Retail volume sales of imaging devices is expected to continue declining over the forecast period. Despite the awaited improvement in Hungary’s economic situation and lower inflation, both digital cameras and camcorders will see further volume sales decline due to the growing preference for using smartphones.
The increasing numbers of consumers that are interested in filming videos and putting them on social media sites, such as You Tube or TikTok, creates opportunities for manufacturers to create high quality devices at more affordable pricing points. The target audience for such imaging devices could grow significantly during the forecast period.
Since hypermarkets typically sell lower priced imaging devices, the increasing popularity of higher quality, premium-priced products will likely reduce sales in this retail channel over the forecast period. Consumers will be increasingly interested in more convenient shopping, such as retail e-commerce, or gaining professional advice and products of higher quality in appliances and electronics specialists.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Hungary 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 Hungary, 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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