There will be further volume decline over the forecast period for imaging devices, as the factors that led to decline over the review period continue to negatively impact volume sales over the long term. In particular, increasingly high-quality cameras on smartphone will do away with the needs for consumers to also purchase a separate imaging device.
Digital camcorders will fare better than digital cameras over the forecast period, with less severe volume decline. The full opening up of society after the pandemic will see digital camcorders being used to film important events such as weddings and other family celebrations.
The uncertain economic outlook could also dampen volume sales over the forecast period. If the war in Ukraine continues to drag on, inflation will continue to rise, pushed up in particular by energy price rises.
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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 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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