Drone Racing/Drone Motorsports Market - Forecast(2024 - 2030)

Report Code: ATR 1017 Report Format: PDF + Excel

Drone Racing/Drone Motorsports Market Overview:

Drone Racing/Drone Motorsports Market size is estimated to reach USD $ 1.0 Billion by 2030, growing at a CAGR of 22% during the forecast period 2023-2030. Drone Racing/Drone Motorsports enthusiasts participate in competitive racing sports using specialized racing drones, and this thrilling sport is rapidly gaining global recognition. In this exhilarating discipline, skilled pilots navigate their drones at high speeds through intricate obstacle-laden courses. Contributing to the surging competition and global appeal of these racing events is the authorization by many governments in various regions to use drones for sporting purposes. 

The market is experiencing growth primarily due to the increasing demand for high-speed FPV (First Person View) drones across various drone leagues, including Multi GP, the Drone Racing League, and the World Drone Prix. Additionally, these drones are in high demand for applications such as surveillance, industrial inspections, search and rescue operations, which further drive market expansion.

drone racing/drone motorsports market is expected to continue to grow in the coming years, driven by the increasing popularity of drone racing as a sport and recreational activity. The growing number of drone racing leagues and competitions, as well as the technological advancements in drone technology, are also expected to contribute to the market growth.

North America is the largest market for drone racing/drone motorsports, followed by Europe and Asia Pacific. North America is home to a number of leading drone racing teams and organizations, such as the Drone Racing League (DRL) and the Multirotor Association of America (MAA). Europe is also a major market for drone racing, with a number of high-profile events held throughout the year. Asia Pacific is the fastest-growing market for drone racing, with China being the leading country.

The United States represents a significant portion, comprising over 65% of the market share in North America. Furthermore, the burgeoning awareness of drone racing sports among the American audience and its increasing adoption across various end-use sectors have emerged as pivotal factors propelling market growth in the region. Additionally, the Asia Pacific region, driven by countries like China, Japan, and South Korea, was anticipated to exhibit the swiftest growth during the forecast period spanning 2023 to 2030.

Market Snapshot:

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Drone Racing/Drone Motorsports Market - Report Coverage:

“Drone Racing/Drone Motorsports Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Drone Racing/Drone Motorsports Market.

AttributeSegment

By Drone Type

  • Ready-to-fly (RTF)

  • Bind-and-fly (BNF)

  • Plug-and-play (PNP)/Plug-and-fly (PNF)

  • Others

By Component

  • FPV Goggles

  • FPV Remote Controllers

  • Cameras/Sensors

  • Batteries, Motors

  • Airframe

  • Flight Controllers

  • Others

By Size

  • Below 100 mm

  • 100–200 mm

  • 200–300 mm

  • Above 300 mm

By Application

  • Rotor Cross

  • Drag Racing

  • Time Trail

  • Others

By Industry Vertical

  • Commercial

  • Aerospace and Defense

  • Consumer Electronics

  • Healthcare

  • Others

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).


Drone Racing/Drone Motorsports Market - Top Trends

Increasing popularity of drone racing as a sport and recreational activity: Drone racing is becoming increasingly popular as a sport and recreational activity. This is due to a number of factors, including the excitement and thrill of the sport, the ease of getting started, and the relatively low cost of entry.

Growth of drone racing leagues and competitions: The number of drone racing leagues and competitions is growing worldwide. This is helping to increase the visibility of the sport and attract new participants.

Technological advancements in drone technology: Drone technology is constantly advancing, making drones faster, more agile, and easier to fly. This is leading to the development of new and innovative drone racing competitions.

Rising demand for drone racing equipment and accessories: The demand for drone racing equipment and accessories is rising as more people become interested in the sport. This is leading to the development of new and innovative products, such as drones, components, accessories, and software.

Drone Racing/Drone Motorsports Market - Company Analysis

Airjugar Technology Co. Ltd : Airjugar is a Chinese company that specializes in the development and production of racing drones and components. The company is known for its high-quality and innovative products, which are popular among both professional and amateur racers. Airjugar is also a major sponsor of drone racing events around the world.

Autel Robotics : Autel Robotics is another Chinese company that is a leader in the drone racing market. The company offers a wide range of racing drones and components, as well as a variety of other drone products. Autel Robotics is also known for its advanced drone technology, such as its obstacle avoidance system and its high-resolution cameras.

