Sports Technology Market
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<strong>Sports</strong> <strong>Technology</strong> <strong>Market</strong> Technological<br />
breakthroughs By 2025<br />
The world of sport is persistently changing over the years, and the use of technology is just one<br />
of those areas that has made an impact on many sports. <strong>Technology</strong> has impacted every corner of<br />
society and every industry--from healthcare, to government, education, business, and sports. The<br />
use of technology in sports has grown a lot within performance enhancement, injury prevention,<br />
injury recovery and athletes’ health maintenance <strong>Sports</strong> <strong>Technology</strong> <strong>Market</strong>.<br />
<strong>Technology</strong> gathers data about every second of the game, which can be analyzed to boost talent,<br />
health management as well as coaching – the three factors which matters most in sport.Athletic<br />
health monitoring through modern <strong>Sports</strong> <strong>Technology</strong> <strong>Market</strong> such as heart rate monitors,<br />
pedometers and body fat monitors, is a greater depended knowledge of the human body. There<br />
are fitness bracelets like Fitbit, smart watches, GPS watches and many more devices on the<br />
market for monitoring health parameters. Participant safety at all times has been made possible<br />
through the development of certain sporting equipment, such like mouthpieces and helmets, with<br />
built-in technology that collects biomechanical data to gather information about brain injuries.<br />
There are even smart socks that use textile pressure sensors to evaluate the likelihood of a<br />
running injury. Ranging from nutrition to the treatment of injuries, as the knowledge of the<br />
human body has deepened over time, an athlete's potential has been increased. <strong>Technology</strong><br />
advancement is applied not only to an athlete's health but also to athlete's technique, or<br />
equipment's characteristics.<br />
Team and individual fitness and sports activities are growing significantly across the globe. With<br />
a significant rise in celebrity endorsements for fitness and other technological sportswear, the<br />
global market for <strong>Sports</strong> <strong>Technology</strong> <strong>Market</strong> is expected to rise at a significant momentum.<br />
Many sporting activities require high level of visual skills which in turn process and transmit<br />
information at high speeds through a process which is known as parallel pathways. The recently<br />
developed technology called Hawk-Eye technology, is the name of a computer and camera<br />
system which traces a ball's trajectory which is used in international cricket, tennis and rugby.<br />
The analysis of sport performance provided by Hawkeye has greatly enhanced the sports<br />
technology market by increasing spectator's knowledge and involvement.<br />
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People are indulging in various activities to maintain mental and physical health due to the<br />
increased awareness about the benefits of sports and outdoor games. This in turn, is driving the<br />
expansion of the sports technology market. Furthermore, the emergence and spread of new and<br />
indigenous sports across regions is further expected to bode well for the growth of the market in<br />
the coming years. <strong>Technology</strong> eliminating human error, maximizing injury prevention and
growing opportunities to improve are the factors driving the extensive growth of market in<br />
coming years. However, high cost of technology for various types of sports equipment threatens<br />
distribution to all the participants in several developing and underdeveloped countries is most<br />
likely to hinder the growth of the market at present. In addition to this, time required to review<br />
sports through technology such as replays is also a key restraint for the market growth.<br />
The global market for sports technology market is segmented on the basis of application, sports<br />
type and geography. Based on the application type, the market is segmented into fan insights &<br />
engagement analysis, team management analysis, business operations analysis, video analysis,<br />
injury and health assessments, and others. The sports type segment covers team/group sports and<br />
individual sport. The team sports include various leading sports namely, American Football,<br />
Association Football, Cricket, Hockey, Baseball, Basketball, and Others. Moreover, on the basis<br />
of geography the global market is classified into North America, Europe, Middle East and Africa,<br />
Asia Pacific and South America.<br />
During the forecast period, Asia Pacific is expected to show a significant growth trajectory for<br />
sports technology products. This is due to the increasing number of sports activities and<br />
increasing consumer awareness in this region.<br />
Some of the major players are Catapult <strong>Sports</strong>, SportRadar, Apple, V.F. Corporation, DuPont,<br />
BASE SE, ExxonMobil, Fitbit etc.<br />
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About Us<br />
Transparency <strong>Market</strong> Research (TMR) is a global market intelligence company providing<br />
business information reports and services. The company’s exclusive blend of quantitative<br />
forecasting and trend analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data<br />
sources and various tools and techniques to gather and analyze information.<br />
TMR’s data repository is continuously updated and revised by a team of research experts so<br />
that it always reflects the latest trends and information. With extensive research and analysis<br />
capabilities, Transparency <strong>Market</strong> Research employs rigorous primary and secondary research<br />
techniques to develop distinctive data sets and research material for business reports.<br />
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