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Article: Revenue from Worldwide Digital Camera Sales to Reach $11.8 Billion in 2007 According to InfoTrends Research Group.
- Article from:
- Business Wire
- Article date:
- November 5, 2002
CopyrightCOPYRIGHT 2002 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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Business Editors
BOSTON--(BUSINESS WIRE)--Nov. 5, 2002
A new study from InfoTrends Research Group projects that worldwide revenue from low-end (sub-$1,000) digital camera sales is forecast to reach $11.8 billion in 2007. Worldwide unit shipments of low-end digital cameras will reach 24 million units in 2002, capturing 28% of total worldwide camera sales (not including one-time use cameras). Unit volume is forecast to grow at a compound annual growth rate of 16% to reach 51 million units in 2007.
"Through the forecast period, digital cameras are expected to become fully mainstream in North America, Europe, and Japan," stated Michelle Slaughter, ...