Player Tracking System Market Size, Share, Growth Analysis, By Offerings(Solution, Services), By Technology(Optical, Wearables), By End Use(Individual, Team Sports), By Region - Industry Forecast 2024-2031

Player Tracking System Market Size was valued at USD 4.3 billion in 2019, and USD 5.1 Billion in 2019 and it is expected to reach a value of USD 10.6 billion by 2031, at a CAGR of 21.3% over the forecast period (2024-2031).

The market's expansion can be linked to the persistence of the focus on player tracking and real-time physical metric monitoring. The coaching team has concluded that real-time on-field statistics can significantly improve player performance. As a result, numerous teams are quickly implementing various types of systems that can offer on-field data in real-time, fueling the market's expansion during the projection period. The primary goals for implementing a player tracking system are now known to be evaluating team performance, improving the team training curriculum, and monitoring individual player performance.

A player tracking system can offer video footage, positioning data, and real-time player performance measurements. Making informed decisions to improve player and team performance can be aided by the information obtained in this way. For instance, GPS trackers may capture significant data during association football, also known as soccer, including speed, distance traveled, acceleration rate, pulse rate, and the force of tackles. The coaching staff can make substitutions and design team strategies based on this information while the game is in progress. They can even recommend where players should be placed on the field.

A player tracking system is no longer viewed as an extravagance. Contrarily, a player tracking system is becoming indispensable in light of the increasing importance placed on assessing players' stats. As a result, several top sporting leagues have begun implementing player tracking systems in various other formats. During practices and games, it's normal to practice to employ semi-automated cameras in conjunction with GPS trackers. Additionally, top football clubs have their own data analytics divisions.

Owners of sports teams now firmly believe that if they don't use the newest technologies, their teams may lag behind rivals. As a result, they have begun hiring coaches who are tech aware and can use the newest tools to improve the performance of their teams. As a result, over the past few years, the usage of player monitoring technologies in a variety of sports, such as basketball, tennis, cricket, rugby, and soccer, has increased dramatically. The Indian Cricket Team, the England Cricket Team, the Barcelona, the Minnesota Vikings, Manchester United, Arsenal, and Brose Bamberg are a few of the well-known teams that have implemented player tracking systems in one way or another.

A player tracking system can aid organizations and teams in making decisions regarding their rosters and other matters. For instance, Brazilian fitness coach Fábio Mahseredjian visited prestigious football teams in Europe before the 2021 FIFA World Cup, including Real Madrid, FC Barcelona, Manchester City FC, and Paris Saint-Germain (PSG). Soccer players from Brazil also participated in a few league games in Europe. To create efficient, individualized training sessions, Fábio Mahseredjian analyzed information about the players' training regimens, injury propensities, GPS data, and other fitness-related indicators.

US Player Tracking System Market is poised to grow at a sustainable CAGR for the next forecast year.