Global Smarts Sports Equipment Market Size and Forecast 2023-2032| NIKE Inc., Golfsmith International Holdings Inc., PUMA SE, Adidas AG, Wilson Sporting Goods,

The Smarts Sports Equipment Global Market Report 2023 by The Business Research Company, provides smarts sports equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Smarts Sports Equipment Global Market Report 2023, the market size grew from $3.7 billion in 2022 to $3.98 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of smart sports equipment market size is expected to grow to $5.38 billion in 2027 at a CAGR of 7.9%.

The increase in demand for data-driven analysis of sporting activities is expected to propel the growth of the smart sports equipment market. In sports, data-driven analytics are used in modern coaching as sensors are integrated into the sports equipment to develop winning strategies and analyze the performance of the player on the field or in a team as a whole. Coaches of professional teams can use data science to construct hyper-personalized athlete matches and other plans for every game they play and also can identify and analyze the mistakes made by the players by observing the data collected by their sports equipment. With these new modern sports accessories, players can overcome their challenges with every training session or every game by studying the data and being effective.

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The smarts sports equipment market is segmented:

1) By Product Type: Smart Balls, Smart Golf Sticks, Smart Hockey Sticks, Smart Racket And Bats, Others Products

2) By Connectivity Features: Smartphone Synchronization, Wireless Synching, Real Time Data Syncing

3) By Distribution Channel: Franchise Stores, Specialty Stores, Others Stores

4) By End User: Men, Women

As the smart sports equipment market expands, new developing trends are emerging in the sector to keep up with the technological advancements surrounding the market. One such new development is Smart Sensors (Gen3+) developed by a US-based firm, Arccos Golf, in April 2022. Arccos Smart Sensors (Gen3+) provide automatic shot tracking powered by artificial intelligence and machine learning that tightly integrates hardware and software to pinpoint a player’s shots more accurately. Over the past three years, Arccos Data Scientists and Engineers have analyzed more than 500 million shots hit in 194 countries using Arccos sensors. When combined with the award-winning Arccos Caddie app, this provides users with Strokes Gained insights for each aspect of their game and each club in their bag.

The smarts sports equipment market report table of contents includes

1. Executive Summary

2. Smarts Sports Equipment Market Characteristics

3. Smarts Sports Equipment Market Trends And Strategies

4. Smarts Sports Market – Macro Economic Scenario

5. Smarts Sports Equipment Market Size And Growt

26. Africa Smarts Sports Equipment Market

27. Smarts Sports Equipment Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Smarts Sports Equipment Market

29. Smarts Sports Equipment Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: