Asian-Pacific digital camera market faces strong growth

Posted on Tuesday, July 12 2005 @ 8:11 CEST by Thomas De Maesschalck
Market research firm In-Stat reports that the Asia-Pacific digital camera market experienced a tremendous growth last year. Digital camera revenue in the 15 countries in this region increased by 14.2 percent to $5.26 billion. It is expected to reach $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."

A recent report by In-Stat found the following:

  • In 2004, Japan was the largest digital camera market in the region, and the third largest market sector globally, after the European and U.S. markets.
  • Australia and New Zealand together formed the third largest market of 1.65 million shipments in 2004, 8.5% of the total regional market.
  • South Asian countries, including India, Pakistan and Sri Lanka, are at the initial developing stages of the market today but are poised for extremely big growth in the near future.

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