Retail sales of imaging devices are projected to continue to decline through the forecast period in volume and value (constant 2024 prices) terms. The growing use of smartphones remains at the root of this trend, with many younger consumers in particular coming to regard digital cameras and camcorders as unnecessary, particularly as the quality of smartphone cameras continues to improve.
There is a growing trend of purchasing consumer electronics, including imaging devices, online during sales events in e-commerce marketplace to enjoy extra discounts. In addition, these platforms are known for competitive pricing, easy return policies and reliable buyers’ review that are greatly welcomed by young consumers.
Consumers who are serious about photography are more likely to invest in sophisticated SLR and compact system cameras that deliver higher quality images, in addition to owning and using a smartphone for taking pictures. However, the high price points of these more sophisticated products remain a significant barrier for many consumers.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Malaysia 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 Malaysia, 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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