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Global Market For Smart Sports Equipment Will Incur A Sluggish Growth, Reaching A Value Of Just Over US$ 1.25 Billion By The End Of 2022

Smart Sports Equipment

Rising demand for active performance analysis in the field of sports has prompted manufacturers towards smart sports equipment. Available sensor technologies can offer a wide range of prototype smart sports equipment, but some companies have been able to offer more detailed improvements in basic smart sports equipment & products. The benefits of smart sports equipment are currently untapped, but many sports experts are showing positive attitude towards their adoption. The largest barrier for growth of global smart sports equipment market is lack of technological support services in sports industry. Players, athletes and coaches from several parts of the world might not necessarily agree to the adoption of smart sports equipment, considering the differing ethics, unclear awareness of smart sports equipment, and lack of technologies that will help them analyze the data easily.

In addition to this, sporting activities are majorly exposed to rough handling, causing a key concern for manufacturers of smart sports equipment containing superficial, fragile sensors. According to a recently published report by Fact.MR, the global market for smart sports equipment will incur a sluggish growth, reaching a value of just over US$ 1.25 Bn by the end of forecast period, 2017-2022.

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Market Taxonomy

Product Type
  • Smart Baseball Bat
  • Smart Golf Stick
  • Smart Tennis Racket
  • Smart Hockey Stick
  • Smart Baseball
  • Smart Soccer Ball
  • Smart Rope
Connectivity Features
  • Smartphone Synchronization
  • Wireless Synching
  • Real Time Data Syncing
Pricing
  • Mid
  • Premium
  • Super-premium

5 Insights on Global Market for Smart Sports Equipment

 

The report has also profiled leading players in the global market for smart sports equipment, which include NIKE, Inc., Under Armour, Inc., Amer Sports Corporation, PUMA SE, QUATTRIUUM INC., Game Golf, BABOLAT VS S.A., Mizuno Corporation, Callaway Golf Company, and adidas AG.

 

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