Sports Electronics Devices Market by Product Type, End-User: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in investment in the sports industry.
3.4.1.2. Surge in the use of wearable devices by athletes.
3.4.2. Restraints
3.4.2.1. High initial costs and low budgets.
3.4.2.2. Data privacy concerns.
3.4.3. Opportunities
3.4.3.1. Growing deployment of biosensor solutions to monitor various activities of athletes.
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: SPORTS ELECTRONICS DEVICES MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Pedometers
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Fitness or Heart Rate Monitors
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Smart Fabrics
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Smart Camera
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Shot Trackers
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
4.7. Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market share analysis by country

CHAPTER 5: SPORTS ELECTRONICS DEVICES MARKET, BY END-USER
5.1 Overview
5.1.1 Market size and forecast
5.2. Sports Centers
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Fitness Centers
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Homecare Settings
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: SPORTS ELECTRONICS DEVICES MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Product Type
6.2.3 North America Market size and forecast, by End-User
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Product Type
6.2.4.1.3 Market size and forecast, by End-User
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Product Type
6.2.4.2.3 Market size and forecast, by End-User
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Product Type
6.2.4.3.3 Market size and forecast, by End-User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Product Type
6.3.3 Europe Market size and forecast, by End-User
6.3.4 Europe Market size and forecast, by country
6.3.4.1 UK
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Product Type
6.3.4.1.3 Market size and forecast, by End-User
6.3.4.2 Germany
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Product Type
6.3.4.2.3 Market size and forecast, by End-User
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Product Type
6.3.4.3.3 Market size and forecast, by End-User
6.3.4.4 Rest of Europe
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Product Type
6.3.4.4.3 Market size and forecast, by End-User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Product Type
6.4.3 Asia-Pacific Market size and forecast, by End-User
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Product Type
6.4.4.1.3 Market size and forecast, by End-User
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Product Type
6.4.4.2.3 Market size and forecast, by End-User
6.4.4.3 India
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Product Type
6.4.4.3.3 Market size and forecast, by End-User
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Product Type
6.4.4.4.3 Market size and forecast, by End-User
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Product Type
6.4.4.5.3 Market size and forecast, by End-User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Product Type
6.5.3 LAMEA Market size and forecast, by End-User
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Product Type
6.5.4.1.3 Market size and forecast, by End-User
6.5.4.2 Middle East
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Product Type
6.5.4.2.3 Market size and forecast, by End-User
6.5.4.3 Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Product Type
6.5.4.3.3 Market size and forecast, by End-User

