Outdoor Sports Gps Device Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0083352
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.17 |
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The Outdoor Sports GPS Device Market size is estimated to grow at a CAGR of 7.92% between 2022 and 2032. The market size is forecast to increase by USD 1,567.45 million. The growth of the market depends on several factors, including the increasing popularity of outdoor sports activities, rising demand for advanced navigation and tracking devices, and the growing adoption of wearable technology. Outdoor sports GPS devices refer to electronic devices that utilize the Global Positioning System (GPS) to provide accurate location information, navigation assistance, and tracking capabilities for outdoor enthusiasts. These devices are commonly used in activities such as hiking, camping, cycling, and running, among others.
Outdoor Sports GPS Device Market Overview:
Drivers:
One of the key factors driving the outdoor sports GPS device market growth is the increasing popularity of outdoor sports activities. There has been a significant rise in the number of individuals participating in outdoor sports and recreational activities, such as hiking, mountain biking, and trail running. Outdoor sports GPS devices provide essential features like real-time navigation, route planning, and tracking, which enhance the safety and overall experience of outdoor enthusiasts. The growing interest in adventure sports and the desire for exploration are fueling the demand for outdoor sports GPS devices.
Moreover, the rising demand for advanced navigation and tracking devices is also driving the market growth. Outdoor sports GPS devices offer features like accurate positioning, mapping, and waypoint navigation, which are crucial for outdoor activities. These devices provide users with real-time information about their location, elevation, distance traveled, and other relevant data. The integration of advanced technologies, such as satellite communication and wireless connectivity, further enhances the functionality and usability of outdoor sports GPS devices.
Trends:
A key trend shaping the outdoor sports GPS device market is the growing adoption of wearable technology. Manufacturers are developing GPS-enabled smartwatches, fitness trackers, and other wearable devices specifically designed for outdoor sports enthusiasts. These wearable devices combine the functionality of GPS navigation, activity tracking, heart rate monitoring, and other fitness features into a single device. They provide users with real-time data and insights about their performance, route, and health metrics, enhancing the overall outdoor sports experience. The convenience, portability, and multi-functionality of wearable GPS devices are driving their popularity among outdoor sports enthusiasts.
Furthermore, there is a growing focus on rugged and durable designs in outdoor sports GPS devices. Manufacturers are incorporating robust materials, waterproofing capabilities, and shock resistance features to ensure the devices can withstand harsh outdoor conditions. The demand for rugged GPS devices is driven by the need for reliability and durability in extreme environments. Additionally, the integration of long-lasting battery technologies and power-saving features is gaining traction as it allows users to extend the device's battery life during extended outdoor activities.
Restraints:
One of the key challenges hindering the outdoor sports GPS device market growth is the high initial cost of advanced GPS devices. While these devices offer a wide range of features and functionalities, their upfront cost may be a barrier for price-sensitive consumers. The cost factor may limit the adoption of outdoor sports GPS devices, especially in emerging markets or among casual outdoor sports enthusiasts. Manufacturers need to focus on offering affordable options without compromising on essential features to address this challenge.
Outdoor Sports GPS Device Market Segmentation By Application:
The hiking and trekking segment is estimated to witness significant growth during the forecast period. Hiking and trekking are popular outdoor activities that require accurate navigation, route planning, and tracking capabilities. Outdoor sports GPS devices provide hikers and trekkers with real-time location information, trail maps, and safety features, enhancing their overall experience and ensuring their safety in unfamiliar terrains. The increasing interest in adventure tourism and the growing popularity of hiking and trekking among outdoor enthusiasts are driving the demand for GPS devices in this segment.
The cycling segment is also expected to contribute to the market growth. Outdoor sports GPS devices are widely used by cyclists for navigation, tracking performance metrics, and analyzing ride data. These devices provide cyclists with route guidance, elevation profiles, and real-time feedback on speed, distance, and heart rate. The integration of cycling-specific features, such as cadence sensors and compatibility with cycling accessories, further enhances the functionality of GPS devices for cyclists.
Outdoor Sports GPS Device Market Segmentation By Type:
The handheld GPS device segment is expected to dominate the market during the forecast period. Handheld GPS devices offer portability, versatility, and ease of use, making them suitable for a wide range of outdoor sports activities. These devices are compact, lightweight, and can be easily carried in a pocket or attached to a backpack. Handheld GPS devices provide users with accurate positioning, navigation assistance, and tracking capabilities, making them essential tools for outdoor enthusiasts.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global outdoor sports GPS device market during the forecast period. The region has a high participation rate in outdoor sports activities, including hiking, cycling, and camping. The presence of well-established outdoor sports infrastructure, favorable government initiatives promoting outdoor recreation, and a tech-savvy population drive the demand for GPS devices in North America.
