Smart Sports Equipment Market – Global Opportunities & Forecast, 2020-2027
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints, and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Smart Sports
Equipment Market:
The leading players in the smart sports
equipment market include Golfsmith International Holdings Inc., Zepp Labs Inc.,
PUMA SE, Nike, Inc., Adidas AG, BABOLAT VS S.A., Wilson Sporting Goods Company,
Gridiron Technologies LLC., HockeyShot Inc., Riddell Sports Group, among
others.
Drivers of the Smart Sports Equipment
Market:
The major
factors contributing to the growth of the global smart
sports equipment market include a rising emphasis on enhancing the safety
of sports personnel and the rapid adoption of IoT. IoT allows
machine-to-machine (M2M) communication, offers automation, monitors accurate
data, saves an ample amount of time, provides accurate information without
human intervention, which could be utilized in other tasks, and is a
cost-effective solution. All these exceptional advantages of technology lead to
raised adoption across various industry verticals such as healthcare, BFSI,
retail, manufacturing, and others. Moreover, the sports industry has also begun
adopting IoT for the manufacturing of smart sports equipment. These equipment
types help professionals, players, or armatures monitor, track, and analyze
their performance. For example, Adidas developed IoT integrated smart football
for the German national football team. The IoT sensors integrated inside the
ball can detect a spin, strike, speed, and flight path. I addition to this, the
app users could analyze the diagnostics through IoT based smart ball app, which
supports analyzing players’ performance. Thus, the increasing adoption of IoT
is surging the growth of the smart sports equipment market.
Based on the
region, North America is expected to dominate the market during the forecast
period due to the rising participation of the younger generation in sports
activities and the early adoption of advanced technologies in the region.
Moreover, Asia-Pacific is anticipated to grow at a higher CAGR during the
forecast period. The government of various countries is taking several
initiatives to develop sports activities in the region, which will bolster the
growth of the market in Asia-Pacific.
Market
Segmentation:
The main objective
of the study is to define market sizes of the different market segments &
countries during the forecast period and analyze the values in the next six
years. The detailed segments and sub-segments of the market are explained
below:
Breakup by Type:
·
Biological
o
Microbials
o
Botanicals
·
Chemical
o
Triazoles
o
Dithicarbamates
o
Strobilurins
o
Phenylamides
o
Chloronitriles
o
Others
Breakup by Crop:
·
Cereals & Grains
o
Corn
o
Wheat
o
Rice
o
Others
·
Oilseeds & Pulses
o
Soyabean
o
Cotton
o
Others
·
Fruits & Vegetables
o
Apples
o
Pears
o
Grapes
o
Cucumbers
o
Potatoes
o
Others
·
Others
Breakup by Application:
·
Foliar Spray
·
Chemigation
·
Seed Treatment
·
Soil Treatment
·
Post-Harvest
Breakup by Mode
of Action:
·
Contact
·
Systemic
Breakup by Active
Form:
·
Liquid
·
Dry
Breakup by
Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries
of the LAMEA region)
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