Global Sports Technology Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global sports technology market attained a value of around USD 18,225.4 million in 2022. Aided by the increasing interest in sports by people worldwide, the market is projected to further grow at a CAGR of 11.21% between 2023 and 2028, to reach a value of USD 33,214.3 million by 2028.
Sports technology refers to the specific technologies that are aimed at enhancing the overall performance of humans in sports using science, data knowledge, and several other devices. These technologies are used for purposes such as performance enhancement and to aid coaches in pinpointing even the smallest mistakes not detectable by bare eyes. Moreover, sports technologies are also widely used by a number of people all across the globe to keep a track of their health and fitness during sports.
Growing bent towards sports by both the viewers and players all across the globe is driving the growth of the sports technology market rapidly. Rising number of viewers along with digital transformations in stadiums and arenas is expected to further fuel the requirement of technology in the sports industry. Several organisations are investing in the development of advance technology which is helps in tracking the performance of the players and also in interacting with the fans, thereby, contributing to the growth of the overall sports technology market.
Artificial Intelligence (AI) is a major factor that is helping in the development of technology in the sports industry as they support management as well as coaching by monitoring health and safety of players. AI has made early detection and treatment of both mental and physical health possible, further fuelling its demand from consumers globally. They usually function with the help of wearable gadgets such as watch or heart rate monitor, among other devices.
Rising number of sports events, both offline as well as online, and growing audience engagement are further contributing to the growth of the sports technology market. Wearable device manufacturers are working on developing new features and insightful data to improve the growth of the market globally. Smart stadiums for various sports such as basketball, badminton, and tennis, are growing rapidly and are considered to be the future of the sports industry.
Market Segmentation
The market can be divided on the basis of sport type, technology, sports, component, application, end use, and regions.
Market Breakup by Sport Type
- Indoor Sports
- Outdoor Sports
- Artificial Intelligence/Machine Learning (AI/ML)
- Internet of Things (IoT)
- Augmented Reality/Virtual Reality (AR/VR)
- Soccer
- Baseball
- Basketball
- Hockey
- American Football/Rugby
- Tennis
- Cricket
- Golf
- E-Sports
- Others
- Software
Cloud
- Wearable Devices and Sports Equipment
- Services
- Tracking
- Decision Making and Team Analysis and Management
- Analytics and Statistics
- Tactics and Simulation
- Training
- Game Performance Analysis and Injury and Health Analysis
- Coaches
- Clubs
- Leagues
- Sports Associations
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global sports technology market companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Fujitsu Limited
- SAP SE
- Oracle Corporation
- NEC Corporation
- Fitbit LLC
- Apple Inc.
- Garmin Ltd.
- Sony Corporation
- Cisco Systems, Inc.
- Samsung Electronics Co., Ltd.
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
- Catapult Group International Ltd
- Zebra Technologies Corporation
- Stats Perform
- Infosys Limited
- MicroTeam
- Pixellot Ltd.
