Sweden: According to a new research report from the analyst firm Berg Insight, global shipments of Personal Navigation Devices (PNDs) declined from 33 million units in 2011 to 28 million units in 2012. Even though part of the decline can be attributed to lower consumer spending in Europe resulting from the continuing sovereign debt crisis, other developments are also affecting the PND market. Competition from other navigation solutions, notably navigation apps for smartphones is furthermore growing. Over time, PNDs will also start to face more competition from factory installed in-dash navigation systems as more car brands launch next generation low cost systems. Shipments of PNDs are still growing in markets such as Eastern Europe, South America and India, but not fast enough to compensate for the decline in mature markets. Berg Insight therefore forecasts that global PND shipments will decline to about 17 million units in 2017.
Source: Berg Insight