Looks like both TomTom and Garmin might be having a bit of a bad day to put it mildly, thanks to the announcement of Google Maps Navigation. As the graph shows, things are not looking good. Nope. Not at all.

GPS makers can at least take some comfort in the fact that the new Google Maps Navigation is available on Android 2.0 at the moment, which requires you to have a specific phone to download the maps real time. It will be interesting to see what happens next.

Google has unveiled Maps Navigation (beta), an upgraded version of the current Maps software that will be free and apparently available on all Android 2.0 devices. You get all of the usual Maps features, along with being able to search by the name of a business and it will even suggest the closest matches and traffic data.

There’s also turn-by-turn navigation with a female robotic voice and integration with satellite and street view. Street view will be able to show you what lane you need to be in when exiting the highway, for instance. It will also now search along the route when you’re looking for gas stations or fast food. Some addresses can be added to the Android home screen as icons too.