This contest has pretty fast car-type bots with an unusual track, a combination of curvy radiuses, square 90-degree turns, and some discontinuous staggered lines at 0:15 and 0:45. I have no idea what went on there but the robocars had no trouble getting through. Pretty impressive IMO.
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I kept looking for the little disclaimer ... "Not a real flying toy."
OTOH, a"vision" system, if it has one, doesn't need to ingest a full frame. It only really need to process the top 40 or 50 lines. A camera with an orthographic lens, scanning just a few dozen lines instead of the full frame, could create a running (like a piano roll) matrix.
Some of these types of events have used stationary cameras and outside electronics that do the mapping. A computer radios back the position information in real-time as the car travels over the track. Still uses a PID (a given for many line followers) and camera, and would also explain the aerial. I suppose it comes down to what the competition was meant to showcase.
At the opposite end of the speed/impressiveness spectrum is my Meander-Bot, in no rush at all. And no, it's not PID!