Sales of imaging devices are expected to decline throughout the forecast period in both value and volume terms, with the category expected to face numerous challenges due to economic uncertainty and rising prices. As consumers become increasingly price-sensitive, many of them are set to forego replacements of their existing cameras, with average unit prices projected to continue rising for both digital cameras and camcorders over the forecast period.
The downward spiral that has been seen in both retail volume and value sales of imaging devices is set to continue during the forecast period due, mainly due to the growing use of smartphones. Whilst digital cameras and camcorders offer superior picture quality for photography and videography needs, ongoing improvements in smartphone cameras, especially of the more expensive latest models of the leading brands, keep putting pressure on demand for imaging devices.
As COVID-19 restrictions have progressively been removed over the course of 2021 and 2022, many Swedes have returned to pre-pandemic norms. This has meant that they are spending more of their leisure time outdoors, while people are starting to travel and socialise more.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Sweden 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 Sweden, 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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