GPS watch is an integrated watch with GPS receiver which is strapped onto a wrist. The growing adoption of technologically advanced products is one of the major factors supporting the growth of GPS watches market. The GPS watches markets is highly competitive with a large number of players operating in it. Some of the emerging players in the market are focusing on offering GPS watches with advanced features at competitive prices.
MARKET DYNAMICS
Increasing adoption of fitness tracking devices, growing adoption of technologically advanced products, and growing disposable incomes are the major factors supporting the growth of the GPS watches market. However, high costs of GPS watches might hinder the growth of the GPS watches market. North America is expected to hold a significant share of GPS watches market owing to the rapid adoption of new technologies in the region.
MARKET SCOPE
The "Global GPS Watches Market Analysis to 2028?" is a specialized and in-depth study of the GPS watches market with a special focus on the global market trend analysis. The report aims to provide an overview of GPS watches market with detailed market segmentation by propulsion type, power type, vehicle type and geography. The global GPS watches market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading GPS watches market players and offers key trends and opportunities in the GPS watches market.
MARKET SEGMENTATION
The global GPS watches market is segmented on the basis of type and application. Based on type, the market is segmented as GPS heart rate watches, GPS step counting watches, and others. On the basis of application, the market is segmented as training, racing, hiking, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global GPS watches market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The GPS watches market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting GPS watches market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the GPS watches market in these regions.
MARKET PLAYERS
The reports cover key developments in the GPS watches market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from GPS watches market are anticipated to lucrative growth opportunities in the future with the rising demand for GPS watches market. Below mentioned is the list of few companies engaged in the GPS watches market.
The report also includes the profiles of key GPS watches market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Apple, Inc.
- CASIO COMPUTER CO., LTD.
- Citizen Watch Co., Ltd.
- Decathlon Sports India Pvt Ltd.
- Garmin Ltd.
- Gonoise
- Polar Electro Oy
- Soleus Running
- SUUNTO
- Timex.com, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.