Racing Drones Market to expand at a CAGR of ~19% till 2027 | TMR

1. Create your website with WordPress.com Get started Technology Trends Zone TMR Future For Everyone Blog Contact About Development in FPV Systems to Drive Demand for Racing Drones Transparency Market Research delivers key insights on the global racing drones market. In terms of revenue, the racing drones market is estimated to expand at a CAGR of ~19% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the racing drones market. A racing drone is a small quadcopter unmanned aerial vehicle i.e. UAV, which is designed for FPV i.e. (?rst person view) racing events. Racing drones come in different types, primarily the following: ready-to-?y (RTF), bind-and-?y (BNF), do-it-yourself (DIY), plug-and-play (PNP), and plug–and-?y (PNF) drones. RTF racing drones are primarily for beginners who want to learn the method to handle racing drones and participate in events. On the other hand, DIY racing drones are designed for experts who want to build their own customized racing drones. A racing drone has multiple components, such as an FPV camera, remote controller, ?ight controller, video transmitter and receiver, drone frame, battery, propellers, and FPV goggles. A DIY racing drone can be built from these components. Request for a sample: https://www.transparencymarketresearch.com/sample/sample.php? ?ag=S&rep_id=58644 Racing Drones Market: Dynamics Popularity of drone racing as a competitive sport is growing all over the world. The sport is being rapidly commercialized by racing organizations, including International Drone Racing Association, Inc. and the U.S. Drone Racing Association. Ready-to-?y racing drones do not require any additional assembly and they can directly enter any racing event. Multiple types of ready-to-?y racing drones are available in the marketplace, including Walkera Furious 215, ARRIS X-Speed 250B, and Walkera Runner 250 Pro. Use of ready-to-?y racing drones is growing, owing to zero setup cost and no requirement for assembly. Moreover, ready-to-?y racing drones are highly useful for beginners. They can learn to ?y racing drones with ease and without any requirement for building their own racing drones. Moreover, ready-to-?y racing drones are inexpensive compared to other types of drones. Increasing use of ready-to-?y racing drones is projected to have a medium impact on the racing drones market from 2019 to 2027, owing to their numerous advantages. Ask for brochure: https://www.transparencymarketresearch.com/sample/sample.php? ?ag=B&rep_id=58644 Racing Drones Market: Prominent Regions Asia Paci?c is expected to dominate the racing drones market during the forecast period, owing to early adoption of technologies, presence of a large number of well- established players providing racing drones, and increasing popularity of drone racing across the region, especially in countries such as China, Japan, Australia, India, and South Korea. Furthermore, professional pilots are emerging from Asia Paci?c, especially China, which holds a signi?cant share of the market in the region. The market in North America is projected to expand at a signi?cant rate during the forecast period, due to growing popularity of FPV drone racing tournaments, such as MultiGP Canada Drone Racing League and the U.S. National Drone Racing Championship, in the region. Popularity of drone racing is high especially among professional racers, as the winning price of these competitions is very high. Racing Drones Market: Key Players The global racing drones market witnesses presence of a large number of well- established as well as emerging players. A few of the key players operating in the global racing drones market are YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, and Hubsan. These players strive to gain a competitive edge by developing innovative products that cater to multiple applications. For instance, in 2019, YINYAN Model Tech MFT announced the launch of a new racing drone called ‘Babyhawk R Pro 4’. Size of this drone is small i.e. 4 inches and it can ?y at a high speed without creating much noise. The new product would help the company in catering to micro and mini racing drone product segments. 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