Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Racing drones are used in first-person view (FPV) drone racing competitions. Drone racing is one of the fastest growing sports in the world. Several competitions such as FAI Drone Racing World Cup are held annually, which is expected aid in growth of the global racing drones market over the forecast period.
Introduction of numerous drone racing leagues & tournaments is a major factor boosting growth of the market. For instance, in August 2019, Drone Racing League (DRL) organized its 2019 season DRL Allianz World Championship in Brooklyn, New York. Moreover, introduction of lightweight high-speed racing drones for FPV racing leagues is also expected to aid in growth of the market. For instance, in January 2018, UVify, a U.S.-based startup drone company, unveiled OOri, a micro racing drone with a top speed of 60mph.
Rising number of streaming and broadcast viewer-base is expected to propel growth of the global racing drones market. For instance, over 6 million fans live-streamed the 2019 DRL Allianz World Championship Season Premiere on Twitter. Increasing number of sponsorships on funding for drone racing events is expected to offer lucrative growth opportunities for players in the global racing drones market. For instance, in January 2020, The College of Science and Engineering received a US$ 25,000 award from NASA through the Arkansas Science Space Grant Consortium to develop and host a drone-racing competition and a high-powered rocket workshop during July 20-24, 2020 at the SAU campus.
However, factors such as safety concerns related to racing drones, high cost of racing drones, and required skills to control the drones are expected to hinder growth of the market. For instance, a quadcopter racing drone may cost around US$ 1,000.
The market is witnessing increasing shift towards development of autonomous drones. For instance, in January 2020, FlytBase, Inc. partnered with Mayan Robotics, LLC for development of fully autonomous, cost-effective drone automation solutions that leverage open source technologies. Major educational institutes are establishing drone racing clubs. For instance, in January 2020, Kennett High School announced to establish a drone club, KHS Drone Club, after receiving a US$ 13,780 grant from the state Department of Education.
Key players in the market are focused on adopting M&A strategies to expand their product portfolio. In January 2020, Red Cat Holdings, Inc. announced it has entered into an agreement to acquire Rotor Riot, a provider of FPV and drone racing hardware.
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
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
o Market Definition and Scope
o Executive Summary
o Market Snippet, By Drone
o Market Snippet, By Application
o Market Snippet, By Region
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
o Drivers
o Restraints
o Market Opportunities
o Regulatory Scenario
o Industry Trend
o Merger and Acquisitions
o New system Launch/Approvals
o Value Chain Analysis
o Porter's Analysis
o PEST Analysis
4. Global Racing Drones Market, By Drone Type, 2018-2026 (US$ Million)
o Introduction
o Market Share Analysis, 2017 and 2026 (%)
o Segment Trends
o RTF/RTR (Ready-to-Fly/Ready-to-Run)
o Introduction
o Market Size and Forecast, 2018-2026, (US$ Million)
o ARF (Almost Ready-to-Fly)
o Introduction
o Market Size and Forecast, 2018-2026, (US$ Million)
5. Global Racing Drones Market, By Application, 2018-2026 (US$ Million)
o Introduction
o Market Share Analysis, 2017 and 2026 (%)
o Segment Trends
o Rotorcross
o Introduction
o Market Size and Forecast, 2018-2026, (US$ Million)
o Drag Racing
o Introduction
o Market Size and Forecast, 2018-2026, (US$ Million)
o Time Trial
o Introduction
o Market Size and Forecast, 2018-2026, (US$ Million)
6. Global Racing Drones Market, By Regions, 2018-2026 (US$ Million)
o Introduction
o Market Share Analysis, By Region, 2017 and 2026 (%)
o North America
o Regional Trends
o Market Size and Forecast, By Drone Type, 2018-2026 (US$ Million)
o Market Size and Forecast, By Application Type, 2018-2026 (US$ Million)
o Market Share Analysis, By Country, 2017-2026 (%)
o U.S.
o Canada
o Europe
o Regional Trends
o Market Size and Forecast, By Drone Type, 2018-2026 (US$ Million)
o Market Size and Forecast, By Application Type, 2018-2026 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2026 (%)
o UK
o Germany
o Italy
o France
o Russia
o Rest of Europe
o Asia Pacific
o Regional Trends
o Market Size and Forecast, By Drone Type, 2018-2026 (US$ Million)
o Market Size and Forecast, By Application Type, 2018-2026 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2026 (%)
o China
o India
o Japan
o ASEAN
o Australia
o South Korea
o Rest of Asia Pacific
o Latin America
o Regional Trends
o Market Size and Forecast, By Drone Type, 2018-2026 (US$ Million)
o Market Size and Forecast, By Application Type, 2018-2026 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2026 (%)
o Brazil
o Argentina
o Mexico
o Rest of Latin America
o Middle East
o Regional Trends
o Market Size and Forecast, By Drone Type, 2018-2026 (US$ Million)
o Market Size and Forecast, By Application Type, 2018-2026 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2026 (%)
o Israel
o GCC Countries
o Rest of the Middle East
o Africa
o Regional Trends
o Market Size and Forecast, By Drone Type, 2018-2026 (US$ Million)
o Market Size and Forecast, By Application Type, 2018-2026 (US$ Million)
o Market Share Analysis, By Country, 2017 and 2026
o Northern Africa
o Central Africa
o South Africa
7. Competitive Landscape
o Company Profiles
o DJI
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Parrot
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Yuneec Electric Aviation
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Walkera
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Air Jugar
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o MJX
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o EXDRONES
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Chengji
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Global Drone
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Flytec
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Binshang Creative Technology Co., Ltd.
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o JYU
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Sky Viper
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Eachine
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o RotorX Racing
o Company Overview
o Product Portfolio
o Financial Performance
o Key Strategies
o Recent Developments/Updates
o Analyst Views
8. Section
o References
o Research Methodology
o About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Racing Drones Market - Global forecast to 2026".
