Global Golf GPS Market Insights Forecasts to 2033

• The Global Golf GPS Market Size was Valued at USD 345.73 Million in 2023
• The Market Size is Growing at a CAGR of 3.30% from 2023 to 2033
• The Worldwide Golf GPS Market Size is Expected to Reach USD 478.12 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Golf GPS Market Size is Anticipated to Exceed USD 478.12 Million by 2033, Growing at a CAGR of 3.30% from 2023 to 2033.

Market Overview

A golf GPS is a machine or mobile application that helps players to properly measure distances on the golf course. A golf GPS makes use of satellite positioning systems to supply real-time information on distances to the front, center, and back of the green, in addition to risks, bunkers, and different vital direction capabilities. These facts allow golfers to make more informed judgments about club selection and stroke strategy, thus enhancing their game. Golf GPS systems can take several forms like portable gadgets, wearable watches, and smartphone apps. Many golf GPS systems have more abilities which include score tracking, digital scorecards, and course mapping for hundreds of golf courses globally. With the rise in popularity of smart technology, golf GPS devices have become a valuable tool for amateur and professional golfers, providing convenience and accuracy on the course.

Report Coverage

This research report categorizes the market for the global golf GPS market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global golf GPS market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global golf GPS market.

Driving Factors

Golf GPS systems have several key benefits that can greatly improve a golfer’s experience on the course. The main benefit is accurate measurement of the distance which allows players to see the exact yards of the green, hazards, and other landmarks. This accuracy allows for more rational golf club selection and shooting decisions, leading to greater efficiency. Additionally, golf GPS systems often have preloaded maps of thousands of courses around the world, eliminating the need for a paper course catalog. These devices also improve the golfer’s pace by providing instant access to distance information without having to search for markers. Additionally, many golf GPS systems include capabilities such as score tracking, statistical analysis, and even digital scorecards to help players analyze their progress and identify fields of improvement.

Restraining Factors

One of the key disadvantages is the reliance on technology, this means that if the GPS signal is weak or lost due to the climate or inadequate satellite coverage the accuracy suffers, resulting in wrong distance measurements. Another downside is the opportunity of battery life concerns, specifically with portable or wearable devices, which might need charging, especially in the course of lengthy rounds or multiday tournaments. Furthermore, certain golf GPS gadgets or apps can be pricey, with premium features and course maps needing a month-to-month charge.

Market Segmentation

The global golf GPS market share is classified into device type, user type, and price range.

The wearable devices segment is expected to hold the largest share of the global golf GPS market during the forecast period.   

Based on the device type, the global golf GPS market is divided into handheld devices, wearable devices, and smartphone apps. Among these, the wearable devices segment is expected to hold the largest share of the global golf GPS market during the forecast period. The surge is being driven by the growing popularity of wearable technology which provides comfort, simplicity of use, and versatility. Golf GPS watches are famous because of their small size and capability to deliver real-time data without the need for any additional gadgets. These wearables frequently comprise advanced features like shot tracking, fitness monitoring, and integration with different clever gadgets, making them appealing to novice and expert golfers.

The amateur golfers segment is expected to grow at the fastest CAGR in the global golf GPS market during the forecast period.   

Based on the user type, the global golf GPS market is divided into amateur golfers, professional golfers, and coaches & instructors. Among these, the amateur golfers segment is expected to grow at the fastest CAGR in the global golf GPS market during the forecast period. This rise is being driven by the growing accessibility and affordability of golf GPS devices, which are becoming popular with beginner or novice golfers. Amateur golfers increasingly search for tools that enhance their game by providing specific distance measurements, route mapping, and other performance-improving features. As more casual players interact with technology to enhance their abilities the increasing need for user-friendly and low-cost golf GPS systems designed specifically for amateurs is rising with each passing day.

The mid-range segment is expected to grow at the fastest CAGR in the global golf GPS market during the forecast period.   

Based on the price range, the global golf gps market is divided into entry-level, mid-range, and premium ranges. Among these, the mid-range segment is expected to grow at the fastest CAGR in the global golf GPS market during the forecast period. This expansion has been driven by the increasing demand for affordable and hybrid devices. Many golfers, especially those who are serious about improving their game but aren’t pros, are looking for GPS devices that offer amazing capabilities like shot tracking, full course maps, and score analysis without the exorbitant price tag that comes with higher-end versions. It serves the growing market by offering strong performance, making this device appealing to a variety of users

Regional Segment Analysis of the Global Golf GPS Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global golf GPS market over the predicted timeframe.

North America is anticipated to hold the largest share of the global golf GPS market over the predicted timeframe. This dominance is due to many factors such as the high popularity of golf, the wide adoption of advanced technologies, and major market players in the region. Technological innovation, coupled with high levels of capital spending encourages North American golfers to invest in GPS technology to improve their game. The strong presence of well-established golf brands and continuous product development also contribute to the lead in the North American golf GPS market

Asia Pacific is expected to grow at the fastest pace in the global golf GPS market during the forecast period. This rapid growth is due to the increasing popularity of golf as a recreational sport, increasing disposable income, and a growing interest in new technologies among golfers in the region. As golf is becoming increasingly accessible and popular across Asia Pacific, particularly in emerging markets such as China and India the demand for advanced golf technology including GPS devices is increasing. Besides the expanding middle class in these countries, the proliferation of new golf courses contributes to golf GPS systems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global golf GPS market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Garmin Ltd.
• Bushnell Golf
• SkyGolf
• GolfBuddy
• Izzo Golf
• Arccos Golf
• Shot Scope Technologies
• Precision Pro Golf
• Callaway Golf Company
• TomTom
• Voice Caddie
• TecTecTec
• Phigolf
• TAG Heuer
• Apple
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2023, Shot Scope launched Shot Scope X5 an advanced GPS watch with a new color touchscreen, enhanced shot tracking, and detailed course maps.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global golf GPS market based on the below-mentioned segments: 

Global Golf GPS Market, By Device Type

• Handheld Devices
• Wearable Devices
• Smartphone Apps

Global Golf GPS Market, By User Type

• Amateur Golfers
• Professional Golfers
• Coaches & Instructors

Global Golf GPS Market, By Price Range

• Entry-Level
• Mid-Range
• Premium Range

Global Golf GPS Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa