October 29, 2005
Latest Forecast Predicts Substantial Growth in Camera Phone Market
In an update to be published in today's edition of its Mobile Imaging Report continuous information service Future Image is announcing that, following discussions with a number of industry players at its just completed Mobile Imaging Summit executive conference (Monterey, Ca October 11 & 12), the firm is substantially revising upward its forecasts for camera-phone sales for 2005 and the next four years.
The new forecast anticipates sales of 500 million camera-phones in 2005, meaning that five out of every six digital cameras sold this year will be embedded in phones. The total will rise to 900 million by 2009.
At the beginning of this year, forecasts for total mobile phone sales were around 700 million, with camera-phones expected to account for 50 percent of the total. In an effort to not over hype an already extraordinarily dynamic market, Future Image estimated 320 million camera-phones for this year. Now the forecasts for mobile phones have been revised upward to 760 - 780 million, 67 percent of which are expected to include cameras, resulting in the new forecast of half a billion. The percentage of mobile phones that include cameras will rise to 90 percent by 2009.
See more from our camera phone news category »
Posted by BJ at October 29, 2005 01:30 PM | TrackBack
