Global Golf Launch Monitor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Golf Launch Monitor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A golf launch monitor is a Doppler radar or camera based device. Golf launch monitors provide distance carried, swing speed, ball speed, spin rate, and other flight data.

Market Overview:

The latest research study on the global Golf Launch Monitor market finds that the global Golf Launch Monitor market reached a value of USD 242.7 million in 2022. It’s expected that the market will achieve USD 454.68 million by 2028, exhibiting a CAGR of 11.03% during the forecast period.

Guiding role of national policy

In many countries, Golf Launch Monitor have become popular because of the high consumer price of golf courses due to the restriction of national policies. For example, in China, since 2004, the country has stopped approving golf outdoor land. Because there is not enough space to meet this part of the sports crowd, the demand for Golf Launch Monitor increases. There are also data showing that more than 50% of Korean golfers use or mainly use simulators to practice golf, and 12.5% of the contestants are selected through simulators. The appearance of Golf Launch Monitor has made up for the shortage of Korean physical golf courses, and provided a steady stream of power for the popularization of Korean golf and the growth of talents. Therefore, national policies or golf course factors may have a certain impact on Golf Launch Monitor.

Technical progress

Golf Launch Monitor is a virtual computer game played indoors. The setting is similar to natural golf, including 18 putts. Golf Launch Monitor use powerful computer models to calculate the speed swing of golf clubs with realistic 3D models. It imitates all the rules of natural golf and converts the code into various operations.
Golf Launch Monitor will record every swing angle from body position to grip to contact with the ball. Using video recording and motion sensors, Golf Launch Monitor can help players perform perfect swing actions over and over again, and help players improve their skills. With the progress of technology year by year, Golf Launch Monitor become more and more realistic, and provide golfers with a legal choice to replace real golf.

Region Overview:

In 2021, the share of the Golf Launch Monitor market in South Korea stood at 33.10%.

Company Overview:

GOLFZON is one of the major players operating in the Golf Launch Monitor market, holding a share of 36.70% in 2022.

Segmentation Overview:

By type, Indoor Monitors segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Daily Entertainment, with a market share of 49.96% in 2021.

Key Companies in the global Golf Launch Monitor market covered in Chapter 3:

GOLFZON
Greenjoy
AboutGolf
Ernest Sports
TrackMan
Bravo
Okongolf
Foresight Sports
T-UP
TruGolf
Mevo
Full Swing Golf
SkyTrak
Rapsodo
SG-Golf
Uneekor
Swing Caddy
Optishot

In Chapter 4 and Chapter 14.2, on the basis of types, the Golf Launch Monitor market from 2018 to 2029 is primarily split into:

Indoor Monitors
Outdoor Monitors

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Golf Launch Monitor market from 2018 to 2029 covers:

Training
Daily Entertainment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)