Retail volume sales of digital camcorders and digital cameras are projected to continue to slump over the forecast period. The consumer demand from trends for action devices like GoPro (digital camcorders) and mirrorless digital cameras is not expected to be enough to offset the steep declines in retail volume sales of traditional digital camcorders and cameras.
The second-hand market for digital cameras is expected to trend over the forecast period, in line with growing consumer interest in sustainability. Second-hand devices also offer budget-friendly, lower-priced entry points for consumers interested in photography.
Digital cameras are expected to increasingly offer video features and capabilities over the forecast period amid growing consumer interest in creating and sharing videos through social media platforms like TikTok and online platforms like YouTube. Video content is easy to produce, edit and upload, and the popularity of TikTok, the social media video app, showcases high consumer demand for video.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Imaging Devices industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Imaging Devices
This report originates from Passport, our Imaging Devices research and analysis database.
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