Smartphones with advanced cameras have replaced low-end digital cameras, as they become the most important photo tools in people’s daily lives. This is because low-end digital cameras are geared toward ease of use and have features that smartphones are gradually replacing and improving on.
While imaging devices is projected to see steady growth in retail volume terms it is nonetheless expected that demand will remain subdued with sales highly unlikely to return to pre-pandemic levels in retail volume terms. The short to mid-term outlook for Australia’s economy looks bleak with high inflation, rising interest rates and a drop in real income likely to see consumers reigning in their discretionary spending.
Appliances and electronics specialists continued to dominate the distribution of imaging devices at the end of the review period but it is expected that e-commerce will continue to grow over the forecast period. This shift is primarily the result of increased consumer confidence in purchasing consumer electronics online.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Australia 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 Australia, 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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