Battered navigation companies look past PNDs for new business
Actual fitness GPS products could be a possible growth peddle for struggling PND companies. A new report from ABI Research is forecasting that the special fitness GPS market could soon surpass 10 million units. Products such as the Garmin Sign 610 have helped its Outdoor and Fitness separation deliver 27% of the company’s operating return last year, ABI said, and that growth continued into 2011 when the assembly recorded a 25% increase in fitness sales during the younger quarter. “Garmin remains by far the prevailing player in this expanding market, with over 90% of the market-place share, but it will face some new emerging competition,” telematics and navigation superior analyst Patrick Connolly said. The trade growth has been spurred by other companies too, including City-dweller, Casio and Polar, among others. “There has also been a dearth of trim/fitness
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