A Golf Launch Monitor is an electronic device that measures aspects that happen to a golf ball when it’s being struck by a golf club. Its main function is to measure some of the action parameters of your swing, and to perform some quantitative analysis of your swing through some complex calculations, such as swing speed, ball speed, and so on. Golf Launch Monitors can provide data that you just can’t find anywhere else, and as you already know that in today’s world, data is a huge part of improving your game as a golfer.
Across the world, the major players cover Foresight Sports, SkyTrak, TrackMan, Full Swing Golf, FlightScope, TruGolf, Ernest Sports, VOICE caddie, Rapsodo, Garmin Approach, etc. Foresight Sports maintained its first place in the ranking in 2021 globally with the revenue market share of 22.01%, followed by SkyTrak, TrackMan, etc. The top 3 players hold more than 50% market share while top 10 players own about 90% share. The industry is highly concentrated.
The global Golf Launch Monitor market is forecasted to keep the growth trend and expand to 220038 units by 2028 from 147860 units in 2022, growing at a CAGR of 6.85% from 2022 to 2028. And the global revenue would increase to 215.20 million USD by the year of 2028.
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