According to Data Bridge Market Research new Market report, global wearable devices in sports market accounted to USD 31.22 billion in 2018 growing at a CAGR of 15.98% during the forecast period of 2019 to 2026.
Global Wearable Devices in Sports Market
Wearable devices in sports can be defined as the devices which are being used by a sports person or an individual who is doing a particular work out to measure the information on multiple parameters. These devices are designed to analyze physiological data which keep the track of the health & are worn on the body for better assessment & better measurement of performance to improve the overall performance.
Global wearable devices in sports market is segmented on the basis of by component, device type and geography.
By Component (Hardware, Software), Device Type (Pedometers, Activity Monitors, Smart Fabrics, Sports and Running Computers, Fitness and Heart Rate Monitors, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN WEARABLE DEVICES IN SPORTS MARKET
Increasing demand for analyzing the performance parameter for better health
As per the data, the global demand for health & fitness tracker has been increased from 13.5 million units in 2014 to 45 million units 2015. It is nearly an increase of 340% in just one year. This is due to increase in the health concern of the people around the globe & to focus on the parameter where they really need to work on. As these devices measure physiological factor and helps the individual to give the real time information about his fitness on the daily basis.
Few of the major competitors currently working in Wearable Devices in Sports market are StretchSense Ltd., Misfit Inc., Alphabet Inc., Qualcomm Technologies, Inc., Sony Corporation, Jawbone Inc., Lifesense Group, Guangdong BBK Electronics Co., ltd., Xiomi Technology Co., Ltd., Adidas AG, Nike Inc., Under Armor Inc., Fitbit Inc., Apple Inc., Garmin Ltd., Zepp US Inc., Catapult Sports Pty Ltd, & others.
Browse Related Reports:
Global 3D scanner market, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa), By Type (Optical Scanner, Laser Scanner, Structured Light Scanner), Range (Short Range Scanner, Medium Range Scanner, Long Range Scanner), Offering (Hardware & Software, Aftermarket Service), Product (Tripod Mounted, Fixed CMM Based, Portable CMM Based, Desktop), Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation), End-User (Automotive, Healthcare, Aerospace & Defense, Architecture & Construction, Energy & Power, Tunnel & Mining, Artifacts & Heritage Preservation) – Industry Trends and Forecast to 2024
Global digital signage market, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa), By Product (Kiosks, Menu Boards, Billboards, Sign Boards), Offering (Hardware (Displays, Media Players, Projectors, Mounts & Other Accessories), Software, and Services), End-User (Commercial (Retail, Corporate, Healthcare, Hospitality, Government), Infrastructural (Transportation, Entertainment), Institutional (Banking, Education), Industrial) – Industry Trends and Forecast to 2024
Global Wearable Devices in Sports Market– Industry Trends and Forecast to 2026