According To Coherent Market Insights, The Growth Of The Racing Drone Market Is Propelled By The Drone Industry Growth

 


First Person View (FPV) racing, also known as drone racing, is comprised of custom-built quadcopters with a front-facing camera mounted or built into them, as well as a high-speed electric motor for racing purposes. Furthermore, the pilot controls the drone with a remote control while portraying the vision of the camera mounted on the drone with the help of a head-mounted display or goggles, and the controller controls the motion, speed, and direction of the racing drone. Various sporting events are being held around the world, with the use of drones becoming more common. This is expected to help the market grow. For example, in 2014, Quadcopter Aerial Racing Organization and Promotion (QAROP) organised drone racing in Australia, which quickly became a global trend.

 

During the forecast period (2018–2026), the global Racing Drones Market is expected to grow significantly. The increasing application of drones in various sporting events, such as cricket tournaments, is driving market growth. For example, in cricket tournaments, drones are used to capture pictures or videos from the top for a clear view. Furthermore, according to Coherent Market Insights, the growth of the racing drone market is propelled by the drone industry growth, which was pegged at 2.2 million units in 2016 and is also expected to grow rapidly during the forecast period from 2018 to 2026.

 

DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chengji, Flytec, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, and RotorX Racing are some of the key players in the global racing drones market. Demand for reducing human intervention in racing tournaments, which could reduce driving time and costs, has become a major factor driving the growth of the drones industry and racing drones as well. This factor is not required for the design or operation of any safety structure. The pilot gives all commands to the drones and operates them with the controller, reducing the chances of accidents and loss of human lives, which is a major driver for the drone/UAV industry.

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