China Sports Technology Market Size & Outlook, 2023-2030
China sports technology market, 2018-2030 (US$M)
Related Markets
China sports technology market highlights
- The China sports technology market generated a revenue of USD 1,502.6 million in 2023 and is expected to reach USD 5,884.0 million by 2030.
- The China market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
- In terms of segment, smart venues was the largest revenue generating technology in 2023.
- Analytics & Statistics is the most lucrative technology segment registering the fastest growth during the forecast period.
Sports technology market data book summary
| Market revenue in 2023 | USD 1,502.6 million |
| Market revenue in 2030 | USD 5,884.0 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Smart venues |
| Fastest growing segment | Analytics & Statistics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Smart Venues, Analytics & Statistics, Esports |
| Key market players worldwide | Apple Inc, CGT Catapult, Cisco Systems Inc, HCL Technologies, International Business Machines Corp, Infosys Ltd ADR, Oracle Corp, Panasonic Holdings Corp, SAP SE, Sony Group Corp, Telefonaktiebolaget L M Ericsson ADR, Amazon.com Inc, Genius Sports Ltd, Microsoft Corp, SAS, Sportradar Group AG Class A, DraftKings Inc Ordinary Shares - Class A, Dream International Ltd, ChyronHego, Modern Times Group, deltatre, Ernst & Young Global Consulting Services, Synergy Sports, CBS Sports Network, Dream Sports, FanDuel |
Other key industry trends
- In terms of revenue, China accounted for 10.2% of the global sports technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sports technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 830.3 million by 2030.
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Sports Technology Market Scope
Sports Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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China sports technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sports technology market will help companies and investors design strategic landscapes.
Smart venues was the largest segment with a revenue share of 42.39% in 2023. Horizon Databook has segmented the China sports technology market based on devices, smart venues, analytics & statistics, esports covering the revenue growth of each sub-segment from 2018 to 2030.
China recorded the highest market share of 37.2% in 2022 and is expected to continue its dominance over the forecast period. The country has witnessed a significant shift towards sporting events after hosting the Summer Olympics in 2008.
China has seen a significant rise in public-oriented programming and sporting events, resulting in a tremendous surge in sports technology and fitness-related applications, which offers the convenience of working out at home.
The customer-centric sports platforms focus on partnering with various sports clubs and organizations to expand their product offerings. For instance, Alibaba Sports Group has collaborated with Bayern Munich, Real Madrid, and the International Ski Federation. Furthermore, the increasing wearable adoption offers numerous growth opportunities in China.
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Target buyers of China sports technology market databook
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Our clientele includes a mix of sports technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China sports technology market , including forecasts for subscribers. This country databook contains high-level insights into China sports technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China sports technology market size, by technology, 2018-2030 (US$M)
China Sports Technology Market Outlook Share, 2023 & 2030 (US$M)
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