Growing Popularity of Real-time Traffic Updates Driving the Personal Navigation Device Market in Europe
28 Sep 2011 • by Natalie Aster
The research “PND Market for Europe 2010-2014” by Infiniti Research reveals that the Personal Navigation Device (PND) market in Europe is expected to grow at a CAGR of 1.5 percent. The report, which focuses exclusively on Europe, indicates that the market is currently being driven by the growing popularity of and demand for real-time traffic updates.
“Of late, real-time traffic updates are also being provided PNDs. This development has been very beneficial for travelers who need to plan their journeys and avoid heavy traffic spots. This benefit has had an indirect impact on the sales of these devices and is driving the market,” reports a TechNavio analyst.
In spite of the demand for PNDs, competition from smartphones is hindering the growth of this market. However, the increasing number of enhancements such as the incorporation of new features such as SIM card slots in PNDs is expected to promote market growth.
Report Details:
PND Market for Europe 2010-2014
Published: July 2011
Pages: 22
Price: US$ 1,500.00
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.
Companies mentioned in this report include: TomTom NV, Garmin Ltd., MiTAC International Corp., and Navigon AG.
More information can be found in the report “PND Market for Europe 2010-2014” by Infiniti Research.
To order the report or ask for sample pages contact [email protected]
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