Racing Drone Trends and Forecast
The future of the global racing drone market looks promising with opportunities in the rotorcross, drag race, and time-trial markets. The global racing drone market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 20.2% from 2024 to 2030. The major drivers for this market are increasing popularity of drone racing as a competitive sport, technological advancements in drone components, and growing community engagement and sponsorship opportunities.
• Lucintel forecasts that ARF racing drone is expected to witness the higher growth over the forecast period.
• Within this market, rotorcross is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States – Companies like T-Motor and Rotor Riot are developing racing drones with advanced features for competitive drone racing. Government initiatives focus on promoting drone racing events and supporting local drone racing communities through grants and sponsorships.
China – Chinese firms such as DJI and Eachine are expanding their racing drone offerings, targeting both domestic and international racing markets. Government support for the drone industry includes funding for research and development in racing drone technology.
Australia – Australian companies like FPV Australia and XBlades Racing are investing in the development of racing drones and organizing drone racing events nationwide. Government initiatives aim to promote the growth of the drone industry, including drone racing, through regulatory support and funding opportunities.
Germany – German firms like TBS and BetaFPV are innovating in racing drone technology, focusing on lightweight design and high-speed performance. Government funding supports research and development in drone technology, including racing drones, to maintain GermanyÄX%$%Xs competitiveness in the global drone market.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Racing Drone by Segment
The study includes a forecast for the global racing drone by type, application, and region.
Racing Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• ARF Racing Drone
• RTF Racing Drone
Racing Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Rotorcross
• Drag Race
• Time-Trial
Racing Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Racing Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies racing drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the racing drone companies profiled in this report include-
• Hubsan
• Parrot
• 3D Robotics
• Skytech
• Yuneec
• Eachine
• Immersionrc
Recent Development in the Racing Drone Market
T-Motor: T-Motor introduced the F80 PRO III racing drone motor, featuring enhanced power and efficiency for competitive drone racing, targeting professional racing pilots and enthusiasts.
Rotor Riot: Rotor Riot launched the CL1 racing drone frame, designed for agility and durability in high-speed racing competitions, offering customizable configurations for amateur and professional racers.
DJI: DJI unveiled the FPV Combo racing drone kit, combining the DJI FPV drone with FPV goggles and a remote controller for an immersive racing experience, targeting FPV racing enthusiasts and beginners.
Eachine: Eachine announced the Novice-II racing drone RTF kit, featuring a ready-to-fly setup with customizable flight modes and durable construction, catering to beginners entering the racing drone hobby.
Features of the Global Racing Drone Market
Market Size Estimates: Racing drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Racing drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Racing drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the racing drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the racing drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the racing drone market size?
Answer: The global racing drone market is expected to reach an estimated $2.5 billion by 2030.
Q2. What is the growth forecast for racing drone market?
Answer: The global racing drone market is expected to grow with a CAGR of 20.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the racing drone market?
Answer: The major drivers for this market are increasing popularity of drone racing as a competitive sport, technological advancements in drone components and growing community engagement and sponsorship opportunities.
Q4. What are the major segments for racing drone market?
Answer: The future of the racing drone market looks promising with opportunities in the rotorcross, drag race, and time-trial markets.
Q5. Who are the key racing drone market companies?
Answer: Some of the key racing drone companies are as follows:
• Hubsan
• Parrot
• 3D Robotics
• Skytech
• Yuneec
• Eachine
• Immersionrc
Q6. Which racing drone market segment will be the largest in future?
Answer: Lucintel forecasts that ARF racing drone is expected to witness the higher growth over the forecast period.
Q7. In racing drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the racing drone market by type (ARF racing drone and RTF racing drone), application (rotorcross, drag race, and time-trial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Racing Drone Market, Racing Drone Market Size, Racing Drone Market Growth, Racing Drone Market Analysis, Racing Drone Market Report, Racing Drone Market Share, Racing Drone Market Trends, Racing Drone Market Forecast, Racing Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.