The global demand for Cycle Computer Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A bike computer is an instrument or device that is fixed on a bike that shows and calculates the trip facts and figures. It is likely to the speedometer/odometer seen on the dashboard of a car. The instrument is attached on the handlebar so that it is easily visible and accessible to the rider. The bike computer device is also known as cyclocomputer. There are numerous versions to it, the basic models show standard details such as the speed, trip distance, and time, whereas, the advanced models can track complex data such as calories burned, energy level, water percentage, heart rate, and navigation. The cyclocomputer comes with various sensors with the help of which the device can track the details such as speed or cadence sensor, heart-rate sensor for monitoring the rider's heart-rate and rear wheel sensor. The cyclocomputer devices are traditionally used by cycle riders for tracking the speed, maps, and other details which do not come along with the cycle.
Market Dynamics
With the increase of health-consciousness among bicycle users, the demand for bike computers is increasing as these devices track various details such as energy level, water percentage, calories burned, heart-rate, and others that are based on the course and energy exertion. Furthermore, the GPS navigation provided by bike computer devices is projected to assist the cycle riders with maps for a better commute. These are the factors driving the market growth. In addition to this, rising trend of cycling activities especially in developed country is boosting the demand. However, lack of awareness of the product may hamper the global cyclocomputer market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cycle computer.
Market Segmentation
The entire cycle computer market has been sub-categorized into product type, sensor type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Wired Computer
- Wireless Computer
By Sensor Type
- Rear Wheel Sensor
- Speed/Cadence Sensor
- Gradient Sensor
- Heart Rate Sensor
By Application
- Fitness & Commuting
- Athletics & Sports
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for cycle computer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cycle Computer Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cycle computer market include CatEye, Garmin, Pioneer Electronics, KNOG, Giant Bicycles, VDO Cyclecomputers, VETTA, Sigma Sport, Bryton Inc., Polar. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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