Sports Technology Market Size, Share, Trends, Growth 2032

Sports Technology Market Insights

According to a report from Zion Market Research, the global Sports Technology Market was valued at USD 24.68 Million in 2023 and is projected to hit USD 78.01 Million by 2032, with a compound annual growth rate (CAGR) of 13.64% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Sports Technology industry over the next decade.

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Sports Technology Market: Overview

Sports technology has gained humongous popularity in outdoor activities including football, rugby, cricket, and soccer. Apart from this, indoor sports activities are contributing notably towards the sports technology industry growth. The use of sports technology in swimming, badminton, and chess is likely to offer new growth avenues for the market over the estimated timespan.  

Sports Technology Market: Growth Drivers

A prominent surge in the acceptance of wearable equipment by athletes across the globe is set to steer the expansion of sports technology industry over the forecast timeline. The adoption of connected things in the sports activities is anticipated to play a major role in influencing the expansion of sports technology market in the years ahead. Sports technology assists in knowing the injury status of the players and helps the coaches as well as physiotherapists in lessening the pain.

Moreover, the use of artificial intelligence in sports has brought automated ticket sales, raising athlete performance in sports events, enhancing athlete training, and assessing the performance of sportspersons. This, in turn, will steer the expansion of sports technology industry over the assessment timeline. With the onset of augmented reality and virtual reality in sports sector, the market for sports technology is anticipated to gain traction over the period from 2024 to 2032.

Sports Technology Market: Report Scope

Asia Pacific To Register Highest Growth Rate Over 2024-2032

The expansion of sports technology industry in Asia Pacific over the estimated timeline is due to surge in the funding of sports technology in countries like India and China. Additionally, humongous rise in e-sports activities in the region will add notably towards the regional market size over the forecast timeframe. Onset of HD and 3D TV as well as high bandwidth are likely to prompt the market growth trends in the region.

Sports Technology Market: Competitive Analysis

The global sports technology market is dominated by players like:

• Tent
• GSoccerin
• Cisco
• SAP
• Modern Times Group
• Apple
• Sharp
• Oracle
• Activision Blizzard
• IBM
• Sony
• Fujitsu
• Panasonic
• Ericsson
• CJ Corporation
• Fitbit
• Samsung
• LG
• NEC

Global sports technology market segmentation

By Technology

• Smart Stadium
• Device
• Sports Analytics
• Esports

By Sports

• Baseball
• Soccer
• Ice Hockey
• Basketball
• Tennis
• Rugby/American Football
• Esports
• Golf
• Cricket
• Others (Cycling, Swimming)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa