Smart Sports Equipment Market
Smart Sports Equipment Market By Product Type (Smart Baseball Bat, Smart Golf Stick, Others), By Connectivity Features (Smartphone Synchronization, Wireless Synching, Others), By Pricing (Mid, Premium, Others) & By Region - Global Market Insights 2022 to 2032
Analysis of Smart Sports Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
FREE CustomizationSmart Sports Equipment Market Outlook (2022 to 2032)
The global smart sports equipment market is set to enjoy a valuation of US$ 1,261.7 Million in 2022 and further expand at a CAGR of 2.8% to reach US$ 1,655.1 Million by the end of 2032.
Although, the smart sports goods industry proved to be resilient during the pandemic, use of high-tech baseball bats by end users is expected to contribute more than 50% to the global market growth over the forecast period.
| Report Attributes | Details |
|---|---|
| Smart Sports Equipment Market Size (2021A) | US$ 1,228.7 Million |
| Estimated Market Value (2022E) | US$ 1,261.7 Million |
| Forecasted Market Value (2032F) | US$ 1,655.1 Million |
| Global Market Growth Rate (2022 to 2032) | 2.8% CAGR |
| North America Market Share (2021) | ~27.7% |
| Europe Market Growth Rate (2022 to 2032) | ~2.1% CAGR |
| United States Market Growth Rate (2022 to 2032) | ~2.4% CAGR |
| Market Share of Top 5 Companies | ~24.6% |
| Key Companies Profiled | Callaway Golf Company; Mizuno Corporation; Jingletek; Game Golf; str8bat Sports Tech Solutions; Wilson Sporting Goods; Tangram Factory, inc.; Adidas; Babolat; InfoMotion Sports Technologies |
Sales Analysis of Smart sports equipment (2017 to 2021) vs. Market Forecast Outlook (2022 to 2032)
The indispensable integration of digital technology and innovation is driving the evolution of the sports industry. The rapidly changing lifestyle of the population which is powered by technology is helping to uplift the overall sale of smart sports equipment. Reformation in the utilization of smart sports equipment in physical education programs at schools and universities is imminent owing to the declining physical health of students year by year. This has pushed the demand for smart sports equipment significantly across the globe instigating a market expansion with a compound annual growth rate of 2.7% from 2017 to 2021.
The provision of short courses and programs by educational institutions and government organizations to promote the popularization of technology in sports sector is expected to give great momentum to the target product in the forecast period. In addition, access to 24/7 sports news & updates owing to the emergence of new social media platforms is encouraging the population to increase their participation in sports which in turn will impact the growth trajectory of smart sports equipment sales in the future.
Fact.MR suggests that the global market for smart sports equipment will be valued at US$ 1,655.1 Million by 2032 end posing a CAGR of 2.8% since 2022.
- Short Term (2022 Q2 to 2025): Rising participation in sports will deliver proven opportunities for smart sports equipment market growth during the short term.
- Medium Term (2025 to 2028): Changing preference of the population to use smart sports equipment that helps in delivering precise information about the players’ performance will drive revenue market share of the target market in the medium term.
- Long Term (2028 to 2032): Technological advancements in the sports equipment market have motivated manufacturers to improve their product offerings which will significantly impact the sales of the smarts equipment market during the long-term forecast.
Over the 2017 to 2021 historical period, the global smart sports equipment market registered a CAGR of 2.7%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 2.8% CAGR between 2022 and 2032.
Market share analysis of smart sports equipment based on product type is provided in a nutshell in the above image. Under the product type segment, smart baseball bat segment dominates with 17.9% market share in 2022.
What’s Driving Demand for Smart sports equipment?
“Incorporating Technological Advancements in Coaching Techniques to Uplift the Target Market”
Sporting organizations are investing in talent identification to correctly identify an individual with the potential to become a successful elite player in their respective game. Most of the national and international caliber players typically undergo some form of human performance assessment as a part of their training schedule.
The traditional guesswork which was once involved in sports training is no longer a factor for coaches owing to the emergence of smart sporting equipment. Wearing smart sports equipment has made training athletes more encyclopedic.
Coaches not only get a chance to visualize to what extent a player is working hard but also help them to broaden their knowledge toward which workouts will benefit them the most. Moreover, the availability of tracking sensors embedded in these sports equipment supports the referee’s decision-making during a game. This provides fairer competition without any partiality thereby boosting the interest of the player to perform well.
