Sports Wearable Tracking System Market Size, Share, Growth, and Industry Analysis, By Type (Satellite, Bluetooth, and RFID), By Application (Tennis, Golf, Football, and Basketball) and Regional Insights and Forecast to 2033

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SPORTS WEARABLE TRACKING SYSTEM MARKET OVERVIEW

Global sports wearable tracking system market size was USD 8.49 Billion in 2024 and market is projected to touch USD 26.15 Billion by 2033, exhibiting a CAGR of 13.2% during the forecast period.

A robust athlete monitoring tool is created when the inertial sensors and sports wearable tracking device are combined. This ensures that important performance decisions are always backed by factual information. Rehab, training recommendations, and performance readiness are a few examples of these crucial performance considerations.

The market for wearables has grown as a result of growing consumer demand, the adoption and spread of better communications protocols, the downsizing of sensor technologies, and other factors. Due to their small size, superior integration technologies, and ability to be integrated into various accessories like clothes, shoes, and eyeglasses, wearables and sensors can be merged into several items of accessories. This factor has augmented the Sports Wearable Tracking System market growth.

COVID-19 IMPACT

Market Growth Obstructed by Pandemic due to Lockdown

The World-wide COVID-19 outbreak has been unparalelled and astonishing, with the market getting an exposure higher-than-predicted demand across all regions contrast to pre-pandemic levels. The drastic  market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Wearable technology in the sports industry had a boost from the COVID-19 epidemic. COVID-19 hastened the development of sports fitness applications by fusing artificial intelligence (AI) technology with physical fitness. Apple added a new sleeping beat per minute (BPM) option to the Cardiogram app, which measures users' heart rates, so that customers with COVID-19 can keep an eye on changes in their heart rates.

LATEST TRENDS

Technological Development to Drive Market Growth

Known by several names such as electronic textiles, smart textiles, smart clothes, or E-textiles, smart fabrics are textiles that possess the ability to detect and respond to their surroundings by either cognitively driven behavior or a predetermined control mechanism. Using cutting-edge technologies, these arrangements assist in keeping an eye on the user's physical health. Because people are becoming more fit, the smart clothing market, which is now in its infancy, is predicted to increase significantly throughout the projection period.

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SPORTS WEARABLE TRACKING SYSTEM MARKET SEGMENTATION

By Type Analysis

Based on type the global market can be categorized into Satellite, Bluetooth, and RFID Monitors amongst which the leading segment is the Vital Signs Monitor.

• Satellite: Satellite tracking tracks the whereabouts of an object or person using satellites in orbit. This can facilitate company operations, increase safety and security, and enhance leisure time activities.

• Bluetooth: Smartwatches, fitness monitors, and wireless earphones are examples of wearables that frequently use Bluetooth to connect wirelessly to smartphones.

• RFID: Precision tracking and monitoring of players' movements is made possible by RFID technology in sports.

By Application Analysis

Based on application the global market can be categorized into Tennis, Golf, Football, and Basketball, Remote Patient Monitoring, and Home Healthcare amongst which the leading segment is the Sports and Fitness.

• Tennis: The three most fundamental tennis strokes—the serve, backhand, and forehand—can be detected and classified by the wearable gadget.

• Golf: A tiny, coin-sized sensor is attached to the end of each golfer's club grip, and they wear a GPS monitoring gadget on their belts.

• Football: Football players may now track and assess their on-field performance with wearable football tracking devices—sophisticated technologies made specifically for this purpose.

• Basketball: The use of biometric sensors, smartwatches, and fitness trackers allows for the real-time tracking of basketball player performance.

DRIVING FACTORS

Various Sports Events Boosts the Market

The market for wearable sports technology has been significantly fueled by the rise in live and virtual sporting events. Wearable technology is becoming even more famous as a medium of tracking performance indicators, enhancing the sporting experience, and giving real-time data. These events include professional and amateur competitions as well as community-based events.

Consumer Awareness to Expand the Market

The emergence of major companies, wearable and comfortable technology, increased healthcare awareness, manufacturing costs that are skyrocketing, and technological advancements are some of the elements that are driving wearable devices in the sports market. Wearable gadget adoption has been aided by these crucial elements.

RESTRAINING FACTORS

High cost  to Impede Market Growth

The high cost of the wearable technology is one of the prominent factors expected to limit the market's growth during the forecast period. The majority of businesses in this industry release their goods under the premium product category, which keeps them out of the reach of many consumers and prevents them from realizing economies of scale.

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SPORTS WEARABLE TRACKING SYSTEM MARKET REGIONAL INSIGHTS

North America Dominating the Market due to Numerous Market Share

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Particularly in the sports sector, the wearables business in North America has grown rapidly in recent years. Wearable technology refers to electronic gadgets, these gadgets have a variety of sensors and technology built in to track and monitor metrics like heart rate, steps taken, distance traveled, and calories burned. There’s a huge demand for the sports weaarbles in this region due to fitness awareness in the region and to have a track of their daily health routine this product is used in abundance in the North America.

KEY INDUSTRY PLAYERS

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Top Sports Wearable Tracking System Companies

• Catapult Sports (Australia)
• Kinexon (U.S.)
• PlayerTek (Ireland)
• JOHAN Sports (Netherland)
• VX Sport (New Zealand)

INDUSTRIAL DEVELOPMENT

May 2023: With solar power choices, Garmin introduced the Edge 540 and 840 series GPS cycle computers to the Indian market for peak performance and training. With features like advanced mapping, dynamic performance insights, solar charging, and more, these new Edge cycling computers provide riders the ability to train more efficiently and make more informed decisions.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.