Taiwan To Step Up Digital Camera Production

Taiwan's production of digital cameras is being tipped to grow by 60.2 percent this year, according to the Institute for Information Industry (III), said a Newsbytes report. The III says growth will continue in 2002, by which year the nation will have a hold on 57.2 percent of the global market, according to a report by Taiwan's Central News Agency. During the Christmas period, online shopping destinations like Yahoo Shopping consistently saw digital cameras in the top five types of products searched for, the report said.

Japanese firms like Sony Corp. and Casio Corp. dominated the market in 1999. But in the report, the III said that Taiwanese companies increased output from 1.62 million units in 1999 to 5.63 million during 2000 with a total value of million. The III said that Taiwan is now home to 21 digital camera makers.