Almost half a million digital cameras will be sold on the European market in 1998, according to a new report from Surrey, England headquartered research company, Macarthur Stroud International. The firm also reported that the European market doubled in size in 1997. But the number of suppliers of digital cameras (and related applications and peripherals) will drop as competition becomes increasingly fierce and the market rationalizes. This growth is against a background of worldwide boom in digital camera sales, with Lyra Research Inc predicting the global market for digital cameras alone will be worth $4bn by 2001 (CI No 3,389).
