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GfK Forecasts Continued PND Market Growth in Europe
 
Famous market research firm GfK Marketing Services Deutschland today publicly released a rather comprehensive report on the PND market in Europe. GFK estimates a total 14.4 million systems were sold in 2007 in Western Europe and the company expects the number to grow 36 percent in 2008 to 20 million, in line with falling prices. Similarly striking is growth in mobile phones equipped with GPS-enabled navigation. In addition to the European and US markets, GfK observes very positive development in the Australian, Korean, South African, Brazilian, Chinese and Russian markets, etc. In the medium term, these countries offer similarly high development potential for the sales of portable navigation systems.
 
Time:2008-02-29 Source:NaviForum Shanghai News Center Relative