Growing Number of Tournaments and Leagues to Bolster Demand for Racing Drones

In the past couple of years, the demand for drones has increased rapidly due to its increasing application in various industries. It used in agriculture, defense, surveillance, entertainment, and few others as it helps in capturing wider image with high resolution of the area. Now its application is also seen in different sports activities.

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Growing popularity of tech-controlled and luxury sports has increased the demand for racing drones at a significant rate. The images and videos captured by drones involve use of first person video or first-person view (FRV). This help drone pilots to track their drone routes during the race. Rising number of tech-enthusiasts has also given an impetus to growth in the global racing drones market. However, this technology is in its nascent stage, its demand will thrive in the forthcoming years. Moreover, technological advancements taking place to further enhance the feature in racing drones that will provide a fillip in this market.

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Numerous private companies are coming up different tournaments. For instance, Quadcopter Aerial Racing Organization and Promotion (QAROP) introduced drone racing in Australia in 2014, which became a trend across globe. After that, use of drones in sports activities increased substantially. Some of the other leagues and tournaments that use racing drones include Trick Wiki, Pilots, and MultiGP introduced. Different leagues have require different type’s drones with different configuration, features, and components. Due to these possibilities and rising demand for high-quality drines, there are high chances of growth of racing drones in the near future.

Racing Drones gathering Steam among Sports Enthusiasts

San Francisco, California, December 05, 2018 – The drive for racing drones among sports enthusiasts, technology wizards, and other professionals has stemmed from the popularity of tech-controlled sports. The incorporation of advanced engineering technologies and aerial systems in racing drones is bolstering their application in various areas such as industrial inspection and constructions.

A report by TMR Research takes a closer look at some of these trends and developments that influences the current growth dynamics and might shape the future contours of the racing drones market. The study is titled “Racing Drones Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018–2028”. Vendors are increasingly engaged in strengthening the supply chains for these racing drones, which will fuel their uptake in various end-use industries. The growing discretionary spending of tech-enthusiasts is also catalyzing the expansion of the market.

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The global racing drones has witnessed significant impetus from the reducing prices of ready-to-fly drones. The growing use of racing drones in inspection activities, such as in the inspection of farming landscape and unknown terrain, in recent years is also propelling the market growth. On the regional front, North America is expected to be lucrative market for racing drones. The growth of the regional market is driven increasingly by the rising popularity of racing drones as sports in the region.

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https://www.tmrresearch.com/racing-drones-market

Several vendors are entering into funding agreements with venture capitalists, which will underpin new frontiers in the global racing drones market. Some of the key players operating in the racing drones market are Chengji, Flytec, EXDRONES, Air Jugar, MJX, and Walkera Technology Co., Ltd.