CHICAGO, Dec. 5, 2022/ PRNewswire/– The sports technology market is estimated to grow from USD 21.9 billion in 2022 to reach USD 41.8 billion by 2027; it is expected to grow at a CAGR of 13.8% from 2022 to 2027according to a brand-new report by MarketsandMarkets ™. The development of the sports technology market can be attributed to increasing concentrate on delighting and engaging fans at stadiums, growing pressure to improve player and team performance, and rising adoption of esports technology.MarketsandMarkets Logo design Download PDF
Pamphlet: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104958738!.?.!Browse extensive TOC on”
Sports Technology Market” 127– Tables 52– Figures 236– Pages The sports innovation market for devices is
anticipated to hold largest share in 2023. The high market share is expected to be driven by the increasing adoption of smartwatches and smart wristbands for tracking the efficiency of professional athletes. The sale of smartwatches continued at a higher rate through online retail channels, as numerous consumers have been using smartwatches to monitor their fitness during the lockdown, causing higher adoption in sports also. For example, in July 2022, Garmin released the world’s first dedicated GPS-running smartwatch with solar charging, the Forerunner 955 Solar, with approximately 49 hours of battery life in GPS mode.The sports innovation market for sports athletes is expected to grow at the highest CAGR throughout the projection period.Advancement in sports innovation is expanding as teams are becoming more worried about athlete efficiency and health. Athlete efficiency technologies, such as wearable gadgets and sensors, are being used to optimize training, game-day decision-making, and recovery. Business such as NormaTec,
Rapid Reboot, and Air Relax are using pneumatic recovery systems to assist athletes improve blood flow and blood circulation, improving recovery after a difficult workout or huge game.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=104958738 Story continues The sports technology market in North America is anticipated to hold the largest size during the forecast period.The sports technology market in
The United States and Canada is anticipated to hold the largest share throughout the projection period. The United States is the house of
immersive-experience applications . Numerous smart arena vendors have their presence in the US and are leveraging advanced technology to offer a better and more linked arena for their viewers. For instance, Cisco and Hollywood Park went into a collaboration that forms the innovation leader as the IT network services partner of SoFi Stadium and Hollywood Park.Key gamers in the sports innovation market include IBM(United States ), Ericsson(Sweden), Cisco(US ), Fujitsu( Japan), Huawei (China ), Intel( United States), SAS Institute( US), SAP( Germany), Oracle (United States), NEC Corp.( Japan), Sharp Corp.(Japan), Samsung Electronics(South Korea), Fitbit (United States), Apple Inc. (United States ), Garmin Ltd.(United States), Xiaomi Corp.(China)Sony Group Corp.(Japan), Panasonic Corp.(Japan ), Modern Times Group(Sweden), Activision Blizzard (United States), Tencent Holdings Ltd. (China), Catapult(Australia), and Zebra Technologies (United States). The majority of the leading companies have actually adopted partnerships and acquisitions as essential techniques to enhance their revenues in the sports technology market.Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=104958738!.?.!Browse Adjacent Market: Semiconductor and Electronics Marketing Research Reports & Consulting Related Reports: Building Automation SystemMarket by Offering (Facility Management Systems, Security &Gain access toControls, Fire Protection Systems, BEM Software Application, BAS Provider), Communication Innovation (Wireless, Wired), Application and Region-Global Forecast to 2027 Enhanced Truth and Virtual Truth Market by Innovation Type(AR: Markerless, Marker-base; VR: Non-Immersive, Semi-immersive and Fully Immersive Technology), Gadget Type, Offering, Application, Enterprise, and Geography -Worldwide Projection to 2027 Augmented Reality Market by Gadget Type(Head-mounted Display, Head-up Show), Offering(Hardware, Software), Application(Consumer, Commercial, Health Care), Technology, and Location-Global Forecast to 2026 Esports
Market by Profits Streams(Media Rights( Subscription & Online Ad), Tickets and Product, Sponsorship & Direct Advertisement, and Publisher Costs), and Geography (North America, Europe, APAC, and RoW)-International Forecast to 2023 Sports Optic Market by Products (Telescopes, Binoculars,
Rangefinders, And Riflescopes), Games(Shooting Sports, Golf, Water Sports, Wheel Sports, Snow Sports, Horse Racing), and Location(The United States And Canada, Europe, Apac, Row)-Worldwide Projection to 2024 About MarketsandMarkets ™ MarketsandMarkets
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