Sports Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Sport Electronics Market Report is segmented by Product Type (Wearable Devices and Standalone Devices) and Geography.

Sports Electronics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Sports Electronics Market Size

sports electronics market
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 20.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Sports Electronics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Sports Electronics Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

Information Technology

Media and Entertainment

Security & Surveillance

Sports Electronics Market Analysis

The Sports Electronics Market is expected to register a CAGR of 20% during the forecast period.

  • According to the Outdoor Industry Association, activewear was one of the most sold sports retail good in 2018. Activewear alone accounted for USD 53 billion in 2018. Observing the increasing demand for activewear, companies are investing in the segment and are introducing interactive activewear which is creating a positive outlook of the market.
  • For instance, in November 2018, Pivot Yoga, a smart activewear company launched a smart activewear for yoga lovers which was equipped with artificial intelligence and motion sensor technology. This smart activewear helps in correcting yoga posture through the use of the Pivot app.
  • Moreover, in a high-intensity interval training, injuries are common, owing to which the companies are working to design a device which directly identifies muscle strain thereby reducing any recurring injury. For instance, in 2017, the NFL Player's Association (NFLPA) formed a partnership with WHOOP to offer every player with a wearable device enabling monitoring features such as strain, recovery, and sleep.
  • However, lack of awareness about the importance of the product, coupled with the high cost of smart sports electronics product is restraining the growth of the market.

Sports Electronics Industry Overview

Thesports electronics market is fragmented due to the presence of global players such asFitbit, Inc.,Garmin Ltd,Apple, Inc, Catapult Sports,Under Armour, etc. Moreover, according to the Consumer Technology Association, therevenue from wearables sales increased from USD 4 billion in 2014 to USD 22 billion in 2017, globally. Thus, the companies are working on various strategies, such as expansions, new product launches, partnerships, agreements, joint ventures, and acquisitions, amongothers, to increase their footprints in this market. Some of the recent developments are:

  • June 2019 -Garmin Indialaunched an update of Forerunnerseries watch i.e. Forerunner 245 and Forerunner 245 Music. Thislightweight smartwatch is loaded with advanced features such as, incident detection, body battery, race predictor, and are available in different colors.
  • June 2019 -Garmin International, Inc. launched the Approach X10, a comfortable golf band that is preloaded with data for over 41,000 courses around the world. Golfers of all levels can easily see precise distances to the front, back and middle of the green, as well as hazards on the touch-screen display.

Sports Electronics Market Leaders

  1. Fitbit, Inc

  2. Garmin Ltd

  3. Apple Inc

  4. Under Armour, Inc

  5. Catapult Sports

  6. *Disclaimer: Major Players sorted in no particular order
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Sports Electronics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Technological Advancements in Wearable Sports Devices
    • 4.3.2 Rising Demand for Round-The-Clock Monitoring
  • 4.4 Market Restraints
    • 4.4.1 High Cost of Wearable Devices
  • 4.5 Industry Value Chain Analysis
  • 4.6 Industry Attractiveness - Porter's Five Force Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Wearable Devices
    • 5.1.1.1 Pedometers
    • 5.1.1.2 Activity Monitors
    • 5.1.1.3 Smart Fabrics
    • 5.1.1.4 Fitness and Heart Rate Monitors
    • 5.1.1.5 Other Wearable Devices
    • 5.1.2 Standalone Devices
    • 5.1.2.1 Electronics Scales
    • 5.1.2.2 Cameras
    • 5.1.2.3 Cycling Computers
    • 5.1.2.4 Other Standalone Devices
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Fitbit, Inc
    • 6.1.2 Garmin Ltd
    • 6.1.3 Apple, Inc
    • 6.1.4 Catapult Sports Pty Ltd.
    • 6.1.5 Under Armour
    • 6.1.6 Zepp US Inc.
    • 6.1.7 StretchSense Ltd.
    • 6.1.8 SZ DJI Technology Co., Ltd
    • 6.1.9 Polar Electro Oy
    • 6.1.10 Adidas AG
    • 6.1.11 Nike, Inc
    • 6.1.12 Giant Manufacturing Co. Ltd.
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Sports Electronics Industry Segmentation

The sports electronics devices are an important part of the sports industry because the devices help the sportsperson to track their fitness activities and further helps in providing relevant information regarding the different parameters. With the commercialization of the sports industry, manufacturers are innovating and launching new products to cater to every demand in the industry.

By Product Type Wearable Devices Pedometers
Activity Monitors
Smart Fabrics
Fitness and Heart Rate Monitors
Other Wearable Devices
Standalone Devices Electronics Scales
Cameras
Cycling Computers
Other Standalone Devices
Geography North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Sports Electronics Market Research FAQs

What is the current Sports Electronics Market size?

The Sports Electronics Market is projected to register a CAGR of 20% during the forecast period (2025-2030)

Who are the key players in Sports Electronics Market?

Fitbit, Inc, Garmin Ltd, Apple Inc, Under Armour, Inc and Catapult Sports are the major companies operating in the Sports Electronics Market.

Which is the fastest growing region in Sports Electronics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Sports Electronics Market?

In 2025, the North America accounts for the largest market share in Sports Electronics Market.

What years does this Sports Electronics Market cover?

The report covers the Sports Electronics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Sports Electronics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Sports Electronic Devices Industry Report

Statistics for the 2025 Sports Electronics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sports Electronics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.