The growing interest in professional sports is increasing the demand for personalized coaches and scouts. The above-stated reasons for the demand for sports coaching are expected to uplift the market for smart sports equipment across the globe.
“Introduction of Institutional Programs in Reshaping Sports Landscape to Impel the Market Growth”
Technology plays a pivotal role in advancing all domains in the sports sector. Integration of AI in sports provides various beneficial factors like accurate sports performance analysis, time measurement, instant replay booths, measure concussion-related impairment, etc.
Owing to these factors, smart sports equipment is considered a new exciting, cutting-edge new field worldwide. To create awareness and enhancement developing interest in smart sports technology among the youth population, various initiatives are being taken at an institutional level.
It is observed that several universities in Asia and Europe particularly in the United Kingdom, offer courses to their undergraduate students in sports technology. The curricula of such offered programs help to not only create interest in sports sciences but also develop innovative designs in existing high-tech sporting goods.
Hence, offering courses in the field of sports sciences is anticipated to escalate the demand for smart sports good equipment in the coming years.
What Do Smart Sports Equipment Manufacturers Need to Watch Out for?
“Privacy & Security Concerns to Negatively Hamper the Market Expansion’’
Customers who prefer high-end smart sporting equipment are often willing to pay a premium for high-quality products. However, consumers’ lack of trust in smart wearable sporting equipment is due to the fear of possible leakage of personal privacy information and many uncertainties in new products.
The growing counterfeit merchandise poses various challenges to the market players and target population regarding end users’ privacy with their fake, unauthorized goods. Such fake smart sports equipment does not have security or privacy control built in to protect sensitive data transmissions.
A lack of clear awareness and concern about the prevalence of such product counterfeiting will unwittingly leave end users wide open to unauthorized access to their personal information. Without building initial trust among the consumers in their brands selling smart wearable sporting equipment, leading market players will lose their product sales in the forecast period.
Country-wise Insights
Why is Europe Considered to be a Leading Market for Smart sports equipment?
Europe market for smart sports equipment is estimated to value at US$ 369.7 Million in 2022.
Sports is considered to be an important economic sector in Europe. An increasing obsession with outdoor games and the growing number of sports facilities directs tremendous market growth for smart sports equipment in Europe. In addition, the rise in consumer spending on high-tech goods has helped to maintain the growth trajectory of smart sport equipment sales.
Why is North America Expected to be Highly Lucrative for Smart sports equipment Market?
Establishment of various professional sports leagues and proliferation in technology industry among North America economy have opened incremental opportunities for the sales of the target product. In addition, the presence of key players in deep-rooted markets like the U.S. has lured North America to emerge as a lucrative market for smart sports equipment.
According to Fact.MR, changing consumer preference towards online shopping, increase in cross-border e-commerce trade will play a major role in driving market share revenue for smart sports equipment in North America.
Category-wise Insights
Why Smart Baseball Bats are Highly in Demand?
Smart Baseball Bats are anticipated to hold 16.7% of the global market share among product type by 2032.
Baseball is one of the most popular sports played in North America. Smart baseball bats provide real-time quantitative data and training guidance to help all baseball and softball players to improve their performance. Accelerometers that are present in bats can measure bat speed and monitor pitch movement and velocity thereby tracking whether a player has reached their peak performance.
Moreover, the presence of quality training systems in the field of baseball as well as growing health awareness regarding general fitness are expected to boost market growth for smart baseball bats.
Why Real Time Data Syncing Feature is Expected to Lead the Market Growth?
Market share by real-time data syncing segment is anticipated to grow at a CAGR of 3% over the estimated period.
Tech-based performance tracking and analytics in sports are constantly evolving. Identifying movements and strategies of players that lower their performance can be recorded simultaneously by coaches during the game. Referees can leverage the real-time capabilities of smart sporting types of equipment in their decision-making process. For instance, smart footballs can accurately judge the occurrence of offside or expected goals during the game.
Analysis of the game using a real-time data syncing feature will create extensive opportunities for the target market to grow.
Competitive Landscape
Prominent market players manufacturing smart sports equipment are Callaway Golf Company, Mizuno Corporation, Babolat, Adidas, Wilson Sporting Goods and InfoMotion Sports Technologies.
