A global study on GPS for the bike carried out by BoHerald has highlighted that the demand for GPS devices for bikes has been increasing on a large scale. The study underlined that the increasing use of bikes in comparison to four vehicles has led to high demand for GPS devices for the bike. The major regions of the US, Europe, and the other Asia Pacific regions have witnessed a rise in the demand of GPS-enabled bikes.
According to the study, the high-traffic on the roads has prompted people across the world to ride on bikes on a daily basis. This has resulted in the use of the GPS system in bikes on a large scale which has left companies to manufacture bikes with GPS devices installed in it. Following this change, many new players have emerged which provide innovative GPS technology for vehicle navigation. The various popular giants in this field such as Garmin, Lezyne, Magellan, Polar, CatEye etc have also taken a significant growth over the course of time.
The availability of new features in the GPS has spiked the global demand for GPS for bikes at a significant rate. And various factors have driven the use of GPS enabled bikes over the last few years. The study pointed out that since the last five years, there is an average growth of 20% in the revenue of GPS companies on a yearly basis. And the establishment of various small units of GPS trackers has also contributed to easy access to GPS devices for people. To know more about the GPS tracker sources, you can check here: gpswox.com/en/supported-gps-trackers/gosafe