- Miro AI
- Others
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Industry Opportunities and Challenges
- 8 Global Sports Technology Market Analysis
- 8.1 Global Sports Technology Historical Market (2018-2022)
- 8.2 Global Sports Technology Market Forecast (2023-2028)
- 8.3 Global Sports Technology Market by Sport Type
- 8.3.1 Indoor Sports
- 8.3.1.1 Market Share
- 8.3.1.2 Historical Trend (2018-2022)
- 8.3.1.3 Forecast Trend (2023-2028)
- 8.3.2 Outdoor Sports
- 8.3.2.1 Market Share
- 8.3.2.2 Historical Trend (2018-2022)
- 8.3.2.3 Forecast Trend (2023-2028)
- 8.4 Global Sports Technology Market by Technology
- 8.4.1 Artificial Intelligence/Machine Learning (AI/ML)
- 8.4.1.1 Market Share
- 8.4.1.2 Historical Trend (2018-2022)
- 8.4.1.3 Forecast Trend (2023-2028)
- 8.4.2 Internet of Things (IoT)
- 8.4.2.1 Market Share
- 8.4.2.2 Historical Trend (2018-2022)
- 8.4.2.3 Forecast Trend (2023-2028)
- 8.4.3 Augmented Reality/Virtual Reality (AR/VR)
- 8.4.3.1 Market Share
- 8.4.3.2 Historical Trend (2018-2022)
- 8.4.3.3 Forecast Trend (2023-2028)
- 8.5 Global Sports Technology Market by Sports
- 8.5.1 Soccer
- 8.5.1.1 Market Share
- 8.5.1.2 Historical Trend (2018-2022)
- 8.5.1.3 Forecast Trend (2023-2028)
- 8.5.2 Baseball
- 8.5.2.1 Market Share
- 8.5.2.2 Historical Trend (2018-2022)
- 8.5.2.3 Forecast Trend (2023-2028)
- 8.5.3 Basketball
- 8.5.3.1 Market Share
- 8.5.3.2 Historical Trend (2018-2022)
- 8.5.3.3 Forecast Trend (2023-2028)
- 8.5.4 Hockey
- 8.5.4.1 Market Share
- 8.5.4.2 Historical Trend (2018-2022)
- 8.5.4.3 Forecast Trend (2023-2028)
- 8.5.5 American Football/Rugby
- 8.5.5.1 Market Share
- 8.5.5.2 Historical Trend (2018-2022)
- 8.5.5.3 Forecast Trend (2023-2028)
- 8.5.6 Tennis
- 8.5.6.1 Market Share
- 8.5.6.2 Historical Trend (2018-2022)
- 8.5.6.3 Forecast Trend (2023-2028)
- 8.5.7 Cricket
- 8.5.7.1 Market Share
- 8.5.7.2 Historical Trend (2018-2022)
- 8.5.7.3 Forecast Trend (2023-2028)
- 8.5.8 Golf
- 8.5.8.1 Market Share
- 8.5.8.2 Historical Trend (2018-2022)
- 8.5.8.3 Forecast Trend (2023-2028)
- 8.5.9 E-Sports
- 8.5.9.1 Market Share
- 8.5.9.2 Historical Trend (2018-2022)
- 8.5.9.3 Forecast Trend (2023-2028)
- 8.5.10 Others
- 8.6 Global Sports Technology Market by Component
- 8.6.1 Software
- 8.6.1.1 Market Share
- 8.6.1.2 Historical Trend (2018-2022)
- 8.6.1.3 Forecast Trend (2023-2028)
- 8.6.1.4 Breakup by Type
- 8.6.1.4.1 On-Premise
- 8.6.1.4.2 Cloud
- 8.6.2 Wearable Devices and Sports Equipment
- 8.6.2.1 Market Share
- 8.6.2.2 Historical Trend (2018-2022)
- 8.6.2.3 Forecast Trend (2023-2028)
- 8.6.3 Services
- 8.6.3.1 Market Share
- 8.6.3.2 Historical Trend (2018-2022)
- 8.6.3.3 Forecast Trend (2023-2028)
- 8.7 Global Sports Technology Market by Application
- 8.7.1 Tracking
- 8.7.1.1 Market Share
- 8.7.1.2 Historical Trend (2018-2022)
- 8.7.1.3 Forecast Trend (2023-2028)
- 8.7.2 Decision Making and Team Analysis and Management
- 8.7.2.1 Market Share
- 8.7.2.2 Historical Trend (2018-2022)
- 8.7.2.3 Forecast Trend (2023-2028)
- 8.7.3 Analytics and Statistics
- 8.7.3.1 Market Share
- 8.7.3.2 Historical Trend (2018-2022)
- 8.7.3.3 Forecast Trend (2023-2028)
- 8.7.4 Tactics and Simulation
- 8.7.4.1 Market Share
