Global Sports Technology Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Sports Technology Market 2021 (Includes Business Impact of COVID-19)
Global Sports Technology Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030is a recent report generated by Trusted Business Insights. The global sports technology market report has been segmented on the basis of component type, sports type, application, and region.
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Global Sports Technology Market: Overview


Use of technology in sports proliferates high audience engagement by offering exquisite visualization. On-going trend observed in the global market is increasing use of advanced screening technology in order to offer statistics such as displaying players with past, present, and futuristic statistical data, etc. Use of technology is also made for some thematic applications such as for e-sports, clothing and wearables, coaching and competition analysis, media broadcasting and communications, human/player performance analysis, business transformation by digital offerings, entertainment, sporting facility planning, and many others.


Global Sports Technology Market: Dynamics


Growing need for high TRP ratings in the media and entertainment sector is significantly improving. The strategies are used for audience engagement. Technological advancements in service offering is increasing in todays era. Thus, making it a factor to boost growth of the target market in the near future.

Increasing proliferation of sport related devices with technological advancement is another factor expected to drive growth of the global market.

Moreover, availability of sports data that is generate by various sports event, games, and others is growing demand for data-driven operations and decisions which can help in analyzing a team or player is among some of the major factors expected to bolster market growth globally.

However, high initial investment associated with technological products such as analytic visualization, and budget constraints associated with the sports committee for promotional events are major factors that could restraint growth of the global market.

Complexities and high cost associated with replacement and upgradation of legacy systems and risk associated with technology glitches at live or real-time events are some major challenging factors expected to hamper growth of the target market to a certain extent.


Global Sports Technology Market: Segment Analysis


Among the component type segments, the device segment is expected to register high revenue growth in the global market. Increasing adoption of devices such as wrist wear, AR/VR, smart clothing, and others is boosting high growth of the devices segment in the global market. among the device segments the, camera sub segment is expected to account for high revenue share and support growth of the device segments in the near future.

Whereas, among the application segments, the passive segment is expected to dominate in the global market and register high revenue share in the target market. The passive segment growth if primarily due to increasing need for analytical solutions in decision making scenarios.


Global Sports Technology Market: Region Analysis


The Asia Pacific market is expected to dominate in the global market. High presence of prominent electronic manufacturing players and increasing penetration of smart electronics in countries in this region. Countries such as India and China are expected to contribute high revenue in the global market, owing to increasing sports activities and growing adoption of technological services in Asia Pacific region.

Global Sports Technology Market Segmentation:

Segmentation by Component Type:

  
Device
  
Smart Stadium
  
Services
  
E-sports
  
Sports Analytics

Segmentation by Sports Type:

  
Soccer
  
Tennis
  
Cricket
  
Basketball
  
American Football/Rugby
  
Others (Ice Hockey, Badminton, Golf, Hockey, etc.)

Segmentation by Application:

  
Active
  
Tracking
  
Decision Making
  
Passive
  
Training
  
Analytics and Statistics
  
Tactics and Simulation
  
Game Performance Analysis
  
Team Analysis & Management
  
Injury and Health Analysis


Key Market Players included in the report:


  
Activision Blizzard (US)
  
Apple (US)
  
Catapult Sports (Australia)
  
ChyronHego Corporation
  
Fujitsu (Japan)
  
Garmin (US)
  
HCL Technologies Limited
  
IBM Corporation
  
Infosys Limited
  
LG (South Korea)
  
Modern Times Group (Sweden)
  
NEC (Japan)
  
Oracle (US)
  
Panasonic Corporation
  
Samsung (South Korea)
  
SAP (Germany)
  
Sharp (Japan)
  
Sony Corporation
  
Stats LLC
  
Telefonaktiebolaget LM Ericsson.
  
Tencent (China)