MarketResearchReports.Biz presents this most up-to-date research on “Global Physical Education Technology Market 2016-2020”.
Albany, NY -- (SBWIRE) -- 10/05/2016 -- The report presents a detailed overview of the global physical education technology market. According to the report, the global physical education technology market is expected to reach US$8 bn by the end of 2020, rising at an impressive CAGR of 32.75% from 2016 to 2020.
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Physical education technology helps in improving fitness and developing skills. It enhances students' cognitive skills along with their attention and concentration, leading to improved academic performance. Thus, increasing number of educational institutions are acknowledging the benefits of this technology on students' health and fitness. This trend is bolstering the growth of the market. Moreover, the increasing emphasis on differentiated education is driving the market. Differentiated instruction plays a vital role in emboldening teachers with appropriate tools and technology and ensuring equal learning opportunities for students. Furthermore, rising penetration of mobile phones in teaching and institutional activities is encouraging companies to develop physical education applications for both students and teachers. These apps will ensure widespread adoption of this technology, thereby fuelling the growth of the global market.
On the flip side, due to limited funding for the incorporation of physical education technology, its adoption is restricted to large educational institutes, thereby impeding the growth of the market. Moreover, the shortage of skilled staff is adversely affecting the growth of the market. However, increasing inclusion of physical education in the curriculum in many countries worldwide is creating assessment and grading opportunities, which is likely to bode well for the global market in the near future.
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On the basis of product, the global physical education technology market is categorized into equipment and software. The equipment segment was the leading segment in 2015, accounting for 56% of the overall market. Asia Pacific, Europe, North America, and Rest of the World (RoW) are the geography-wise segments studied in this report. North America will continue to dominate the market until 2020, representing more than 49% of the total market. Several education boards in the region are focusing on changing their physical education curriculum and procuring physical education equipment for improving cognitive and motor skills of students.
The global physical education technology market is highly dynamic in nature as it is still at its nascent stage. Existing players are focusing on providing services such as health and nutrition diets, guidance for curriculum development, professional development, and implementation of physical activities on campus. New players are entering the market with the help of technologically advanced and innovative products and solutions. The leading vendors in the market are School Specialty, Polar Electro, Interactive Health Technologies, and Gopher Sport. Some other prominent players influencing the market are ASUS, Fitbit, Garmin, Jawbone, Motorola Mobility, Nike, and Sony.
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