Imaging devices will continue declining in 2021 as smartphone cameras continue to improve in quality diminishing the need for digital cameras. Many brands, such as Samsung Galaxy, even put a strong emphasis on smartphones’ camera quality in order to promote new units.
The lack of travel in 2020 contributed to the very strong decline seen in imaging devices since digital cameras and camcorders are often taken on trips. While travel restrictions in 2021 continue to restrict consumption opportunities, some countries are opening up allowing the recovery to start.
Following supply chain issues ignited by the lockdown in 2020, 2021 should see some stabilisation in unit prices. When the pandemic first emerged, global lockdowns resulted in product delays and supply problems, which when combined with higher shipping costs, resulted in a slight rise in unit prices.
Imaging devices is set to see a continued double-digit volume decline over the forecast period due to the increasing use of smartphones for image and video capture. The pandemic has further shifted consumer preferences towards smartphones with high quality cameras that are much smaller and more convenient to use than digital cameras.
Over the forecast period, the leading brands, Sony, Canon and Panasonic, are set to maintain their strong hold on imaging devices in Israel. All of these brands are very well-known in the country, and they face very limited competition in this segment.
Similar to their effect on cameras, continued technological advances in smartphones, with their convenience, portability, affordability and versatility will continue to erode interest in digital camcorders over the forecast period. As social media is expected to continue growing and dominating various aspects of consumers’ daily lives moving forward, smartphones will continue to play a central role to consumers.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Israel 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 Israel, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Imaging Devices research and analysis database.
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