Global Sports Technology Market to Reach $103.2 Billion by 2030
The global market for Sports Technology estimated at US$33.7 Billion in the year 2023, is expected to reach US$103.2 Billion by 2030, growing at a CAGR of 17.3% over the analysis period 2023-2030. Smart Stadiums, one of the segments analyzed in the report, is expected to record a 18% CAGR and reach US$65.1 Billion by the end of the analysis period. Growth in the Devices segment is estimated at 14.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.4 Billion, While China is Forecast to Grow at 16.4% CAGR
The Sports Technology market in the U.S. is estimated at US$10.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.3 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 14.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.
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