Wearable Devices in Sports Market Vigorous Growth with CAGR of 9.82% By 2023 Including Competitor Analysis, Industry Product Demand, Key Regions and Applications

Wearable Devices in Sports

The Wearable Devices in Sports Market Report 2019-2023 focuses on the global Wearable Devices in Sports status, future forecast, growth opportunity, key market, and key players. 

The Wearable Devices in Sports Market report studies the global market size of Wearable Devices in Sports in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Wearable Devices in Sports in these regions. This research report categorizes the global Wearable Devices in Sports market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Wearable Devices in Sports include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • Adidas AG
  • Nike
  • Inc.
  • Under Armour
  • Inc.
  • Fitbit
  • Inc.
  • Apple
  • Inc.
  • Garmin Ltd.
  • Zepp US Inc.
  • Catapult Sports Pty Ltd.
  • StretchSense Ltd.

Overview of Wearable Devices in Sports Market Research Report 2019-2023:-

The wearable devices in sports market are expected to register a CAGR of 9.82%, during the forecast period (2019 – 2023).

The wearable technology and devices market is evolving at a rapid pace, with the industry moving towards a focal point companies are prioritizing enhancing quality of service, apart from adding additional features to the device itself. Wearable devices have remained a crucial part of the sports industry, helping the athlete to stick to daily routines and providing crucial information regarding the different parameters it is programmed to monitor. Integration of analytics tools for better assessing and analyzing this data to improve the performance or managing overall personal fitness has bolstered the demand for wearable devices in the sports industry.

Smart Fabrics Set to be a Major Contributing Factor Towards the Growth of the Market

Wearable apparels in the smart fabrics market are expected to register a strong growth over the next decade, and a majority of the demand is expected to be generated from the professional and amateur sports sector. While electronic gadgets, such as watches and bands have garnered the limelight in the wearable devices market space, smart fabrics are emerging as a new favorite in the industry, with the segment set to witness the highest growth among the different products being considered within the scope of the study.

US and Japan to Remain Key Markets

The US and Japan have constantly emerged as the pioneers in wearable technology, with constant innovation and highly skilled manufacturing ability. The presence of major players in the region, has further reinforced their ability to develop highly established products, with the ability to transform the industrial use of technology. The sports industry has welcomed the use of technology to improve the performance levels of the athletes, with coaching staff and the administrative authority by itself encouraging the use of technology to accomplish the task of improving the overall fitness and bolster the productivity of the athlete, and helps them reach optimal performance levels.

With growing importance on performance and increasing levels of competition in the sporting industry, the market is poised to witness a robust growth over and beyond the forecast period.

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Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segments that are expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

    Key questions answered in the Wearable Devices in Sports Market Report are.

    • What will the market size be in 2023 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors? 

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    This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Wearable Devices in Sports market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    “We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

    Major Points from TOC of Wearable Devices in Sports Market Research Report 2019-2023:

    1. INTRODUCTION
      1 Study Deliverables
      1.2 Study Assumptions
      1.3 Scope of the Study
    1. RESEARCH METHODOLOGY
    1. EXECUTIVE SUMMARY
    1. MARKET DYNAMICS
      1 Drivers
      4.1.1 Rise in Defence Expenditure of Many Countries
      4.1.2 Increasing Demand of Lightweight Materials in the Industry
      4.2 Restraints
      4.2.1 Need for High Investments in R&D
      4.2.2 Other Restraints
      4.3 Industry Value-Chain Analysis
      4.4 Porters 5 Force Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Consumers
      4.4.3 Threat of New Entrants
      4.4.4 Threat of Substitute Products and Services
      4.4.5 Degree of Competition
      4.5 Price Analysis
    1. MARKET SEGMENTATION
      1 By Application
      5.2 End-user Sector
      5.2.1 Residential
      5.2.2 Commercial
      5.2.3 Institutional
      5.3 Geography
      5.3.1 Asia-Pacific
      5.3.2 North America
      5.3.3 Europe
      5.3.4 South America
      5.3.5 the Middle East & Africa

      Continued…

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