Digital Camera Shipments Worldwide to Pass 100 million Mark This Year

Worldwide digital camera shipments rose 21% in 2006 to nearly 98 million units, despite market saturation (over 50% in Japan, US, and most of Western Europe) and competition from camera phones in Asia and Europe, according to Lyra Research.  

Lyra's forecast now projects worldwide digital camera shipments to surpass the 100 million mark this year and exceed 130 million units in 2010 for a compound annual growth rate (CAGR) of more than 10%.

The installed base of camera phones in the Asia-Pacific region will grow at a compound annual growth rate (CAGR) of 21.9% from 2005 to 2010, topping 600 million camera phones in 2010, driven by explosive growth in China and India, according to an earlier projection by Lyra Research. The worldwide installed base of camera phones is expected to pass the 1 billion mark this year.

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