Christy Publications Racing Drones Market | Page 3

drones industry is estimated to be valued at US$ 3.7 billion in 2018 and it is projected to increase at a CAGR of 14.15% during the forecast period of 2018-2026. This is owing to rising demand for ARF drones in the region propelled by continuous modification of the drone components by the pilot of the drone who is participating in the racing league for better performance and to achieve the required standards for any particular tournament.  According to Coherent Market Insights’ research, Australia is one of the leading countries in terms of market share in Asia Pacific racing drones market, as it was the first country that conducted drones racing tournaments. Asia Pacific is expected to show highest growth over the forecast period, owing to increasing demand for high-speed drones in the region propelled by increasing number of drone racing leagues and tournaments which require high-speed drones to match the required standards to participate in the tournaments; as the commercial or normal consumer drones cannot participate in racing of tournaments. Initially, there were few drone racing leagues been conducted in the region, however, the sport is now gaining popularity globally.  Some of the major players operating in the racing drones market include DJI, Parrot, Yuneec, Walkera, Air Jugar, MJX, EXDRONES, Chenji, Binshang Creative Technology Co. Ltd., JYU, Sky Viper, Eachine, and RotorX Racing. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: [phone] Email: [email protected]