Racing Drones Market Size, Share, Application and Segment Forecasts To 2026
Posted by rohit on March 19th, 2020
First Person View (FPV) racing which is also called drone racing, consists of custom-built quadcopters with front faced camera mounted or inbuilt into them with high-speed electric motor for racing purposes. Furthermore, the pilot controls the drone with a remote control while portraying the vision of camera mounted on the drone with the help of head-mounted display or goggles and controls the motion, speed, and direction of the racing drone with the controller.
Global racing drones market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing application of drones in various sporting events, for example in cricket tournaments, the drones are used for capturing pictures or videos from the top for clear view. . Furthermore, as per Coherent Market Insights, growth of the market of racing drones is also propelled by the drone industry growth, which was pegged at 2.2 million units in 2016 and is also expected to witness high growth during the forecast period from 2018-2026 as well.
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The global racing drones market growth is attributed to rising adoption of drones in the sporting & gaming applications and increasing demand of high-speed drones for FPV racing in extreme sports, which are gaining popularity across various countries, globally. For instance, in 2015, the Australian Broadcasting Company (ABC) produced a feature called Game of Drones. In addition to this, some of the other racing leagues such as Aerial Action Sports League, Aerial Grand Prix, Flight Club, MultiGP, Open Pilot, RacingFPV, NorCalFPV, SoCalRotorRacing, and TeamRaceKraft, requires high-speed lightweight drones with high power and good electric motors for the tournaments. Moreover, increasing applications of high-speed drones in different end-use industries such as aerospace and defense, construction, and rescue/inspection & security are further driving demand for drones with high power electric motors and battery for longer aerial flight time.
Global Racing Drones Market, By Drone Type:
Global Racing Drones Market, By Application:
Global Racing Drones Market, By Geography:
By Drone Type:
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Some of the key players operating in the global racing drones market include DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chengji, Flytec, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, ad RotorX Racing.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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About the Authorrohit
Joined: February 6th, 2020
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