Susan Smith has worked as an editor and writer in the technology industry for over 16 years. As an editor she has been responsible for the launch of a number of technology trade publications, both in print and online. Currently, Susan is the Editor of GISCafe and AECCafe, as well as those sites’ … More »
Portable GPS-enabled device market continues to grow
September 18th, 2013 by Susan Smith
Findings from ABI Research show that the portable GPS-enabled device market is destined to hold its own because of the growth of dedicated HUD/eyewear, cycling and health/tracking devices. The market was not expected to do as well because of the continuing decline of PNDs, and the growing use of smartphones, smart watches and eyewear.
ABI Research’s quarterly 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 comments, “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.”
Dominique Bonte adds, “The markets for cycling computers, health/elderly, and fitness are starting to get interesting. As ASPs decline and smart watches become a more established part of our lives, the addressable market will be eaten up, limiting the growth potential for dedicated fitness devices. Looking longer term, ABI Research has forecast very strong growth for HUD/eyewear devices, particularly in the fitness, golf, and cycling categories. It would not be surprising to see an acquisition in this space over the next 12 months.”
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 IC and devices markets.
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