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Fast growth for Asia-Pacific digital camera market

Ilse Jurriƫn : 2005-07-11 17:20:00
Fast growth for Asia-Pacific digital camera market : The Asia-Pacific digital camera market experienced tremendous growth in 2004 during a regional economic recovery, reports In-Stat. Digital camera market revenue in the 15 countries in this region escalated by 14.2%, to US$5.26 billion, the high-tech market research firm said. The regional digital camera market is expected to continue growing strongly to US$7.3 billion in 2009. "The market escalation in 2004 was greatly fueled by strong domestic economic growth in the Asia-Pacific region," said Bryan Wang, In-Stat content manager in Asia. "As the Chinese market is still far from saturated, the momentum is expected to continue at least for the next several years."

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