Golf Mobile Launch Monitor Market Size, Share, Growth, and Industry Analysis, By Type (Personal-Grade Launch Monitor & Professional-Grade Launch Monitor), By Application (Training, Daily Entertainment & Others), and Regional Forecast to 2032

GOLF MOBILE LAUNCH MONITOR MARKET OVERVIEW

The global Golf Mobile Launch Monitor market size expanded rapidly USD 0.27 billion in 2023 and is projected to grow substantially 0.71 billion by 2032, exhibiting a prodigious CAGR 11.4% during the forecast period.

This Monitor is a gadget that has been created with the aim of changing the way you play golf. This app is compact and easy to manoeuvre, measuring and giving instant club head speed, ball speed, launch angle, spin rate, etc. The value of such data points can be best understood by golfers to have a better understanding of their swing mechanics as well as the flight of the ball. For the amateur and the professional golfer, the data provided by this Monitor can be used to implement changes in one’s gameplay due to better calculated distances and accuracy, among others.

GLOBAL CRISES IMPACTING GOLF MOBILE LAUNCH MONITOR MARKETCOVID-19 IMPACT

Golf Mobile Launch Monitor Industry Had a Positive Effect due to the Development of Home Golf Practice

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The growth of the COVID-19 pandemic was playing in favour to this market because it developed the market of the home golf practice. As there were shut-downs and restrictions on the number of people allowed to gather at a given place, people sought indoor golf solutions to continue practicing the sport. The precise functionality of the swings, which could be practiced and analysed in a home environment regardless of the weather, chose mobile launch monitors for golf players of different categories.

LATEST TREND

"Integration of Artificial Intelligence to Propel the Market Growth"

Some trends are evident in this market. One of such trend is the integration of artificial intelligence and machine learning as critical tools has the broad potential to enhance the accuracy of the analysis of information collected during the training session and the relevance of the recommendations for each particular trainer. It is also evident that manufacturers are striving to have devices that are lightweight and also easily transportable, thus fitting outdoor use. The increased interest in virtual golf and the range of simulator solutions is also the cause for the increased interest in launch monitors, which are components of these systems.

GOLF MOBILE LAUNCH MONITOR MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Personal-Grade Launch Monitor & Professional-Grade Launch Monitor

• Personal-Grade Launch Monitors: This product will first appeal to women players and elderly players. Small and lightweight, data reporting (ball speed, club head speed, and launch angle), easily navigated, low cost. Enhancing the game of golf with special reference to practice and appraisal.
• Professional-Grade Launch Monitors: This product will first appeal to professional golfers, serious amateurs, and golf instructors, as indicated by several reasons such as Performance analysis, swing and adaptability improvements, and competitor differentiation.

BY APPLICATION

Based on application, the global market can be categorized into Training, Daily Entertainment & Others

• Training: It is widely popular among players of all categories in the golfing process, ranging from learners to experts. Gives instant correction and detailed results that will help in practice.
• Daily Entertainment: Used for casual play and fun. Provides for virtual golfing and playing of golfing games. Gives a social and interactive kind of gaming.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Technological Advancements to Expand the Market"

A factor in the Golf Mobile Launch Monitor market growth is the Technological Advancements. The advancements and enhancements of sensor technology, data processing algorithms, and smart applications have substantially enhanced the performance, functionality, and cost of these monitors.

"Rising Popularity of Golf to Advance the Market"

Golf has gained popularity over the recent past globally and especially among the youth, hence creating the market for these monitors needed to enhance training and performance.

RESTRAINING FACTOR

"High Prices to Pose Potential Impediments on this Market"

An essential limitation of the Golf Mobile Launch Monitor Market share is the high prices of these devices strongly associated with professional tools. Even though the prices have been on the decline for the last several years, the costs remain somewhat high for the occasional golfer. This is partly a disadvantage since it narrows the market opportunities for test markets where people have relatively low levels of expendable income.

OPPORTUNITY

"Increase in Home/Wellness Fitness to Create Opportunity in this Market"

A key opportunity factor that indicates the growth of this market is the increase in home/wellness fitness. As people decide to optimise their health, they look for practical and efficient ways to train and enhance their abilities. The capabilities of these monitors make the product entertaining for practice at home so that it would appeal to anyone who would like to have an active hobby that also involves practicing golfing.

CHALLENGE

"Difficulty in Measuring the Golf Swing to Pose Potential Challenge for this Market"

Subsequently, one significant threat for the GM LM market is the difficulty in measuring the golf swing and the subsequent need for an experienced interpretation of the results. However, these devices are informative; it calls for some degree of knowledge and skills to understand and implement data. Hence, many players may not properly analyse the data or the changes required to their swing profile.

GOLF MOBILE LAUNCH MONITOR MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America is one of the leading consumers of these monitors due to a developed golf industry. The high disposable income in the region, a rich golfing culture, and an early technology adoption help make the region dominant. Also, the report highlights that the United States has a paramount influence on this global market. Hence, the United States Golf Mobile Launch Monitor Market wields a great deal of importance in the current development of golf equipment and the direction of technological enhancement, enterprise competition, and customer purchasing patterns.

• EUROPE

Europe plays an essential role in terms of market impact because of the continent’s history of golf and an increasing number of people who enjoy this game. The region’s focus on integration and accuracy of performance makes it a potential candidate to embrace the features that are offered by the launch monitors.

• ASIA

Due to the massive increase in the growth of the game, Asia is an emerging market for these monitors, especially from the leading countries such as Japan, South Korea, and China. The relatively higher level of affluence and the improving interest in the game—particularly among the young generation—have been instrumental in the search for better training aids.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation"

Major industrial stakeholders actively participate in shaping this market through innovation, standard setting, and power product customer choices. Some of these firms spend considerable resources on the development of new features, precision, and interface convenience. They also rely on the brand image and established distribution channels to address a large market base. The key players also help in the growth of the market by providing many kinds of products that can fulfil the requirements and budgets of different people to enhance the golf training technology in the future.

LIST OF TOP 10 KEY PLAYERS

• Foresight Sports (California)
• SkyTrak (U.S.)
• TrackMan (Denmark)
• Full Swing Golf (U.S.)
• FlightScope (U.S.)
• TruGolf (U.S.)
• Ernest Sports (U.S.)
• VOICE caddie (U.S.)
• Rapsodo (U.S)
• Garmin Approach (U.S)

KEY INDUSTRY DEVELOPMENTS

June 2021: SkyTrak released new information about a more affordable model of a launch monitor in June 2021. This move made launch monitor technology available to all those who once thought were out of its reach, in equal measure producing more consumers and increasing the market.

September 2023: Uneekor revealed its QED launch monitor, integrating high-definition cameras with mobile compatibility to track real-time data, cementing the place of mobile launch monitors in the must-have tool arsenal of serious golfers.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

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