Press release
Smarts Sports Equipment Market Set to Reach $85.17 Billion by 2029 with 0.150536009368594% Yearly Growth
Smarts Sports Equipment Market Size
The smart sports equipment market is poised for growth, driven by a rising demand for data-centered sports analysis. In today's sports landscape, data-driven analytics that utilizes sensors in sports equipment is used in innovative coaching methods to formulate successful strategies and evaluate a player or team's performance. Pro coaches can leverage data science, often gathered from the sports equipment, to custom build athlete match line-ups and game plans, as well as identify and address player errors. Modern sports gear aids players in confronting their challenges by studying data with each training or game, enhancing their performance. As stated by Forbes, an American business magazine, the revenue from sports analytics is estimated to exceed $4 billion by 2022, as it provides numerous benefits to sports organizations and athletes. Consequently, the mounting demand for analytical insight into sports activities propels the advancement of the smart sports equipment market.
Get Your Smarts Sports Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/smarts-sports-equipment-global-market-report
What Is the projected market size and growth rate for the smarts sports equipment market?
The market for smart weapons has seen significant expansion in recent times. The market, which was valued at $16.19 billion in 2024, will escalate to $17.74 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The historical growth in the market can be linked to factors such as increased involvement in sports, heightened health and wellness consciousness, the expansion of e-commerce, heightened internet usage, and the surge in esports.
Expectations are high for robust expansion in the size of the smart weapons market in the upcoming years. It's predicted to escalate to $24.52 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. The anticipated growth during this forecast period is ascribed to factors such as the escalating demand for athletic and fitness tracking, increased disposable income, elevated engagement in recreation activities, and economic advancement. Key trends during the forecast period are expected to consist of wearable health monitoring, the incorporation of augmented reality (AR) into training, the integration of esports and virtual sports, improved safety measures, and advancements in accessibility and inclusivity.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6097&type=smp
What new trends are reshaping the smarts sports equipment market and its opportunities?
The proliferation of the intelligent sports equipment market is fostering the rise of new trends to stay in sync with the technological evolutions encompassing the industry. One novel advancement is the Smart Sensors (Gen3+) introduced by a US-based corporation, Arccos Golf, in April 2022. These sensors offer an AI and machine learning-driven automatic shot tracking feature that seamlessly blends hardware and software, enabling precise shot detection for players. Over the previous three years, Arccos data scientists and engineers have scrutinized over 500 million shots struck across 194 nations using the Arccos sensors. Paired with the acclaimed Arccos Caddie app, users gain insights into the strokes made in each facet of their game along with every club in their assortment.
What major market segments define the scope and growth of the smarts sports equipment market?
The smarts sports equipment market covered in this report is segmented -
1) By Product Type: Smart Balls, Smart Golf Sticks, Smart Hockey Sticks, Smart Racket And Bats, Others Products
2) By Connectivity Features: Smartphone Synchronization, Wireless Synching, Real Time Data Syncing
3) By Distribution Channel: Franchise Stores, Specialty Stores, Others Stores
4) By End User: Men, Women
Subsegments:
1) By Smart Balls: Smart Footballs, Smart Basketballs, Smart Soccer Balls, Smart Tennis Balls
2) By Smart Golf Sticks: Smart Golf Clubs, Smart Putters, Golf Swing Analyzers
3) By Smart Hockey Sticks: Smart Ice Hockey Sticks, Smart Field Hockey Sticks
4) By Smart Rackets and Bats: Smart Tennis Rackets, Smart Badminton Rackets, Smart Baseball Bats, Smart Softball Bats
5) By Other Products: Smart Fitness Equipment, Smart Wearables, Smart Training Aids
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6097
Which region dominates the smarts sports equipment market?
North America was the largest region in the smart sports equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smarts sports equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the smarts sports equipment industry growth?
Major companies operating in the smarts sports equipment market include NIKE Inc., PUMA SE, Adidas AG, Wilson Sporting Goods Co., BABOLAT VS S.A., HockeyShot Inc., Zepp Labs Inc., Gridiron Technologies Inc., MIZUNO Corporation, Amer Sports Corporation, Under Armour Inc., InfoMotion Sports Technologies Inc., DribbleUp Inc., BRG Sports LLC, EGYM Inc., Kinexon GmbH, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., Callaway Golf Company, Quattriuum Inc., Active Mind Technology Inc., ANTA Sports Products Limited, ASICS Corporation, Garmin Ltd., Catapult Sports Pty Ltd., ShotTracker Inc., Blast Motion Inc., PIQ Sport Intelligence, KINEXON GmbH, Stag International Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6097&type=smp
What Is Covered In The Smarts Sports Equipment Global Market Report?
•Market Size Forecast: Examine the smarts sports equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smarts sports equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the smarts sports equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smarts sports equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smarts sports equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smarts sports equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the smarts sports equipment market.
•Competitive Landscape: Review strategic developments in the smarts sports equipment market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smarts Sports Equipment Market Set to Reach $85.17 Billion by 2029 with 0.150536009368594% Yearly Growth here
News-ID: 3884694 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
