Global RTF Racing Drones Market Size to Exceed USD 1.65 Billion by 2033: Forecast Analysis Report

Global RTF Racing Drones Market Size to Exceed USD 1.65 Billion by 2033   

According to a research report published by Spherical Insights & Consulting, the Global RTF Racing Drones Market Size Expected to Grow from USD 0.56 Billion in 2023 to USD 1.65 Billion by 2033, at a CAGR of 11.41% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global RTF Racing Drones Market Size, Share, and COVID-19 Impact Analysis, By Drone Type (Ready-To-Fly Drones, DIY Drones, and Race-Optimized Drones), By Materials Used (Plastic, Carbon Fiber, and Metal), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Drones that are ready to fly (RTF) are pre-assembled and include all the parts needed to fly, such as a radio, receiver, battery, and charger. In the sport of racing drones, pilots must maneuver radio-controlled aircraft around a three-dimensional circuit as fast as they can. The market for racing drones has grown significantly due to a growing enthusiast community and technology improvements. Additionally, one significant contributing factor is the increasing popularity of drone racing as a competitive sport, which has piqued the interest of spectators and enthusiasts alike. This growing interest has led to the development of specialist racing leagues, more events, and more media coverage. However, the expansion of regulatory regulations and limits established by governments globally is posing a substantial challenge to the global RTF racing drones market.

The ready-to-fly drones’ segment is expected to hold the largest share of the global RTF racing drones market during the projected timeframe.                

Based on drone type, the global RTF racing drones market is categorized as ready-to-fly drones, DIY drones, and race-optimized drones. Among these, the ready-to-fly drones’ segment is expected to hold the largest share of the global RTF racing drones market during the projected timeframe. This is because of its pre-assembled design and ease of use, this category was quite popular with both novices and enthusiasts, encouraging more participation in the sport.

The carbon fiber segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the materials used, the global RTF racing drones market is categorized as plastic, carbon fiber, and metal. Among these, the carbon fiber segment is expected to grow at the fastest CAGR during the projected timeframe. The lightweight and high-strength characteristics of carbon fiber make it an essential component that greatly improves the performance and speed of racing drones.

North America is projected to hold the largest share of the global RTF racing drones market over the forecast period.

North America is projected to hold the largest share of the global RTF racing drones market over the forecast period. The market for racing drones is now dominated by North America due to the large number of businesses situated there. The Drone Racing League competitions are held by DRL Simulations, one of the top drone racing firms in the United States. The market for racing drones in North America is expanding due to major investments made in drone technology by both private companies and the government.

Asia Pacific is expected to grow at the fastest CAGR growth of the global RTF racing drones market during the forecast period. The region's market is expanding due to the presence of tech-savvy young individuals and the rise of drone leagues. Comparatively speaking to other regions of the world, European nations have fair drone legislation and regulations. This gives manufacturing and design firms a chance to test new racing drone types.  Due to regional variations in customization options, racing drone prices vary significantly.

Competitive Analysis

Major vendors in the global RTF racing drones market are Eastern Shipbuilding Group Inc, Harmony Marine Shipbrokers, Crowley Holdings Inc, Cheoy Lee Shipyards Ltd, AMSBACH MARINE (S) PTE LTD, Swire Pacific Group, DSB OFFSHORE LTD, SYM Naval, Damen Shipyards Group NV, Duclos Corp, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In February 2023, the Cinewhoop-style drone, a stabilized flyer made to record clear video both indoors and outdoors, has been introduced by DJI.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global RTF racing drones market based on the below-mentioned segments: 

Global RTF Racing Drones Market, By Drone Type

• Ready-To-Fly Drones
• DIY Drones
• Race-Optimized Drones

Global RTF Racing Drones Market, By Materials Used

• Plastic
• Carbon Fiber
• Metal

Global RTF Racing Drones Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa