Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Handheld
GPS Market makes an offering of in-depth analysis of segments and sub-segments
in the regional and international Handheld GPS Market. The research also
emphasizes on the impact of restraints, drivers, and macro indicators on the regional
and global Handheld GPS Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global Handheld
GPS Market is offered. In accordance with the report, the global Handheld GPS Market
is projected to expand at a CAGR of xxx% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Handheld GPS is
a gadget that is used for hiking, cycling, golfing and other applications to
provide location and time irrespective of any weather conditions.
Handheld GPS are
usually lightweight, waterproof and easy to handle. They have a battery life
that can last for up to 22 hours. Most of the models of handheld GPS market
comes in variety of shapes and colors and an expandable-memory facility. In
2007, Garmin introduced “eTrex” GPS machine, which had enhanced features such
as high sensitivity receiver, city database, highway maps, etc. Handheld GPS
are now enabled by touch screen facility. All these factors are the major key
drivers for growth of handheld GPS market globally in the forecast period. Handheld
GPS are very easy to use and low in cost, therefore many consumers specially
hikers prefer using the GPS machine for their hiking expeditions.
However, the
major factor that may hinder the growth of global handheld GPS market in the
forecast period is the lack of effectiveness and reliability due to inaccurate
information. Signal failure and limited battery life may also lead to declined
growth of this market.
Many
manufacturers are now spending their earnings in research and development
thereby strengthening their position in the market. They are now focusing on equipment
innovation, technology improvement, brand establishment and training, thereby
improving the competitive scenario of the Handheld GPS device industry. Garmin
a pioneering leader for Handheld GPS products, recently launched a unique “Rock
N Roller” device that can be incorporated with the handheld GPS device to allow
one-handed operation, shaded relief and satellite imagery mapping, with 3 inch
screen and high resolution.
The spread of
Covid-19 has affected major industries, thereby experiencing destabilizing
impact of the pandemic. However, handheld GPS market has seen increase in sales
in the current situation.
Segment Covered:
This market
intelligence report on the global Handheld GPS Market encompasses market
segments based on product type, application and country/regions.
In terms of type, the global Handheld GPS Market is segregated into :
§ General Handheld GPS
§ Wireless Intercom Handheld GPS
§ Digital Map Handheld GPS
§ Others
By country/region, the global Handheld GPS Market has been divided into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ GARMIN Ltd
§ Magellan GPS
§ Lowrance
§ Bushnell Corporation
§ Sunnto Oy
§ Bryton Inc
§ DeLorme and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Handheld GPS related investment & spending and
developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Handheld GPS Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Handheld GPS Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Garmin, Magella,
Lowrence, Bryton and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Handheld GPS Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Handheld GPS Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Handheld GPS Market
v
Identification
of key factors driving investment opportunities in the Handheld GPS Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants