United States Hiking GPS Tracker Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The US hiking GPS tracker market has witnessed significant growth in recent years, driven by increasing demand from outdoor enthusiasts, military, and other industries relying on accurate location tracking for various applications. These trackers are primarily designed to offer real-time navigation, route planning, and safety features, which have proven indispensable for hikers, trekkers, and other adventurers exploring the great outdoors. As more individuals embrace outdoor activities, the demand for hiking GPS trackers has risen sharply, catering to diverse needs and industries.
In terms of market types, hiking GPS trackers can be categorized based on various features such as advanced route planning, satellite communication, water resistance, and durability. These trackers provide reliable positioning data, even in remote or difficult-to-reach areas, where conventional maps and compasses may fail. Such features are particularly sought after by hikers and trekkers, as well as organizations that require accurate geolocation data for navigation in rugged environments.
The hiking GPS tracker market is also driven by industries outside the outdoor recreation sector. For example, military and defense organizations often use GPS tracking technology for navigation during operations in challenging terrain. Emergency response teams and search and rescue units also benefit from hiking GPS trackers, as they enable faster and more efficient identification of locations during rescue missions.
Moreover, technological advancements such as the integration of fitness trackers, heart rate monitors, and real-time weather updates in hiking GPS trackers have bolstered their appeal. The use of wearable GPS technology in industrial applications, such as logistics and supply chain management, is also growing. With the increasing demand for outdoor activities and the growing need for location accuracy in multiple industries, the hiking GPS tracker market is set to continue its upward trajectory in the coming years.
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Garmin
Suunto
Coros
Magellan
Bushnell
Satmap
Bad Elf
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Hiking GPS Tracker Market
Wearable GPS Trackers
Handheld GPS Devices
Smartphone Applications
Integrated GPS Systems (in watches, cameras, etc.)
Casual Hikers
Professional Mountaineers
Outdoor Enthusiasts
Tourists and Travelers
Real-Time Navigation
Topographic Mapping
Route Planning and Management
Fitness Tracking (e.g., step count, heart rate)
Weather Updates and Alerts
Online Retailers
Brick-and-Mortar Stores
Specialty Outdoor Stores
Direct Sales (Manufacturer’s Websites)
Low-cost (Under $100)
Mid-range ($100 - $300)
High-end (Over $300)
Subscription-based Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Hiking GPS Tracker Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Hiking GPS Tracker Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Hiking GPS Tracker Market, By Type
6. US Hiking GPS Tracker Market, By Application
7. US Hiking GPS Tracker Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Hiking GPS Tracker Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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