DJI : DJI is the world's leading drone manufacturer. The company offers a wide range of drones for both commercial and recreational use, including racing drones. DJI's racing drones are known for their high performance and reliability. The company also sponsors a number of drone racing teams and events.

Eachine: Eachine is a Chinese company that produces a wide range of affordable drones, including racing drones. The company's drones are known for their good value for money and their durability. Eachine is also a popular choice for beginners, as its drones are relatively easy to fly.

Guangzhou Walkera Technology CO. LTD: Walkera is a Chinese company that has been producing drones for over 20 years. The company offers a wide range of drones, including racing drones. Walkera's racing drones are known for their high performance and their innovative features. The company also sponsors a number of drone racing teams and events.

Hubsan: Hubsan is a Chinese company that produces a wide range of affordable drones, including racing drones. The company's drones are known for their good value for money and their ease of use. Hubsan is also a popular choice for beginners, as its drones are relatively inexpensive and easy to fly.

ImmersionRC Limited: ImmersionRC is a Canadian company that specializes in the development and production of FPV (first-person view) drone racing technology. The company's products include FPV goggles, cameras, and transmitters. ImmersionRC is also a major sponsor of drone racing events around the world.

mjxrc.net: Mjxrc.net is a Chinese company that produces a wide range of affordable drones, including racing drones. The company's drones are known for their good value for money and their ease of use. Mjxrc.net is also a popular choice for beginners, as its drones are relatively inexpensive and easy to fly.

Parrot Drones SAS: Parrot is a French company that specializes in the development and production of consumer drones. The company offers a wide range of drones, including racing drones. Parrot's racing drones are known for their innovative features and their ease of use. The company also sponsors a number of drone racing teams and events.

RotorX:  RotorX is a Chinese company that specializes in the development and production of racing drones and components. The company is known for its high-quality and innovative products, which are popular among both professional and amateur racers. RotorX is also a major sponsor of drone racing events around the world.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Drone Racing/Drone Motorsports Market adopt. The top 10 companies in Drone Racing/Drone Motorsports Market are listed below:
  1. Airjugar Technology Co. Ltd
  2. Autel Robotics
  3. DJI 
  4. eachine
  5. Guangzhou Walkera Technology CO. LTD
  6. Hubsan 
  7. ImmersionRC Limited 
  8. mjxrc.net
  9. Parrot Drones SAS 
  10. RotorX 

Scope of the Report: 

Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

22 %

Market Size in 2030

$ 1.0 Billion

Segments Covered

By Drone Type, By Component, By Size, By Application,  By Industry Vertical and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Airjugar Technology Co. Ltd

