Demand for digital camcorders will continue to grow between 2023 and 2028, albeit at a slower rate than during the review period. This will be due to a growing interest in sports/action camcorders, boosted by an expected rise in the number of travel and fitness enthusiasts.
Digital cameras, on the other hand, are expected to see further declines in both volume and current value terms, thanks largely to the increasing penetration of smartphones that offer advanced photographic capabilities. The spread of high-speed internet connectivity adds to the pull of smartphones, making it increasingly convenient for consumers to snap and share pictures and upload them to social media platforms.
Dring the forecast period, establishing a bond with potential consumers will be a tough challenge for physical retailers, given the declining interest in imaging devices. In recent years, several key players have established brand concept stores or experience centres at major department stores across Taiwan in order to attract more customers.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Taiwan 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 Taiwan, 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
This report originates from Passport, our Imaging Devices research and analysis database.
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