Europe is also expected to witness substantial growth in the outdoor sports GPS device market. The region has a strong outdoor sports culture, with a large number of individuals participating in activities like hiking, skiing, and mountaineering. The demand for GPS devices is driven by the need for navigation assistance, safety, and performance tracking in outdoor sports.
Outdoor Sports GPS Device Market Customer Landscape:
The outdoor sports GPS device market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Outdoor Sports GPS Device Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Garmin Ltd: The company offers a wide range of outdoor sports GPS devices, including handheld GPS units, smartwatches, and cycling computers.
Suunto Oy: The company specializes in outdoor sports GPS devices for activities like hiking, running, and swimming.
Polar Electro Oy: The company provides GPS-enabled sports watches and fitness trackers for outdoor sports enthusiasts.
Some of the major companies operating in the outdoor sports GPS device market include:
- Garmin Ltd.
- Suunto Oy
- Polar Electro Oy
- TomTom International BV
- Magellan Navigation Inc.
- Bryton Inc.
- Apple Inc.
- Samsung Electronics Co., Ltd.
- Fitbit, Inc.
- Casio Computer Co., Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The outdoor sports GPS device market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Hiking and Trekking
o Cycling
o Running
o Water Sports
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Handheld GPS Devices
o Wearable GPS Devices
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Content
Chapter 1 About the Outdoor Sports GPS Device Industry
1.1 Industry Definition and Types
1.1.1 Handheld
1.1.2 Wearable Device
1.2 Main Market Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market Competition Landscape
2.1 Outdoor Sports GPS Device Markets by Regions
2.1.1 USA
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.2 Europe
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.3 China
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.4 India
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.5 Japan
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.1.6 South East Asia
Market Revenue (M USD) and Growth Rate 2014-2024
Sales and Growth Rate 2014-2024
Major Players Revenue (M USD) in 2019
2.2 World Outdoor Sports GPS Device Market by Types
Handheld
Wearable Device
2.3 World Outdoor Sports GPS Device Market by Applications
Golfing
Running
Cycling
Hiking
Others
2.4 World Outdoor Sports GPS Device Market Analysis
2.4.1 World Outdoor Sports GPS Device Market Revenue and Growth Rate 2014-2019
2.4.2 World Outdoor Sports GPS Device Market Consumption and Growth rate 2014-2019
2.4.3 World Outdoor Sports GPS Device Market Price Analysis 2014-2019
Chapter 3 World Outdoor Sports GPS Device Market share
3.1 Major Production Market share by Players
3.2 Major Revenue (M USD) Market share by Players
3.3 Major Production Market share by Regions in 2019, Through 2024
3.4 Major Revenue (M USD) Market share By Regions in 2019, Through 2024
Chapter 4 Supply Chain Analysis
4.1 Industry Supply chain Analysis
4.2 Raw material Market Analysis
4.2.1 Raw material Prices Analysis 2014-2019
4.2.2 Raw material Supply Market Analysis
4.2 Manufacturing Equipment Suppliers Analysis
4.3 Production Process Analysis
4.4 Production Cost Structure Benchmarks
4.5 End users Market Analysis
Chapter 5 Company Profiles
5.1 Apple
5.1.1 Company Details (Foundation Year, Employee Strength and etc)
5.1.2 Product Information (Picture, Specifications and Applications)
5.1.3 Revenue (M USD), Price and Operating Profits
5.2 Garmin
5.2.1 Company Details (Foundation Year, Employee Strength and etc)
5.2.2 Product Information (Picture, Specifications and Applications)
5.2.3 Revenue (M USD), Price and Operating Profits
5.3 SONY
5.3.1 Company Details (Foundation Year, Employee Strength and etc)
5.3.2 Product Information (Picture, Specifications and Applications)
5.3.3 Revenue (M USD), Price and Operating Profits
5.4 Adidas
5.4.1 Company Details (Foundation Year, Employee Strength and etc)
5.4.2 Product Information (Picture, Specifications and Applications)
5.4.3 Revenue (M USD), Price and Operating Profits
5.5 Nike
5.5.1 Company Details (Foundation Year, Employee Strength and etc)
5.5.2 Product Information (Picture, Specifications and Applications)
5.5.3 Revenue (M USD), Price and Operating Profits
5.6 Golife
5.6.1 Company Details (Foundation Year, Employee Strength and etc)
5.6.2 Product Information (Picture, Specifications and Applications)
5.6.3 Revenue (M USD), Price and Operating Profits
5.7 Fitbit
5.7.1 Company Details (Foundation Year, Employee Strength and etc)
5.7.2 Product Information (Picture, Specifications and Applications)
5.7.3 Revenue (M USD), Price and Operating Profits
5.8 TomTom
5.8.1 Company Details (Foundation Year, Employee Strength and etc)
5.8.2 Product Information (Picture, Specifications and Applications)
5.8.3 Revenue (M USD), Price and Operating Profits
5.9 Polar
5.9.1 Company Details (Foundation Year, Employee Strength and etc)
5.9.2 Product Information (Picture, Specifications and Applications)
5.9.3 Revenue (M USD), Price and Operating Profits
5.10 Samsung
5.10.1 Company Details (Foundation Year, Employee Strength and etc)
5.10.2 Product Information (Picture, Specifications and Applications)
5.10.3 Revenue (M USD), Price and Operating Profits
