Racing Drones Market Report, by Drone Type (RTF/RTR and ARF), by Application (Rotorcross, Drag Racing, and Time Trial), by Region (North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

  • Published On : Oct 2018 |
  • Pages : 190 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Racing Drones Market - Insights

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.

Figure 1. Global Racing Drones Market Share (%), by Region (2017 & 2026)

Source: Coherent Market Insights, 2016-17

Introduction of numerous drone racing leagues and tournaments globally is expected to aid in growth of the market

Various sport events are being conducted across the globe, where the use of drones is increasing. This is expected to aid in growth of the market. For instance, in 2014, the drone racing started through Australia which was organized by Quadcopter Aerial Racing Organization and Promotion (QAROP) and became a trend across the world. Since then, racing drones have started gaining traction in sports application. There are different types of leagues and tournaments such as Pilots, Trick Wiki, and MultiGP introduced as of now which require racing drones with different types of configurations, components, and features such as high speed, high battery voltage, camera with wide angle & high quality video throughput, better control, and more focused towards moving forward instead of hovering. Each league has different rules for the type of equipment (standard spec or open spec) such as overall environment of the race and rules for overtaking & combat. This factor is expected to increase sales of different configuration of drones with various specifications required for any particular type of racing.

As per Coherent Market Insights, in 2015, the drone industry witnessed a steep growth due to the rule by Federal Aviation Administration (FAA), which granted new exemptions for companies to operate drones in the U.S. This is another factor expected to aid in growth of the market.

Figure 2. Global Racing Drones Market Share (%), By Drone Type (2017 & 2026)

Source: Coherent Market Insights, 2016-17

Introduction of high-speed lightweight drones is expected to aid in growth of the market

There are numerous types of drones which are used for various applications such as surveillance, reconnaissance, security, and search & rescue operations in different end-use industries such as aerospace & defense, construction, oil and gas, and commercial operational applications as well. The drones which are used for racing are different from the drones used in the above mentioned applications. These are required to have high precision controlling with high-speed and better stability. The new generation drones with high powered motor and high power supply with lightweight components are used for racing. The introduction of these types of drones in the Unmanned Aerial Vehicle (UAV) or drone industry is expected to drive the market growth during the forecast period.

Increasing demand for reducing human intervention in driving along with time & costs in the racing tournaments are driving the market growth

Demand for reducing human intervention in driving in racing tournaments, which could reduce time required for driving and costs has become a major factor to drive growth of the drones industry and for racing drones as well. There is no need to design and operate any safety structure with this factor. The pilot with the controller in his hand gives all the commands to drones and operates it with the controller, which reduces the chances of accidents and loss of human lives which acts as major a driver for drones/UAV industry and for racing drones as well.

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.

Racing drones have witnessed significant adoption in the sports and gaming applications during the forecast period, owing to introduction of high-speed lightweight drones, and rising demand for reducing human intervention for driving. Furthermore, high power consumption by drones has led to a short fly time and this is a major factor restraining growth of the racing drones market.

Market Dynamics

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.

Key features of the study:

  • This report provides in-depth analysis of racing drones market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global racing drones market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, racing drones market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chengji, Global Drone, Flytec, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, and RotorX Racing.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global racing drones market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global racing drones market.

Detailed Segmentation:

  • Global Racing Drones Market, By Drone Type:
    • RTF/RTR
    • ARF
  • Global Racing Drones Market, By Application:
    • Rotorcross
    • Drag Racing
    • Time Trial
  • Global Racing Drones Market, By Geography:
    • North America
      • By Drone Type:
        • RTF/RTR
        • ARF
      • By Application:
        • Rotorcross
        • Drag Racing
        • Time Trial
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Drone Type:
        • RTF/RTR
        • ARF
      • By Application:
        • Rotorcross
        • Drag Racing
        • Time Trial
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Drone Type:
        • RTF/RTR
        • ARF
      • By Application:
        • Rotorcross
        • Drag Racing
        • Time Trial
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Drone Type:
        • RTF/RTR
        • ARF
      • By Application:
        • Rotorcross
        • Drag Racing
        • Time Trial
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Drone Type:
        • RTF/RTR
        • ARF
      • By Application:
        • Rotorcross
        • Drag Racing
        • Time Trial
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Drone Type:
        • RTF/RTR
        • ARF
      • By Application:
        • Rotorcross
        • Drag Racing
        • Time Trial
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • DJI
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Parrot
    • Yuneec
    • Walkera
    • Air Jugar
    • MJX
    • EXDRONES
    • Chengji
    • Flytec
    • Binshang Creative Technology Co. Ltd.
    • JYU
    • Sky Viper
    • Eachine
    • RotorX Racing

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Drone
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Racing Drones Market, By Drone Type, 2018-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • RTF/RTR (Ready-to-Fly/Ready-to-Run)
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • ARF (Almost Ready-to-Fly)
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
  5. Global Racing Drones Market, By Application, 2018-2026  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Rotorcross
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Drag Racing
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
    • Time Trial
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Million)
  6. Global Racing Drones Market, By Regions, 2018-2026 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Drone Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Application Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017–2026 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Drone Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Application Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • UK
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Drone Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Application Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Drone Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Application Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East
      • Regional Trends
      • Market Size and Forecast, By Drone Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Application Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • Israel
        • GCC Countries
        • Rest of the Middle East
    • Africa
      • Regional Trends
      • Market Size and Forecast, By Drone Type, 2018–2026 (US$ Million)
      • Market Size and Forecast, By Application Type, 2018–2026 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2026
        • Northern Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • DJI
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Parrot
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Yuneec Electric Aviation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Walkera
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Air Jugar
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • MJX
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • EXDRONES
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Chengji
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Global Drone
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Flytec 
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Binshang Creative Technology Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JYU
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sky Viper
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Eachine
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • RotorX Racing
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Racing Drones Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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