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 Robotics in Sports: Intelligent rowing machines. Buy the report here.
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.
Intelligent rowing machines are a key innovation area in robotics
Intelligent rowing machines connect with a user’s phone and allow them to closely monitor their fitness regime as well as vary load and speed to closely match with desired goals. They provide a smart way to monitor all your performance statistics.
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 30+ companies, spanning technology vendors, established sports companies, and up-and-coming start-ups engaged in the development and application of intelligent rowing machines.
Key players in intelligent rowing machines – 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 intelligent rowing machines
Source: GlobalData Patent Analytics
NIKE is one of the leading patent filers in intelligent rowing machines. Some other key patent filers in the intelligent rowing machine industry include iFIT Health & Fitness, adidas, Peloton Interactive, and LG.
In terms of application diversity, Koninklijke Philips leads the pack. Healing Innovations and Ventrk stand in second and third positions, respectively. By means of geographic reach, Dasan Rnd holds the top position, followed by Madonna Rehabilitation Hospital and Amer Sports.
To further understand the key themes and technologies disrupting the sports industry, access GlobalData’s latest thematic research report on Sports.