Press release
Outdoor Sports GPS Device Market: Competitive Dynamics & Global Outlook 2023
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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Global Outdoor Sports GPS Device Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Outdoor Sports GPS Device will register a 38.7% CAGR in terms of revenue, reach US$ 69900 million by 2023, from US$ 9820 million in 2017.
Global Outdoor Sports GPS Device Market: Key Players
Garmin
SUUNTO
Adidas
Bushnell
DeLorme
Nike
Apple
Golife
Bryton
Samsung
SONY
Magellan
Fitbit
TomTom
Polar
Global Sat
Motorola
Gerk
Tomoon
inWatch
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Related Information:
United States Outdoor Sports GPS Device Market Research Report 2018
Europe Outdoor Sports GPS Device Market Research Report 2018
North America Outdoor Sports GPS Device Market Research Report 2018
Asia-Pacific Outdoor Sports GPS Device Market Research Report 2018
China Outdoor Sports GPS Device Market Research Report 2018
EMEA Outdoor Sports GPS Device Market Research Report 2018
Global Outdoor Sports GPS Device Market Research Report 2018
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