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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. <br><br>Visit:u00a0https://www.gmiresearch.com/report/smart-sports-equipment-market/
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Report Title Smart Sports Equipment Market – Global Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1
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 2
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 3
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 oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain 4
oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5