London—Sept. 17, 2013—Despite the continued decline of personal navigation devices (PNDs), and the threat of smartphones, smart watches and eyewear, the portable GPS-enabled device market is forecast to continue to hold its own thanks to dedicated (head-up display) HUD/eyewear, cycling and health/tracking devices.
ABI Research’s quarterly global navigation satellite systems (GNSS) database forecasts the new and emerging markets for GPS-enabled devices, and where the opportunities lie in terms of device formats and vertical markets. The report also considers the impact of competitive formats, such as smartphone applications, wearable sensors, smart watches and smart eyewear, providing a complete picture of drivers and inhibitors in this market.
Senior analyst Patrick Connolly commented, “The overall market is forecast to grow from 33.3 million units in 2012 to 36.79 million in 2018, following a brief dip in 2013 as PND declines outweigh growth in other areas. Total revenues will undergo a brief period of fluctuation from 2013 to 2015 before rising to $7.14 billion in 2018.”
These findings are part of ABI Research’s Location Devices Research Service, which includes research analyses, market data, insights and competitive assessments focused on the GPS/GNSS markets.