Wearable Devices Technology in Sport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Wearable Technology in the Sports Market and is Segmented by Device Type (Fitness & Heart Rate Monitors, Smart Clothing, GPS Trackers) and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments

Wearable Devices Technology in Sport Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Sports Wearable Devices Industry Overview

The wearable devices in sports market is fragmented with the presence of major players like Garmin Ltd., Zepp US Inc., Catapult Sports Pty Ltd., Kinexon GmbH, and Sensoria Inc. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In May 2023, Garmin launched the Edge 540 and 840 series GPS cycling computers with solar power options in India for optimal performance and training. These new Edge cycling computers come with sophisticated features such as dynamic performance insights, advanced mapping, solar charging, and more, enabling riders to make smarter decisions and train more effectively.

In September 2022, Amazfit, a global smart wearables brand owned by health technology startup Zepp Health, introduced two flagship smartwatches: the Amazfit GTR 4 and Amazfit GTS 4. These smartwatches are the first in the Amazfit lineup to offer syncing of sports and fitness data to the Adidas Running app through the Zepp App, following a future update. This development is a result of the strategic relationship between Amazfit and Adidas Runtastic, enhancing the user experience for sports and fitness enthusiasts.

Sports Wearable Devices Market Leaders

  1. Garmin Ltd.

  2. Zepp US Inc.

  3. Catapult Sports Pty Ltd.

  4. Kinexon GmbH

  5. Sensoria Inc

  6. *Disclaimer: Major Players sorted in no particular order
Wearable Devices in Sports Market Concentration