Global Racing Drones Market, By Type (Ready-to-fly (RTF), Bind-and-fly (BNF), Plug-and-play (PNP)/Plug-and-fly (PNF)), By Industry Vertical (Commercial, Aerospace and Defense, Consumer Electronics, Healthcare, Others), and opportunities and forecast 2020-2027
Racing Drones Market Overview
Drones offer a wide range of uses in the current scenario, including aerial photography, disaster management, precision agriculture, geographic mapping, and weather forecasting. Due to the introduction of FPV drone racing events around the world, racing drones is a new and expanding market. Recent price reductions in first-person view (FPV) systems have resulted in a huge increase in the number of drone hobbyists around the world.
The rapid growth in the number of casual drone users, along with major developments in drone technology, has resulted in a significant increase in demand for racing drones in recent years, a trend that is likely to continue over the forecast period. In addition, the launch of several drone racing leagues throughout the world is expected to provide the racing drones market with a considerable boost in the near future. Consequently, despite being at a relatively nascent stage, the racing drones market is expected to grow at a fast pace over the forecast period.
Covid-19 Impact on Racing Drones Market
|Market size available for years
|Base year considered
||Value (USD Million)
||Type, Industry Vertical, and Region.
||North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
||EYINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, Hubsan.
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period. Racing Drones Market Segment Overview
According to Type, Ready-to-fly (RTF) is one of the largest segments in the global Racing Drones Market. Racing drones are available in a variety of configurations, including ready-to-fly (non-assembly) drones, bind-and-fly (drones without controllers), and do-it-yourself (DIY) drones. This also enables the user to collect all drone parts and build a custom racing drone. Due to the demand for various types of components such as a battery, camera, drone frame, motor, and other accessories, creating a customized racing drone by handpicking and integrating all components involves a lot of complications and time. On the other hand, ready-to-fly racing drones may be utilized right away, by saving time on assembly.
Racing Drones Market, By Type
· Ready-to-fly (RTF)
· Bind-and-fly (BNF)
· Plug-and-play (PNP)/Plug-and-fly (PNF)
Racing Drones Market, By Industry Vertical
· Aerospace and Defense
· Consumer Electronics
· OthersRacing Drones Market Regional Overview
In terms of geography, the global Racing Drones Market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and Europe are the most prominent regions for the Racing Drones Market. Drone racing is well established in regions such as North America and Europe. However, in the Asia Pacific region, it is still a new concept that is rapidly being implemented.
Racing Drones Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA) Racing Drones Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Inhalable Drug Delivery Devices (IDDD) are highlighted below.
· In July 2019, DJI launched the FPV digital system for use in racing drones. The system contains a camera, goggles, air unit modules, and a remote control.Racing Drones Market, Key Players
· YINYAN Model Tech MFT
· Tian Yu Hi-tech Co. Ltd
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Racing Drones market?
A. The launch of several drone racing leagues throughout the world is expected to provide the racing drones market with a considerable boost in the near future
Q2. Which Segments are covered in the global Racing Drones market report?
A. Type, Industry Vertical, and Region. these segments are covered in the global Racing Drones market report.
Q3. Which segment is projected to hold the largest share in the global Racing Drones market?
A. Ready-to-fly (RTF) segment is projected to hold the largest share in the global Racing Drones market.
Q4. Which region holds the largest share in the global Racing Drones market?
A. North America holds the largest share in the global Racing Drones market.
Q5. Which are the prominent players in the global Racing Drones market?
A. YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, Hubsan. are some key players in the global Racing Drones market.