Racing Drone Market Share, Size, Trends, Industry Analysis Report, By Drone Type (RTF, BNF, ATF); By Component Type; By Application (Rotor Cross, Drag Racing, Time Trial); By Region; Segment Forecast, 2023 - 2032

Racing Drone Market Share, Size, Trends, Industry Analysis Report, By Drone Type (RTF, BNF, ATF); By Component Type; By Application (Rotor Cross, Drag Racing, Time Trial); By Region; Segment Forecast, 2023 - 2032

The global racing drone market size is expected treach USD 5,292.79 million by 2032, according ta new study by Polaris Market Research. The report “Racing Drone Market Share, Size, Trends, Industry Analysis Report, By Drone Type (RTF, BNF, ATF); By Component Type; By Application (Rotor Cross, Drag Racing, Time Trial); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The increasing utilization of racing drones across several sectors, such as sports, industrial inspection, and construction, has increased the demand for these drones globally. The availability of a reliable supply chain for racing drones in various industries has further propelled this demand. Moreover, the affordability of ready-to-fly (RTF) drones is expected tfacilitate their adoption in various emerging industries. Additionally, racing drones are increasingly used tsurvey landscapes and evaluate agricultural terrains in several scenarios.

The growing need tminimize human involvement in driving during racing events, thereby reducing operating time and costs, has emerged as a key driver for the drone industry, including the racing drones. This factor eliminates the need for designing and implementing safety structures. With the pilot operating the drone via a controller, the risk of accidents and human casualties is significantly reduced, further fueling the growth of the racing drone.

In addition trecreational, racing drones are used for commercial purposes such as aerial photography and videography, inspection and monitoring, and search and rescue operations.

Incorporating artificial intelligence (AI) intdrones has enabled drone suppliers tgather and use visual and environmental data through sensors attached tdrones. Computer vision is a vital component of AI-powered drones, allowing them tdetect objects in the air and collect and analyze data from the ground. In conjunction with sensor analysis, data processing, and drone networking capabilities, AI can enable drones tcollaborate with other technologies, such as 3D printers and robots.

For instance, In July 2022, Microsoft's launch of a simulator for AI training in drones can facilitate software development and training and provide insights intthe impact of factors such as wind and rain on drone flight and battery life. The benefits of drones propelling the market.

Racing Drone Market Report Highlights

RTF segment accounted for the largest revenue share in the market and expected tcontinue its dominance over the forecast period. Because RTF type of drones are popular in beginners and alsthese drones are equipped with high performance motors and controllers.

Airframe segment is accounted for the dominated segment in the market, it’s the frame that holds the all the components together and its responsible for the drone’s performance, stability and maneuverability.

Rotor cross segment dominated the market and expected tcontinue its dominance during the forecast period, raising the events in rotor cross racings and alscompetitors are developing the new products and improving their products.

North America dominated the market in 2022 and likely tcontinue the dominance in the market, due tNorth America is home for new startups in the drone’s industry alsin United State alshosting some racing events and its attraction for media and entertainment industry.

The global key market players include Airjugar Technology Co. Ltd., Autel Robotics, DJI, eachine, Guangzhou Walkera Technology CO. LTD, Hubsan, ImmersionRC Limited, mjxrc.net, Parrot Drones SAS, RotorX, Spin Master (Air Hogs), Skyrocket LLC (Sky Viper), UVify Inc., 3D Robotics, SkyTech, Lumenier, GoPro, Storm, GemCopter, TBS and YUNEEC.

Polaris Market Research has segmented the Racing Drone market report based on drone type, component type, application, and region:

Racing Drone, Drone Type Outlook (Revenue - USD Million, 2019 - 2032)

RTF

BNF

ATF

Racing Drone, Component Type Outlook (Revenue - USD Million, 2019 - 2032)

Airframe

Motors

Camera/Sensors

Propellers

Battery

Flight Controller

Others

Racing Drone, Application Outlook (Revenue - USD Million, 2019 - 2032)

Rotor Cross

Drag Racing

Time Trial

Racing Drone, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa