Japan Today has a very interesting interview (in English) with Fujio Mitarai, president of Canon Corp.

”Do you think the digital camera market is saturated?
Sales of digital cameras more than doubled in 2003 and 2004. Research shows that 70% of families in Japan have a digital camera. Some digital camera manufacturers have excessive stocks of products.

Canon’s sales of digital cameras increased 70% in 2004. We are still doing unusually well. It is a reasonable view to suggest that market is about to mature. However, I can still see room for growth.”

Website: Japan Today - Unstoppable Canon