Global Racing Drones Market Size, Share, Forecast Report, 2020-2027
The global Racing Drones market garnered revenue around USD XX Billion in 2019 and projected to reach USD 786 Million in 2027, with at a compound annual growth rate of 19% throughout the estimate period from 2020 to 2027.
Over the past one and a half decades, drones have evolved from laboratory experiments to flying vehicles that are available at brick & mortar and online stores. Technological advancements have paved the way for use of intricate components and parts that have significantly improved the stability and control of modern-day drones. Furthermore, progress in the battery technology has played an imperative role in the development of current generation of drones. In the current scenario, drones have a broad range of applications, including aerial photography, disaster management, precision agriculture, geographic mapping, and weather forecast. More recently, the dwindling prices of first-person view (FPV) systems have led to a significant rise in the number of drone hobbyists across the globe.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Racing Drones market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Racing Drones market growth.
The global Racing Drones market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
o YINYAN Model Tech MFT.
o Tian Yu Hi-tech Co. Ltd
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Racing Drones Market: Segmentation
Racing Drones Market, by Type
• Ready-to-fly (RTF)
• Bind-and-fly (BNF)
• Plug-and-play (PNP)/Plug-and-fly (PNF)
Racing Drones Market, by Component
• FPV Goggles
• FPV Remote Controllers
• Flight Controllers
Racing Drones Market, by Size
• ≤ 100 mm
• 100-200 mm
• 200-300 mm
• ≥ 300 mm
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
• North America
Rest of EU
• Asia Pacific
Rest of APAC
• Central & South America
Rest of Central & South America
• Middle East and Africa
Rest of MEA