Leica Targets 1% of World Camera Market in 10 Years, FAZ Reports

Nov. 8 (Bloomberg) -- Leica Camera AG aims to have 1 percent of the global camera market within 10 years, the Frankfurter Allgemeine Zeitung reported, citing supervisory board chairman and majority owner Andreas Kaufmann.

Today, Leica has 0.15 percent, Kaufmann told the FAZ. He said he expects China to overtake the U.S. as Leica’s biggest market within five years, the newspaper reported.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net