Portable navigation device (PND) vendor Garmin (GRMN), which is struggling to deal with...

|About: Garmin Ltd. (GRMN)|By:, SA News Editor

Portable navigation device (PND) vendor Garmin (GRMN), which is struggling to deal with competition from smartphones and in-car systems, hopes its recent acquisition of German PND firm Navigon will give it a leg up in Europe, where rival Tom-Tom is the market leader. IHS iSuppli sees the global PND market declining by 20-27% this year.