GPS Fitness Device Market
GPS Fitness Device Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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GPS Fitness Device Market Size and Growth
The GPS fitness device market is poised for significant growth, driven by increasing health awareness and tech adoption. As of 2023, the market size is estimated at $3 billion, with a projected CAGR of 10% through 2028. Key trends include enhanced features and integration with fitness apps and IoT devices.
Companies Covered
(Covid 19 Impact Covered)
◍ Bushnell Corporation
◍ Samsung
◍ Polar
◍ Adidas
◍ Casio
◍ Fitbit
◍ Bryton Incorporated
◍ L.G
◍ Sony
◍ TomTom NV
◍ Jawbone
◍ Nike
◍ Microsoft
◍ FitnessKeeper Inc.
◍ Misfit
◍ Xiaomi Mi
◍ Garmin International inc.
The GPS fitness device market features companies like Garmin and Fitbit, leveraging GPS technology for health tracking. Samsung and Nike innovate with smart wearables, while Polar and TomTom enhance sports performance. Xiaomi and Misfit cater to cost-conscious consumers. These innovations drive market growth through increased adoption and diverse offerings.
- Garmin: $3.5 billion revenue (2022)
- Fitbit: $1.4 billion revenue (2020)
- Samsung: $236 billion revenue (2021)
- Adidas: $22 billion revenue (2021)
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Market Segmentation
By Application
Amateurs
Professionals
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By Product
Wearable Device
Handheld Device
Others
Market Growth
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$ X Billion USD
