The global smart swim
goggles market has the potential to grow in the forecast period. The market can
be driven by technological advancement, increasing spendings in AR augmented
products, and increasing number of swimmers along with the growing number of
swimming pools across the globe. For instance, The Pool & Hot Tub
Alliance estimates that there are 10.7 million swimming pools in the United
States. There are 10.4 million residential pools and
309,000 public ones. In total, there is roughly one pool for every 31
citizens of the nation. And every year, 91 million Americans over the
age of 16 swim in oceans, lakes, and rivers, making up nearly 31% of the
population.
Smart swim goggles
resemble conventional swim goggles, but they have a number of advanced
functions and sensors hidden within. Swimming data like lap count, number of
strokes, pace, and total swim time can be tracked and shown. This enables the
user to instantly modify and enhance swimming.
Technology for smart
swim goggles with a display is relatively new. They can monitor the swimmer's
progress while they swim, showing them their statistics and all the
information, they require right in front of them. With this information readily
available, one can keep an eye on the numbers and make immediate adjustments to
their training.
The average cost for a
pair of smart swimming goggles with a timer, heads-up display, and access to an
app is between USD200 and USD300. But with one of the top brands,
customers must pay monthly or yearly subscription fees in order to access all
of their products. For example, the Finis smart swim goggle kits, which come
with the goggles and access to the app, cost USD199.
Innovative Features are
Helping to Expand the Market
Since the demand for smart
swim goggles is rising, companies are coming up with innovative technologies in
smart swim goggles to expand their consumer base. For instance, Workout
Builder, Form's newest feature launched in 2022, enables users to tailor their
workouts and program to their specific needs. Complete customization of
the workout regimen is possible with Workout Builder. Customers may easily
enter their workout information and fine-tune the program using subgroups like
distance, stroke, effort level, drills, and equipment. Customers can also
modify more than 1,000 programs created
by coaches and currently included in the app by using Workout Builder.
High Subscription Cost
May Hinder the Market Growth
One of the major challenges
in the market could be high subscription cost. Many companies charge a fee from
the consumers after a period of time to use the application that is connected
to the goggles. For instance, Form charges USD228 for a subscription that lasts
a full year and gives users access to their guided workouts, training
schedules, video tutorials, swimming app, and FORM swim community, which allows
users to communicate with other swimmers online. They also give customers the
choice of signing up on a monthly basis for USD15 with a minimum commitment of
six months. Since the basic fee is quite high it may act as a hinderance to the
market growth.
Technological
Advancements to Boost the Market Growth
The key component
driving the market expansion is the rise in new product launches and
technological developments that result in improved product offerings. For
instance, GUANGLI, announced the release of Holoswim 2 - AR Smart Swim Goggles
in 2022. Holoswim is an AR-enhanced goggle for swimmers of all skill levels
that is designed for smart swimming. Holoswim 2's built-in smart sensors and
advanced algorithms precisely detect the live metrics of all stroke types and
display real-time data on the goggles whether the consumer is swimming for
fitness, setting goals, or simply counting laps. Users can observe their
progress while they swim due to the clear and uncomplicated way that the AR
data is shown on the transparent OLED holographic display. The parameters that Holoswim 2 tracks, shows, and records
include time, distance, pace, calories burned, heart rate, and more. Following
a swim, data from the goggle’s syncs to the Holoswim App for review and
analysis, including SWOLF (a score that measures the swimming
efficiency) and pace per 100m, in order to enhance performance and share
with friends.
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Market Segmentation
The Smart Swim Goggles market is segmented based on
region, and competitional landscape. Based on regional market segmentation, the
market is divided among North America, Europe, Asia-Pacific, South America, and
Middle East & Africa.
Company Profiles
Form
Athletica Inc., Finis, Inc., and Guangli Tech. are among the major market
players in the Global Smart Swim Goggles Market.
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Attribute
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Details
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Base Year
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2022
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Historical Years
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2019-2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million and CAGR 2019-2022,
2023-2028
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Report Coverage
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Revenue
forecast, Competitive Landscape, Growth Factors, And Trends
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Regional Scope
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North America, Europe, Asia-Pacific, Middle East
& Africa and South America
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Key Companies Profiled
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Form Athletica Inc., Finis, Inc., and Guangli
Tech., others
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Customization Scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail of customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/pdf format on special request)
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Report
Scope:
In this
report, the Global Smart Swim Goggles market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- Smart Swim Goggles Market,
By Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Competitive
Landscape
Company Profiles: Detailed
analysis of the major companies present in the Global Smart Swim Goggles market.
Available
Customizations:
With the
given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Global Smart Swim Goggles market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]