Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Racing Drones Market: Overview, Outlook and component Outlook

First Person View (FPV) racing which is also called drone racing, consists of custom-built quadcopters with front faced camera mounted or inbuilt into them with high-speed electric motor for racing purposes. Furthermore, the pilot controls the drone with a remote control while portraying the vision of camera mounted on the drone with the help of head-mounted display or goggles and controls the motion, speed, and direction of the racing drone with the controller.

Global Racing drones market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to increasing application of drones in various sporting events, for example in cricket tournaments, the drones are used for capturing pictures or videos from the top for clear view. . Furthermore, as per Coherent Market Insights, growth of the market of racing drones is also propelled by the drone industry growth, which was pegged at 2.2 million units in 2016 and is also expected to witness high growth during the forecast period from 2018-2026 as well.

 

Racing Drones Market
Racing Drones Market

Drone Type Outlook           

Among aircraft type, the market is segmented into RTF (Ready-to-Fly) and ARF (Almost-Ready-to-Fly). According to Polaris Market Research, in 2019, ARF was estimated to be the largest market followed by RTF. RTF are the most widely preferred drones by skilled pilots due its customizable feature wherein they can modify the machine with their expertise in order to achieve higher speed & efficiency in the racing tournaments. This, in turn is driving the global demand for ARF.

 

Furthermore, ARF is expected to be the fastest growing segment in global racing drone market. In addition, increasing number of racing events such as Drone Champions League, Drone Racing League, MultiGP, and Drone World Champioship wherein, pilots of different countries compete together, acting as another major factor supporting growth of ARF drones market globally.

 

Component Outlook

Among component, the market is segmented into airframe, motors, camera/sensors, propellers, and others which comprises of components such as battery, connectors, transmitters, controllers, etc. In 2019, Airframe was estimated to be most dominant and also it is expected to be most dominant segment during the forecast period of 2020-2026. Airframe is the base component to which all other components are attached together to complete the assembly of FPV drone.

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