![]() The growing interest in drone racing has helped to drive demand for racing drones and related accessories, such as FPV goggles and controllers. Improvements in battery life, speed, and agility have all contributed to the development of these high-performance racing drones.Īnother significant driver of the market is the rising popularity of drone racing as a competitive sport. The primary drivers have been the advancements in drone technology, which has enabled the production of high-performance racing drones that can achieve faster speeds and more precise maneuvers. ![]() The market has witnessed significant growth due to various factors. Know more about this report: Request for sample pages Industry Dynamics ![]() These challenges reduced the availability of key drone components, such as motors and controllers, and led to production delays and higher manufacturing costs. The pandemic-related disruptions to the drone supply chain included component shortages, logistics difficulties, and delays in production and shipment. These measures significantly impacted the supply chain of drones and subsequently affected the production volume of racing drones during the pandemic. In response to the pandemic, many governments worldwide implemented containment measures such as trade restrictions, factory shutdowns, and social distancing regulations that limited the number of personnel at workplaces. The COVID-19 pandemic has notably impacted the aerospace industry, including the racing drone market. These associations play a crucial role in maintaining safety standards, organizing events, and promoting the growth of the drone racing industry. For instance, the International Drone Racing Association (IDRA) governs and sanctions racing events on a global scale.Īdditionally, countries like the United States and Japan have their own respective drone racing associations, such as the US Drone Racing Association (USDRA) and the Japan Drone Racing Association (JDRA). In addition, some factors are restraining the market, such as the requirement of highly skilled pilots to operate them in the racing tournaments and the complexity in the assembly of ARF parts for beginners.įurthermore, the drone racing industry is highly regulated, and many countries have established government drone racing associations. Growing adoption across the world, increasing production, the introduction of high-speed drones, growing expenditure in research and development of flying technologies, the introduction of racing sports leagues across different regions, raising awareness of reducing harmful environmental emissions from sports vehicles, and the growing number of racing events are some of the key factors driving the growth of market globally. ![]() Know more about this report: Request for sample pages The government of many countries allowing them to fly for sports events is one of the factors generating the demand & awareness for such racing events across different regions. This is a sport wherein human pilots fly and control their drones at high speed in an arena filled with obstacles in a complex environment. It is rapidly becoming a popular sport throughout the world. Racing drones (often called high-speed or FPV drones) are used by pilots of drone racing events wherein several participants compete in a racing sports match. Drone racing involves piloting small, agile drones through obstacle courses at high speeds, often using first-person view (FPV) goggles to see from the drone's perspective. The racing drone market has experienced significant growth in recent years due to the rising popularity of drone racing. The global racing drone market was valued at USD 797.91 million in 2022 and is expected to grow at a CAGR of 20.9% during the forecast period.
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