Garmin Overtakes TomTom in Market Share
Garmin has narrowly beaten out TomTom to regain the lead in global market share for GPS, the Kansas City Business Journal reported this week, citing figures from the analysis firm Canalys.
In the second quarter of this year, Garmin achieved a 24.9 percent global market share by shipping 1.85 million units, edging out TomTom’s 24.3 percent share on 1.81 million units. The survey covers “all mobile devices used for turn-by-turn road navigation with built-in global positioning systems and on-board software,” the KC Business Journal said.
Garmin’s victory ends a two-year hold by TomTom on the top spot.