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, Internet of Things (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 Cloud in Sports: Virtual sport training devices. Buy the report here.

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Data Insights Cloud in Sports: Virtual sport training devices

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According to GlobalData’s Technology Foresights, which uses over 101,000 patents to analyse innovation intensity for the sports industry, there are 20+ innovation areas that will shape the future of the industry.

Virtual sport training devices is a key innovation area in Cloud

A Virtual Reality (VR) sports environment allows athletes to accelerate their training regimen when they do not have access to the usual tools or field. By taking advantage of cloud-based virtual sports training equipment, athletes and coaches can access data from anywhere in the world. Cloud-based virtual sports training equipment can provide a comprehensive analysis of the performance of the athletes and teams, as well as the performance of the equipment itself. The data can be quickly analysed and used to identify areas that need improvement.

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 100+ companies, spanning technology vendors, established sports companies, and up-and-coming start-ups engaged in the development and application of virtual sport training devices.

Key players in virtual sport training devices – 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 virtual sport training devices

Company Total patents (2021 - 2023) Premium intelligence on the world's largest companies
NIKE 498 Unlock Company Profile
iFIT Health & Fitness 141 Unlock Company Profile
Peloton Interactive 111 Unlock Company Profile
adidas 100 Unlock Company Profile
Neofect 57 Unlock Company Profile
Lululemon Athletica 56 Unlock Company Profile
Karsten Manufacturing 50 Unlock Company Profile
Koninklijke Philips 47 Unlock Company Profile
May Patents 43 Unlock Company Profile
Golfzon (Japan) 43 Unlock Company Profile
LG 42 Unlock Company Profile
Icon Ip 38 Unlock Company Profile
Toyota Motor 34 Unlock Company Profile
Technikka Conexion 31 Unlock Company Profile
Technogym 30 Unlock Company Profile
ROM Technologies 28 Unlock Company Profile
Isolynx 28 Unlock Company Profile
Sony Group 26 Unlock Company Profile
Apple 26 Unlock Company Profile
EW Healthcare Partners 25 Unlock Company Profile
Nautilus 23 Unlock Company Profile
Polar Electro 22 Unlock Company Profile
Amer Sports 22 Unlock Company Profile
Alphabet 22 Unlock Company Profile
Nintendo 21 Unlock Company Profile
Intel 21 Unlock Company Profile
Biomech Sensor 19 Unlock Company Profile
Sumitomo Electric Industries 18 Unlock Company Profile
Beijing Electronics Holding 17 Unlock Company Profile
Artemis 17 Unlock Company Profile
TOCA Football 16 Unlock Company Profile
Interactive Strength 16 Unlock Company Profile
GroupOne Services 16 Unlock Company Profile
AlterG 16 Unlock Company Profile
Continuous Composites 16 Unlock Company Profile
InfoMotion Sports Technologies 16 Unlock Company Profile
Tonal Systems 14 Unlock Company Profile
Skyhawke Technologies 13 Unlock Company Profile
World Golf Systems 13 Unlock Company Profile
AT&T 13 Unlock Company Profile
Baxter International 12 Unlock Company Profile
Berkshire Hathaway 12 Unlock Company Profile
Teijin 12 Unlock Company Profile
F45 Training 12 Unlock Company Profile
MAD DOGG ATHLETICS 12 Unlock Company Profile
Force Impact Technologies 11 Unlock Company Profile
TritonWear 11 Unlock Company Profile
ICAROS 11 Unlock Company Profile
Arena Innovation 10 Unlock Company Profile
Connexa Sports Technologies 10 Unlock Company Profile

Source: GlobalData Patent Analytics

NIKEis one of the leading patent filers in virtual sports training devices. Some other key patent filers in virtual sports training devices industry include iFIT Health & Fitness, Peloton Interactive, adidas, and Neofect. NIKE has the largest market share when compared to any other sports equipment company, and is constantly emerging with new trends and innovations in the area of virtual sports training equipment for athlete performance enhancement.

In terms of application diversity, FitStar Labs leads the pack, while Alphabet and Force Impact Technologies stand in second and third positions, respectively. By means of geographic reach, Sato Sports Plaza holds the top position, followed by Neofect and World Golf Systems.

To further understand the key themes and technologies disrupting the sports industry, access GlobalData’s latest thematic research report on Cloud in Sports: Virtual sport training devices.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.