Navigation devices to grow by 22.5% a year

Shipments of navigation devices worldwide will continue to increase from 2007 to 2012, with a compound annual growth rate (CAGR) of 22.5%, according to a new forecast from ABI Research. Europe will command a 53% share of the global market in 2007. In 2012, GPS-enabled PDAs and smartphones will comprise 23% of all navigation device shipments.