About Gps Smart Shoes
Gps smart shoes are the shoes that are embedded with a number of sensors and other electronic devices like GPS devices to track fitness and evaluating health metrics, and prompt the user where to go, and can simultaneously record steps, calories, and distance traveled. Increasing Health awareness results in a growing number of physical practices such as running, jogging, and participation in sports activities have been rising the demand for Gps smart shoes. Additionally, Gps smart shoes are easily available due to the online channel and the increasing popularity of smart shoes due to increased promotional activities by the key players on the social media sites are the major key driver for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Gps Smart Shoes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Digitsole (France), Nike (United States), Adidas AG (Germany), Puma SE (Germany), Salted Venture (South Korea), TRAQshoe (United States), SmartSole (United States), Under Armour Inc. (United States), Vivobarefoot Limited (United Kingdom), POWERLACE TECHNOLOGY (Canada) and Zhor-Tech (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Xiaomi Corporation (China) and Boltt (India).
Segmentation Overview
AMA Research has segmented the market of Global Gps Smart Shoes market by Type (Step counting shoes, Positioning shoes, Navigation shoes, Zero gravity Shoes and Others), Application (Walking, Running, Sports and Others) and Region.
On the basis of geography, the market of Gps Smart Shoes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Self-Lacing Technology will boost the Gps Smart Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce, Company Website} will boost the Gps Smart Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Male will boost the Gps Smart Shoes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Emergence of Self-Lacing Technology in Smart Shoes that Allows an Automatic Lacing
Market Growth Drivers:
Increasing Demand for Health Analytical Smart Shoes due to Increasing Health Awareness among People across the Globe and Increasing Demand as the Gps Smart Shoes are Easily Available due to Online Channel
Challenges:
Lack of Awareness and Presence of Alternative for Health Analytics such as SmartWatch
Restraints:
High Cost of GPS Smart Shoes and lesser Demand from many Geographical Regions such as the Middle East and Africa
Opportunities:
Increasing Popularity for Sport and Changing LifeStyle will grow the market and Rising Disposal Income and Increasing Popularity for Connected Shoes
Market Leaders and their expansionary development strategies
In June 2018, GTX Corp, an IoT platform and global provider of GPS tracking and monitoring wearable and wandering assistive technology, announced the launch of the GPS SmartSole in size small and the new GPS Invisabelt designed for toddlers and kids
In April 2022, GTX Corp., a pioneer in the field of location based wearable GPS human and asset tracking systems and ProteGear.com, a German IT/GPS tracking specialist company, announced their cooperation to launch the latest generation of the GPS SmartSole product based upon LTE Cat M1 technology.
Key Target Audience
Gps Smart Shoes Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.