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

DUBLIN--(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