Smart Sports Equipment Market to grow by USD 19.15 billion from 2022 to 2027, Adidas AG, ANTA Sports Products Ltd., BRG Sports Inc., and more to be key players of the market- Technavio

admin 0 Comments October 3, 2023

NEW YORK, Oct. 2, 2023 /PRNewswire/ — The smart sports equipment market is estimated to grow by USD 19.15 billion from 2022 to 2027, growing at a CAGR of 22.12%. The smart sports equipment market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer smart sports equipment market are Adidas AG, ANTA Sports Products Ltd., BRG Sports Inc., Callaway Golf Co., DribbleUp Inc., EGYM Inc., HYGEAR Inc., InfomotionSports, JingleTek Co. Ltd., Kinexon GmbH, Mizuno Corp, Nike Inc., PUMA SE, Spektacom Technologies Pvt Ltd, Stag International, STATSports Group Ltd., Under Armour Inc., WHOOP Inc., Zepp Health Corp., and Sports Tech Solutions Pte. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying

Company Offering:

Adidas AG: The company offers smart sports equipment such as miCoach smart ball.
ANTA Sports Products Ltd. – The company offers smart sports equipment such as Wilson X Connected Football.
BRG Sports Inc. – The company offers smart sports equipment such as smarter football through its brand, Riddell.
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By Geography, the market is classified as North America, APAC, Europe, South America, and Middle East and Africa. North America will have the largest share of the market.

North America is estimated to account for 35% of the global market during the forecast period. In the region, the US and Canada are the top buyers of smart sporting equipment. Sports organizations, federations, and clubs promote the use of IoT technology and connected devices like smart basketballs, soccer balls, and golfers. The market is driven by the growing demand for digitized sports devices such as the Wilson X-connected football and various sports analytics platforms from the US sports industry. Such factors are expected to drive the global smart sporting goods market growth in the region during the forecast period.

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Impactful driver- Increased emphasis on the Internet of Things
Key Trend – Increased demand for neurostimulation
Major Challenges – The premium pricing of smart sports equipment

Market Segmentation

The market share growth by the offline segment will be significant during the forecast period.

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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