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Article: Digital Camera Shipments to Set New Record in 2005, According to InfoTrends/CAP Ventures Report.
- Article from:
- Business Wire
- Article date:
- July 19, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WEYMOUTH, Mass. -- The North American digital camera market hit another high point in terms of unit shipments for 2004, growing 27% over 2003 to reach 22.2 million cameras shipped. The market is expected to grow once again to reach 26 million cameras in 2005, but at a slower pace of 16%. The market will peak in 2006 when the market reaches just under 28 million cameras, and will begin to decline thereafter.
Slowing growth of digital camera shipments is a natural result of what is a maturing market. As household penetration for digital cameras hit 42% in 2004 and is expected to reach 55% in 2005, the market that was largely fueled by first-time buyers for its first ...