Our biggest challenge now is to continue to deliver proven and high-quality products at more competitive price points. While we work mostly with system integrators today, we are actively looking for distributors with good logistics and support networks. For the mid- to low-end market segments, we will work on smart and easy mobile apps for SMB and SOHO users.
For 2012, we expect to grow about 30 percent; in this economy, this is huge. We will focus on earthquake recovery projects, such as apartments, offices and buildings, in Japan, and strengthen our wireless offerings. We will also work on integrating our sensors with other electronics or appliances like TVs and refrigerators, for better home automation and energy management.
Our 16-channel SDI DVR transmits at 7 fps per channel now, and we are working to deliver 30 fps per channel in six months. SDI solutions are ready now; customers just need time to understand and adopt the technology. Our key markets are Russia, France and Italy, and we are looking to grow the Middle East, Africa and Asia. We will increase our sales revenue by 100 percent this year, and our biggest challenge is ourselves. We need to continue to provide even better products and technical support, and work with more stable and capable partners. Globally, we expect SDI to account for 20 percent of the market share in five years.
NEXTCHIP
About 10 percent of our sales come from HD (including IP and SDI); the rest is from analog products. SDI cameras are mostly OK this year; we could use more SDI DVR manufacturers, though. Japan is a promising market for SDI, but the average testing period of 1.5 to two years is making it difficult for quicker adoption of the latest technology. The U.S., Brazil and India are also our target markets.
Our No. 1 priority now is to develop more affordable, mid- to low-end HD products (both IP and SDI), as more manufacturing facilities move to developing countries for more competitive pricing, better customization/localization and lower customs levies. We will continue to work with technology partners like Grain Media and Hisilicon and sales partners with very capable FAEs.