  2. Autel Robotics

  3.  DJI,

  4. eachine,

  5. Guangzhou Walkera Technology CO. LTD,

  6. Hubsan,

  7. ImmersionRC Limited,

  8. mjxrc.net,

  9. Parrot Drones SAS,

  10. RotorX,


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1. Drone Racing/Drone Motorsports Market Overview
    1.1 Definitions and Scope
2. Drone Racing/Drone Motorsports Market – Executive Summary
3. Drone Racing/Drone Motorsports Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Size Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Drone Racing/Drone Motorsports Market – Startup Company Scenario 
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Drone Racing/Drone Motorsports Market – Market Entry Scenario Premium 
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Drone Racing/Drone Motorsports Market – Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Drone Racing/Drone Motorsports Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Drone Racing/Drone Motorsports Market – By Type (Market Size - $Million/$Billion)
    8.1 Ready-to-fly (RTF)
        8.1.1 Market Trends by Region 
        8.1.2 Market Size & Forecast by Region
    8.2 Bind-and-fly (BNF)
        8.2.1 Market Trends by Region
        8.2.2 Market Size & Forecast by Region
    8.3 Plug-and-play (PNP)/Plug-and-fly (PNF)
        8.3.1 Market Trends by Region
        8.3.2 Market Size & Forecast by Region
    8.4 Others
        8.4.1 Market Trends by Region
        8.4.2 Market Size & Forecast by Region
9. Drone Racing/Drone Motorsports Market – By Component (Market Size - $Million/$Billion)
    9.1  FPV Goggles
        9.1.1 Market Trends by Region
        9.1.2 Market Size & Forecast by Region
    9.2 FPV Remote Controllers
        9.2.1 Market Trends by Region
        9.2.2 Market Size & Forecast by Region
    9.3 Cameras/Sensors
        9.3.1 Market Trends by Region
        9.3.2 Market Size & Forecast by Region
    9.4 Batteries
        9.4.1 Market Trends by Region
        9.4.2 Market Size & Forecast by Region
    9.5 Motors
        9.5.1 Market Trends by Region
        9.5.2 Market Size & Forecast by Region
    9.6 Airframe
        9.6.1 Market Trends by Region
        9.6.2 Market Size & Forecast by Region
    9.7 Flight Controllers
        9.7.1 Market Trends by Region
        9.7.2 Market Size & Forecast by Region
    9.8 Others
        9.8.1 Market Trends by Region
        9.8.2 Market Size & Forecast by Region
10. Drone Racing/Drone Motorsports Market – By Size (Market Size - $Million/$Billion)
    10.1 Below 100 mm
        10.1.1 Market Trends by Region
        10.1.2 Market Size & Forecast by Region
    10.2 100–200 mm
        10.2.1 Market Trends by Region
        10.2.2 Market Size & Forecast by Region
    10.3 200–300 mm
        10.3.1 Market Trends by Region
        10.3.2 Market Size & Forecast by Region
    10.4 Above 300
        10.4.1 Market Trends by Region
        10.4.2 Market Size & Forecast by Region
11. Drone Racing/Drone Motorsports Market – By Application  (Market Size - $Million/$Billion)
    11.1 Rotor Cross
        11.1.1 Market Trends by Region
        11.1.2 Market Size & Forecast by Region
    11.2 Drag Racing
        11.2.1 Market Trends by Region
        11.2.2 Market Size & Forecast by Region
    11.3 Time Trail
        11.3.1 Market Trends by Region
        11.3.2 Market Size & Forecast by Region
    11.4 Others
        11.4.1 Market Trends by Region
        11.4.2 Market Size & Forecast by Region
12. Drone Racing/Drone Motorsports Market – By Industry Vertical (Market Size - $Million/$Billion)
    12.1 Commercial
        12.1.1 Market Trends by Region
        12.1.2 Market Size & Forecast by Region
    12.2 Aerospace and Defense
        12.2.1 Market Trends by Region
        12.2.2 Market Size & Forecast by Region
    12.3 Consumer Electronics
        12.3.1 Market Trends by Region
        12.3.2 Market Size & Forecast by Region
    12.4 Healthcare
        12.4.1 Market Trends by Region
        12.4.2 Market Size & Forecast by Region
    12.5 Others
        12.5.1 Market Trends by Region
        12.5.2 Market Size & Forecast by Region
13. Drone Racing/Drone Motorsports Market – by Geography (Market Size - $Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 U.K.
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Drone Racing/Drone Motorsports Market – Market Entropy
    14.1 New product launches
    14.2 M&A’s, collaborations, JVs and partnerships
15. Drone Racing/Drone Motorsports Market – Industry Competition Landscape 
    15.1 Market Size Analysis
        15.1.1 Market Size by Technology – Key Companies
        15.1.2 Market Size by Country – Key Companies
        15.1.3 Market Size by Region – Key Companies
    15.2 Competition Matrix
    15.3 Best Practices for Companies
16. Drone Racing/Drone Motorsports Market – Key Company List by Country Premium 
17. Drone Racing/Drone Motorsports Market – Company Analysis
    17.1 Airjugar Technology Co. Ltd
    17.2 Autel Robotics
    17.3 DJI 
    17.4 eachine 
    17.5 Guangzhou Walkera Technology CO. LTD 
    17.6 Hubsan 
    17.7 ImmersionRC Limited 
    17.8 mjxrc.net 
    17.9 Parrot Drones SAS 
    17.10 RotorX 
    17.11 Spin Master (Air Hogs) 
    17.12 Skyrocket LLC (Sky Viper) 
    17.13 UVify Inc 
    17.14 3D Robotics 
    17.15 SkyTech 
    17.16 Lumenier 
    17.17 GoPro 
    17.18 Storm 
    17.19 Gemo Copter 
    17.20 TBS 
    17.21 YUNEEC
    17.22 Others.

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Drone Racing/Drone Motorsports Market is forecast to grow at CAGR of 22 % during the forecast period 2023-2030.

Drone Racing/Drone Motorsports Market size is projected to reach $1 Billion by 2030.

Top Companies in the Drone Racing/Drone Motorsports Market are Airjugar Technology Co. Ltd, Autel Robotics, DJI, eachine, Guangzhou Walkera Technology CO. LTD and others.