Handheld GPS Device Market size was valued at USD 3.2 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 5.4 Billion by 2033.
In 2022, the global handheld GPS device market was valued at approximately USD 3.1 billion, with a projected compound annual growth rate (CAGR) of 6.2% from 2024 to 2032. North America held a dominant position, accounting for over 35% of the global market share, driven by advanced technological infrastructure and a robust outdoor recreation sector. The market in this region is expected to grow at a steady CAGR of 5.8% during the forecast period. Europe followed, with countries like Germany, France, and the United Kingdom contributing significantly due to their active outdoor culture and high disposable incomes. Europes market is projected to grow at a CAGR of 5.5% during the same period. The Asia Pacific region is experiencing rapid growth in the handheld GPS device market, fueled by increasing disposable incomes, urbanization, and a growing interest in outdoor activities. Countries such as China, Japan, and India are key contributors, with the market in this region expected to grow at the highest CAGR of 7.2% from 2024 to 2032. Opportunities in the market include the integration of advanced technologies like Artificial Intelligence (AI) and Augmented Reality (AR) to enhance device functionality, as well as expansion into emerging economies where rising urbanization and disposable incomes are driving demand. However, the market faces threats from the increasing competition posed by smartphones with built in GPS capabilities, which may reduce demand for dedicated handheld GPS devices among casual users.
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Apple
Garmin
Samsung
SONY
Adidas
Nike
Golife
Fitbit
TomTom
Polar
Motorola
SUUNTO
Bryton
Magellan
Bushnell
DeLorme
Global Sat
Gerk
Tomoon
InWatch
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. 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 Global Handheld GPS Device Market
Handheld GPS Devices
Automotive GPS Devices
Wearable GPS Devices
Marine GPS Devices
Outdoor Activities
Sports and Fitness
Vehicle Navigation
Tracking and Surveillance
Marine Navigation
Online Retailers
Offline Retail Stores
Direct Sales
Individual Consumers
Commercial Users
Military and Defense
Agriculture
GPS
GLONASS
Galileo
BeiDou
Dual-frequency GNSS
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 Global Handheld GPS Device 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. Global Handheld GPS Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Handheld GPS Device Market, By Type
6. Global Handheld GPS Device Market, By Application
7. Global Handheld GPS Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Handheld GPS Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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