Global Wearable Devices in the Sports Market by Product Types (Fitness & Heart Rate Monitors, Pedometer, Smart Camera, Smart Watch, Short Tracker, and Others), Applications (Calorie Burnt, Heart Rate Monitoring, Step Counts, Sleep Tracking, and Others), End-users (Homecare Settings, Individuals, Fitness Centres, Sports Centres, and Others), Distribution Channels (Brand Stores, Hypermarkets/Supermarkets, Independent Retail Stores, and Online Sale Channels), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023 - 2031
Global Wearable Devices in the Sports Market Outlook 2031:
The global wearable devices in the Sports Market size was valued at USD 83.98 Billion in 2022 and is projected to reach USD 120.39 Billion by 2031, expanding at a CAGR of 4.18% during the forecast period 2023 - 2031. Wearable devices in the sports include a range of products that an individual wears especially a sportsperson to monitor his/her physicality.
Wearable gadgets use several technology such as Bluetooth, Internet of Things (IoT), and Wi-Fi to connect the devices to other smart electronic devices such as smartphones or laptops that offer information on an individual's overall health conditions and performance of some physical activities.
Wearable gadgets in sports are just a collection of diverse goods that are intended to aid users’ performance through using the devices during the training. Wearable devices are being created to aid athletes through the use of technology as they are ease to use in monitoring fitness.
Wearable Devices in the Sports Market Trends, Drivers, Restraints, and Opportunities:
- Growing awareness regarding the benefits of these gadgets among leisure fitness consumers and professional athletes are key factors boosting the wearable devices in the Sports market.
- Availability of different smart wearable that allow to monitor the overall performance of athletes during the training or physical exercise are some driving factors of the market.
- Rising demand for easy and instant operational of multimedia devices due to the wide access to the Internet among teenagers along with technological advancements in wearable devices are projected to drive the wearable devices in the Sports market growth in the coming years.
- High initial costs, issues concerning about data privacy of users, and short battery life of devices are major challenges. These factors are projected to hamper the wearable devices in the Sports market expansion during the forecast period.
- Increasing smartphone adoption, changing lifestyles, and growing disposable income of a large number of the global population present vital growth opportunities for the wearable devices in the Sports market.
Scope of the Wearable Devices in the Sports Market report:
The report on the global wearable devices in the sports market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Wearable Devices in the Sports Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023-2031 |
Segmentation |
Product Types (Fitness & Heart Rate Monitors, Pedometer, Smart Camera, Smart Watch, Short Tracker, and Others), Applications (Calorie Burnt, Heart Rate Monitoring, Step Counts, Sleep Tracking, and Others), End-users (Homecare Settings, Individuals, Fitness Centres, Sports Centres, and Others), Distribution Channels (Brand Stores, Hypermarkets/Supermarkets, Independent Retail Stores, and Online Sale Channels) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Adidas AG; Catapult Sports Pty Ltd.; Under Armour Inc.; Nike Inc.; Apple Inc.; Fitbit Inc.; Zepp US Inc.; Garmin Ltd.; Misfit; and StretchSense Ltd. |
Wearable Devices in Sports Market Segment Insights:
Pedometer segment is projected to hold significant market share
Based on product types, the wearable devices in the sports market share is fragmented into fitness & heart rate monitors, pedometer, smart camera, smart watch, short tracker, and others. The pedometer segment is projected to hold significant market share owing to the growing number of health-conscious consumers combined with expanding knowledge about physical fitness.
Pedometers can record all physical activity such as jogging, stair climbing, running, and walking. The device's instantaneous results enable the users to set goals every day to attain desired fitness goals, resulting in increasing demand for pedometer devices significantly over the years.
Step counts segment is anticipated to account for substantial share
On the basis of applications, the global wearable devices in the Sports market share is segmented into calorie burnt, heart rate monitoring, step counts, sleep tracking, and others. The step counts segment is expected to account for substantial market share in the coming years due to the rising number of health-conscious consumers, increasing healthcare expenditure, as well as a growing understanding of the need for walking every day.
Sports centres segment to register a robust pace during the forecast period
In terms of end-users, the global wearable devices in the sports market is segregated into homecare settings, individuals, fitness centres, sports centres, and others. The sports centres segment is anticipated to register a robust growth pace during the forecast period.
Manufacturers have launched a number of R&D initiatives to increase the quality of sporting wearable devices, which is expected to provide considerable boost to the segment growth.
Online sale channel segment to expand at substantial growth
Based on distribution channel, the global wearable devices in the Sports market is divided into brand stores, hypermarkets/supermarkets, independent retail stores, and online sale channels. The online sale channel segment is projected to expand at substantial growth in the coming years due to the increased popularity of online shopping behaviour.