Chapter 6 Globalisation & Trade
6.1 Business Locations
6.2 Supply channels
6.3 Marketing strategy
6.4 Barriers to Entry
Chapter 7 Distributors and Customers
7.1 Major Distributors and contact information by Regions
7.2 Major Customers and contact information by Regions
Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
8.1 USA
8.2 Germany
8.3 China
8.4 Japan
8.5 India
Chapter 9 World Outdoor Sports GPS Device Market Forecast through 2024
9.1 World Outdoor Sports GPS Device Demand by Regions Forecast through 2024
9.2 World Outdoor Sports GPS Device Price(by Regions, Types, Applications)Analysis Forecast through 2024
9.3 World Outdoor Sports GPS Device Revenue (M USD)(by Regions, Types, Applications) Forecast through 2024
9.4 World Outdoor Sports GPS Device Market Analysis
9.4.1 World Outdoor Sports GPS Device Market Revenue and Growth Rate 2014-2019
9.4.2 World Outdoor Sports GPS Device Market Consumption and Growth rate 2014-2019
9.4.3 World Outdoor Sports GPS Device Market Price Analysis 2014-2019
Chapter 10 Key success factors and Market Overview
Tables and figures
Table Main Market Activities by Regions
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Market Revenue (M USD) and Growth Rate 2014-2024
Table Major Players Revenue (M USD) in 2019
Table Major Production Market share by Players 2019
Table Major Revenue (M USD) Market share by Players 2019
Table Production Market share by Major Regions in 2014-2019
Table Production Market share by Major Regions in 2019-2024
Table Revenue (M USD) Market share by Regions in 2014-2019
Table Revenue (M USD) Market share by Regions in 2019-2024
Table Industry Supply chain Analysis
Table Raw material Prices Analysis 2014-2019
Table Raw material Suppliers Market Analysis
Table Manufacturing Equipment Suppliers Analysis
Figure Production Process Analysis
Figure Production Cost Structure
Table major End Users by Regions
Table Apple Information List
Figure Outdoor Sports GPS DeviceOutdoor Sports GPS Device Picture, Specifications and Applications of Apple
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Apple 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Apple 2018-2019
Table Garmin Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Garmin
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Garmin 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Garmin 2018-2019
Table SONY Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of SONY
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of SONY 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of SONY 2018-2019
Table Adidas Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Adidas
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Adidas 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Adidas 2018-2019
Table Nike Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Nike
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Nike 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Nike 2018-2019
Table Golife Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Golife
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Golife 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Golife 2018-2019
Table Fitbit Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Fitbit
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Fitbit 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Fitbit 2018-2019
Table TomTom Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of TomTom
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of TomTom 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of TomTom 2018-2019
Table Polar Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Polar
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Polar 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Polar 2018-2019
Table Samsung Information List
Figure Outdoor Sports GPS Device Picture, Specifications and Applications of Samsung
Table Outdoor Sports GPS Device Sales Volume, Price, Operating Cost, Operating Profits, Revenue (M USD) and Profits Margin of Samsung 2018-2019
Figure Outdoor Sports GPS Device Sales Volume and World Market Share of Samsung 2018-2019
Table Business Locations
Figure Supply channels
Figure Marketing strategy
Table Barriers Analysis to Entry
Table Major Distributors and contact information by Regions
Table Major Customers and contact information by Regions
Table USA Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Germany Supply, Import, Export, Consumption and Consumption Value(M USD)
Table China Supply, Import, Export, Consumption and Consumption Value(M USD)
Table Japan Supply, Import, Export, Consumption and Consumption Value(M USD)
Table India Supply, Import, Export, Consumption and Consumption Value(M USD)
Table World Demand by Regions Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
Table World Price by Regions Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
Table World Price by Types Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
Table World Price by Applications Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
Table World Revenue (M USD) by Regions Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
Table World Revenue (M USD) by Types Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
Table World Revenue (M USD) by Applications Forecast Analysis of Outdoor Sports GPS Device (2019-2024)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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