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Thursday, June 06, 2013

Smart Cameras to Reach 4.7 million Units by 2016

Futuresource Consulting forecasts that the so-called 'smart camera' market will reach 4.7 million units globally by 2016. "Smart cameras are still a niche market, with few players in this segment," says Arun Gill, Market Analyst with Futuresource Consulting. "However, looking forward, sales of smart cameras are expected to grow; with our forecasts indicating that shipments will reach one million units in 2013, and grow a further 68% CAGR by 2016 to reach 4.7 million units worldwide." The average smart camera's trade price is forecast to be $202 by 2017, versus $87 for fixed-lens cameras without Wi-Fi and $107 with Wi-Fi. (Futuresource defines smart cameras as "a hybrid of Smartphones and Digital cameras, capable of capturing good quality photos in low light conditions and with good optical zooms, combined with the usability, connectivity and apps consumers associate with their Smartphone camera.") You can buy the report, Prospects for the Smart Camera Market, through the website below.

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