Player Tracking Market: Global Overview and Forecast (2023-2029)

Player Tracking Market size was valued at US$ 2.35 Bn in 2022 and the total Player Tracking revenue is expected to grow at 28.7% through 2023 to 2029, reaching nearly US$ 13.78 Bn.
Player Tracking Market Overview:
Player tracking technology is gaining traction in sports science and coaching, particularly in football and basketball. Various devices are used to collect advanced statistical data on players' field performance in real-time. Player tracking technology is utilized by analysts and coaches to train the team and make appropriate playing strategies for the team. This system's primary applications are fitness tracking, performance tracking, fraud detection, and player safety. There are several wearable devices that are available that provide a perfect understanding of the on-field data of the players which shows the significant market growth opportunities during the forecast period.To know about the Research Methodology:-Request Free Sample Report

In this report, the Player Tracking market's growth reasons, as well as the market's many segments (Components, End User, Application, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Player Tracking market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Player Tracking market situation.
Player Tracking Market Dynamics:
A Player Tracking system also creates a strong relationship between athlete and coach.

The coaching staff has recognized that real-time on-field data is very beneficial in improving player performance, which will contribute to the growth of the market. A large amount of data on the players and the team is collected which is primarily utilized to obtain insights into player performance and fitness variables like heart rate, speed, and acceleration. By using this wearable technology, player performance during matches and training sessions can be improved. Data obtained by wearable devices such as shoes, wristbands, and so on is assisting coaches in planning and monitoring training, consequently discovering prospective improvement areas. The growing popularity of television athletic events as well as the increasing demand for real-time data access to boost athlete performance is improving the overall user experience which supports the high adoption rate of wearable Player Tracking devices.

Sports Involvement Is Growing Among Younger Generation

The demand for real-time player tracking devices and systems is increased owing to the rising number of athletic events. According to the Sports and Fitness Industry Association, the number of sports participants has grown in recent years. In 2022, 74 % of youngsters aged 13 to 17 participated in team or individual sports. Growing sports participation in the United States, as well as the incorporation of the cutting-edge latest technology in sports, fuel the rise of more extensive sports analytics, boosting demand for player tracking devices.

An Increasing Number of Health-Related Issues On The Sports Field

The growing incidence of health-related incidents on the field has increased the concerns of players and their teams. The increased prevalence of unexpected heart attacks among younger age and emerging future stars has fueled the demand for sports and fitness tracking devices. There is a growing need for player monitoring and support for team members' fitness levels. These sensors may be able to detect the over-exertion of the body that causes sudden heart attacks in high-performance athletes. Furthermore, a medical professional may utilize this information to suggest solutions to prevent such tragedies and provide a healthy lifestyle for their athletes which has contributed to the market's growth.

However, a lack of understanding about the technology's benefits, along with high equipment costs, is hampering the market growth.
Player Tracking Market Segment Analysis:
By Component, the Wearable devices segment has become popular for player tracking due to their lightweight and they are often less expensive than other approaches. They can be positioned on the athlete's body or in some cases, incorporated into sports equipment such as tennis racket handles, balls, baseball bats, gloves, etc. Their goal is to track athletes' performance by gathering necessary information during a match or training session.

By Application, the fitness tracking segment holds the highest market share in 2022. Fitness tracking is influenced by the increasing adoption of smartwatches and fitness wearables that track fitness-related activities. Tracking athletes help the coach to know athletes' behavioral patterns and habits. Capturing this data allows coaches to evaluate information and analyze it, helping them guide athletes to their best.By End User, The team sports segment is expected to dominate the player tracking market in terms of share over the forecast period. Most wearable solutions such as smartwatches, fitness bands, and vests are used by an individual athlete while optical solutions are mainly used in team sports because they require the installation of large cameras in the stadium. Catapult and STATSSports are some of the companies that provide solutions for tracking players in individual and team sports.
Player Tracking Market Regional Insights:
North America dominates the global player tracking market in 2022. Football, rugby, hockey, basketball, baseball, and various sports leagues are very popular in this region. In the U.S, American football is one of the most popular sports games. Whether it's high school football, college football, or professional football, the sport attracts Billions of people from all walks of life. In addition, the growing acceptance of player tracking systems and services by the sports industry in the country is driving the growth of the market in this region.

In the Asia Pacific, Player Tracking Market is expected to register the highest CAGR during the forecast period. The continuous adoption of smart devices and the latest technologies in the sports industry is expected to drive the growth of the market. President Jinping of China has started an initiative to win the FIFA World Cup. As a result, the Chinese government is investing heavily in building a strong national football team and considering the implementation of a suitable player tracking system.

The objective of the report is to present a comprehensive analysis of the Player Tracking market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Player Tracking market dynamics, and structure by analyzing the market segments and projecting the Player Tracking market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Player Tracking market make the report investor’s guide.
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Player Tracking Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.35 Bn.


Forecast Period 2023 to 2029 CAGR:
28.7%
Market Size in 2029:
US $ 13.78 Bn.


 Segments Covered:
by Components
• Solution
o Wearables
o Optical
o Application-Based
• Services


by Application
• Fitness
• Performance
• Behavior
• Player Safety


by End User
• Individual Sport
• Team Sports



Player Tracking Market, by Region:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Player Tracking Market Key Players:
• Zebra Technologies
• Catapult Sports
• Statsports
• Chyronhego
• Stats
• Kinexon
• Polar
• Playgineering
• Sonda Sports
• Johan Sports
• Exelio
• Q-Track
• Advanced Sports Analytics
• Xampion
• Sports Performance Tracking

FAQs:

1. Which is the potential market for Player Tracking in terms of the region?
Ans. In the APAC region, The continuous adoption of smart devices and the latest technologies in the sports industry is expected to drive the growth of the market.

2. What is expected to drive the growth of the Player Tracking market in the forecast period?
Ans. The coaching staff has recognized that real-time on-field data is very beneficial in improving player performance, which will contribute to the growth of the market.

3. What is the projected market size & growth rate of the Player Tracking Market?
Ans. Player Tracking Market size was valued at US$ 2.35 Bn. in 2022 and the total Player Tracking revenue is expected to grow at 28.7 % through 2023 to 2029, reaching nearly US$ 13.78 Bn.

4. What segments are covered in the Player Tracking Market report?
Ans. The segments covered are Components, End User, Application, and Region.