Racing Drones Market is Estimated to Witness High Growth Owing to Rising Popularity of Drone Racing
The racing drones market has witnessed significant growth in recent years. Racing drones or racing quadcopters are lightweight and compact unmanned aerial vehicles (UAVs) designed and optimized for high-speed racing. They are equipped with powerful brushless motors and lithium-polymer batteries for quick acceleration. Racing drones have FPV camera systems for pilots to have immersive first-person views during flying. These drones are increasingly being used for recreational activities like drone racing where pilots compete to complete an obstacle course in minimum time.
The Global racing drones market is estimated to be valued at US$ 11 Billion in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024-2030.
Key Takeaways
Key players operating in the Racing Drones are DJI, Parrot, Yuneec, Walkera, Eachine, Aerix.
The rising popularity of drone racing as a competitive sport globally has opened new opportunities in the market. International Drone Racing Association hosts various drone racing leagues and tournaments.
North America dominated the racing drones market in 2021 led by the US. However, Asia Pacific is expected to witness fastest growth due to emerging economies like China and India increasingly adopting racing drones for recreational activities.
Market drivers
Rising popularity of Racing Drones Market Demand as a new extreme sport among millennials and generation Z is a key driver. Drone racing provides an exciting experience of controlling drones in FPV through virtual reality headset. E-sports tournaments and leagues for drone racing broadcast on live streaming platforms are attracting new audiences and participants. Drone manufacturers are launching customized racing drones with improved features to capture this new emerging market.
The racing drones market has witnessed significant growth in recent years. Racing drones or racing quadcopters are lightweight and compact unmanned aerial vehicles (UAVs) designed and optimized for high-speed racing. They are equipped with powerful brushless motors and lithium-polymer batteries for quick acceleration. Racing drones have FPV camera systems for pilots to have immersive first-person views during flying. These drones are increasingly being used for recreational activities like drone racing where pilots compete to complete an obstacle course in minimum time.
The Global racing drones market is estimated to be valued at US$ 11 Billion in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024-2030.
Key Takeaways
Key players operating in the Racing Drones are DJI, Parrot, Yuneec, Walkera, Eachine, Aerix.
The rising popularity of drone racing as a competitive sport globally has opened new opportunities in the market. International Drone Racing Association hosts various drone racing leagues and tournaments.
North America dominated the racing drones market in 2021 led by the US. However, Asia Pacific is expected to witness fastest growth due to emerging economies like China and India increasingly adopting racing drones for recreational activities.
Market drivers
Rising popularity of Racing Drones Market Demand as a new extreme sport among millennials and generation Z is a key driver. Drone racing provides an exciting experience of controlling drones in FPV through virtual reality headset. E-sports tournaments and leagues for drone racing broadcast on live streaming platforms are attracting new audiences and participants. Drone manufacturers are launching customized racing drones with improved features to capture this new emerging market.
1 month ago
