Smartphones and other mobile devices are expected to continue taking sales away from imaging devices over the forecast period. Imaging devices saw a negative retail volume CAGR during the review period, and this is expected to continue over the forecast period.
Sales of digital camcorders will likely all but disappear over the forecast period with the target audience for these products shrinking rapidly. Not only are sales threatened by the rise of smartphones with video recording capability, but they also face competition from hybrid digital cameras which offer both good quality images and video, with hybrid products being launched by both Canon and Sony in 2022.
Canon looks set to retain its lead in imaging devices in the forecast period. Despite the expected further decline in sales of digital cameras, Canon is predicted to continue gaining share from its competitors due to its ongoing commitment to the market.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Indonesia 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 Indonesia, 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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