With the growing number of companies getting into the digital photo frames business, youâ€™d think the market is saturated. Far from it; demand for digital photo frames is increasing even further.
The prognosis from Taiwanâ€™s Industrial Economics and Knowledge Center (IEK) is that the demand for digital photo frames is expected to increase to 20 million units in 2008, a 66 percent jump from 12 million units in 2007.
This is driven, according to IEK, by improving technology and falling prices. Demand for low-priced digital photo frames in North America has helped drive sales, with models priced as low as under-US$49, while higher-end models are now being introduced with features such as video, music, and other applications such as calendars and news feeds.
North America and Europe currently account for 80% of the global market but shipments in Asia are expected to increase in 2008.