$12.6 Billion Worldwide Sports Technology Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, March 19, 2021 /PRNewswire/ -- The "Sports Technology - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Sports Technology estimated at US$ 12.6 Billion in the year 2020, is projected to reach a revised size of US$ 45.8 Billion by 2027, growing at a CAGR of 20.2% over the analysis period 2020-2027.

Smart Stadiums, one of the segments analyzed in the report, is projected to record a 21.6% CAGR and reach US$ 29.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Devices segment is readjusted to a revised 18.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 19.4% CAGR

The Sports Technology market in the U.S. is estimated at US$ 3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 7.8 Billion by the year 2027 trailing a CAGR of 19.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.

Sports Analytics Segment to Record 16% CAGR

In the global Sports Analytics segment, USA, Canada, Japan, China and Europe will drive the 15.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 838.4 Million in the year 2020 will reach a projected size of US$ 2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 5.6 Billion by the year 2027.

Select Competitors (Total 35 Featured):

• Adidas AG
• Apple
• Cisco
• Ericsson
• Fitbit
• IBM
• LG
• NEC
• PlaySight Interactive Ltd.
• Samsung
• SAP SE
• Sony Corporation
• STATS LLC
• STRIVR Labs
• ZEPP

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Global Competitor Market Shares
• Sports Technology Competitor Market Share Scenario Worldwide (in %): 2020E
• Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/nxyysa

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SOURCE Research and Markets

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