Navigation Device Shipments to Show 22.5% Compound Annual Growth to 2012, says ABI Research
Written by ABI Research
Thursday, 25 October 2007
SINGAPORE--(BUSINESS WIRE)--Shipments of navigation devices worldwide
will continue to increase from 2007 to 2012, with a compound annual
growth rate (CAGR) of 22.5%, according to a new forecast from ABI
Research.
Europe will command a 53% share of the global market in 2007, and will remain the primary navigation devices market throughout the forecast period. However the Asian market shows the most rapid growth with a CAGR of 27%.
Sales of personal navigation devices (PNDs) have increased rapidly in recent years. More than 29 million PNDs will have been shipped during 2007, thanks to high growth rates in both North American and European markets. In-car navigation systems are the major navigation products in Asian markets due to the high penetration rate of OEMs in Japan. “However,” says research analyst Wang Tao, “with the development of location-based services (LBS), more and more value-added navigation services have been launched with GPS-enabled PDAs and smartphones. PNDs will face a new challenge coming from GPS-enabled mobile devices. In 2012, GPS-enabled PDAs and smartphones will comprise 23% of all navigation device shipments.”
Research director Mike Ippoliti adds, “The PND form-factor has many advantages, and will not be pushed aside by handset-based navigation services.”
ABI Research’s “Automotive Navigation Market Data” (http://www.abiresearch.com/products/market_data/Automotive_ Navigation_Forecasts) presents both OEM and aftermarket forecasts for automotive navigation systems in the worldwide market. It provides a database of in-car navigation systems, PNDs, GPS-enabled PDAs and smartphone shipments and market revenue in different regions. It forms part of two ABI Research Services, Automotive Infotainment (http://www.abiresearch.com/products/service/Automotive_Infotainment _Research_Service), and Location Aware Services (http://www.abiresearch.com/products/service/Location_Aware_Services), which include Research Reports, Research Briefs, other Market Data products, Online Databases, ABI Vendor Matrices, ABI Insights, and analyst inquiry support.
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Founded in 1990 and headquartered in New York, ABI Research maintains global operations supporting annual research programs, intelligence services and market reports in broadband and multimedia, RFID & contactless, M2M, wireless connectivity, mobile wireless, transportation, and emerging technologies. For information visit www.abiresearch.com, or call +1.516.624.2500.
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