Sports Officiating Technologies Market Set to Skyrocket to USD 16.06 Billion by 2032

The Sports Officiating Technologies Market was valued at USD 3.52 billion in 2024 and is projected to reach USD 16.06 billion by 2032, growing at a CAGR of 20.9% driven by the need for precision, transparency, and impartiality in sports decisions. The U.S. market was valued at USD 0.93 billion in 2024 and is projected to reach USD 3.95 billion by 2032, growing at a CAGR of 19.82%.

The video-based segment held the largest market share at 38.41% in 2024 due to technologies like VAR and Hawk-Eye, enhancing officiating accuracy. The sensor-based segment is projected to grow at a CAGR of 21.86% fueled by innovations in player tracking and real-time data processing.

In 2024, decision review systems led the market share at 40.62% with technologies like VAR improving call accuracy in real-time. Ball sports dominated the market with a 25.39% revenue share, while the racing sports segment is projected to grow at the highest CAGR of 22.24% driven by sensor-based tracking and automated officiating systems.

North America emerged as the leading region in the Sports Officiating Technologies market in 2024, driven by early adoption of advanced officiating systems and strong investment in sports tech. Key players and major leagues actively implementing VAR and sensor-based tools further fuel growth, positioning the region as a hub for innovation and market leadership.

Read more at GlobeNewswire: Sports Officiating Technologies Market Size to Worth USD