Sports Technology Market was valued at US$ 13.65 Bn. in 2021 and is expected to reach US$ 46.98 Bn. by 2029, at a CAGR of 16.7% during a forecast period.
Sports Technology Market Overview
The Sports Technology Market Research Report provides a comprehensive overview of the market, including its current state, definitions, classifications, applications, industry chain structure, and key players. The report also includes unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. In addition, the report provides information on the leading businesses functioning in the Sports Technology industry, their strategic ambitions, and company growth strategies.The report also evaluates mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches in the Sports Technology market.
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Sports Technology Market Scope
Maximize Market Research's Sports Technology Market Report provides a comprehensive analysis of the market, using a dynamic research methodology. The report covers major growth drivers, market dynamics, challenges, and scope, as well as PESTLE, Porter, and SWOT analyses. It also includes information on the latest developments and technologies in the global Sports Technology market.
The report provides detailed information on the global Sports Technology market, including market shares, supply chain analysis, and key success factors. It also includes the opinions of industry experts from top leading organizations in the global Sports Technology market.
The report covers the following historical years (2017-2021), base year (2022) and forecast period (2023-2029).
Sports Technology Market Segmentation
% of the market was accounted for by the Smart Stadium category in 2021, according to technology. The use of smart stadium technology can help to enhance the fan experience, boost revenue, and enhance stadium security. Real-time information is provided on parking spaces, ticketing lines, and food concessions, among other things, using various sensors, cameras, and digital displays. By offering interactive seats, safe wireless connections, and high-definition television screens for live sports, IoT-based innovation solutions can help stadium design.
According to sport, Soccer had the greatest market share (xxx%) in 2021. FIFA gave team analysts the right to communicate with managers during live matches in real-time regarding player performance in March 2018. At the 2018 FIFA World Cup, the Video Assistant Referee (VAR) was initially used to aid on-field officials in making decisions. Technology can be used in soccer to gather useful information about a player's fitness and make defensible decisions. Digitalization also makes it possible for supporters to interact with football clubs outside of a 90-minute match. Because of this, despite its slow start, technological use in soccer has been expanding recently.
Basketball is anticipated to experience the fastest growth between 2021 and 2029, with a CAGR of around 18.0%. The National Basketball Association (NBA) has reaped many advantages from the implementation of data analytics, mobile apps, wearables, and heart rate monitors. Each of the 30 NBA teams will have a dedicated analytical department in 2021 to improve practice and game-day performance. The association is utilizing cutting-edge technology, such as virtual reality (VR) and augmented reality (AR), to engage the audience.
Sports Technology Market Size and Forecast, by Technology (2022-2029)
1. Devices
2. Smart Stadium
3. Analytics & Statistics
4. Esports
Sports Technology Market Size and Forecast, by Sport (2022-2029)
1. Soccer
2. Baseball
3. Basketball
4. Ice Hockey
5. Football/Rugby
6. Tennis
7. Cricket
8. Golf
9. Esports
10.Other
Sports Technology Market Size and Forecast, by Region (2022-2029)
3. North America
3. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Sports Technology Market Key Players
• IBM
• Ericsson
• Cisco
• Fujitsu
• SAP SE
• Oracle
• NEC
• LG
• Sharp
• Samsung
• Fitbit
• Apple
• Garmin
• Sony
• ARRI
• Panasonic Corporation
• Modern Times Group
• Activision Blizzard
• Valve Corporation
• Tencent
• CJ Corporation
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Regional Analysis
The report provides the statistical market growth data for every influencing economy in the global Sports Technology market. The various countries like North America, Asia-Pacific, Europe, Latin America, and MEA are considered while preparing report. All the emerging trends with population growth along with government strategies and regulations are covered in the report. The final conclusion part of regional insights consists, of all economies’ in the market influencing data in the form of historical as well as forecasted period.
Key Questions answered in the Sports Technology Market Report are:
- What is the forecast period of the Sports Technology Market?
- What is the competitive scenario of the Sports Technology market?
- Which region held the largest market share in the Sports Technology Market?
- What are the opportunities for the Sports Technology Market?
- What are the restraining factors in the Sports Technology market?
- Who are the key players of the Sports Technology market?
Key offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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