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GPS Watch Tracker Market Key Players | Apple, Garmin, Timex

02-26-2024 01:52 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

GPS Watch Tracker Market Key Players | Apple, Garmin, Timex

As per the study initiated by Evolve Business Intelligence, the global GPS Watch Tracker Market size accounted for USD 2.5 Billion in 2022, growing at a CAGR of 6.7% from 2023 to 2033. The GPS watch tracker market refers to the industry that involves the manufacturing, distribution, and sale of GPS-enabled watches with tracking capabilities. These watches are equipped with Global Positioning System (GPS) technology, allowing them to accurately determine and record the wearer's geographic location in real-time. GPS watch trackers are popular among individuals who engage in outdoor activities such as hiking, running, cycling, and other sports, as well as for personal safety and fitness monitoring.
The market for GPS watch trackers has witnessed significant growth due to increasing interest in fitness and outdoor activities, as well as a growing awareness of personal safety and the benefits of location tracking. The competition in the market has led to continuous innovation, with manufacturers incorporating advanced features to cater to diverse consumer needs. This market is part of the broader wearables and fitness technology industry, contributing to the overall trend of incorporating technology into daily life for health, safety, and convenience.

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Key Highlights:
• The global GPS Watch Tracker Market size was valued at USD 2.5 billion in 2022 growing at a CAGR of 6.7% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global GPS Watch Tracker Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major GPS Watch Tracker Market players holding high market shares include Apple, Garmin, Timex and Polar. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Fitbit
• Suunto
• Apple
• Garmin
• Timex
• Polar
• Bryton Inc.
• Samsung

Segmental Analysis
Market Segment By Type
• Basic GPS Watch
• Smart GPS Watch

Market Segment By Application
• Specialist Retailers
• Factory Outlets
• Internet Sales

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022284

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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