Published Paper Details:

Formula 1 (F1) has evolved into a premier motorsport where technology and economics are central to its growth and competitiveness. From its early mechanical roots, F1 has embraced cutting-edge innovations, including aerodynamics, hybrid power units, and real-time data analytics, transforming car design and race strategies. These technological advancements have elevated F1 from a traditional race of speed to a sophisticated blend of engineering precision and strategic decision-making, with teams relying heavily on artificial intelligence and data optimization. Economically, F1 has become a multi-billion-dollar industry, driven by sponsorships, media rights, and global commercial partnerships. This financial success has led to significant investment in research and development, but also to disparities in team budgets. To address these challenges, cost cap regulations have been introduced, aiming to level the playing field. Additionally, sustainability has emerged as a key concern, with F1 focusing on hybrid technologies and alternative fuels to reduce its environmental impact. In short, F1 is a unique intersection of technology and economics, where ongoing innovation and financial strategies shape its future. The balance between technological progress, economic sustainability, and environmental responsibility will define the future of Formula 1 in the modern motorsport landscape.