According to the latest study titled ‘Racing Drone Market Share, Size, Trends, Industry Analysis Report By Drone Type; By Application; By Component; By Regions, Segment Forecast, 2020 – 2026’, available with Market Study Report, global racing drone market is anticipated to be appraised at USD 2060.7 million by the year 2026.
 

Worldwide product adoption, introduction of high-speed variants, and rising popularity of racing sport tournaments are propelling the growth of global racing drone market. Further, constant research & development in the field, and focus among vendor to launch innovative drones are stimulating the industry outlook.
 

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For the unversed, drone racing as a sport was first introduced in Australia in 2013, where drone pilots across the globe participate and showcase their skills. Racing drones which take part in this championship needs to fulfill specific requirements, like, propellers, motors, speed, and weight. These machines have high speed, FPV (first person view) camera, and a controller which is operated by the pilot.
 

Speaking of restraints, need for highly skilled pilots to operate these machines in racing tournaments, alongside the complexity in assembling the parts will arrest the worldwide racing drone market remuneration.
 

Based on drone type, the market is categorized into ARF (almost ready to fly), and RTF (ready to fly). As per the report, ARF segment dominated the global racing drone industry share in 2019 and is poised to showcase similar growth trends in the ensuing years. The segmental growth is attributed to preference of racing drone pilot towards ARF as they can be customized according to the event eligibility criteria. 
 

Moving on to application scope, global racing drone market size from rotorcross segment was the highest in 2019 and is slated to growth substantially over the forecast period, owing to increasing number of rotorcross events happening across the globe, which will boost the demand for FPV drones.
 

Elaborating the component terrain, airframe held the majority of industry share in 2019, pertaining to inclination towards lightweight airframes in order to reduce overall drone weight and attain higher speed.
 

From the regional frame of reference, North America racing drone industry forecast showcases lucrative growth opportunities over 2020-2026, with the United States leading the way. Rising popularity and audience cognizance of drone racing events across the region is positively swaying the business dynamics.
 

Major players in worldwide racing drone market are Yuneec International, UVify Inc., Skyrocket LLC, Spin Master, RotorX, Parrot Drones SAS, MJX RC, ImmersionRC Limited, Hubsan, Guangzhou Walkera Technology Co. Ltd., Eachine, SZ DJI Technology Co. Ltd., Autel Robotics, and Airjugar Technology Co. Ltd.