Industry Background:
The increasing technological innovation in wireless cycle computers will help to boost global Wireless Cycle Computers market in the forecasted period. A wireless cycle computer is capable of all the functions of any wired computer and often more since any currently sold higher-end computer will have wireless as a feature. It can contain mapping and navigation functionality usually means you will need a larger and more expensive unit, with a much more sophisticated display.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Garmin (United States), CatEye (Japan), Pioneer Electronics (United States), Sigma Sport (United Kingdom), Bryton Inc (Taiwan), Giant Bicycles (Taiwan), Raleigh (Accell Group) (United Kingdom), Trek Bicycle (United States), Wahoo Fitness (United States) and Topeak Inc (United States) |
This growth is primarily driven by Rising Growth Owing to the Growing Culture of Racing and Short Camps and Increasing Investments by Manufacturers on Wireless Cycle Computers.
Globally, a noticeable market trend is evident High Adoption of Smart Wireless Cycle Computers
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Garmin (United States), CatEye (Japan), Pioneer Electronics (United States), Sigma Sport (United Kingdom), Bryton Inc (Taiwan), Giant Bicycles (Taiwan), Raleigh (Accell Group) (United Kingdom), Trek Bicycle (United States), Wahoo Fitness (United States) and Topeak Inc (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In December 2023,Medigus Ltd. announced the launch of a unique pilot of a wireless charging solution to meet the growing demand for electric vehicle (EV) charging in automated parking systems. This project was led by Charging Robotics Ltd., an innovator in wireless charging solutions and a subsidiary of Fuel Doctor Holdings Inc., a Delaware corporation listed on the OTC Market and owned by Medigus (67.15%). Charging Robotics specializes in developing cutting-edge wireless charging solutions designed to seamlessly integrate into the evolving landscape of electric vehicle (EV) infrastructure.
In April, 2022 Stages Cycling and Giant are proud to announce the launch of two new GPS cycling computers. The Dash M200 and Dash L200 are available now through both companies' existing global distribution networks.
Influencing Trend:
High Adoption of Smart Wireless Cycle Computers and Growing Marketing and Promotional Strategies
Market Growth Drivers:
Rising Growth Owing to the Growing Culture of Racing and Short Camps and Increasing Investments by Manufacturers on Wireless Cycle Computers
Challenges:
Wireless Cycle Computers is increasing industry specifics.
Restraints:
Up-surging Prices Associated with Wireless Cycle Computers
Opportunities:
Growing Manufacturing Infrastructures in Emerging Economies and Technological Advancements in Manufacturing Processes and Increasing Bicycle Efficiency
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Wireless Cycle Computers Market
- Analysis about New Entrants in Wireless Cycle Computers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Wireless Cycle Computers Study Sheds Light on
The Wireless Cycle Computers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wireless Cycle Computers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wireless Cycle Computers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.