Global Recreational, Outdoor, and Fitness GPS Devices Market to Reach $2.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Recreational, Outdoor, and Fitness GPS Devices estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 11.4% over the period 2020-2027.
The U.S. Market is Estimated at $364.3 Million, While China is Forecast to Grow at 11% CAGR
The Recreational, Outdoor, and Fitness GPS Devices market in the U.S. is estimated at US$364.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$461.9 Million by the year 2027 trailing a CAGR of 11% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 9.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.We bring years of research experience to this 19th edition of our report. The 121-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Apple Inc.
- Bryton Inc.
- Garmin International Inc.
- HOLUX Technology Inc.
- Lowrance Electronics
- Magellan Navigation Inc.
- Mio Technology Corporation
- MiTAC International Corporation
- Navman Technology NZ Ltd.
- Samsung Electronics Co., Ltd.
- Satmap Systems Ltd.
- TomTom N.V.