Annual revenues from telematics equipment sales in Europe will be over $2.5 billion by 2006, according to a new study from the consultants, The Strategis Group. The overall number of original equipment manufacturer (OEM) and after-market devices sold each year is expected to rise from a total of 770,000 units in 2001 to 8.7 million units by 2006 according to the research. Europe's five largest automotive markets (Germany, Italy, France, UK and Spain) are expected to account for 84% of these sales by 2006.