Market Snapshot:
Outdoor sports GPS devices are the portable gadgets which receive satellite signals. A GPS device providing various functionalities is available in different forms including a handheld device, wearable device such as smart watch & a smart glass. These devices have same mechanism as the smartphones and tablets. The increasing outdoor sports activities coupled with rising popularity of wearable devices globally are the key factors which drive the global outdoor sports GPS devices market growth over coming years.
Segment Analysis
AMA Research have segmented the market of Global Outdoor Sports GPS Device market by Type, Application and Region. On the basis of Type, Wearable Device are dominating the market in the year 2020
On the basis of geography, the market of Outdoor Sports GPS Device 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, Finland, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific region held largest market share in the year 2020. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Rising Popularity of Wearable Devices
Market Drivers
Increasing Use in Sports Analytics and Increasing Participation of People in Leisure and Outdoor Activities Around the Globe
Opportunities
Increasing Investments and Technological Advancements
Restraints
In addition to the aforementioned factor, Increasing Use in Sports Analytics
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Apple Inc. (United States), Garmin (Taiwan), Samsung Group (South Korea), SONY Corporation (Japan), Adidas AG (Germany), Nike, Inc.(United States), GOYOURLIFE INC.(Taiwan), Fitbit, Inc. (United States), TomTom International BV. (The Netherlands) and Bushnell (United States). A lot of Taiwanian, South Korean, and United States players are profiled in the research study indicating a strong market dependence.