Digital Camera Sales to Slow Down This Year?

CIPA Logo

Digital camera sales by Japanese manufacturers will continue to grow in 2007 but in a slower clip, according to the Tokyo-based Camera and Imaging Products Association. CIPA said growth will only be 7.5% this year, compared to 22% last year when lower prices and wider choices boosted sales.

Canon and Sony are forecast to sell about 85-million cameras this year, up only 7.5% from last year’s 79-million units. Demand will continue to slow down to 4.3% in 2008 and 2.5% in 2009.

CIPA also predicts that shipments of DSLR cameras will continue to show double-digit growth in 2007, but their growth too will slow compared to 2006: 14% (6-million units) this year versus 39% (5.26-million) last year.

Canon and Nikon are the market leaders in the lucrative DSLR arena, while newcomers Sony and Panasonic are also trying to expand.

Source: CIPA.jp (PDF, 194KB)

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Vintage Holiday Photo Light Bar 115-120V In Case, Tested (140) picture
Vintage Holiday Photo Light Bar 115-120V In Case, Tested (140)
Vintage Smith Victor Made In Griffith Photo Light Bar Lamps Photo Medium (140) picture
Vintage Smith Victor Made In Griffith Photo Light Bar Lamps Photo Medium (140)
Zeiss Ikon Super Ikonta 530/2 6x9 + Tessar 4.5/105 + Ikophot light meter picture
Zeiss Ikon Super Ikonta 530/2 6x9 + Tessar 4.5/105 + Ikophot light meter
VINTAGE POLAROID 800 CAMERA, W/WINK LIGHT, AND CASE picture
VINTAGE POLAROID 800 CAMERA, W/WINK LIGHT, AND CASE
Vintage Acmelite Mov-E-Lite lights in case (lot#10832) picture
Vintage Acmelite Mov-E-Lite lights in case (lot#10832)