Key players focus on improving their offering by integrating added features like motion sensors, accelerometers, Bluetooth connectivity, etc. that have minimal impact on its usability. In addition, the adoption of various marketing strategies like collaboration and expansion of distribution channels will meet the scope of competition in the sports equipment industry.
- In Jul 2022, Adidas announced that official match ball of FIFA World Cup 2022 would feature their new connected ball technology.
Fact.MR has provided detailed information about the price points of key manufacturers of smart sports equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Smart sports equipment Industry Research
-
By Product Type :
- Baseball Bat
- Golf Stick
- Tennis Racket
- Hockey Stick
- Baseball
- Soccer Ball
- Rope
-
By Connectivity Features :
- Smartphone Synchronization
- Wireless Synching
- Real Time Data Syncing
-
By Price-based :
- Mid
- Premium
- Super-premium
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Value (US$ Million) Analysis and Forecast
- 5. Global Market Analysis and Forecast, By Product Type
- 5.1. Smart Baseball Bat
- 5.2. Smart Golf Stick
- 5.3. Smart Tennis Racket
- 5.4. Smart Hockey Stick
- 5.5. Smart Baseball
- 5.6. Smart Soccer Ball
- 5.7. Smart Rope
- 6. Global Market Analysis and Forecast, By Connectivity Features
- 6.1. Smartphone Synchronization
- 6.2. Wireless Synching
- 6.3. Real Time Data Syncing
- 7. Global Market Analysis and Forecast, By Price Based
- 7.1. Mid
- 7.2. Premium
- 7.3. Super-premium
- 8. Global Market Analysis and Forecast, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. East Asia
- 8.5. South Asia & Oceania
- 8.6. Middle East & Africa
- 9. North America Market Analysis and Forecast
- 10. Latin America Market Analysis and Forecast
- 11. Europe Market Analysis and Forecast
- 12. East Asia Market Analysis and Forecast
- 13. South Asia & Oceania Market Analysis and Forecast
- 14. Middle East & Africa Market Analysis and Forecast
- 15. Country-level Market Analysis and Forecast
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Callaway Golf Company
- 17.2. Mizuno Corporation
- 17.3. Jingletek
- 17.4. Game Golf
- 17.5. str8bat Sports Tech Solutions
- 17.6. Wilson Sporting Goods
- 17.7. Tangram Factory, Inc.
- 17.8. Adidas
- 17.9. BABOLAT
- 17.10. InfoMotion Sports Technologies
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
List Of Table
Table 01: Global Market Value (USD Million) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value (USD Million) and Forecast by Region, 2017 to 2021
Table 03: Global Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 04: Global Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 05: Global Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 06: Global Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 07: Global Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 08: Global Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 09: North America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 10: North America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 11: North America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 12: North America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 13: North America Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 14: North America Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 15: North America Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 16: North America Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 17: Latin America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 18: Latin America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 19: Latin America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 20: Latin America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 21: Latin America Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 22: Latin America Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 23: Latin America Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 24: Latin America Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 25: Europe Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 26: Europe Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 27: Europe Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 28: Europe Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 29: Europe Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 30: Europe Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 31: Europe Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 32: Europe Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 33: East Asia Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 34: East Asia Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 35: East Asia Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 36: East Asia Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 37: East Asia Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 38: East Asia Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 39: East Asia Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 40: East Asia Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 41: South Asia & Oceania Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 42: South Asia & Oceania Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 43: South Asia & Oceania Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 44: South Asia & Oceania Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 45: South Asia & Oceania Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 46: South Asia & Oceania Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 47: South Asia & Oceania Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 48: South Asia & Oceania Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 49: MEA Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 50: MEA Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 51: MEA Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 52: MEA Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 53: MEA Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 54: MEA Market Value (USD Million) and Forecast by Connectivity Features, 2017 to 2021
Table 55: MEA Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
Table 56: MEA Market Value (USD Million) and Forecast by Price Based, 2017 to 2021
List Of Figures
