About GPS Bike Computers
A GPS bike computer is a navigation device that can be mounted on the handlebars of a bicycle. This cycling computer receives satellite signals through GPS and helps users to monitor their rides and track their cycling performance. It also tracks the users progress on the road and helps them create new routes or follow a pre-planned route and view the progress in real time.
Technavio’s analysts forecast the global GPS bike computers market to grow at a CAGR of 6.7% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global GPS bike computers market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global GPS Bike Computers Market 2018-2022
Technavio recognizes the following companies as the key players in the global GPS bike computers market: Bryton, CATEYE, Garmin, Lezyne, and Polar Electro.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of GPS bike computers with analog display and digital data collection. Consumers are steadily using bicycles for commuting and participating in cycling sports and events, due to the growing health consciousness globally. This is driving the need for bike computers that are cost-effective, easy to use, and uniquely designed.”
According to the report, one driver in the market is growing adoption of smart cycling products. Owing to the growing health-consciousness and integration of smart wearable devices by the consumers, vendors are being encouraged to develop innovative products. One of the key vendors has offered a combination of enhanced navigation and performance and cycling awareness, supported with a lightweight design.
Further, the report states that one challenge in the market is declining bicycle use due to rising pollution levels. The air quality across the globe has declined over the years, which has exposed people to various health problems such as frequent headaches, lung cancer, heart problems, strokes, and chronic, acute respiratory diseases such as asthma.
Bryton, CATEYE, Garmin, Lezyne, and Polar Electro