Smart Sports Equipment Market Research Report Defines the Growth and Increasing Size in Global Health Industry through 2017 to 2022

While practice does make one perfect, evaluating the performance of athletes during practice sessions has a determinative influence on their performance at competitive sporting events. Smart sports equipment are pegged to be the next-generation tool for assessing the competitive strength of athletes in the global sports industry. Although, lack of awareness and technological limitations are expected to influence slow penetration of smart sports equipment, globally. The report, compiled by FactMR, provides in-depth analysis of the global Smart Sports Equipment Market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of FactMR’s report is to analyze the global smart sports equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Smart sports equipment manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.

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Monitoring the performance of athletes in practice sessions plays an instrumental role in helping them reach their peak performance goals faster. Sports equipment fitted with sensors can be collectively called as smart sports equipment that facilitate monitoring of athletes across multiple sporting events. Increasing demand for data-driven analysis of sporting activities has a determinative influence on the sales of smart sports equipment. Lack of technological infrastructure in the global sports industry, however, becomes a key barrier for penetration of smart technologies in the field of performance monitoring. Analyzed data has been of greater value, but is mainly affordable for teams backed with high funds and even greater stake of wining big league tournaments. At a macroscopic level, smart sports equipment have found consumers that intend to use these tools not for competitive sporting events, but to gauge their healthy lifestyle and exercising regime on a daily basis. Smart sports equipment are a limited range of sports accessories, products and equipment that are developed on advanced sensor technologies. Sensors attached to these equipment can detect changes in the wearer’s body, collect the data, transfer this to remote or connected device, and facilitate analysis of the user’s performance during a sports activity.

According to FactMR, technological barriers in adoption of smart sports equipment will act as key restraints for expansion of the global smart sports equipment market through 2022. By the end of forecast period, 2017-2022, the global market for smart sports equipment is expected to soar at a sluggish CAGR, raking revenues worth a little over US$ 1,260 Mn.

In terms of products, the global market for smart sports equipment is expected to witness higher sales of smart baseball bats and smart golf sticks. Increasing consumer spending in these two sporting events is expected to play a key role in driving the sales of smart golf sticks and smart baseball bats. Moreover, the demand for sensor-equipped sporting equipment in baseball and golf is gaining traction owing to high reward money for sporting events across these categories, and increasing improvement of participants through data-driven performance analysis. In 2017, global sales of smart baseball bats and smart golf sticks are expected to collectively account for close to 40% share of global smart sports equipment revenues.

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Real-time data analysis of performance of the athletes can guide coaches towards identifying movements or tactics that are lowering the performance levels at particular instants of gameplay. Wearing smart sports equipment and analyzing the data after the gameplay can be less productive than real-time data synching. Technology experts can evaluate more information from the players’ performance, detecting moments of peak performance as well as fatigue. The report projects that by the end of 2022, over US$ 500 Mn worth of smart sports equipment sold in the global market will be equipped with real-time data synching as a key connectivity feature.

Competition Tracking

Under Armour, Inc., NIKE, Inc., Amer Sports Corporation, adidas AG, PUMA SE, Callaway Golf Company, Mizuno Corporation, QUATTRIUUM INC., BABOLAT VS S.A., and Game Golf are key manufacturers of smart sports equipment profiled in the report.

Table of Contents

1. Global Smart Sports Equipment Market – Executive Summary
2. Global Smart Sports Equipment Market Overview

2.1. Introduction

2.1.1. Global Smart Sports Equipment Market Taxonomy

2.1.2. Global Smart Sports Equipment Market Definition

2.2. Global Smart Sports Equipment Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Smart Sports Equipment Market Y-o-Y Growth

2.3. Global Smart Sports Equipment Market Dynamics

2.3.1. Drivers

2.3.2. Restraints

2.3.3. Trends

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors

2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Smart Sports Equipment Market Analysis and Forecast by Product Type

3.1. Global Smart Sports Equipment Market Size and Forecast by Product Type, 2012-2022

3.1.1. Smart Baseball Bat Smart Sports Equipment Market Size and Forecast, 2012-2022

3.1.1.1. Revenue (US$ Mn) Comparison, By Region

3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region

Continued…………………………..

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