PUBLISHER: Market Research Future | PRODUCT CODE: 1559082
PUBLISHER: Market Research Future | PRODUCT CODE: 1559082
Global Cycle Computer Market Research Report By Offering (Cycling Computer{Wired Computer ,Wireless Computer ,GPS Computer} Cycling Sensors{Speed Sensors, Cadence Sensors, Speed/Cadence Dual Mode Sensors, Heart Rate Sensors}), By Application (Fitness & commuting, Athletics & sports), By Bike Type(Mountain Bike , Road Bike.) and By Region (North America, Europe, Asia-Pacific, Rest of the World ) - Forecast Till 2032
The Global Cycle Computer Market is anticipated to experience a robust compound annual growth rate (CAGR) of 5.7% during the review period.
A cycle computer is a device that facilitates the monitoring of cycling performance. It is capable of measuring a variety of parameters, including heart rate, distance, and speed. The majority are equipped with a mount that is designed to be affixed to the handlebars or stem of the bicycle. The motor controller of the majority of electric bicycles contains a microcontroller that calculates input cadence or torque, regulates amperage, controls the motors, and transmits information to the display screen. Cyclists frequently have the ability to adjust the level of power assist that is offered by utilizing a computer. The computer can also deactivate the motor for braking or as mandated by law, in addition to monitoring the speed.
Key actors are compelled to create low-cost, feature-rich, distinctively designed, and user-friendly products in response to the increasing demand for low-cost GPS bike computers in the medium term. For instance, Omata One is a digital data collector instrument that features straightforward analogue displays and a smart and straightforward design. It is equipped with heart rate sensors and ANT+ protocols. It is well-suited for clever GPS bike computers that utilize Bluetooth Low Energy (BLE) and broad three-dimensional dial and power output meters. The GPS cycle computers market is anticipated to benefit from this trend during the forecast period. The capabilities of a budget-friendly GPS cycling computer are advantageous for both training and the exploration of one's current location, as well as for the monitoring of effort and gradients in relation to speed. There are almost undoubtedly as many methods of utilizing GPS on a bicycle as there are cyclists. A low-cost, straightforward GPS cycling computer can capture journeys with significantly more detail than a conventional computer.
Market segment insights
The Cycle Computer Market has been divided into cycling computers and cycling sensors based on the products they offer.
The Cycle Computer Market has been divided into two segments: fitness and commuting and athletics and sports, based on application.
The Cycle Computer Market has been segmented into Mountain cycle and Road Bike based on the type of cycle.
Regional Perspectives
Approximately 32.0% of the cycle computer market was attributed to North America. North America is a prominent local business sector, as evidenced by the increasing use of bicycles as a mode of transportation in the region. The interest in the cycle computer market is increasing because of the adoption of a sustainable lifestyle, genuine employment, and environmentally friendly transportation patterns in North America.
Propelling the European cycle industry is anticipated to stimulate the expansion of the European cycle computer market. The Europe cycle computer market is experiencing development because of the rise in cycling tourism in European countries such as the UK, France, Germany, and the Netherlands. The four modalities of cycling tourism are road cycling, family cycling, mountain biking, and touring/expedition.
The Asia-Pacific cycle computer market is being driven by a combination of factors, including a significant increase in fuel prices, a growing awareness of health, traffic congestion, a scarcity of parking spaces in urban areas, and a growing environmental consciousness among the general population.
Garmin Ltd, CATEYE Co., Ltd, CYCPLUS, SIGMA-ELEKTRO GmbH, Bryton Inc, Polar Electro, Giant Manufacturing Co Ltd, Meilan, Trek bicycle corporation, Wahoo Fitness, iGPSPORT, Stages Cycling, O-synce (Momes GmbH), BBB Cycling, BION INC, LEZYNE, and Hammerhead are among the major players in the cycle computer market.