The global smart sports equipment market is expected to post a CAGR of
over 37% during the period 2019-2023, according to the latest market
research report by Technavio.
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The global smart sports equipment market is expected to post a CAGR of over 37% during the period 2019-2023 (Graphic: Business Wire)
A key factor driving the growth of the market is the growing demand for
sports analytics. Currently, teams, coaches, and sports associations are
increasingly opting for smart sports equipment and various sports
analytics platforms. With the help of such platforms, team managers can
do predictive analyses based on data related to players and their
rankings, train, analyze play-by-play effectiveness for real-time
competitive intelligence, and anticipate player safety issues to prevent
injuries. Such factors are expected to drive the global smart sports
equipment market positively during the forecast period.
As per Technavio, the increasing demand for robotics will have a
positive impact on the market and contribute to its growth significantly
over the forecast period. This global
smart sports equipment market research report also
analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global smart sports equipment market:
Increasing demand for robotics
In the past few years, the field of robotics has gained popularity in
various industries. Owing to its rising popularity, the concept of
robotics is gaining prominence in the sports industry, with team
coaches, sports clubs, and sports associations increasingly emphasizing
the use of robotics to enhance the training process and improve player
performance. For instance, to remove constraint and stimulate actual
players in competitive matches, American football coaches across the US
are increasingly opting for Mobile Virtual Players (MVPs), offered by
mobile virtual player that replicate the size, weight, shape, speed and
human motion of an opponent or training partner and are remotely
controlled using a remote controller. Therefore, with such advances in
technology, the market for global smart sports equipment is expected to
show a positive outlook during the forecast period.
“Apart from the increasing demand for robotics, increased emphasis on
IoT, increased demand for wearable devices and fitness trackers, the
growing number of partnerships and collaborations in the sports
industry, and the increased demand for neurostimulation are some major
aspects that are expected to boost the growth of the global smart sports
equipment market,” says a senior analyst at Technavio.
Global smart sports equipment market:
Segmentation analysis
This market research report segments the global smart sports equipment
market by product (ball sports, fitness sports, and other sports) and
geographical regions (Europe, APAC, North America, MEA, and South
America).
The European region led the market in 2018, followed by APAC, North
America, MEA, and South America, respectively. However, during the
forecast period, the North American region is expected to register the
highest incremental growth due to the presence of various sports
organizations, associations, and sports clubs, which emphasizes on the
usage of IoT technologies and connected equipment.
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Market Landscape
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- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190422005212/en/