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.5.5. Mexico - Racing Drones Market 8.5.5.1.

Mexico: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.5.5.2.

Mexico: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.5.5.3.

Mexico: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.6. Middle East & Africa - Racing Drones Market 8.6.1. Middle East & Africa: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.6.2. Middle East & Africa: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.6.3. Middle East & Africa: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.6.4. UAE - Racing Drones Market 8.6.4.1.

UAE: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.6.4.2.

UAE: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.6.4.3.

UAE: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.6.5. Saudi Arabia - Racing Drones Market 8.6.5.1.

Saudi Arabia: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.6.5.2.

Saudi Arabia: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.6.5.3.

Saudi Arabia: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 8.6.6. South Africa - Racing Drones Market 8.6.6.1.

South Africa: Racing Drones Market, By Drone Type, 2016 - 2026 (USD Million) 8.6.6.2.

South Africa: Racing Drones Market, By Application, 2016 - 2026 (USD Million) 8.6.6.3.

South Africa: Racing Drones Market, By Component, 2016 - 2026 (USD Million) 9. Chapter 9. Competitive Landscape 9.1. Expansion and Product Launch Are the Best Adopted Strategy by the Companies 9.2. Expansion -7-

Racing Drone Market Size is Estimated to reach USD 2,060.7 million by 2026

9.3. Product Launch 9.4. Partnerships/Collaborations/Agreements/Exhibitions

Access Press Release on Racing Drone Market: https://www.polarismarketresearch.com/press-releases/racing-drone-market About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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