Innovation in the sports industry is constantly evolving, with activity driven by digital advancements, high-level of social media interactions, broad appeal for immersive sports experience, and fan engagement as well as the growing importance of technologies such as virtual and augmented reality, blockchain, artificial intelligence, IoT, robotics, cloud, data analytics, wearable tech and many more. In the last three years alone, there have been over 48,000 patents filed and granted in the sports industry, according to GlobalData’s report on Internet of Things in Sports: Calorie monitoring exercisers. Buy the report here.
However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilising and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
20+ innovations will shape the sports industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the sports industry using innovation intensity models built on over 101,000 patents, there are 20+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, neurostimulation exercisers is a disruptive technology that is in the early stage of application and should be tracked closely. Environmental sensors, performance monitoring sports equipment, and vitals monitoring exercisers are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are outdoor sporting navigation systems and remote athletic performance monitoring, which are now well established in the industry.
Innovation S-curve for Internet of Things in the sports industry
Calorie monitoring exercisers is a key innovation area in Internet of Things
Exercising devices and fitness trackers are equipped with sensors to monitor user's physical and fitness activities on vital parameters such as steps covered, calories consumed and burned, heart rate, sleep duration, and VO2. These devices allow to directly interconnect with their daily nutritional values and improve upon the decision-making to obtain desired health outcomes.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 50+ companies, spanning technology vendors, established sports companies, and up-and-coming start-ups engaged in the development and application of calorie monitoring exercisers.
Key players in calorie monitoring exercisers – a disruptive innovation in the sports industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to calorie monitoring exercisers
Source: GlobalData Patent Analytics
Nike is one of the leading patent filers in calorie monitoring exercisers. Some other key patent filers in the retailing industry include adidas and Lululemon Athletica. Calorie monitoring devices is one of the accelerating innovation spheres of Internet of Things, where adoption is steadily increasing.
In terms of application diversity, Lululemon Athletica & EW Healthcare Partners leads the pack. New Balance and Amer Sports stand in the second and third positions, respectively. By means of geographic reach, Amer Sports holds the top position, followed by EW Healthcare Partners and Sato Sports Plaza.
IoT wearables in healthcare are increasingly becoming popular to keep a check on health issues, achieve more accurate and prompt treatment, and visualise the progress of health. The concept of IoT-based monitoring system is leading the way forward in tracking the physical and mental state of a user on a regular basis.
To further understand the key themes and technologies disrupting the sports industry, access GlobalData’s latest thematic research report on Thematic Research: Internet of Things in Sport.