What is the Estimated Market Size and Growth Rate of the Global Smarts Sports Equipment Market?
The smart sports equipment market has shown considerable growth in recent years, growing from $16.19 billion in 2024 to $17.74 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to factors such as rising participation in sports, increased awareness about health and wellness, e-commerce growth, and rise in internet penetration. The smart weapons market is projected to continue its robust growth, reaching $24.52 billion in 2029 at a CAGR of 8.4%. This predicted growth can be attributed to increasing demand for tracking fitness and athletic performance, rising disposable income, rising participation in recreational activities, and economic growth.
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What Are The Key Drivers of The Smarts Sports Equipment Market?
The rise in demand for data-driven analysis of sporting activities is a significant driver for the smart sports equipment market. As sensors increasingly become integrated into sports equipment, coaches and teams can leverage data-driven analytics to create winning strategies, analyze team performance, and identify mistakes made by players in real time.
What Are the Major Segments Within the Global Smarts Sports Equipment Market?
1) By Product Type: Smart Balls, Smart Golf Sticks, Smart Hockey Sticks, Smart Racket And Bats, Others
2) By Connectivity Features: Smartphone Synchronization, Wireless Synching, Real-Time Data Syncing
3) By Distribution Channel: Franchise Stores, Specialty Stores, Others
4) By End User: Men, Women
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Who Are The Key Players In The Smarts Sports Equipment Market?
Major companies operating in the smarts sports equipment market include NIKE Inc., PUMA SE, Adidas AG, Wilson Sporting Goods Co., BABOLAT VS S.A., HockeyShot Inc., Zepp Labs Inc., Gridiron Technologies Inc., MIZUNO Corporation, Amer Sports Corporation, Under Armour Inc., InfoMotion Sports Technologies Inc., DribbleUp Inc., BRG Sports LLC, EGYM Inc., Kinexon GmbH, Spektacom Technologies Pvt Ltd, STATSports Group Ltd., Callaway Golf Company, Quattriuum Inc., Active Mind Technology Inc., ANTA Sports Products Limited, ASICS Corporation, Garmin Ltd., Catapult Sports Pty Ltd., ShotTracker Inc., Blast Motion Inc., PIQ Sport Intelligence, KINEXON GmbH, Stag International Inc.
What Are The Emerging Trends in The Smarts Sports Equipment Market?
Emerging trends in the smart sports equipment market include the development and adoption of advanced technologies like Smart Sensors (Gen3+). Recent advancements, such as the smart sensors developed by Arccos Golf, enable more accurate shot tracking and analysis by leveraging artificial intelligence and machine learning.
Which Region Is Set To Experience Significant Growth In The Smarts Sports Equipment Market?
North America was the largest region in the smart sports equipment market in 2024. On the other hand, Asia-Pacific is expected to be the fastest-growing region during the forecast period.
What Does The Smarts Sports Equipment Market Report 2025 Offer?
The Smarts Sports Equipment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The smart sports equipment refers to equipment’s that are digitally instrumented with sensors, providing real-time analytical details on the user’s behavior and performance. Smart sports equipment offers detailed insight beyond simple metric tracking, providing more precise information about form and performance.
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