LONDON, Aug 04, 2011 (BUSINESS WIRE) -- The Launch of Nike/TomTom's GPS fitness watch has given the market the shot in the arm it needed, with new devices, applications, and companies helping to drive forecasts for fitness GPS shipments beyond the 10 million mark.

Garmin has responded to the challenge positively with the latest edition of its Forerunner series, the 610, a watch featuring slim line ergonomics and responsive touch user interface. Garmin's Outdoor and Fitness division delivered 27% of the company's total operating income for 2010, and saw a 25% increase in fitness sales for 2Q11. Telematics and navigation senior analyst Patrick Connolly said, "Garmin remains by far the dominant player in this expanding market, with over 90% of the market share, but it will face some new emerging competition."

Polar, Citizen, and Casio have also made announcements around new GPS fitness devices. Polar launched its RCX5 training computer, which features a GPS accessory. Citizen has also taken steps to integrate GPS into its watches with the Appleseed. Although the watch has no clear fitness application and clocks in at over $4000, the GPS technology is expected to filter into future watch lines. Additionally, Casio announced its prototype watch that features Bluetooth 4.0 for smartphone synching. It has stated that it plans to incorporate public transport and fitness functionality via GPS in the near future.

Source: MarketWatch (press release)