Figure 01: Global Market Value (USD Million) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 03: Global Market Value (USD Million) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (USD Million) by Product Type, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 07: Global Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 09: Global Market Value (USD Million) by Price Based, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 11: North America Market Value (USD Million) Forecast, 2022 to 2032
Figure 12: North America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 13: North America Market Value (USD Million) by Country, 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 15: North America Market Value (USD Million) by Product Type, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 17: North America Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 19: North America Market Value (USD Million) by Price Based, 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 21: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Connectivity Features, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Price Based, 2022 to 2032
Figure 25: Latin America Market Value (USD Million) Forecast, 2022 to 2032
Figure 26: Latin America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 27: Latin America Market Value (USD Million) by Country, 2022 & 2032
Figure 28: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 29: Latin America Market Value (USD Million) by Product Type, 2022 & 2032
Figure 30: Latin America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 31: Latin America Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 33: Latin America Market Value (USD Million) by Price Based, 2022 & 2032
Figure 34: Latin America Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 35: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 37: Latin America Market Attractiveness Analysis by Connectivity Features, 2022 to 2032
Figure 38: Latin America Market Attractiveness Analysis by Price Based, 2022 to 2032
Figure 39: Europe Market Value (USD Million) Forecast, 2022 to 2032
Figure 40: Europe Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 41: Europe Market Value (USD Million) by Country, 2022 & 2032
Figure 42: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 43: Europe Market Value (USD Million) by Product Type, 2022 & 2032
Figure 44: Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 45: Europe Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 47: Europe Market Value (USD Million) by Price Based, 2022 & 2032
Figure 48: Europe Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 49: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 50: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 51: Europe Market Attractiveness Analysis by Connectivity Features, 2022 to 2032
Figure 52: Europe Market Attractiveness Analysis by Price Based, 2022 to 2032
Figure 53: East Asia Market Value (USD Million) Forecast, 2022 to 2032
Figure 54: East Asia Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 55: East Asia Market Value (USD Million) by Country, 2022 & 2032
Figure 56: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: East Asia Market Value (USD Million) by Product Type, 2022 & 2032
Figure 58: East Asia Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59: East Asia Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 60: East Asia Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 61: East Asia Market Value (USD Million) by Price Based, 2022 & 2032
Figure 62: East Asia Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 63: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 64: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 65: East Asia Market Attractiveness Analysis by Connectivity Features, 2022 to 2032
Figure 66: East Asia Market Attractiveness Analysis by Price Based, 2022 to 2032
Figure 67: South Asia & Oceania Market Value (USD Million) Forecast, 2022 to 2032
Figure 68: South Asia & Oceania Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 69: South Asia & Oceania Market Value (USD Million) by Country, 2022 & 2032
Figure 70: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 71: South Asia & Oceania Market Value (USD Million) by Product Type, 2022 & 2032
Figure 72: South Asia & Oceania Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 73: South Asia & Oceania Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 74: South Asia & Oceania Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 75: South Asia & Oceania Market Value (USD Million) by Price Based, 2022 & 2032
Figure 76: South Asia & Oceania Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 77: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 78: South Asia & Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 79: South Asia & Oceania Market Attractiveness Analysis by Connectivity Features, 2022 to 2032
Figure 80: South Asia & Oceania Market Attractiveness Analysis by Price Based, 2022 to 2032
Figure 81: MEA Market Value (USD Million) Forecast, 2022 to 2032
Figure 82: MEA Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 83: MEA Market Value (USD Million) by Country, 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: MEA Market Value (USD Million) by Product Type, 2022 & 2032
Figure 86: MEA Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 87: MEA Market Value (USD Million) by Connectivity Features, 2022 & 2032
Figure 88: MEA Market Y-o-Y Growth Rate by Connectivity Features, 2022 to 2032
Figure 89: MEA Market Value (USD Million) by Price Based, 2022 & 2032
Figure 90: MEA Market Y-o-Y Growth Rate by Price Based, 2022 to 2032
Figure 91: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 92: MEA Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 93: MEA Market Attractiveness Analysis by Connectivity Features, 2022 to 2032
Figure 94: MEA Market Attractiveness Analysis by Price Based, 2022 to 2032
- FAQs -
What is the global smart sports equipment market size?
The global smart sports equipment market is valued at US$ 1,261.7 Million in 2022.
How is the market for smart sports equipment expected to fare going forward?
Worldwide demand for smart sports equipment is anticipated to reach US$ 1,655.1 Million by 2032-end.
How did the market perform over the last few years?
During 2017-2021, sales of smart sports equipment increased at 2.7% CAGR.
Which regional smart sports equipment market accounts for a leading market share?
Europe tops the global smart sports equipment market and will account for 29.3% market share by end of 2022.
Which connectivity feature holds the highest market share?
Real time data syncing will account for 40.9% share of global sales by 2022.
Smart Sports Equipment Market