The racing drones market has been gaining significant traction over the recent years. Racing drones are lightweight, compact drones that are designed to fly at high speeds in outdoor spaces. Their frame is constructed using lightweight yet durable components in order to maneuver rapidly through obstacles and terrains during races. Racing drones offer thrilling racing experience to pilots with features like high-powered motors, efficient control, first-person-view (FPV) racing cameras, and upgraded operating systems. The growing popularity of drone racing as a competitive sport worldwide has been augmenting the demand for racing drones among professional and amateur pilots. Racing drones are now being used in organized drone racing leagues and competitions with cash prizes, driving their adoption.

The Global racing drones market is estimated to be valued at US$ 1.04 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the racing drones market are Zoetis Inc., Elanco, AB Science, Boehringer Ingelheim International GmbH, Zenoaq, VetDC, Morphogenesis, Inc., Karyopharm Therapeutics, Inc., Regeneus Ltd., AdvaVet, Inc., and Rhizen Pharmaceutical SA. Racing drones from these manufacturers are technologically advanced and come with features optimized for high-speed racing. Zoetis Inc. and Elanco dominate the market with their wide product portfolio and global distribution network.

The growing demand for thrilling aerial sports is propelling the Racing Drones Market Demand . Drone racing is becoming increasingly popular among spectators and participants alike due to the excitement it provides. Promoting drone racing as an organized professional sporting event through leagues and sponsorships is also driving its growth. Amateur drone pilots are particularly favoring racing drones to test their flying skills against others on dedicated racing courses.

Globally, the Asia Pacific region accounts for the largest share in the racing drones market due to the popularity of drone racing in countries like China and Japan. Drone racing leagues are attracting huge fan following and participation in these countries. Meanwhile, North America follows with significant contribution from the U.S., attributed to increasing recreational spending on aerial hobbies and adventurous sporting activities. European countries are also witnessing rising interest in racing drones among their youth.

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