The portable GPS-enabled device market will grow to 36.79 million in 2018 from 33.3 million units in 2012, ABI Research said.
This is despite the continued decline of PNDs, and the threat of smartphones, smart watches and eyewear.
The portable GPS-enabled device market will be driven by dedicated HUD/eyewear, cycling and health/tracking devices.
Total revenues will undergo a brief period of fluctuation from 2013 to 2015, before rising to $7.14 billion in 2018.
“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,” said ABI Research senior analyst Patrick Connolly.
Looking longer term, ABI Research has forecast strong growth for HUD/eyewear devices, particularly in the fitness, golf, and cycling categories.
Pix source: tomtom.com
