With Camera Sales Slowing, Canon Looks to Surveillance Sector for Growth
September 4th, 2013Via: Reuters:
Nosy governments and nervous homeowners, among other drivers of the surveillance society, may soon upstage amateur photographers as the focus for big camera makers such as Canon Inc who spot growing opportunities in the security market.
Canon, the industry leader, has been hit with a sudden downturn in shipments of its top-end digital cameras, an increasingly saturated market sensitive to the recent slowdown in emerging economies and with a receding pace of innovation.
Add to that a compact camera market that has been battered by smartphones with increasingly high-resolution cameras, and companies like Canon have been left scrambling for new markets.
“A major focus for the next phase is increasing our business-to-business (B2B) sales, and of course security cameras – which is a huge market – is part of that,” Canon President and CEO Fujio Mitarai said in an interview.
