Camera market will shrink by 10% yearly by 2017 (says ICinsights).

Icinsights posted a forecast about the camera market till 2017. And the market is expected to shrink:

Worldwide DSC shipments are expected to fall by a CAGR of -10% between 2012 and 2017 compared to an annual average growth rate of just 1% in the 2007-2012 period and nearly 31% per year in the 2002-2007 timeframe.

But there are two positive news: The System Camera Market is expected to growth further. And that’s also the most profitable business for the camera producers. And the “non-conventional” camera market for Tablet-smartphones-medical-car-surveillance is expected to grow too!