- 8.7.4.2 Historical Trend (2018-2022)
- 8.7.4.3 Forecast Trend (2023-2028)
- 8.7.5 Training
- 8.7.5.1 Market Share
- 8.7.5.2 Historical Trend (2018-2022)
- 8.7.5.3 Forecast Trend (2023-2028)
- 8.7.6 Game Performance Analysis and Injury and Health Analysis
- 8.7.6.1 Market Share
- 8.7.6.2 Historical Trend (2018-2022)
- 8.7.6.3 Forecast Trend (2023-2028)
- 8.8 Global Sports Technology Market by End Use
- 8.8.1 Coaches
- 8.8.1.1 Market Share
- 8.8.1.2 Historical Trend (2018-2022)
- 8.8.1.3 Forecast Trend (2023-2028)
- 8.8.2 Clubs
- 8.8.2.1 Market Share
- 8.8.2.2 Historical Trend (2018-2022)
- 8.8.2.3 Forecast Trend (2023-2028)
- 8.8.3 Leagues
- 8.8.3.1 Market Share
- 8.8.3.2 Historical Trend (2018-2022)
- 8.8.3.3 Forecast Trend (2023-2028)
- 8.8.4 Sports Associations
- 8.8.4.1 Market Share
- 8.8.4.2 Historical Trend (2018-2022)
- 8.8.4.3 Forecast Trend (2023-2028)
- 8.8.5 Others
- 8.9 Global Sports Technology Market by Region
- 8.9.1 Market Share
- 8.9.1.1 North America
- 8.9.1.2 Europe
- 8.9.1.3 Asia Pacific
- 8.9.1.4 Latin America
- 8.9.1.5 Middle East and Africa
- 9 Regional Analysis
- 9.1 North America
- 9.1.1 Historical Trend (2018-2022)
- 9.1.2 Forecast Trend (2023-2028)
- 9.1.3 Breakup by Country
- 9.1.3.1 United States of America
- 9.1.3.2 Canada
- 9.2 Europe
- 9.2.1 Historical Trend (2018-2022)
- 9.2.2 Forecast Trend (2023-2028)
- 9.2.3 Breakup by Country
- 9.2.3.1 United Kingdom
- 9.2.3.2 Germany
- 9.2.3.3 France
- 9.2.3.4 Italy
- 9.2.3.5 Others
- 9.3 Asia Pacific
- 9.3.1 Historical Trend (2018-2022)
- 9.3.2 Forecast Trend (2023-2028)
- 9.3.3 Breakup by Country
- 9.3.3.1 China
- 9.3.3.2 Japan
- 9.3.3.3 India
- 9.3.3.4 ASEAN
- 9.3.3.5 Australia
- 9.3.3.6 Others
- 9.4 Latin America
- 9.4.1 Historical Trend (2018-2022)
- 9.4.2 Forecast Trend (2023-2028)
- 9.4.3 Breakup by Country
- 9.4.3.1 Brazil
- 9.4.3.2 Argentina
- 9.4.3.3 Mexico
- 9.4.3.4 Others
- 9.5 Middle East and Africa
- 9.5.1 Historical Trend (2018-2022)
- 9.5.2 Forecast Trend (2023-2028)
- 9.5.3 Breakup by Country
- 9.5.3.1 Saudi Arabia
- 9.5.3.2 United Arab Emirates
- 9.5.3.3 Nigeria
- 9.5.3.4 South Africa
- 9.5.3.5 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Value Chain Analysis
- 12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Company Profiles
- 12.2.1 IBM Corporation
- 12.2.1.1 Company Overview
- 12.2.1.2 Product Portfolio
- 12.2.1.3 Demographic Reach and Achievements
- 12.2.1.4 Certifications
- 12.2.2 Fujitsu Limited
- 12.2.2.1 Company Overview
- 12.2.2.2 Product Portfolio
- 12.2.2.3 Demographic Reach and Achievements
- 12.2.2.4 Certifications
- 12.2.3 SAP SE
- 12.2.3.1 Company Overview
- 12.2.3.2 Product Portfolio
- 12.2.3.3 Demographic Reach and Achievements
- 12.2.3.4 Certifications
- 12.2.4 Oracle Corporation
- 12.2.4.1 Company Overview
- 12.2.4.2 Product Portfolio
- 12.2.4.3 Demographic Reach and Achievements
- 12.2.4.4 Certifications
- 12.2.5 NEC Corporation
- 12.2.5.1 Company Overview
- 12.2.5.2 Product Portfolio
- 12.2.5.3 Demographic Reach and Achievements
- 12.2.5.4 Certifications
- 12.2.6 Fitbit LLC
- 12.2.6.1 Company Overview
- 12.2.6.2 Product Portfolio
- 12.2.6.3 Demographic Reach and Achievements
- 12.2.6.4 Certifications
- 12.2.7 Apple Inc.
