Outbound international leisure travel is not recovering fully in 2022 as Greeks are still reluctant to travel abroad, especially overseas. In addition, the recovery of domestic travel has not had a strong impact upon imaging devices; given that visits to friends and family prevail, there has not been an increase in demand for photography/video equipment spearheaded from the increase in domestic trips.
As new smartphones are increasingly offering more advanced camera features and consumers are trading up to better phones that come with very good cameras, sales of compact cameras will continue to decline. The average price of compact cameras will decrease over the forecast period, due to very limited demand as the need for a point and shoot is disappearing.
The increase in the retail volume share of DSLRs and mirrorless cameras within digital cameras will contribute to adding value. However, within these respective subsegments, consumers will opt for cheaper models due to the impact of COVID-19 upon the economy and the decline in their disposable incomes deriving from the rise in energy and petrol prices and high inflation.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Greece 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 Greece, 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 includes cameras and camcorders.See All of Our Definitions
This report originates from Passport, our Imaging Devices research and analysis database.
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