The global GPS bike computers market is expected to grow at a significant CAGR during the forecast period. The GPS bike computer is a type of device that works on a navigation principle and receives satellite-based signals via GPS (Global Positioning System). These Devices can be allocated on the handlebars of a bike and enables the user to monitor and track the performance and progress on road. The GPS built-in bike or bicycle allows users to explore and identify new routes and is applicable to convey details about progress in real-time. The rising penetration of smart cycling products with the rising integration of GPS based smartwatches is a major factor that is expected to drive the market growth of the global GPS bike computers market.
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The growing awareness and consciousness about fitness and healthy lifestyle raise the adoption of bikes among people. This is expected to witness significant growth for the global GPS bike computers market during the forecast period. The unique and efficient feature offered by GPS bike computers attracts more consumers due to its exclusive design, economic cost and easy to use application. Thus, it will emerge as a significant market driver for the growth of the global GPS bike computers market and is expected to create ample growth opportunities during the forecast period.
The ongoing recent development in the production and manufacturing of GPS bike computers is anticipated to boost the market growth during the forecast period. The assisting function of the GPS to inform the detail about routes and current speed, maximum speed and average speed are some emerging technologies that are expected to create lucrative growth opportunities for the global GPS bike computers market. Additionally, the rising OEMs focus to design advanced features including virtual training partners to keep track of a performance level and assure training plan. This will be projected to witness ample growth opportunities for the global gps bike computers market during the forecast period.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
- By Product Type
- By Application
- Competitive Landscape- Bryton Inc., CatEye Co., Ltd., Lezyne Inc, Polar Electro Oy and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global GPS Bike Computers Market by Segment
By Product Type
- Non-Mapping
- Mapping
By Application
- Fitness
- Communicating
- Athletics
- Sports
A full report of GPS Bike Computers Market is available at: https://www.omrglobal.com/industry-reports/gps-bike-computers-market
GPS Bike Computers Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Bryton Inc.
- CatEye Co., Ltd.
- Lezyne Inc
- Polar Electro Oy
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