ARF racing drones are majorly used in motocross racing events in order to fulfill the event's requirements such as weight and motor capacity, size, and speed which requires customization to attain the requirements of tournaments. The ARF racing drones Market is further segmented into components and applications.
MARKET SCOPE
The" ARF racing drones Market Analysis from 2020 to 2028"? is a specialized and in-depth study of ARF racing drones industry with a special focus on the global market trend analysis. The report aims to provide an overview of ARF racing drones market with detailed market segmentation by device type, type, and geography. The ARF racing drones market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ARF racing drones market players and offers trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of components, the market is segmented into battery systems, motors, others.
On the basis of application the market is segmented into rotorcross, drag racing, others.
MARKET DYNAMICS
Drivers:
- high demands for drones for different drone's league and its various applications are a reason for the market growth.
Restraints:
- Lack of skilled pilots to fly the almost ready to fly drones in the racing tournaments and difficulty in assembling the parts are hampering the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ARF racing drones Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ARF racing drones Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting ARF racing drones Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social, and technological factors effecting the ARF racing drones Market in these regions.
IMPACT OF COVID-19 ON ARF racing drones MARKET
The outbreak of COVID-19 has significantly impacted various industries including aerospace. As containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures affected the supply chain of drones which subsequently affected production volume of racing drones in 2020. However, as containment measures were relaxed and governments started awarding military contracts. Defense spending across the world increased by 3.9% per year and was valued at US$1.83 trillion in 2020. Despite severe economic contractions caused by the COVID-19 pandemic and the series of lockdowns across many countries globally, expenditure on military and defense globally climbed dramatically from an average of 1.85% in 2019 to 2.08% in 2020 as military budgets were maintained.
MARKET PLAYERS
The reports cover key developments in the ARF racing drones Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from ARF racing drones Market are anticipated to lucrative growth opportunities in the future with the rising demand for Secure Digital Cardin the global market. Below mentioned is the list of a few companies engaged in the ARF racing drones Market.
The report also includes the profiles of key Sanitization Robots companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of last 3 years, key development in the past five years.
- DJI
- Parrot
- Yuneec
- Walkera
- Air Jugar
- MJX
- EXDRONES
- Chengji
- Flytec
- RotorX Racing.