This report describes the global market size of Sports Technology from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 20.8% from 2023 to 2030.
Sports technologies are artificial means created by humans to further interests or objectives pertaining to a specific sport. Athletes use technology in sports as a technical way to improve their training and competing environments in an effort to increase their overall athletic performance.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Sports Technology estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 20.8% during the forecast period 2023-2030. North American market for Sports Technology is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of % during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
Middle East and Africa
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Sports Technology as well as some small players. The information for each competitor include:
Main Business Information
Sales Volume, Revenue, Price and Gross Margin
Analytics & Statistics
The smart stadium segment accounted for over 53.2% of the total revenue share in 2022 due to the increased popularity of these smart stadiums and their numerous advantages for both owners and customers, including ticket management, seat upgrades, crowd management, closet bathroom lines, social media updates, Wi-Fi networks, food ordering, merchandise sales, smart lighting, integrated security systems, and emergency response management, . In order to provide a comprehensive experience around the event, a number of stadiums are being transformed into smart stadia. These stadiums will address a range of aspects like operational efficiency, improved security, and smart parking.
The revenue share of the football market, which was 14.5% in 2022, is expected to increase significantly over the projected period. Football has become more well-liked in nations like the United States, Russia, and Mexico. For the 2022 FIFA World Cup, FOX Sports and its streaming services reported a record viewership of 16,783,000.
A strong CAGR of almost 20% is anticipated for cricket during the projection period. South Asian nations such as India, Pakistan, and Bangladesh are huge fans of cricket.
By End User
The popular leagues' greater use of technological solutions to support precise decision-making and enhance fan experience resulted in the sports leagues segment capturing a revenue share of over 43.5% in 2022. For instance, goal-line technology, semi-automated offside technology, Video Assistant Refree technology, etc. are some of the popular technologies utilised in football. During the FIFA World Cup 2022 in Qatar, the semi-automated offside technology was used in football for the first time. This technology collects information about the ball and the players at a rate of 50 times per second from cameras positioned around the pitch.
Middle East & Africa
Due to the existence of various sports leagues, such as the Premier League, English Football League, and LaLiga, Europe accounted for about 27.0% of revenue share in 2022 and is predicted to expand significantly over the following years. Additionally, growing investments in these sports leagues are benefiting the market outlook.
Cisco Systems, Inc.
HCL Technologies Limited
Modern Times Group MTG
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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