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Jan 26, 2007

Continued Growth in GPS Forecast

Taiwan's leading manufacturer of global positioning systems (GPS) devices is predicting strong shipment growth for its own-brand of GPS products The Taipei Times reported today. Executives at Mio Technology Ltd. told The Times the growth is fueled by demand from the US and European markets.

Worldwide, the company expects to ship 3.5 million GPS units, almost double last year's 1.6 million units. Mio Technology, which moved into the US market at the end of last year, claims to have a 6 percent of the market in the U.S.

The Times quotes researcher Gartner Inc, as putting Mio Technology at number five in worldwide personal digital assistant (PDA) shipments in the third quarter of last year. In the past, the company's biggest market has been in Eastern Europe.