What Has Been the Progress and Growth of the Smarts Sports Equipment Market in Recent Years?
The smarts sports equipment market has seen considerable growth due to a variety of factors.
• In recent years, the smart weapons market has seen significant expansion. The market, valued at $16.19 billion in 2024, is expected to swell to $17.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%.
The historical growth can be linked to factors such as burgeoning involvement in sports, enhanced understanding of health and wellness, development of e-commerce, higher rates of internet accessibility, and the surge in eSports.
What Can Be Expected from the Smarts Sports Equipment Market in the Coming Years?
The smarts sports equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for smart weapons is anticipated to experience significant expansion in the near future. It is projected to reach $24.52 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%.
This surge during the forecast period can be ascribed to the escalating demand for fitness and athletic performance tracking, increase in disposable income, growing involvement in leisure activities, and economic growth. The forecast period is marked by key trends such as health monitoring wearables, the application of augmented reality (AR) in training, integration of esports and virtual sports, advanced safety features, as well as accessibility and inclusivity.
What Are The Leading Drivers Of Growth In The Smarts Sports Equipment Market?
The growing need for data-based assessment in sports is likely fueling the expansion of the smart sports equipment market. Sensors in sports equipment enable data-driven analytics, contributing to modern coaching strategies, enhancing team performance, and creating successful game plans. This technology lets professional team coaches utilize data science to create highly personalized athlete matchups and strategies for each match and provides a way to identify and analyze player errors via equipment data. With these advanced sports gear, athletes can tackle challenges, improve with each practice session or match by examining the data and increasing efficiency. Forbes, a renowned American business publication, foresees sports analytics generating revenue exceeding $4 billion by 2022, as it offers significant benefits to various sports entities and athletes. Therefore, the escalating need for data-oriented analysis in sports is primarily fueling the smart sports equipment market's growth.
How Are The Segments Defined Within The Global Smarts Sports Equipment Market?
The smarts sports equipment market covered in this report is segmented –
1) By Product Type: Smart Balls, Smart Golf Sticks, Smart Hockey Sticks, Smart Racket And Bats, Others Products
2) By Connectivity Features: Smartphone Synchronization, Wireless Synching, Real Time Data Syncing
3) By Distribution Channel: Franchise Stores, Specialty Stores, Others Stores
4) By End User: Men, Women
Subsegments:
1) By Smart Balls: Smart Footballs, Smart Basketballs, Smart Soccer Balls, Smart Tennis Balls
2) By Smart Golf Sticks: Smart Golf Clubs, Smart Putters, Golf Swing Analyzers
3) By Smart Hockey Sticks: Smart Ice Hockey Sticks, Smart Field Hockey Sticks
4) By Smart Rackets and Bats: Smart Tennis Rackets, Smart Badminton Rackets, Smart Baseball Bats, Smart Softball Bats
5) By Other Products: Smart Fitness Equipment, Smart Wearables, Smart Training Aids
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How Are New Trends Expected To Influence The Growth Of The Smarts Sports Equipment Market?
As the market for intelligent sports equipment grows, emerging trends are forming in order to match the pace of technological advancements linked to the market. A notable recent innovation is the Smart Sensors (Gen3+) created by Arccos Golf, a company based in the United States, in April 2022. Leveraging machine learning and artificial intelligence, Arccos Smart Sensors (Gen3+) offer automatic tracking of golf shots and effectively combines hardware with software for more precise shot location. Over the previous three years, Arccos Data Scientists and Engineers have thoroughly reviewed over 500 million shots from 194 countries that used Arccos sensors. Coupled with the acclaimed Arccos Caddie app, users are presented with Strokes Gained insights for every aspect of their game and each golf club they use.
Who Are the Key Players in the Smarts Sports Equipment Market?
Major companies operating in the smarts sports equipment market include:
• NIKE Inc.
• PUMA SE
• Adidas AG
• Wilson Sporting Goods Co.
• BABOLAT VS S.A.
• HockeyShot Inc.
• Zepp Labs Inc.
• Gridiron Technologies Inc.
• MIZUNO Corporation
• Amer Sports Corporation
• Under Armour Inc.
• InfoMotion Sports Technologies Inc.
• DribbleUp Inc.
• BRG Sports LLC
• EGYM Inc.
• Kinexon GmbH
• Spektacom Technologies Pvt Ltd
• STATSports Group Ltd.
• Callaway Golf Company
• Quattriuum Inc.
• Active Mind Technology Inc.
• ANTA Sports Products Limited
• ASICS Corporation
• Garmin Ltd.
• Catapult Sports Pty Ltd.
• ShotTracker Inc.
• Blast Motion Inc.
• PIQ Sport Intelligence
• KINEXON GmbH
• Stag International Inc.
What Is The Most Dominant Region In The Smarts Sports Equipment Market?
North America was the largest region in the smart sports equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smarts sports equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
