Overview and Scope
Player tracking systems refer to technology solutions used in sports to monitor and analyze athletes’ movements and performance metrics during training sessions and games. These systems typically utilize various sensors, such as global positioning systems (GPS) or radio frequency identification (RFID), to collect data on factors such as speed, distance covered, acceleration, and player positioning, providing coaches and teams with insights for strategic decision-making, injury prevention, and player development.
Sizing and Forecast
The player tracking system market size has grown rapidly in recent years. It will grow from $5.17 billion in 2023 to $6.20 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to growing demand for performance analytics, increasing emphasis on data-driven decision-making in coaching, increasing investment in sports science and research, rising fan expectations for in-depth player statistics, demand for objective performance metrics to assess player value.
The player tracking system market size is expected to see exponential growth in the next few years. It will grow to $12.84 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to rising adoption and popularity of smartwatches, increasing demand for application-based player tracking solutions, increasing demand for real-time data access, emphasis on evaluating team performance through player tracking systems, and need to monitor fitness parameters. Major trends in the forecast period include technological advancements, RFID technology adoption, automation of performance analysis, wearable devices, and technological integration trends.
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Segmentation & Regional Insights
The player tracking system market covered in this report is segmented –
1) By Offerings: Solution, Services
2) By Technology: Optical, Wearables
3) By End Use: Individual, Team Sports
North America was the largest region in the player tracking system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the player tracking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing popularity of fast-paced sports is expected to propel the growth of the player-tracking system market going forward. Fast-paced sports refer to athletic activities characterized by high-intensity levels, rapid movements, and quick decision-making. The popularity of fast-paced sports is increasing due to their dynamic and engaging nature, which captures audiences’ attention in an era where quick entertainment is highly valued. Player tracking systems aid fast-paced sports by providing real-time data on player movements and performance, enabling teams to optimize strategies and enhance player development. For instance, in March 2023, according to the National Collegiate Athletic Association (NCAA), a US-based non-profit organization that regulates student athletics, in the NCAA women’s championship sports, there were 226,212 student-athletes in the 2021–22 season, a 5% rise (10,726 athletes) from the previous year. Further, the most significant percentage increases were seen in women’s ice hockey (up 14%), fencing (up 13%), rowing (up 10%), water polo (up 10%), and bowling (up 10%). Therefore, the increasing popularity of fast-paced sports is driving the growth of the player-tracking system market.
Key Industry Players
Major companies operating in the player tracking system market are Zebra Technologies Corporation, SportsMEDIA Technology Corporation, Catapult Group International Limited, TrackMan A/S, Heddoko Inc., ChyronHego Corporation, Opta Sports Data Limited, Xampion Ltd., KINEXON Sports & Media GmbH, Polar Electro Oy, Sportable Technologies, Inc., GPSports Systems Pty Ltd, ShotTracker Inc., PlaySight Interactive Ltd., STATSports Technologies Limited, PlayGineering Systems Pvt. Ltd., JOHAN Sports B.V., Quuppa Oy, Sonda Sports Ltd., PlayerData Limited, VX Sport Global Pty Ltd, SPT Sports Pty Ltd, Hexoskin Inc., TRACKTICS GmbH, Second Spectrum Inc.
The player tracking system market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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