Overview
Outdoor Sports GPS Device consists of outdoor navigation and mapping products that give true real-time indoor location accuracy, accurate indoor/outdoor positioning capability, advanced predictive real-time map & positioning applications for professional sports betting, worldwide positioning systems for professional & amateur sports, GPS receivers for military & law enforcement applications, weather monitoring systems, etc. The global outdoor sports GPS device market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global outdoor sports GPS device market is expected to witness significant growth during the forecast period, owing to increasing popularity of wearable devices.
Market Drivers
Increasing use of GPS devices in sports analytics is expected to drive growth of the global outdoor sports GPS device market during the forecast period. GPS devices play a vital role in sports analytics and have been used for a long time. It is used to detect fatigue in matches, compare competition skill levels, identify the most intense periods of play, and compare intensity profiles as per the player’s position. Key players in the market are launching innovative products to boost the use of GPS in sports analytics. For instance, in March 2019, STATS Perform, a U.S.-based sports data company, launched AutoSTATS, an AI-enabled device with computer vision technology to provide comprehensive player-tracking data through any broadcast. Thus, these factors are expected to drive growth of the global outdoor sports GPS device market during the forecast period. Furthermore, increasing popularity of wearable devices is expected to boost the global outdoor sports GPS device market growth over the forecast period.
Market Restraint
Growing competition in the market with the entry of new players is expected to hamper the global outdoor sports GPS device market growth in the near future.
Regional Insights
Among regions, North America is expected to witness significant growth in the global outdoor sports GPS device market during the forecast period. This is owing to the presence of major market players such as Nike, Apple Inc., Fitbit, and DeLorme across the region. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising adoption of wearable devices in the region.
Key companies operating in the global outdoor sports GPS device market are Garmin, Motorola, Nike, Apple Inc., Fitbit, DeLorme, Adidas, Bushnell, SONY, Magellan, Samsung, and Polar.
For instance, in March 2020, Fitbit launched Fitbit Charge 4, a new fitness tracker with built-in GPS and Spotify connect.
In the world economic growth, the Outdoor Sports GPS Device industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Outdoor Sports GPS Device market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Outdoor Sports GPS Device market size will be further expanded, we expect that by 2024, The market size of the Outdoor Sports GPS Device will reach XXX million $.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
Garmin
SUUNTO
Adidas
Bushnell
DeLorme
Nike
Apple
Golife
Bryton
Samsung
SONY
Magellan
Fitbit
TomTom
Polar
Global Sat
Motorola
Gerk
Tomoon
inWatch
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
handheld device
Wearable device
Industry Segmentation
Glof
Running
Cycling
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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