openPR Logo
Press release

GPS Fitness Device Market share to grow at 15% CAGR from 2016 to 2023

03-23-2017 12:49 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

GPS Fitness Device Market size forecast grow CAGR 15% from 2016 to 2023. The surge in the demand for these devices can be attributed to the rising health awareness among consumers for heart rate monitors as well as other wearable devices. The number of these devices is likely to reach 120 million units by 2023.

The industry is estimated to experience the spur in demand owing to increasing number of corporate wellness programs. In addition, healthcare providers are likely to prescribe these devices to their patients as a part of treatment to monitor health conditions; this might positively impact the industry over the forecast period. Since these dedicated devices are more suitable for various activities such as hiking, cycling, swimming, trekking, trail running and climbing, it is expected to drive the industry demand over the forecast period.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/270

Features offered by these devices such as ease of use, better functionality and durability accompanied by affordable prices is estimated to propel the industry growth. Increasing demand from emerging markets is anticipated to furnish potential growth avenues to GPS fitness device market. The fitness device aids in monitoring real time fitness, sleep statics, heart rate monitoring, gym training, and also tracks and monitors user’s daily activities to furnish with crucial health insights. These devices are attached to the user’s body and perform functions similar to the smart phone or a tablet.

The GPS fitness device market size can be categorized into wearable device, smart watch, handheld device and smart glass. Changing consumer preferences and increasing demand for fitness devices from diverse age groups is likely to fuel the industry demand. GPS vendors are likely to face high sustenance challenge owing to lower pricing prospects offered by the manufacturers. Entry of new industry participants might pose pricing challenges to the existing players. However, drop in prices is expected to aid in attracting wider consumer base and is likely provide huge growth avenues over the forecast period. Factors such as low battery life and ability of connecting to only one smartphone are estimated to hamper the growth of the industry.

These devices are the combination of various sensors namely motion sensors, GPS, temperature, skin resistance, heart rate, rpm and cadence and pedal force. Motion sensors are mainly use for counting the number of steps taken and are very useful for basic fitness improvisation for all runners. GPS helps in tracking speed and amount of distance covered while travelling. It is mainly used by recreational athletes and professionals. Temperature sensors aids in monitoring the metabolism rate of the body. Skin resistance sensor helps in measuring the amount of sweat excreted by the user.

In addition, heart rate sensors are utilized to measure blood pressure as well as pulse rate during the workout and are mainly useful for recreational athletes as well as professionals. RPM and cadence are useful to retrieve precise biking speed and it is likely to benefit more to dedicated cyclists and tri-athletes. Pedal force sensor is used to measure the amount of force applied while pedalling the cycle and it furnishes with accurate power output data. These factors are responsible for the growth of this industry over the next few years.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/270

Asia Pacific GPS fitness device market size is anticipated to witness significant growth owing to rapidly upgrading healthcare infrastructure amenities and growing health consciousness in developing nations such as China, Taiwan, Korea and India. North America, especially the U.S. wearable device market, is expected to accumulate major industry share due to high patient alertness, advance healthcare technology and encouraging reimbursement policies.

Key industry players in the GPS fitness device market share encapsulate Bushnell Corporation, Samsung, Polar, Citizen, Adidas, Casio, Fitbit, Bryton Incorporated, Samsung, Motorola, L.G, Sony, DeLorme Publishing Company, TomTom NV, Jawbone, Nike Inc., Microsoft, FitnessKeeper Inc., Moov, Misfit, Xiaomi Mi, Swarovski, Garmin International inc., Groundspeak Inc., Mondaine, HOLUX Technology Inc, Withings, Basis, Lowrance Electronics, Runtastic, MiTAC International Corporation, Magellan Navigation, Trimble Navigation Ltd. and Mio among others.

Browse Related Reports:

• Wearable Devices Market Size, Industry Outlook, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Competitive Landscape & Forecast, 2016 - 2023

https://www.gminsights.com/industry-analysis/wearable-devices-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GPS Fitness Device Market share to grow at 15% CAGR from 2016 to 2023 here

News-ID: 479656 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for GPS

Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme …
GPS or Global Positioning System equipment is used to find the real-time location-based accurate information of any vehicle, or other types of assets. GPS detects the person or vehicle that uses the GPS to track its exact location. The location information is stored & transmitted to others, which are connected by the internet using radio, cellular, or satellite modem embedded in the unit. It comprises a GPS module for receiving
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark …
Global Positioning System or GPS equipment market comprises of sales of global positioning systems equipment & related services to determine the ground position of an object through GPS satellites. It is a satellite navigation system that transmits accurate signals that allow GPS equipment to decode or measure the desired location of the satellite. These equipments are smaller in size. With the advent of technologies, it has been possible to develop
Global GPS Fleet Tracking System Market 2020 Industry Analysis by Manufacturers …
The market research report entitled Global GPS Fleet Tracking System Market 2020 by Company, Type and Application, Forecast to 2025 provides analysis on market conditions, trends, capability, key players, opportunities, and geographical analysis. The report proves to be an ultimate solution when it comes to a better understanding of the industry and leads the business growth. The report covers an overview of the segments and sub-segmentations including the product types,
GPS Market analysis report- with Leading players and Major Applications: GPS-Ena …
GPS Market Worldwide Market Reports has announced the addition of the “Global GPS Market Size, Status and Forecast 2019-2025”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Global positioning system (GPS) is a global navigation satellite system that provides information about time and geolocation to the receiver anywhere on or near the earth where four
Location Based Services Market Report 2018: Segmentation by Component (Hardware, …
Global Location Based Services market research report provides company profile for Cisco Systems, Inc., Google Inc., Alcatel-Lucent SA, AT&T Inc., International Business Machines Corporation, Ltd., Qualcomm Inc., Microsoft Corporation, Oracle Corporation, Apple, Inc., and Bharti Airtel, LTD. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue,
GPS Tracking Device Market - Increased Accuracy Of GPS And Decreased In Cost Of …
Navigators and security systems have always been a necessity things of human’s life. The developments of advanced electronics have brought revolutionary changes in these fields. The GPS tracking devices are an electronic device used for tracking location of devices. Most of the tracking systems use GPS module to find out the device position. Many systems also combine communication components such as satellite transmitters to communicate the device location to a