Global photo market in recovery mode, Singapore projects striking photographic solutions, Day three – FujiFilm FinePix Real 3D W3 User Manual

Page 24

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SEPTEMBER 2010

Day Three

world of imaging

2010

Global photo market in recovery mode

T

he global photo market is once again

experiencing growth, after some regions

recorded a decline in the previous year. For

2010, GfK Retail and Technology is forecasting

sales of 141 million digital cameras, which even

represents an increase on the high levels seen in

2008.

For 2010 as a whole, GfK Retail and

Technology is anticipating that the digital camera

market, which includes both compact cameras

and system cameras with and without SLR

technology, will see a sales increase in volume

terms to over 141 million units. This market is

very strongly driven by growth in Asia: in China,

sales of over 14 million cameras are expected in

2010, and 16 million in 2011. On the one hand,

this data reflects a high level of interest in the

subject of photography among consumers. On

the other, it is a sign of the still very low level of

market saturation. This growth means that China

has now become the second largest market for

digital cameras behind the USA (source: GfK

and NPD).

The Photographic Industry Association

reports that the mood within the sector is

extremely good. This is supported by the fact

that the global camera market is experiencing

a record high this year. The market researchers

at the Society for Consumer Research have

determined that roughly 403 million digital

cameras, 52 million camcorders and two billion

camera phones/smartphones are in use around

the world. These figures include about 140

million digital cameras, 17 million camcorders,

and 550 million camera phones/smartphones in

Europe. The number of images taken with these

devices is correspondingly high. Shutters “click”

1,000 times per second in Germany alone.

In the first half of 2010, the technical

consumer goods market in 56 countries grew by

more than 20% in value terms compared with the

same period of the prior year. The photo sector

grew by 11% over the first halfyear, and by as

much as 19% in June alone. Particular growth

markets are the Eastern European countries (with

an increase of 25%), Latin America (51%) and

Asia (20%). As a result of this positive trend, the

Middle East and Latin America have overcome

the decline recorded in the previous year and

are even at a far higher level than in 2008. The

main growth drivers are digital and multimedia

cameras – products that can be used both to

take photographs and to play videos and are

sometimes equipped with audio functions or

voice recording. Sales of digital picture frames

and camcorders did not reach the previous year’s

level in value terms.

Consumers are currently displaying a high

level of interest in high-quality digital compact

cameras with an interchangeable lens. This

product segment is characterized by the very

fast rate of technological development, and the

increasing number of functions is encouraging

many consumers to buy a second or third

camera. Digital SLR cameras recorded strong

growth

of 22% in the first six months of the year.

They have been joined by system cameras

without SLR technology, a product segment

which appears to be establishing a new market

field and creating demand potential both

from the traditional SLR market and from the

compact segment. In the second quarter of

2010 in particular, cameras in this market with

interchangeable lenses recorded growth of 32%.

The number of technical products that use

storage media, for example digital cameras,

digital photo frames, mobile phones and

smartphones, as well as camcorders and

notebooks, continues to rise. These markets are

seeing particularly positive growth in Russia, the

Middle East and Latin America. Consequently,

demand for memory cards is also increasing.

Although these have recorded an overall decline

of 13% in unit sales volume in Western Europe,

storage capacity and value sales have grown

by 16% and 2% respectively. The regions of

Eastern Europe, the Middle East and Latin

America have seen a rise in sales of between

5% and 7% in volume terms, an increase of

50% in storage capacity and growth in sales of

between 20% and 28% in value terms.Although

the smartphones market continues to enjoy very

dynamic growth, demand for micro cards which

are used in phones is not rising to the same

extent. In contrast, cards for digital cameras and

camcorders are on an upward trend. SD cards

should receive a special mention here, as they are

showing very positive overall development and

corresponding value growth.Average prices have

increased by 28% per card in Western Europe,

and by as much as 38% in Eastern Europe. This

means that clear trend reversals are emerging in

these product groups.

Courtesy: GfK Retail and Technology

Singapore projects striking photographic solutions

S

ingapore’s imaging and printing industry,

a S$ 5 billion enterprise is made up of

many of the world’s biggest names such as

Canon, HP Imaging and Olympus. Leveraging

its position as an important gateway to Asia

Pacific’s dynamic imaging and printing industry,

the Republic is also home to a growing pool

of regional and global players in photography,

videography, digital imaging and printing

solutions, as well as manufacturers of related

products. Wanting to explore the rising

opportunities presented

by this growing industry,

the Singapore Photo Trade

Association is leading

the Singapore Pavilion at

Photokina 2010.

With support from

International Enterprise

(IE) Singapore, The Singapore Pavilion

features six players representing a cross

section of the imaging industry in the city-

state. From consumer products and services

such as breakthrough wireless memory cards

and customised photo albums, to products that

promote the production of high quality images,

such as flashlights, Singapore wants to showcase

and promote its latest innovations to the world.

George Lin, President of the Singapore

Photographic Trade Association, said,

“Singapore’s sound

infrastructure for high-end

research and development

(R & D) has attracted

many global imaging

leaders to locate their

headquarters there, while

providing local players

with the right environment to constantly

innovate. It is also ideally located to act as a

regional hub from which companies can explore

opportunities from across the region. Coupled

with its established local printing and imaging

ecosystem, Singapore is primed to be a global

player in the printing and digital imaging

industry.” Some of Singapore’s innovations

include the FluCard, a Secure Digital (SD)

memory card with wireless capabilities, from

Mobile Media Solutions, digital imprinting

from Fakutomi Technolgoies Pte Ltd., the

world’s largest Xenon lamp manufacturer,

Xenon Technologies, a manufacturer of digital

camera batteries, and universal chargers for

still and video cameras, Swissco Technology, a

leading provider of lighting solutions, Sunblitz

Singapore Pte Ltd., and virtual photo frames and

photo albums from Kim Tian Colour Centre.

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