Racing Drones Market: Industry Size, Growth, Analysis and Forecast To 2027

Posted by Katheine Silway on April 21st, 2021

Racing Drones Market: Introduction

Transparency Market Research delivers key insights on the global racing drones market. In terms of revenue, the racing drones market is estimated to expand at a CAGR of ~19% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the racing drones market.

A racing drone is a small quadcopter unmanned aerial vehicle i.e. UAV, which is designed for FPV i.e. (first person view) racing events. Racing drones come in different types, primarily the following: ready-to-fly (RTF), bind-and-fly (BNF), do-it-yourself (DIY), plug-and-play (PNP), and plug–and-fly (PNF) drones. RTF racing drones are primarily for beginners who want to learn the method to handle racing drones and participate in events. On the other hand, DIY racing drones are designed for experts who want to build their own customized racing drones. A racing drone has multiple components, such as an FPV camera, remote controller, flight controller, video transmitter and receiver, drone frame, battery, propellers, and FPV goggles. A DIY racing drone can be built from these components.

Major Key Players of the Racing Drones Market are:

• YINYAN Model Tech MFT.
• Tian Yu Hi-tech Co. Ltd
• Eachine
• Hubsan

Racing Drones Market: Dynamics

Popularity of drone racing as a competitive sport is growing all over the world. The sport is being rapidly commercialized by racing organizations, including International Drone Racing Association, Inc. and the U.S. Drone Racing Association.

Ready-to-fly racing drones do not require any additional assembly and they can directly enter any racing event. Multiple types of ready-to-fly racing drones are available in the marketplace, including Walkera Furious 215, ARRIS X-Speed 250B, and Walkera Runner 250 Pro. Use of ready-to-fly racing drones is growing, owing to zero setup cost and no requirement for assembly. Moreover, ready-to-fly racing drones are highly useful for beginners. They can learn to fly racing drones with ease and without any requirement for building their own racing drones. Moreover, ready-to-fly racing drones are inexpensive compared to other types of drones. Increasing use of ready-to-fly racing drones is projected to have a medium impact on the racing drones market from 2019 to 2027, owing to their numerous advantages.

Global Racing Drones Market: Segmentation

Racing Drones Market, by Type

• Ready-to-fly (RTF)
• Bind-and-fly (BNF)
• Plug-and-play (PNP)/Plug-and-fly (PNF)

Racing Drones Market, by Component

• FPV Goggles
• FPV Remote Controllers
• Cameras
• Batteries
• Motors
• ECSs
• Flight Controllers
• Others

Racing Drones Market, by Size

• ≤ 100 mm
• 100–200 mm
• 200–300 mm
• ≥ 300 mm