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021

CHAPTER 8: COMPANY PROFILES
8.1 Garmin Ltd.
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 Polar Electro
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 Zepp Labs, Inc.
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 Blast Motion
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 Fitbit(Google)
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 Hawk-Eye Innovations (Sony Corporation)
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 Apple, Inc.
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 Catapult
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 Panasonic Corporation
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 Adidas
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 2. Sports Electronics Devices Market for Pedometers, by Region, 2021-2031 (Revenue, $Million)
Table 3. Sports Electronics Devices Market for Fitness or Heart Rate Monitors, by Region, 2021-2031 (Revenue, $Million)
Table 4. Sports Electronics Devices Market for Smart Fabrics, by Region, 2021-2031 (Revenue, $Million)
Table 5. Sports Electronics Devices Market for Smart Camera, by Region, 2021-2031 (Revenue, $Million)
Table 6. Sports Electronics Devices Market for Shot Trackers, by Region, 2021-2031 (Revenue, $Million)
Table 7. Sports Electronics Devices Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 8. Global Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 9. Sports Electronics Devices Market for Sports Centers, by Region, 2021-2031 (Revenue, $Million)
Table 10. Sports Electronics Devices Market for Fitness Centers, by Region, 2021-2031 (Revenue, $Million)
Table 11. Sports Electronics Devices Market for Homecare Settings, by Region, 2021-2031 (Revenue, $Million)
Table 12. Sports Electronics Devices Market, by Region, 2021-2031 (Revenue, $Million)
Table 13. North America Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 14. North America Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 15. North America Sports Electronics Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 16. U.S. Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 17. U.S. Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 18. Canada Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 19. Canada Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 20. Mexico Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 21. Mexico Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 22. Europe Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 23. Europe Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 24. Europe Sports Electronics Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 25. UK Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 26. UK Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 27. Germany Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 28. Germany Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 29. France Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 30. France Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 31. Rest of Europe Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 32. Rest of Europe Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 33. Asia-Pacific Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 34. Asia-Pacific Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 35. Asia-Pacific Sports Electronics Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 36. China Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 37. China Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 38. Japan Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 39. Japan Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 40. India Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 41. India Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 42. South Korea Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 43. South Korea Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 44. Rest of Asia-Pacific Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 45. Rest of Asia-Pacific Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 46. LAMEA Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 47. LAMEA Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 48. LAMEA Sports Electronics Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 49. Latin America Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 50. Latin America Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 51. Middle East Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 52. Middle East Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 53. Africa Sports Electronics Devices Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 54. Africa Sports Electronics Devices Market, by End-User, 2021-2031 (Revenue, $Million)
Table 55. Garmin Ltd.: Key Executives
Table 55. Garmin Ltd.: Company Snapshot
Table 56. Garmin Ltd.: Operating Segments
Table 57. Garmin Ltd.: Product Portfolio
Table 58. Garmin Ltd.: Net Sales
Table 59. Garmin Ltd.: Key Stratergies
Table 61. Polar Electro: Key Executives
Table 61. Polar Electro: Company Snapshot
Table 62. Polar Electro: Operating Segments
Table 63. Polar Electro: Product Portfolio
Table 64. Polar Electro: Net Sales
Table 65. Polar Electro: Key Stratergies
Table 67. Zepp Labs, Inc.: Key Executives
Table 67. Zepp Labs, Inc.: Company Snapshot
Table 68. Zepp Labs, Inc.: Operating Segments
Table 69. Zepp Labs, Inc.: Product Portfolio
Table 70. Zepp Labs, Inc.: Net Sales
Table 71. Zepp Labs, Inc.: Key Stratergies
Table 73. Blast Motion: Key Executives
Table 73. Blast Motion: Company Snapshot
Table 74. Blast Motion: Operating Segments
Table 75. Blast Motion: Product Portfolio
Table 76. Blast Motion: Net Sales
Table 77. Blast Motion: Key Stratergies
Table 79. Fitbit(Google): Key Executives
Table 79. Fitbit(Google): Company Snapshot
Table 80. Fitbit(Google): Operating Segments
Table 81. Fitbit(Google): Product Portfolio
Table 82. Fitbit(Google): Net Sales
Table 83. Fitbit(Google): Key Stratergies
Table 85. Hawk-Eye Innovations (Sony Corporation): Key Executives
Table 85. Hawk-Eye Innovations (Sony Corporation): Company Snapshot
Table 86. Hawk-Eye Innovations (Sony Corporation): Operating Segments
Table 87. Hawk-Eye Innovations (Sony Corporation): Product Portfolio
Table 88. Hawk-Eye Innovations (Sony Corporation): Net Sales
Table 89. Hawk-Eye Innovations (Sony Corporation): Key Stratergies
Table 91. Apple, Inc.: Key Executives
Table 91. Apple, Inc.: Company Snapshot
Table 92. Apple, Inc.: Operating Segments
Table 93. Apple, Inc.: Product Portfolio
Table 94. Apple, Inc.: Net Sales
Table 95. Apple, Inc.: Key Stratergies
Table 97. Catapult: Key Executives
Table 97. Catapult: Company Snapshot
Table 98. Catapult: Operating Segments
Table 99. Catapult: Product Portfolio
Table 100. Catapult: Net Sales
Table 101. Catapult: Key Stratergies
Table 103. Panasonic Corporation: Key Executives
Table 103. Panasonic Corporation: Company Snapshot
Table 104. Panasonic Corporation: Operating Segments
Table 105. Panasonic Corporation: Product Portfolio
Table 106. Panasonic Corporation: Net Sales
Table 107. Panasonic Corporation: Key Stratergies
Table 109. Adidas: Key Executives
Table 109. Adidas: Company Snapshot
Table 110. Adidas: Operating Segments
Table 111. Adidas: Product Portfolio
Table 112. Adidas: Net Sales
Table 113. Adidas: Key Stratergies

List of Figures
Figure 1. Segmentation of Sports Electronics Devices Market, 2021-2031
Figure 2. Sports Electronics Devices Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Sports Electronics Devices Market: Drivers, Restraints and Opportunities
Figure 10. Sports Electronics Devices Market, by Product Type, 2021 (%)
Figure 11. Comparative Share Analysis of Pedometers Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Fitness or Heart Rate Monitors Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Smart Fabrics Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 14. Comparative Share Analysis of Smart Camera Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Shot Trackers Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Others Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 17. Sports Electronics Devices Market, by End-User, 2021 (%)
Figure 18. Comparative Share Analysis of Sports Centers Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Fitness Centers Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 20. Comparative Share Analysis of Homecare Settings Sports Electronics Devices Market, 2021 and 2031 (%)
Figure 21. Sports Electronics Devices Market by Region, 2021
Figure 22. U.S. Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 23. Canada Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 24. Mexico Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 25. Uk Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 26. Germany Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 27. France Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 28. Rest of Europe Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 29. China Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 30. Japan Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 31. India Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 32. South Korea Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 33. Rest of Asia-Pacific Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 34. Latin America Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 35. Middle East Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 36. Africa Sports Electronics Devices Market, 2021-2031 ($Million)
Figure 37. Top Winning Strategies, by Year
Figure 38. Top Winning Strategies, by Development
Figure 39. Top Winning Strategies, by Company
Figure 40. Product Mapping of Top 10 Players
Figure 41. Competitive Dashboard
Figure 42. Competitive Heatmap of Top 10 Key Players
Figure 43. Top Player Positioning, 2021
Figure 44. Garmin Ltd..: Net Sales ($Million)
Figure 45. Polar Electro.: Net Sales ($Million)
Figure 46. Zepp Labs, Inc..: Net Sales ($Million)
Figure 47. Blast Motion.: Net Sales ($Million)
Figure 48. Fitbit (Google).: Net Sales ($Million)
Figure 49. Hawk-Eye Innovations (Sony Corporation).: Net Sales ($Million)
Figure 50. Apple, Inc..: Net Sales ($Million)
Figure 51. Catapult.: Net Sales ($Million)
Figure 52. Panasonic Corporation.: Net Sales ($Million)
Figure 53. Adidas.: Net Sales ($Million)

