Racing drones can race through outdoor spaces at high speeds. They have lightweight and robust frames along with powerful brushless motors that allow them to achieve high speeds up to 80 miles per hour. Racing drones are increasingly being used by hobbyists and enthusiasts for recreational activities like fpv (first-person view) racing. The global racing drones market is expected to exhibit significant growth due to growing popularity of aerial sports and racing events among the younger generations.
The Global Racing Drones Market is estimated to be valued at US$ 150 million in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Racing Drones are DJI, Eachine, Hubsan, DYS Technology, immersionRC among others.
The growing popularity of drone racing as a competitive sport and increasing number of drone racing events organized worldwide present significant growth opportunities in the market.
Advancements in drone technology such as development of drones with compact size, durable designs, GPS systems, FPV capabilities, and brushless motors have augmented the performance of racing drones.
Market drivers
One of the key drivers for Racing Drones Market Demand increasing participation of people in aerial racing as a recreational activity and competitive sport. Drone racing leagues and competitions are attracting a lot of interest from hobbyists as well as professional drone pilots. This has driven the demand for high-performance racing drones designed specifically for competitive drone racing. The rising popularity of drone racing on social media platforms has further fueled the market growth in recent years.
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