Digicam Production Down 26%, CIPA Says

The Camera & Imaging Products Association (CIPA) has published digital camera production and shipments data for May 2009. In terms of volume, total digital camera production fell by 26.2% compared to the same period of last year. In terms of value, the drop was an even more severe 32.3%. Interchangeable-lens cameras suffered much less than compacts, with the number of units manufactured being only 3% less than in May 2008. Their market value, however, dropped nearly 15%, which alludes to sinking average unit prices. North America is still the biggest market, but this applies to compacts only. As far as DSLRs are concerned, Europe is a much bigger market (and still growing, at least in terms of volume).
Website: CIPA Statistical Data for May 2009
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