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ABI Research
Navigation Devices and Systems Will Generate Global Revenues of $62 Billion by 2012, Says ABI Research
May 23rd, 2008
Consumer navigation is quickly becoming an established consumer electronics category with more and more consumers discovering the benefits of navigation and related services. ABI Research forecasts navigation devices and systems to reach annual sales revenues of $62 billion by 2012. "Despite disappointing sales levels in the first quarter of 2008 and profit warnings issued by TomTom, Tele Atlas and SiRF, the navigation market still faces a bright future," says Dominique Bonte, ABI Research principal analyst. "The current decrease in sales has to be seen as a logical reaction following the extraordinary sales growth during the fourth quarter of 2007, especially in the...
Source: Health Business Week (2008-05-23)
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