UK Digital Cameras Blog

Global spend on consumer electronics will increase by nine per cent over the course of 2007, a new report states.

A study from research firm GfK claims that the total amount forked out on such products will total around £288.6 billion – with spend in Europe to increase by around seven per cent.

GfK said that there was a strong upward trend in three categories – with PCs registering a 20 per cent increase in sales, mobile phones growth of 16 per cent and TVs a 12 per cent rise.

“The impact of some of the smaller product segments contributes further to the bigger picture,” it added.

“This applies, for example, to the demand for portable navigation devices, which is anticipated to rise by 84 per cent and that for MP3 players, where a 15 per cent increase in sales is expected.”

Sales of photographic imaging products should increase by nine per cent over the course of 2007, while camcorder volumes should total 4.2 million during the 12 months.

DVD camcorders will account for around 27 per cent of all camcorders sold, the report said – while camcorders with hard disks or memory cards will take a 20 per cent market share.