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Worldwide digital camera revenue reach $24 Billion

Dennis Hissink : 2004-12-17 00:23:35
According to a new study from InfoTrends/CAP Ventures, worldwide digital camera revenue is forecast to reach $24 billion in 2004, and grow to $31 billion in 2009. The top three regions for digital camera sales in 2004 are Europe, the United States and Japan. The market is growing quickly in Asia and Rest of World regions (ROW). The digital camera market in Japan has entered the late majority stage of adoption, and the U.S. and Europe will enter this stage within the next few years. Meanwhile, Asia and ROW will keep growing, up from a combined 10% share of worldwide revenue in 2004 to 33% by 2009. Sensor resolution continues to be the primary specification that consumers rely on to compare the performance and quality of digital cameras.

Growing importance of digital photography

Dennis Hissink : 2004-10-19 06:17:05
Each year since 1997, InfoTrends/CAP Ventures has conducted surveys to track the adoption and usage of digital cameras. This year's survey of U.S. Internet households shows the penetration of digital cameras increasing to 59% of Internet households, up from 45% in 2003. As a result of rising penetration, the demographics of digital camera owners are shifting towards people of more moderate means. Additionally, women are increasingly more likely to own digital cameras and to spur the purchasing decision for the household. While the demographics of digital camera owners continue to shift towards representing the average Internet user, digital camera owners still show a greater tendency to acquire new technology than non-owners.

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