The global player tracking system market size is expected to reach USD 10.70
billion by 2025, registering a CAGR of 25.4% from 2019 to 2025, according to a
new report by Grand View Research, Inc. The continued emphasis of the coaching
staff of prominent teams on tracking and enhancing the performance of players
is expected to drive the growth of the market. Efforts aimed at preventing
injuries to players are also necessitating the use of an appropriate player
tracking system, thereby contributing to the growth of the market.
GPS-based tracking systems are expected to
witness a high rate of adoption over the forecast period. The ease of
installation, affordability, and availability are increasingly encouraging
various sports teams to utilize GPS-based tracking systems for practice
sessions as well as during tournaments. Many colleges and universities have
started using GPS trackers for their football and rugby teams owing to similar
reasons. For instance, Baylor University from Texas, University of Oregon,
University of North Carolina, and Vanderbilt University from Nashville are some
of the educational institutes in the U.S. that are using GPS trackers to
monitor the performance of their players.
Asia Pacific is emerging as one of the
promising regional markets for player tracking system companies. Several sports
leagues in the region are increasingly adopting different kinds of tracking
systems for players. For instance, the Board of Control for Cricket in India
(BCCI) had signed a deal with STATSport Group, asports tech company based in
the U.K., to implement a GPS-based player tracking system for the Indian
cricket team ahead of the ICC Cricket World Cup 2019 to measure physical
metrics of individual players.
However, the market is getting highly
competitive as new entrants are foraying into the market with innovative and
customized products. For instance, Gpexe System and Catapult Sports have
launched wireless charging GPS trackers for players. These devices can be
paired with smartphones to track the players in real time using dedicated apps.
Moreover, market players are also forming strategic alliances with sports teams
to gain a competitive advantage in the market. For instance, in March 2019,
Sonda Sports announced a collaboration with Lions Rugby Co., a South African
rugby team, to provide GPS tracking system. Similarly, in April 2019, Kinexon
partnered with Brose Bamberg, a German basketball team from Bamberg, North
Bavaria, to provide a sports tracking system.
Access Research Report of Player Tracking System Market @ https://www.grandviewresearch.com/industry-analysis/player-tracking-system-market
Further key findings from the report suggest:
· The services segment is expected to exhibit
the highest CAGR over the forecast period owing to the growing demand for
application-based monitoring systems
· The wearables segment is expected to
register a high growth rate owing to the affordability and easy availability of
GPS trackers
· The team sports segment is expected to
exhibit the highest CAGR owing to the continued adoption of latest tracking
technologies
· The Asia Pacific regional market is
anticipated to register a CAGR of over 28% owing to the continued rollout of
high-speed internet networks and proliferation of smart devices in the sports
industry
· Some of the prominent players of player
tracking system market include ChyronHego Corporation, Stats LLC, STATSports
Group, and SPT Group Pty Ltd., among others.
Grand View Research has segmented the
global player tracking system market on the basis of offering, technology, end
use, and region:
Player Tracking System Offering Outlook
(Revenue, USD Million, 2015 - 2025)
·
Solution
·
Services
Player Tracking System Technology Outlook
(Revenue, USD Million, 2015 - 2025)
·
Optical
·
Wearables
o
Satellite
o
Others (Bluetooth, LPS, and RFID)
Player Tracking System End Use Outlook
(Revenue, USD Million, 2015 - 2025)
·
Individual
o
Tennis
o
Golf
o
Others
·
Team Sports
o
Football
o
Basketball
o
Rugby
o
Others
Player Tracking System Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
Australia
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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