Smart Stadium Market Size

Smart Stadium Market size is estimated at USD 16.8 billion in 2024 and is poised to reach USD 191.7 billion by the end of 2037, growing at around 20.6% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of smart stadium is assessed at USD 20.2 billion.

The rapid growth of the market is attributed to the increased demand for personalized and immersive fan experiences. As entertainment events become more competitive, stakeholders are pushing for stadiums to provide unique and interactive experiences to increase and retain fan interest. Recent trends indicate an overwhelmingly positive experience by stadium visitors on smart stadium experiences leading to an increase in attendance and boost in ticket sales. For instance, in September 2024, the Ultimate Fighting Championship (UFC) held Noche UFC 306 at the Sphere in Paradise, Nevada with the event drawing a record USD 22 million in revenue from ticket sales. The event at the Sphere featured haptic seats with live feedback, was the first-ever 1080p broadcast by ESPN, and AR augmentation in broadcast and in-venue experience.

Improvements in cloud computing and Internet of Things (IoT) sensors have led to the growth of smart stadiums. Rising technological innovations are correlated with more immersive fan experiences that put smart stadiums at the forefront of the entertainment sector. For instance, in June 2023, construction of the new Highmark stadium or the Pit, the new home of the Buffalo Bills, began. The stadium has a 360-degree service solution offering an immersive fan experience. Thus, as the penetration of 5G technology and IoT solutions grows, the demand for smart stadiums is expected to boom during the forecast period.