Whether the Apple smart watch rumor is true or not, the GPS fitness watch market is set to reach $1.07 billion in 2013, according to ABI Research’s latest quarterly “GPS & GNSS” Market Data which forecasts fitness watches split by price tier.
Senior analyst Patrick Connolly said, “Low cost watches rapidly emerged in 2012, and are forecast to take a significant chunk of the market in 2013. From a competitive point of view, projected GPS IC shipment estimates indicate leading watch, fitness apparel, and electronics vendors are planning to release new products in this space in 2013. In 2012, Motorola’s MOTOACTV watch was a great example of how a new entrant can instantly win market share with a strong feature set and good price point.”
But it’s not just the established names that are getting involved. At CES, there was a lot of activity around health/fitness watches from start-ups such as Leikr, Pebble, Basis and others. I’m Here and Bia Sport could shake up the GPS fitness device market in 2013 with cellular-connected GPS fitness watches. There is also a huge opportunity for smaller players to work with major application developers like Runkeeper, as a distribution channel. Device manufacturers need to accept that users now have a familiarity and bank of data with certain applications. The ability to tie in data from a device rather than migrating to a whole new analytics package will be enticing for many.
Dominique Bonte added, “There have already been unfounded rumors around Apple in 2013, so let’s wait and see. If an Apple watch did feature integrated GPS, it would no doubt significantly boost shipment forecasts in 2013.”
These findings are part of ABI Research’s GPS & GNSS Research Service.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500 .
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
Asia: +65 6950.5670