Maharashtra, India -- (SBWIRE) -- 02/20/2019 -- Outdoor Sports GPS Device Market
Summary
Outdoor sports GPS devices are portable gadgets that receive satellite signals. A GPS device offering different functionalities comes in different forms such as a handheld device, wearable device (smart watch and a smart glass). The mechanism of these devices is similar to smartphones and tablets.
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According to this study, over the next five years the Outdoor Sports GPS Device market will register a 38.7% CAGR in terms of revenue, the global market size will reach US$ 69900 million by 2024, from US$ 9820 million in 2019.
Technological Advancements
Garmin, Polar, Bushnell, DeLorme are the earlier companies to produce the GPS device for outdoor sports, and Garmin is the leading specialist in the outdoor sports GPS device for the long time.
The outdoor sports GPS device concentrates in Taiwan, and there are some big OEM players of smart watch, and some mid-end, low-end brands, such as Bryton, Golife, Global Sat, etc. The Taiwan production of outdoor sports GPS device takes up about 30% of the global market. The USA is expected to be the global second largest market in 2015, followed by Europe.
The outdoor sports GPS device can be classified into handheld type and wearable type, the wearable type products are further classified into smart watch with GPS device and smart glasses with GPS functions. Currently, wearable type has developed to be the mainly product of outdoor sports GPS device with the share 75% of total market. And the smart glasses with GPS functions are scant in the world at present. Also, the functions of outdoor sports GPS device, can be instead of smart phones, pad with GPS systems. So we think the simple outdoor sports GPS device market is limited, and the multifunctional smart device will continue to rewrite the future market of outdoor sports GPS device.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field. Although sales of outdoor sports GPS device brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the outdoor sports GPS device field.
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This study considers the Outdoor Sports GPS Device value and volume generated from the sales of the following segments:
Segmentation by product type:handheld device
Wearable device
Segmentation by application:
Glof
Running
Cycling
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Garmin, SUUNTO, Adidas, Bushnell, DeLorme, Nike, Apple, Golife, Bryton, Samsung, SONY, Magellan, Fitbit, TomTom, Polar, Global Sat, Motorola, Gerk, Tomoon, inWatch
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
Key Benefits:
1.The research report provides a detailed analysis of the Outdoor Sports GPS Device Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Outdoor Sports GPS Device Market is provided.
3.Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4.The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.
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Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Outdoor Sports GPS Device market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Outdoor Sports GPS Device?
What are the key outcomes of Porter's five forces analysis of the Outdoor Sports GPS Device market?
Conclusion:
The report concludes with the profiles of major players in the Outdoor Sports GPS Device Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.
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