- 12.2.7.1 Company Overview
- 12.2.7.2 Product Portfolio
- 12.2.7.3 Demographic Reach and Achievements
- 12.2.7.4 Certifications
- 12.2.8 Garmin Ltd.
- 12.2.8.1 Company Overview
- 12.2.8.2 Product Portfolio
- 12.2.8.3 Demographic Reach and Achievements
- 12.2.8.4 Certifications
- 12.2.9 Sony Corporation
- 12.2.9.1 Company Overview
- 12.2.9.2 Product Portfolio
- 12.2.9.3 Demographic Reach and Achievements
- 12.2.9.4 Certifications
- 12.2.10 Cisco Systems, Inc.
- 12.2.10.1 Company Overview
- 12.2.10.2 Product Portfolio
- 12.2.10.3 Demographic Reach and Achievements
- 12.2.10.4 Certifications
- 12.2.11 Samsung Electronics Co., Ltd.
- 12.2.11.1 Company Overview
- 12.2.11.2 Product Portfolio
- 12.2.11.3 Demographic Reach and Achievements
- 12.2.11.4 Certifications
- 12.2.12 Huawei Technologies Co., Ltd.
- 12.2.12.1 Company Overview
- 12.2.12.2 Product Portfolio
- 12.2.12.3 Demographic Reach and Achievements
- 12.2.12.4 Certifications
- 12.2.13 Panasonic Corporation
- 12.2.13.1 Company Overview
- 12.2.13.2 Product Portfolio
- 12.2.13.3 Demographic Reach and Achievements
- 12.2.13.4 Certifications
- 12.2.14 Catapult Group International Ltd
- 12.2.14.1 Company Overview
- 12.2.14.2 Product Portfolio
- 12.2.14.3 Demographic Reach and Achievements
- 12.2.14.4 Certifications
- 12.2.15 Zebra Technologies Corporation
- 12.2.15.1 Company Overview
- 12.2.15.2 Product Portfolio
- 12.2.15.3 Demographic Reach and Achievements
- 12.2.15.4 Certifications
- 12.2.16 Stats Perform
- 12.2.16.1 Company Overview
- 12.2.16.2 Product Portfolio
- 12.2.16.3 Demographic Reach and Achievements
- 12.2.16.4 Certifications
- 12.2.17 Infosys Limited
- 12.2.17.1 Company Overview
- 12.2.17.2 Product Portfolio
- 12.2.17.3 Demographic Reach and Achievements
- 12.2.17.4 Certifications
- 12.2.18 MicroTeam
- 12.2.18.1 Company Overview
- 12.2.18.2 Product Portfolio
- 12.2.18.3 Demographic Reach and Achievements
- 12.2.18.4 Certifications
- 12.2.19 Pixellot Ltd.
- 12.2.19.1 Company Overview
- 12.2.19.2 Product Portfolio
- 12.2.19.3 Demographic Reach and Achievements
- 12.2.19.4 Certifications
- 12.2.20 Miro AI
- 12.2.20.1 Company Overview
- 12.2.20.2 Product Portfolio
- 12.2.20.3 Demographic Reach and Achievements
- 12.2.20.4 Certifications
- 12.2.21 Others
- 12 Industry Events and Developments
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