Golf Sticks in Smart Sports Equipment Market to Grow During the Forecast Period
The
increasing demand for tracking devices, rising influence through social media
platforms, and rapid adoption of internet-of-things are the leading factors
driving the global smart sports equipment market during the projected period.
According to
TechSci Research report, “Smart Sports Equipment Market – Global Industry
Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The global market for smart
sports equipment is expected to expand significantly during the forecast period
due to the growing need for smart sports equipment to measure athletes'
performance. In addition, increased use of wearable devices and the integration
of innovative technology in sporting goods are predicted to accelerate market
revenue growth over the forecast year significantly.
Smart sports equipment is a
type of device used to track, collect, and analyze data on athletes'
performance. Numerous smart sport features are digitally connected to the
sports equipment, including accelerometers, Bluetooth connectivity, and motion
sensors. The rapid adoption of IoT and the growing emphasis on improving
sportsperson safety are the main drivers of the global market for smart sports
equipment. IoT is a cost-effective technology that enables machine-to-machine
(M2M) communication, delivers automation, gives accurate information without
human interaction, monitors accurate data, and saves significant time. The
potential of smart sports equipment to provide users with personalized feedback
is expected to boost the market growth. Additionally, consumers' increased
attraction to sports as a way of life has grown along with their increased
health consciousness, which is anticipated to promote market expansion.
The advancement of different
athletic equipment, such as cricket bats, tennis rackets, ball games, golf
clubs, etc., that helps to monitor motion using vibration sensors can be used
to identify data for every shot. These technological advancements in the sports
equipment sector have increased the demand for smart sports gear, drawing a
sizable customer base to various sports and fueling market expansion.
The sports industry is
evolving as a result of the essential integration of digital technology and
innovation. The population's fast shifting lifestyle, which is fueled by
technology, is assisting in boosting the overall sales of smart sports
equipment. Due to students' declining physical health over time, smart sports
equipment will eventually be utilized in schools physical education
programs at schools and universities.
In addition, the sports
industry has begun implementing IoT to produce smart sporting goods. These
tools make it easier for amateurs and experts to keep track of, monitor, and
evaluate their performance. For instance, Adidas created smart football with
IoT integration for the German national football team, by which spin, speed,
strike, and flight direction were detected by the IoT sensors included in the
ball. Additionally, the IoT-based smart ball app aids in monitoring players'
performance and allows the app users to analyze diagnostics. As a result, the
market for smart sports equipment is expanding quickly due to the extensive use
of IoT.
The provision of quick
courses and programmes by academic institutions and governmental organizations
to encourage the popularization of technology in the sports sector is
anticipated to give great momentum to the target product in the forecast period.
Additionally, the audience is becoming more active in sports as a result of
having access to 24/7 sports news and updates driven on by the development of
new social media platforms, which will have an effect on the future growth
trajectory of sales of smart sports equipment.
Due to the growing popularity
of Wi-Fi compatible smart golf clubs and sticks, they offer realistic training
and playing experience, dominating the market for smart sports equipment. These
smart golf clubs allow novice and experienced golfers to get better practice
equipment quickly. The popularity of golf among consumers is anticipated to
increase, which will benefit the use of smart equipment like golf sticks.
Browse over xx market data
Figures spread through xx Pages and an in-depth TOC on the "Global SmartSports Equipment Market."
The global smart sports
equipment market is segmented into residential, and sports clubs based on end
users. The demand for sports clubs is increasing owing to the rising number of
sports clubs and professional athletes in different countries.
Key market players in the smart
sports equipment market include:
- Golfsmith International
Holdings, Inc.
- HockeyShot Inc.
- Zepp Labs, Inc.
- DribbleUp, Inc.
- Gridiron Technologies LLC
- Under Armour, Inc.
- MIZUNO Corporation
- BRG Sports Inc
- Riddell, Inc.
- Amer Sports Corporation
Owing to the rising number of competitors in the
smart sports equipment market, different companies are taking several measures
to survive. For instance, Riddell, Inc. announced its collaboration with Oakley
in 2021 to offer innovative technology and on-field sporting goods. With this,
the company looks forward to expanding its business in various countries.
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" The
rising number of professional athletes worldwide, the growing popularity of
smart tracking devices for better tracking and recognizing the key areas where
the athlete has to work, and the increasing number of professional sports clubs
and professional athletes which are preparing to take part in national and
international games will influence the global smart sports equipment market
demand.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Smart
Sports Equipment Market Segmented By Product Type (Balls, Golf Sticks, Hockey
Sticks, Rackets and Bats), By End User (Residential, Sports Club), By
Distribution Channel (Exclusive Stores, Specialty Stores, Online, Others
(Direct Sales, Distributors), By Region, Competition, Forecast &
Opportunities, 2018-2028F”
has evaluated the future
growth potential of smart sports equipment market and provides statistics and information on market structure, size, share,
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in smart sports
equipment globally.
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