digital photography

China digital photography products manufacturers are forecast to boost production by 20％ in the next 12 months. Prices are expected to remain flat or to fall. The global digital photography business was estimated to be a US$24-billion industry in 2004. Global digital photography shipments in 2005 grew by 20.8 percent to 72.2 million units. Latest forecasts by US-based imaging industry analyst Lyra Research, put digital photography production shipments at 100 million units by 2008. China has become the major supply bases of digital photography products in recent years. Mainland China is a key source of low-cost digital photography products, with an estimated production output of 73 million units in 2004 and around 61 million units in shipments, according to the China Culture and Office Equipment Professional Association. Around 80 percent of digital photography products produced on the mainland are exported, with 81 percent as OEM/ ODM orders.