SEATTLE, Oct. 10, 2018 (GLOBE NEWSWIRE) -- The global racing drones market was valued at US$ 2,143.9 million in 2017, and is projected to exhibit a CAGR of 20.0% over the forecast period (2018 – 2026).

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Key Trends and Analysis of the Racing Drones Market:

Introduction of high-speed drones and customized drones by manufacturers such as RC Quadcopter RTF and SwagDrone 150-UP, to fit in the required standards for a drone racing league coupled with increasing demand for high-speed drones for the First Person View (FPV) racing leagues in extreme sports are the major factors driving growth of the global racing drones market.

According to the Coherent Market Insights, the global racing drones market is segmented on the basis of drone type, application type, and region. Among drone type, Almost-Ready-to-Fly (ARF) segment held the dominant position in the market in 2017, owing to high demand for required modification of the drone by its pilot to match the required standards and better stability for a user friendly operation during racing tournaments.

Among application, rotorcross segment held the dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period.

North America was the dominant region in the global racing drones market in 2017 and is projected to maintain its dominance during the forecast period owing to increasing use of UAVs/drones for commercial as well as military applications in the region.

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Key Market Takeaways:

  • The market is expected to witness a CAGR of 20.0% during the forecast period (2018–2026), and this is attributed to increasing adoption of drones in the sports and gaming industry.
  • Increasing demand for high-speed drones with better stability & control and rising demand for drones/UAVs for different applications across various end-use industries such as logistics or search & rescue are expected to be the major driving factors for growth of the racing drones market.
  • Some of the major players operating the global racing drones market include DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chengji, Flytec, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, and RotorX Racing.

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