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PUBLISHER: Grand View Research | PRODUCT CODE: 1404952
PUBLISHER: Grand View Research | PRODUCT CODE: 1404952
Smart Sports Wearables Market Size, Share & Trends Analysis Report By Device Type (Smartwatches, Headwear), By Component (Hardware, Software), By Application (Fitness And Activity Tracking), By End-use, By Region, And Segment Forecasts, 2023 - 2030
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Smart Sports Wearables Market Growth & Trends:
The global smart sports wearables market size is estimated to reach USD 4.17 billion by 2030, registering a CAGR of 14.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the impact of wearable technology on the sports industry. It has made it highly seamless and efficient to track player's performance, create effective training plans, and monitor the improvement in players' or teams' performance through data analytics. The increasing number of sports events and tournaments that are significantly promoting public health messages, and increasing physical activity is expected to drive the growth of the market.
The rising awareness among people about health and fitness is increasing the growth of the smart sports wearables industry. It has increased the demand for wearables that can help track physical activities, monitor vital signs, and provide insights into overall well-being. The growing consumer interest in technological solutions for weight management, workout guidance, sleep improvement, heart health monitoring, stress management, etc., is providing lucrative growth opportunities for market expansion.
Several market players are focusing on introducing innovative sports wearables equipped with advanced technologies to gain a competitive edge in the market. In May 2023, Catapult Sports Pty Ltd. launched Vector Core, a highly effective and intuitive athlete monitoring solution that provides data and insights to teams with limited resources that were earlier accessible only to advanced teams. This new wearable device offers a comprehensive set of live metrics and post-session analysis with greater accuracy. The introduction of such innovative solutions is positively influencing the outlook of the market.
Smart Sports Wearables Market Report Highlights:
- Based on device type, the wristwear segment is estimated to record a CAGR of nearly 15.0% from 2023 to 2030 owing to increasing product demand among sports personnel to track their performance as well as individuals seeking to improve their fitness and health
- Based on component, the hardware segment accounted for the largest revenue share of more than 45.0% in 2022 owing to increasing demand for physical sports equipment and gadgets to track the performance of a team or an individual
- Based on application, the fitness & activity tracking segment accounted for the largest revenue share in 2022 owing to growing health consciousness and inclination toward advanced tech gadgets among people
- Based on end-use, the amateur athletes segment is expected to record the highest growth rate of nearly 14.0% over the forecast period owing to increasing demand for sports wearables among these players to track and improve their performance
- North America captured the highest revenue share of around 33.0% in 2022 due to greater consumer inclination toward smart devices and technologically advanced solutions in the region
Product Code: GVR-4-68040-154-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Smart Sports Wearables Market Snapshot
- 2.2. Smart Sports Wearables Market - Segment Snapshot (1/2)
- 2.3. Smart Sports Wearables Market Segment Snapshot (2/2)
- 2.4. Smart Sports Wearables Market - Competitive Landscape Snapshot
Chapter 3. Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenges Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. Macroeconomic Analysis
- 3.5. Smart Sports Wearables Market - Technology Trends
- 3.6. Smart Sports Wearables Market - Covid-19 Impact Analysis
Chapter 4. Smart Sports Wearables Market: Device Type Estimates & Trend Analysis
- 4.1. Device Type Movement Analysis & Market Share, 2022 & 2030
- 4.2. Smart Sports Wearables Market Estimates & Forecast, By Device Type (USD Million)
- 4.2.1. Wristwear
- 4.2.1.1 Smartwatches
- 4.2.1.2 Smart Wristbands
- 4.2.2. Headwear
- 4.2.3. Smart Bodywear
- 4.2.4. Smart Shoes
- 4.2.5. Others
- 4.2.1. Wristwear
Chapter 5. Smart Sports Wearables Market: Component Estimates & Trend Analysis
- 5.1. Component Movement Analysis & Market Share, 2022 & 2030
- 5.2. Smart Sports Wearables Market Estimates & Forecast, By Component (USD Million)
- 5.2.1. Hardware
- 5.2.1.1. Sensors
- 5.2.1.2. Memory
- 5.2.1.3. Battery
- 5.2.1.4. Display
- 5.2.1.5. Others
- 5.2.2. Software
- 5.2.2.1. Operating System
- 5.2.2.2. Device Applications
- 5.2.3. Services
- 5.2.1. Hardware
Chapter 6. Smart Sports Wearables Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2022 & 2030
- 6.2. Smart Sports Wearables Market Estimates & Forecast, By Application (USD Million)
- 6.2.1. Fitness & Activity Tracking
- 6.2.2. Sports & Performance Enhancement
- 6.2.3. Health Monitoring
- 6.2.4. Navigation & Location Tracking
- 6.2.5. Biometric Analysis
Chapter 7. Smart Sports Wearables Market: End-use Estimates & Trend Analysis
- 7.1. End-use Movement Analysis & Market Share, 2022 & 2030
- 7.2. Smart Sports Wearables Market Estimates & Forecast, By End-use (USD Million)
- 7.2.1. Professional Athletes
- 7.2.2. Amateur Athletes
Chapter 8. Smart Sports Wearables Market: Regional Estimates & Trend Analysis
- 8.1. Smart Sports Wearables Market: Regional Outlook
- 8.2. North America
- 8.2.1. North America Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.K.
