The global GPS bike computer market is anticipated to grow at a significant CAGR during the forecast period. A bike computer is a device that is mounted on a bicycle and displays and calculates trip data. It’s similar to the speedometer/odometer found on a car’s dashboard. The device is put on the handlebar so that the rider can see it readily. The basic models display conventional information such as speed, distance travelled, and time, whereas the sophisticated models may track complicated data such as calories burnt, energy level, water %, heart rate, and navigation.
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The GPS bike computer is equipped with several sensors that allow it to track information like speed or cadence, a heart-rate sensor for monitoring the rider’s heart rate, and a rear-wheel sensor. Cycle riders have typically utilised bike computer devices to track their speed, maps, and other information that does not come with the bike.
The rise in health consciousness among individuals is a major aspect driving the global GPS bike computer market forward. Alternative goods such as fitness wearables and smartwatches, on the other hand, are limiting the expansion of the bike computer market. The global GPS bike computer market, on the other hand, is likely to benefit from an increase in the number of cyclists. With the rise in health consciousness among cyclists, the demand for bike computers is growing, as these devices track numerous parameters such as energy level, water %, calories burned, heart rate, and others based on the course and energy effort.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
- Competitive Landscape: Bryton, CATEYE, Garmin, Lezyne, Polar Electro and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global GPS Bike Computers Market by Segments
By Type
- Mapping
- Non-Mapping
By Application
- Fitness and Commuting
- Athletics and Sports
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