According to the research report 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 predicted to reach a valuation of USD 2,060.7 million by the year 2026.
 

Factors such as growing inclination towards drone racing events, increasing number of racing sports tournaments, escalating R&D expenditures, and development of high-speed drones are primarily driving the growth of global racing drone market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2963832/
 

It is to be noted that racing drones, also known as FPV (first person view) are high speed compact sized drones which are used in racing sport events across the globe. The product has specific configuration and is operated by skilled pilots. In this context, the need for highly skilled pilots and complexities associated with the product may act as a restraining factor to the expansion of global racing drone market.
 

As per drone type, the report claims that ARF (almost-ready-to-fly) segment held the largest share of global racing drone industry in the year 2019 and is estimated to showcase similar growth trends in the ensuing years. Inclination among pilots towards using ARF drones owing to their affordability and personalization capabilities is fueling the segmental share.
 

Based on application landscape, global racing drone industry share from rotorcross segment is expected to grow substantially during the estimated timeframe, primarily due to rising number of rotorcross events across the globe.
 

Moving on to component type, airframe segment accounted for a considerable shareof global racing drones market in the year 2019. Rising adoption of affordable and lightweight composite materials in order to minimize overall weight as well as to achieve high speeds during racing events is propelling the segmental share.
 

Considering the geographical landscape, North America captured the largest market share in 2019, with U.S. holding over 70% share in the regional market. Moreover, racing drone market in North America is estimated to register consistent growth during the study duration. Increasing awareness pertaining to drone racing events and rising adoption of racing drones by various end-users are favoring the regional market outlook.
 

On the other hand, Asia-Pacific racing drone industry is expected to showcase a strong CAGR through 2026, with South Korea, Japan and China being the major revenue generators for the regional market.
 

Yuneec International, UVify Inc., Skyrocket LLC, Spin Master, RotorX, Parrot Drones SAS, MJXRC, ImmersionRC Ltd., Hubsan, Guangzhou Walkera Technology Co. Ltd., Eachine, SZ DJI Technology Co. Ltd., Autel Robotics, and Airjugar Technology Co. Ltd. are the major contenders in global racing drone market.