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

·3-min read

DUBLIN, August 05, 2021--(BUSINESS WIRE)--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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210805005457/en/

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