- 8.3.2.1. U.K. Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
- 8.3.6.1. Spain Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.3.India
- 8.4.3.1. India Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Japan Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Mexico Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa (MEA)
- 8.6.1. Middle East And Africa Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Smart Sports Wearables Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Key Participants
- 9.1.1. Apple, Inc.
- 9.1.2. Sony Corporation
- 9.1.3. Fitbit Inc.
- 9.1.4. Garmin Ltd.
- 9.1.5. Catapult Sports Pty Ltd.
- 9.1.6. Under Armour, Inc.
- 9.1.7. Google LLC
- 9.1.8. Samsung Electronics, Inc.
- 9.1.9. Xiaomi Corporation
- 9.1.10. Huawei Technologies Co., Ltd.
- 9.1.11. Adidas AG
- 9.1.12. ShotTracker Inc.
- 9.1.13. STATS LLC
- 9.1.14. Panasonic Corporation
- 9.1.15. Stretch Sense Limited
- 9.2. Recent Development & Impact, By Key Market Participants
- 9.3. Company Categorization
- 9.4. Participant's Overview
- 9.5. Financial Performance
- 9.6. Product Benchmarking
- 9.7. Company Heat Map Analysis
- 9.8. Company Market Positioning
- 9.9. Company Heat Map Analysis
- 9.10. Strategy Mapping
- 9.10.1. Expansion
- 9.10.2. Mergers & acquisition
- 9.10.3. Collaborations
- 9.10.4. New product launches
- 9.10.5. Research & Development
Product Code: GVR-4-68040-154-8
List of Tables
- Table 1 Smart Sports Wearables Market Revenue Estimates and Forecast, By Device Type, 2018 - 2030 (USD Million)
- Table 2 Smart Sports Wearables Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Million)
- Table 3 Smart Sports Wearables Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 4 Smart Sports Wearables Market Revenue Estimates and Forecast, By End-use, 2018 - 2030 (USD Million)
- Table 5 Recent Developments & Impact Analysis, By Key Market Participants
- Table 6 Key Company Categorization
- Table 7 Company Heat Map Analysis
- Table 8 Key Companies Undergoing Expansions
- Table 9 Key Companies Involved in Mergers and Acquisitions
- Table 10 Key Companies Undergoing Collaborations
- Table 11 Key Companies Launching New Products
- Table 12 Key Companies Undertaking R&D Activities
List of Figures
- Fig. 1 Smart Sports Wearables Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Smart Sports Wearables Market Value, 2022 (USD Million)
- Fig. 10 Smart Sports Wearables - Industry Value Chain Analysis
- Fig. 11 Smart Sports Wearables Market Dynamics
- Fig. 12 Key Market Driver Impact
- Fig. 13 Key Market Restraint Impact
- Fig. 14 Key Market Opportunity Impact
- Fig. 15 Key Market Challenges Impact
- Fig. 16 Smart Sports Wearables Market: Porter's Five Forces Analysis
- Fig. 17 Smart Sports Wearables Market: Macroeconomic Analysis
- Fig. 18 Smart Sports Wearables Market, by Device Type, Key Takeaways
- Fig. 19 Device Type Movement Analysis & Market Share, 2022 & 2030 (USD Million)
- Fig. 20 Smart Sports Wearables Market, by Component, Key Takeaways
- Fig. 21 Component Movement Analysis & Market Share, 2022 & 2030 (USD Million)
- Fig. 22 Smart Sports Wearables Market, by Application, Key Takeaways
- Fig. 23 Application Movement Analysis & Market Share, 2022 & 2030 (USD Million)
- Fig. 24 Smart Sports Wearables Market, by End-use, Key Takeaways
- Fig. 25 End-use Movement Analysis & Market Share, 2022 & 2030 (USD Million)
- Fig. 26 Regional Market Size Estimates & Forecasts, 2022 & 2030 (USD Million)
- Fig. 27 Regional Movement Analysis & Market Share, 2022 & 2030 (USD Million)
- Fig. 28 Key Company Categorization
- Fig. 29 Strategic framework
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