Retail sales of imaging devices will continue to decline throughout the forecast period in constant value (2023 prices) terms. The growing use of smartphones will remain 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.
Appliances and electronics specialists will continue to dominate the distribution of imaging devices in 2023, as many local consumers prefer to see, touch and try out these products prior to purchase or obtain advice from a professional salesperson. Moreover, imaging devices are typically fragile and are at risk of being damaged during the home delivery process.
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 will remain a significant barrier for many, particularly since consumer spending power is likely to remain subdued into 2024.
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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.
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Imaging Devices
This report originates from Passport, our Imaging Devices research and analysis database.
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