Fast Market Research announces the availability of the new TechNavio report, "Global Outdoor Sports GPS Device Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/09/2015 -- Fast Market Research announces the availability of Technavio's new report "Global Outdoor Sports GPS Device Market 2015-2019" on their comprehensive research portal.
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.
Technavio?s analysts forecast the global outdoor sports GPS device market to grow at a CAGR of 13.21% in revenue from 2014-2019.
Get More Details on this Report and a Full Table of Contents at Global Outdoor Sports GPS Device Market 2015-2019
The report analyst commented, "The introduction of augmented reality technology has taken the experience of using GPS devices to a new dimension. Augmented reality technology allows users to view the real, physical environment live, directly or indirectly, where elements are augmented by computer-generated sensors. This technology is used by vendors such as Garmin, which helps in projecting images in high resolution and allow users to manipulate 3D objects. For instance, the technology helps the user to view the golf course from numerous standpoints. The player can easily identify the greens, water landscapes, bunkers, trees, and the unevenness in the ground that the golfer would not be able to perceive otherwise. The use of augmented reality technology in GPS devices therefore, is an emerging trend that will drive the growth of the overall market."
According to the report, increased usage of wearable devices in sports analytics favors the growth of the market. Outdoor sports GPS devices are predominantly used in sports analytics as they aid in the decision-making process of many games and sports such as football and golf. These devices are used to monitor speed, distance, and the heart rate of players. In addition, the fitness of players can be monitored while they are on the field. Players are trained to improve their fitness based on the gathered information.
Further, the report states that privacy and security of data and information gathered is a serious concern for the market.
The key players in the Global Outdoor Sports GPS Device Market are Bushnell, DeLorme Publishing Company, Garmin International and Magellan Navigation while other prominent vendors include Adidas, Apple, Fitbit, Jawbone, Nike, Samsung and Sony
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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