China-based CCID Consulting of late predicted that navigation is going to be all the rage in China’s car GPS market. CCID maintains that China’s automotive electronics market, all through 2006, got greater than before specifically the sales revenues approached RMB 86.76 billion, with the raise of 39 per cent over 2005. Power control and chassis control system in 2006, were chiefly utilized in all cars manufactured in China. Automotive electronics products were additionally enhanced, in chiefly chassis control systems. Additionally, car electronics was even then a flashing point in the market. Sound systems in passenger cars were upgraded on a significantly.
The latest car electronic products like GPS and TPMS also became highly demanding in their penetration. In 2006, 815,000 sets of GPS were put for sale in China, creating sales revenues of RMB 4.19 billion. Likened with 2005, sales volume and sales revenues increased 50.8 per cent and 107.3 per cent, correspondingly. Table 1 Size and Growth of China’s Car GPS Market, 2002-2006 (by sales revenues) 2002 2003 2004 2005 2006 Sale volume 5.6 14.6 27.4 54.1 81.5 (10,000 sets) Growth rate 133.8% 159.9% 88.1% 97.1% 50.8% Sales revenues (RMB 100 million) 1.8 4.1 9.8 20.2 41.9 Growth rate 164.9% 125.4% 140.0% 106.7% 107.3% Source: CCID Consulting, Jan. 07
