The market scope includes wearable technology (also known as wearable devices) used by athletes and sports teams. Similar to consumer wearables, sports wearables frequently include tracking data for fitness and health. Sports wearables integrate with other analytical tools to deliver insights that may be used to boost productivity and plan for the future. These wearable devices feature tiny motion sensors to collect data and sync with mobile devices.
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Data Bridge Market Research analyses that the Wearable Devices in Sports Market which was USD 79.94 billion in 2021, would rocket up to USD 212.67 billion by 2029, and is expected to undergo a CAGR of 13.01% during the forecast period 2022 to 2029. The arrival of major companies, portable and convenient usage, increased healthcare awareness, the skyrocketing cost of manufacturing, and technological advancements are some of the factors impacting wearable devices in the sports industry. These crucial elements have facilitated the use of wearable technology. Customers favor wearable gadgets like activity trackers, smartwatches, and smart clothes due to their many benefits, including portability and the most cutting-edge technological improvements.
The increasing health consciousness among the individuals across the world will drive the market's growth rate
As people's awareness of their health has increased, sports-related gadgets like shot trackers, pedometers, and smart cameras have become increasingly popular. For tracking everyday activity, these devices provide daily statistics. Among wearable technology, smart watches and fitness trackers have recently risen to prominence. smart watches, fitness trackers, and Bluetooth-enabled cameras are examples of recent technological breakthroughs.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software), Product Type (Pedometers, fitness and Heart Rate Monitors, Smart Fabrics, Smart Camera, Shot Trackers, Others), Site (Headband, Handheld, Arm and Wrist, Clip, Shoe Sensor, Others), Application (Step Counts, Calorie Burnt, Heart Rate Monitoring, Sleep Tracking, Others), End User (Sports Centers, Fitness Centers, Homecare Settings, Others), Distribution Channel (Independent Retail Store, Hypermarket/Supermarket, Brand Store, Online Sale Channel)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Apple Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Fitbit Inc. (U.K.), Nike, Inc. (U.S.), Under Armour, Inc (U.S.), Koninklijke Philips N.V. (Netherlands), Zepp Health corporation (China), StretchSense a Sensor Holdings Limited company (U.S.), Catapult (U.S.), Withings (France), Guangdong Transtek Medical Electronics Co., Ltd (China), Abbott (U.S.), Medtronic (Ireland), Apple Inc. (U.S.), Virtual-Realties, LLC (U.K.), Google LLC (U.S.), adidas India Marketing Pvt. Ltd (Germany), Xiaomi (China), Sony Corporation (Japan), Garmin Ltd. (U.S.), Honeywell International Inc. (U.S.), LG Electronics (South Korea) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
Global wearable devices in sports market is categorized into six notable segments based on component, product type, site, application, end user and distribution channel.
The sports centers segment will dominate the end user segment of the wearable devices in sports market
The sports centers segment will emerge as the dominating segment end user segment. This is because of the growing number of sports centers in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
The independent retail store segment will dominate the distribution channel segment of the wearable devices in sports market
The independent retail store segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the healthcare industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Apple Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Fitbit Inc. (U.K.), Nike, Inc. (U.S.), Under Armour, Inc (U.S.), Koninklijke Philips N.V. (Netherlands), Zepp Health corporation (China), StretchSense a Sensor Holdings Limited company (U.S.), Catapult (U.S.), Withings (France), Guangdong Transtek Medical Electronics Co., Ltd (China), Abbott (U.S.), Medtronic (Ireland), Apple Inc. (U.S.), Virtual-Realties, LLC (U.K.), Google LLC (U.S.), adidas India Marketing Pvt. Ltd (Germany), Xiaomi (China), Sony Corporation (Japan), Garmin Ltd. (U.S.), Honeywell International Inc. (U.S.), LG Electronics (South Korea).
Market Development
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
North America is the dominant region in wearable devices in sports market during the forecast period 2022 to 2029
The majority of the market was in North America. Major market players, portable and comfortable usage, increased healthcare awareness, manufacturing costs, and technological advancements influence the North American market. These crucial elements have advocated for the use of wearable devices in sports in the region.
Asia-Pacific is estimated to be the fastest growing region in wearable devices in sports market the forecast period 2022 to 2029
Over the forecast period, Asia-Pacific is anticipated to grow at a profitable pace. Wearable devices, such as activity trackers, smartwatches, and bright clothing, are popular among customers due to their numerous benefits, portability, and maximum current and superior technological advancements.
COVID-19 Impact
The COVID-19 outbreak hurt the companies' sales. Lockdowns caused by the COVID-19 outbreak delayed people seeking medical attention, reducing the number of tests performed and reagent sales. However, as governments gradually relax travel restrictions, the number of people taking tests is increasing. Since the COVID-19 pandemic, dealing with infectious diseases has become a major medical concern all over the world. Aside from vaccines and therapeutic medications, there is a growing demand for more precise and simple testing technologies, as well as testing structure expansion.
For more detailed information about the wearable devices in sports market, visit: https://www.databridgemarketresearch.com/reports/global-wearable-devices-in-sports-market
Global Wearable Devices in Sports Market – Industry Trends and Forecast to 2029
Europe Wearable Devices in Sports Market – Industry Trends and Forecast to 2028
Asia-Pacific Wearable Devices in Sports Market – Industry Trends and Forecast to 2028
North America Wearable Devices in Sports Market – Industry Trends and Forecast to 2028
Middle East and Africa Wearable Devices in Sports Market – Industry Trends and Forecast to 2028