According
to market research report on "Player Tracking Market by Component, Solution (Wearables,
Opticals, Application-Based), End User (Individual Sports, Team Sports),
Application (Fitness Tracking, Performance Tracking, Fraud Detection, Player
Safety), and Region - Global Forecast to2023",published by MarketsandMarkets™, the Player Tracking Market is
expected to grow from USD 2.1 billion in 2018 to USD 7.3 billion by 2023, at a
CAGR of 27.8% during the forecast period. An increasing amount of on-field data
and growing demand for real-time data access are some of the major factors
driving the growth of the Player Tracking Market.
Browse and in-depth TOC on “Player Tracking Market”
45
- Tables
26
- Figures
112
- Pages
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APAC is estimated to grow at the fastest
CAGR during the forecast period
The APAC
economies, such as India, China, Australia, Pakistan, Sri Lanka, and
Bangladesh, organize different sports leagues and participate in world sports
events featuring cricket, hockey, badminton, athletics, and more. Factors such
as continuous growth in internet penetration, cloud technology, and smart
devices penetration among various sports organizations in the region are
driving the adoption of player tracking solutions. The various sports leagues
which have recently started in the region, in the recent past, have increased
the adoption of advanced player tracking solutions across sports. These leagues
use an extensive technology-based wearable and optical devices to track player
performance and behavior on the field. Apart from league associations, team
management leverage player tracking systems to track player health metrics,
performance, and behavior on and off the field. Coaches analyze the data and
try to keep athletes fit throughout the season, reduce the risk of injury, and
design the competitive plan for individual players on the field.
Government
across key economies are emphasizing on improving the performance of athletes
playing individual sports on a national and international level. The coaches
monitor athletes during the training sessions to provide timely feedback about
their health and performance while setting goals for the future. Furthermore,
athletes track their performance during the practice session to set predefined
goals. Owing to these factors, APAC is expected to witness a healthy growth
rate during the forecast period
Team sports is estimated to grow at the
fastest CAGR during the forecast period
In recent
years, the team sports segment has witnessed an upward trend in terms of
adoption of player tracking solutions. Soccer, hockey, cricket, and basketball
are some of the team sports where the use of player tracking solutions is high.
From GPS-enabled vests to smart watches, optical to application-based solutions
are used by players and referees to track real-time information. Additionally,
coaches from different sports are also using player tracking solutions to
evaluate defensive and offensive plays as well as an individual player’s
performance.
Player
tracking solutions, such as optical and application-based can also be used to
gain intelligence by monitoring competitor’s player performance. The
broadcasters use data from optical sports tracking solution to provide exciting
stories for viewers with fully virtual replays where the 3D animation recreate
player movements. Catapult, STATSports, and ChyronHego are a few companies that
offer player tracking solutions in team sports.
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Services segment is expected to grow at the fastest CAGR during the forecast
period
Growing
demand for optical solutions among team sports is expected to drive the growth
of services in the Player Tracking Market. The number of player tracking
solutions that are being used across different sports is rising day-by-day
owing to which the demand for services, such as optical tracking and
application-based monitoring has also increased in the Player Tracking Market.
Most of the solution providers, such as Polar and Catapult are offering various
player tracking services for both individual and team sports.
Optical segment is expected to grow at the
fastest CAGR during the forecast period
Optical
solutions are installed in large areas, such as training field and stadium to
monitor gameplay of all the players on the field/court. These solutions deliver
performance statistics of a player through HD cameras, software, and
statistical algorithms in real-time. Additionally, these optical solutions
produce game videos through installed cameras in stadiums for post-match
discussions with players and coach. Some of the key features, such as speed,
distance run, stamina, acceleration, and team formations can be monitored
through an optical player tracking solutions. The world’s largest sports
league, such as Ligue de football professional, Serie A, and Qatar Stars League
(QSL) have installed optical player tracking solutions in their stadiums.
Organizations such as Stats and ChyronHego are offering optical solutions in
the Player Tracking Market.
15 major
vendors namely Zebra Technologies (US), Catapult Sports (Australia), STATSports
(UK), ChyronHego (US), STATS (US), Kinexon (Germany), Polar (Finland),
Playgineering (Latvia), Sonda Sports (Poland), JOHAN Sports (Netherlands), Exelio
(US), Q-Track (US), Advanced sports analytics (US), Xampion (Finland) and
Sports Performance Tracking (Australia) offer player tracking solutions,
platforms, and services across the globe.
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