Executive Summary

According to the report titled, “Sports Electronics Devices Market," The sports electronics devices market was valued at $19.6 billion in 2021, and is estimated to reach $73.6 billion by 2031, growing at a CAGR of 14.8% from 2022 to 2031.

Electronic hardware and software are used to operate sports electronics equipment, which include smart athletic wearables, stadium cameras and drones, and biosensors used in fitness facilities to track athletes' biorhythms both on and off the field. In order to track athletes' health, these instruments are being used more frequently in the sports industry. Hawk-eye technology has also been widely used in sports like cricket, football, tennis, rugby, and badminton. It comprises of a number of cameras that track the locations of the ball as it moves and a model of the playground.

Key factors driving the growth of the sports electronics devices market includes rising demand for smart sports equipment such as fitness trackers, smart running shoes, and other smart sports accessories. Other factors influencing market expansion include technological development, rising public awareness of the advantages of physical activity, and the prevalence of connected devices. Professional athletes and fitness buffs alike are increasingly using smart sports equipment. These devices not only assist in monitoring fitness objectives and advancements, but also offer immediate feedback and direction. The performance of users as a whole is being enhanced by this. Additionally, the launch of new goods with cutting-edge features is fueling market expansion.

The market also offers growth opportunities to the key players in the market. For instance, pedometers are simple to use, affordable, and offer precise and dependable information. They run on a little battery that is intended to last for a very long time. The main benefit of a pedometer is the instant feedback it gives on physical activity and exercise, which encourages the athletes to set daily physical activity goals for maintaining a healthy body. The majority of people, including toddlers, adults, and the elderly, can use pedometers because they are compact and lightweight. The main reasons propelling the worldwide pedometer market for sports electronics devices are the rise in healthcare issues, awareness of healthy lifestyles, initiatives to promote physical activity, and technical advancements via the connectivity of pedometers with the digital world. The importance of physical activity in obtaining good health and lowering chronic diseases has become widely recognized due to the vast population suffering from lifestyle-related diseases and preventable welfare diseases. The pedometer industry is growing as a result of increased physical activity and recent technology developments that allow pedometers to be connected to smartphones and cell phones.

The global sports electronics devices market is segmented on the basis of product type, end user, and region. On the basis of product type, the market is divided into the pedometers, fitness and heart rate monitors, smart fabrics, smart camera, shot trackers, and others. By end user, the market is segmented into sports centers, fitness centers, and homecare settings.

Region-wise, the sports electronics devices market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America remains a significant participant in the sports electronics devices market. Major organizations and government institutions in the country are intensely putting resources into technology.

KEY FINDINGS OF THE STUDY

In 2021, the pedometers segment accounted for maximum revenue and is projected to grow at a notable CAGR of 16.0% during the forecast period.

The fitness centers segment was the highest revenue contributor to the market in 2021.

The fitness centers and sports centers segments collectively accounted for around 82.45% market share in 2021.

The fitness or heart rate monitors and pedometers segments are expected to witness considerable CAGRs of 18.36% and 16.09%, respectively, during the forecast period.

North America and Europe collectively accounted for around 67.53% share in 2021.

The key players profiled in the study include Apple, Blast Motion, Catapult Sports, Fitbit (Google), Garmin, Hawk-Eye Innovations (Sony Corporation), Panasonic Corporation, Polar Electro, Adidas, and Zepp. Top market players have adopted various strategies, such as product launch, partnership, innovation, and product development, to expand their foothold in the sports electronics devices market. For instance, in July 2022, KINEXON's LPS system will be used for live player monitoring in American Football during the upcoming Championship Game in Klagenfurt in collaboration with the European League of Football. The European League of Football also intends to improve the fan experience by providing high-quality live stats.

Companies Mentioned

• Garmin Ltd.
• Polar Electro
• Zepp Labs, Inc.
• Blast Motion
• Fitbit(Google)
• Hawk-Eye Innovations (Sony Corporation)
• Apple, Inc.
• Catapult
• Panasonic Corporation
• Adidas

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.