DUBLIN–(Company WIRE)–Nov 20, 2020–
The “Sports Technology Marketplace Forecast to 2027 – COVID-19 Effects and World-wide Analysis by Ingredient and Technology” report has been added to ResearchAndMarkets.com’s presenting.
Expanding attractiveness of esports, mounting demand from customers for a relaxed activity viewing knowledge, and rising integration of social media with stadium technological innovation are the main factors driving the progress of North American sporting activities technological innovation current market.
Asia Pacific is expected to increase at the greatest CAGR all through the forecast period of time. The adoption of athletics technologies in APAC is majorly pushed by penetration of web and cloud technology, emergence of specialist leagues, and sports digitalization. There are important sporting activities leagues and active participants in athletics, these types of as cricket, hockey, badminton, and athletics, as properly as esports in India, China, Australia, Pakistan, Sri Lanka, and Bangladesh. China is the major esports market in APAC.
The use of sports activities technologies to boost spectator practical experience and stadium operations positively impacts the industry development. Specialist athletics bodies have adopted new and innovative technologies, these kinds of as electronic signage, good stadiums, sports activities details analytics, and wearable devices.
Thanks to the proliferation of sporting situations, sensible stadium is one particular of the significant tendencies globally. Additionally, the escalating range of massive prize pool situations and the ever-raising variety of athletics leagues throughout created and rising economies deliver market gamers numerous lucrative possibilities.
Due to the existence of a minimal variety of players, the sector is consolidated in character. To acquire impressive systems and keep their situation in the market place, players make significant investments in study and advancement functions. For instance, Fitbit, Inc. a global provider of wearables, collaborated with Google LLC in April 2018 to accelerate digital health and fitness and wearables innovation. Even so, the US athletics leagues began suspending their seasons in early March 2020 owing to COVID-19 pandemic.
Mandatory social distancing has significantly impacted the worldwide sports marketplace. For millions of admirers, dwell sports have taken the largest strike, by shutting down game titles and ending broadcasts. Limitations on sports activities occasions and mass gatherings in most of the international locations are predicted to impact the expansion of sporting activities industry, which minimizes the adoption of sports technology among close buyers, this sort of as , coaches, golf equipment, leagues, and sports associations. The aspects talked about over are predicted to impede current market development in 2020 and mid-2021.
Impact of COVID-19 on North American Sporting activities Technology Industry
North America is a significant industry for the progress of different sports activities relevant answers & solutions owing to the existence of made nations around the world this kind of as the US and Canada in this area. Presently, US is the world’s worst afflicted state due to COVID-19 outbreak with highest selection of confirmed instances and deaths, as for each the recent WHO stats.
The higher range of COVID circumstances have resulted in a unfavorable affect on country’s and region’s overall economy and there has been a decrease in all round small business activities and development of various industries functioning in the area. Formulated nations around the world these as the US are main markets for the advancement of athletics know-how market place and the ongoing interruptions in the advancement of sports activities sector thanks to cancellations and postponement of many huge sports activities thanks to COVID-19 outbreak are influencing the income of key current market players running in the North The usa area.
Some of the significant US sports activities leagues have suspended their seasons scheduled to take place in 2020 and mandatory social distancing is more aggravating the damaging affect on the US athletics industry. Key League Soccer, Key League Baseball, Women’s Countrywide Basketball Association, and United States Women’s Open Championship are some of the organizations and functions that have been postponed/cancelled owing to the pandemic.
The slowdown in North American sports field is also ensuing in monetary worries for groups, clubs, leagues, and sporting activities organizers present in the region. Consequently, the ongoing COVID-19 disaster and critical predicament in the US is anticipated to affect the sports know-how industry progress in North The usa location in a negative manner for at the very least for the upcoming couple of quarters.
Crucial Subject areas Coated:
2. Vital Takeaways
3. Study Methodology
4. Sports activities Technological innovation Market Landscape
4.1 Current market Overview
4.2 PEST Evaluation
4.3 Ecosystem Evaluation
4.4 Professional Impression
5. Athletics Technological know-how Sector – Critical Marketplace Dynamics
5.1 Marketplace Drivers
5.1.1 Rising Acceptance of Wearable Products by Athletes
5.1.2 Increasing Investments in Athletics Marketplace
5.2 Market Restraints
5.2.1 Higher Upfront Prices and Spending plan Constraints
5.3 Marketplace Alternatives
5.3.1 Artificial Intelligence (AI) and Internet of Issues (IoT) to Deliver Progress Opportunities to Athletics Technology Sector
5.4 Upcoming Trends
5.4.1 Onset of Virtual Fact (VR) and Augmented Realty (AR) in Sports
5.5 Impression Evaluation of Drivers and Restraints
6. Sports activities Technological know-how Current market – Worldwide Examination
6.1 Global Athletics Technological innovation Market place Overview
6.2 Athletics Technologies Marketplace – Earnings and Forecast to 2027 (US$ Million)
6.3 Market place Positioning – 5 Important Players
7. Athletics Technology Current market Evaluation – By Part
7.2 Sports Technologies Marketplace, By Component (2019 and 2027)
7.3.2 Components: Sports Engineering Market place – Income and Forecast to 2027 (US$ Million)
7.4 Software program
7.5 Products and services
8. Sports Know-how Current market Assessment – By Engineering
8.2 Athletics Technology Sector, By Technology (2019 and 2027)
8.3 Monitoring Procedure/Hawk-Eye Technology
8.3.2 Tracking Process/Hawk-Eye: Athletics Know-how Sector- Profits and Forecast to 2027 (US$ Million)
8.4 Broadcast Know-how
8.5 Virtual Actuality
8.6 Wearable Technological innovation
9. Athletics Know-how Marketplace – Geographic Examination
10. Sports Know-how Industry- COVID-19 Influence Evaluation
11. Business Landscape
12. Business Profiles
12.1 Key Details
12.2 Enterprise Description
12.3 Merchandise and Services
12.4 Fiscal Overview
12.5 SWOT Investigation
12.6 Essential Developments
- ATO-Gear B.V.
- Catapult Group Global Ltd
- ChyronHego Corporation
- EON Actuality
- TrinityVR, Inc.
- ROTXX, INC.
- Hawk-Eye Innovations Ltd.
- STATSports Team
- Strivr Labs, Inc.
- Zebra Systems Corporation
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PUB: 11/20/2020 05:13 AM/DISC: 11/20/2020 05:13 AM