$1.2 Billion Worldwide Recreational, Outdoor, and Fitness GPS Devices Industry to 2027 – U.S. Market is Estimated at $364.3 Million – ResearchAndMarkets.com | Financial Buzz

$1.2 Billion Worldwide Recreational, Outdoor, and Fitness GPS Devices Industry to 2027 – U.S. Market is Estimated at $364.3 Million – ResearchAndMarkets.com

The “Recreational, Outdoor, and Fitness GPS Devices – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Recreational, Outdoor, and Fitness GPS Devices estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 11.4% over the period 2020-2027.

The U.S. Market is Estimated at $364.3 Million, While China is Forecast to Grow at 11% CAGR

The Recreational, Outdoor, and Fitness GPS Devices market in the U.S. is estimated at US$364.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$461.9 Million by the year 2027 trailing a CAGR of 11% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 9.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Select Competitors (Total 59 Featured):

  • Apple Inc.
  • Bryton Inc.
  • Garmin International Inc.
  • HOLUX Technology Inc.
  • Lowrance Electronics
  • Magellan Navigation Inc.
  • Mio Technology Corporation
  • MiTAC International Corporation
  • Navman Technology NZ Ltd.
  • Samsung Electronics Co., Ltd.
  • Satmap Systems Ltd.
  • TomTom N.V.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Positioning System (GPS): An Introductory Prelude
  • Recent Market Activity
  • GPS Technology – Expanding Opportunities in Recreation, Outdoor & Fitness Verticals
  • Spectacular Growth on the Cards for Recreational, Outdoor & Fitness GPS Devices
  • Upward Trajectory in the CE Sector Creates Fertile Environment
  • Rising Interest in Sophisticated Lifestyle Gadgets Maintains Growth Momentum
  • Developed Regions Rapidly Evolve as Primary Consumers of GPS Devices
  • Potential Opportunities Prevail in Developing Regions
  • Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • Apple, Inc. (USA)
  • Bryton, Inc. (Taiwan)
  • Bushnell Corporation (USA)
  • Garmin International, Inc. (USA)
  • HOLUX Technology, Inc. (Taiwan)
  • Lowrance Electronics (USA)
  • MiTAC International Corporation (Taiwan)
  • Magellan Navigation, Inc. (USA)
  • Mio Technology Corporation (Taiwan)
  • Navman (New Zealand)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Satmap Systems Ltd. (UK)
  • TomTom N.V. (The Netherlands)

3. MARKET TRENDS & DRIVERS

  • Recreational & Fitness Products Spearhead Market Growth
  • GPS Wristwatches: Mainstay for Fitness GPS Businesses
  • Product Innovations Spur Momentum in GPS Watches Vertical
  • Outdoor Sports GPS Devices Rise in Demand
  • Rising Interest in Golf Offers Lucrative Prospects
  • GPS-Integrated Cycle Computers – A Growing Market
  • GPS Devices to Draw Future Growth from Non-Professional Segment
  • Handheld GPS Devices Continue to Rise in Demand
  • GPS Based Analytics – An Upcoming Potential Market
  • HUDs Garner Growing Interest
  • Augmented Reality Finds Place in GPS Devices
  • GPS Evolves into USP for Digital Cameras & Mobile Handsets
  • Smartphone Apps – A Threat & Boon for GPS Device Makers
  • GPS Leaders Jump onto Smartphone GPS Bandwagon
  • Navigation Software Enabled Smartphones & Tablets Upstage PND Market
  • Favorable Demographic & Socio-Economic Trends Augur Well
  • Rapid Growth in Urban Households
  • Burgeoning Middle Class Population
  • Rising Living Standards
  • Stable Economic Scenario
  • Privacy Concerns – A Key Challenge to Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/n5ov25

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