Moreover, increasing availability of the number of different types of wearable devices along with heavy discount offers of the products present major drivers for propelling online retailers. The expanding number of e-commerce enterprises will have a beneficial impact on the e-commerce segment growth.
North America is expected to dominate the market
In terms of regions, the global wearable devices in the sports market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the high occurrence of chronic illnesses such as diabetes and obesity in the region as well as the widespread usage of advanced medical wearable devices to check their health conditions.
Growing physical fitness awareness as well as various initiatives launched by industry players to enhance product sales especially in the US are key drivers of the regional market growth.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Devices in the Sports Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wearable Devices in the Sports Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Devices in the Sports Market - Supply Chain
4.5. Global Wearable Devices in the Sports Market Forecast
4.5.1. Wearable Devices in the Sports Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Devices in the Sports Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Wearable Devices in the Sports Market Absolute $ Opportunity
5. Global Wearable Devices in the Sports Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Wearable Devices in the Sports Market Size and Volume Forecast by Applications
5.3.1. Calorie Burnt
5.3.2. Heart Rate Monitoring
5.3.3. Step Counts
5.3.4. Sleep Tracking
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Wearable Devices in the Sports Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Wearable Devices in the Sports Market Size and Volume Forecast by End Users
6.3.1. Homecare Settings
6.3.2. Individuals
6.3.3. Fitness Centres
6.3.4. Sports Centres
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Wearable Devices in the Sports Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Wearable Devices in the Sports Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Wearable Devices in the Sports Demand Share Forecast, 2019-2026
8. North America Wearable Devices in the Sports Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Wearable Devices in the Sports Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Wearable Devices in the Sports Market Size and Volume Forecast by Applications
8.4.1. Calorie Burnt
8.4.2. Heart Rate Monitoring
8.4.3. Step Counts
8.4.4. Sleep Tracking
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Wearable Devices in the Sports Market Size and Volume Forecast by End Users
8.7.1. Homecare Settings
8.7.2. Individuals
8.7.3. Fitness Centres
8.7.4. Sports Centres
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Wearable Devices in the Sports Demand Share Forecast, 2019-2026
9. Latin America Wearable Devices in the Sports Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Wearable Devices in the Sports Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Wearable Devices in the Sports Market Size and Volume Forecast by Applications
9.4.1. Calorie Burnt
9.4.2. Heart Rate Monitoring
9.4.3. Step Counts
9.4.4. Sleep Tracking
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Wearable Devices in the Sports Market Size and Volume Forecast by End Users
9.7.1. Homecare Settings
9.7.2. Individuals
9.7.3. Fitness Centres
9.7.4. Sports Centres
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Wearable Devices in the Sports Demand Share Forecast, 2019-2026
10. Europe Wearable Devices in the Sports Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Wearable Devices in the Sports Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Wearable Devices in the Sports Market Size and Volume Forecast by Applications
10.4.1. Calorie Burnt
10.4.2. Heart Rate Monitoring
10.4.3. Step Counts
10.4.4. Sleep Tracking
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Wearable Devices in the Sports Market Size and Volume Forecast by End Users
10.7.1. Homecare Settings
10.7.2. Individuals
10.7.3. Fitness Centres
10.7.4. Sports Centres
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Wearable Devices in the Sports Demand Share Forecast, 2019-2026
11. Asia Pacific Wearable Devices in the Sports Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Wearable Devices in the Sports Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Wearable Devices in the Sports Market Size and Volume Forecast by Applications
11.4.1. Calorie Burnt
11.4.2. Heart Rate Monitoring
11.4.3. Step Counts
11.4.4. Sleep Tracking
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Wearable Devices in the Sports Market Size and Volume Forecast by End Users
11.7.1. Homecare Settings
11.7.2. Individuals
11.7.3. Fitness Centres
11.7.4. Sports Centres
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Wearable Devices in the Sports Demand Share Forecast, 2019-2026
12. Middle East & Africa Wearable Devices in the Sports Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Wearable Devices in the Sports Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Wearable Devices in the Sports Market Size and Volume Forecast by Applications
12.4.1. Calorie Burnt
12.4.2. Heart Rate Monitoring
12.4.3. Step Counts
12.4.4. Sleep Tracking
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Wearable Devices in the Sports Market Size and Volume Forecast by End Users
12.7.1. Homecare Settings
12.7.2. Individuals
12.7.3. Fitness Centres
12.7.4. Sports Centres
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Wearable Devices in the Sports Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Wearable Devices in the Sports Market: Market Share Analysis
13.2. Wearable Devices in the Sports Distributors and Customers
13.3. Wearable Devices in the Sports Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Adidas AG
13.4.2. Catapult Sports Pty Ltd.
13.4.3. Under Armour Inc.
13.4.4. Nike Inc.
13.4.5. Apple Inc.
13.4.6. Fitbit Inc.
13.4.7. Zepp US Inc.
13.4.8. Garmin Ltd.