Retail volume sales of imaging devices in Chile are set to record a CAGR of -10% over the forecast period, falling to 30,000 units by 2030. This significant decline will be largely driven by the continued advancement and practicality of smartphone cameras, which offer many of the same features as traditional imaging devices.
E-commerce is likely to further penetrate imaging devices in Chile over the forecast period, driven by limited shelf space in physical stores and the wider selection of products available online. As interest in imaging devices continues to wane, retailers will dedicate less physical shelf space to these products, further pushing consumers towards online platforms.
The potential for premiumisation within imaging devices in Chile will continue to gain traction over the forecast period, driven by a percentage of consumers showing a willingness to pay more for higher-quality products. In response, the likes of Canon and GoPro are expected to capitalise on this trend by developing and marketing premium-tier products aimed at a niche but discerning consumer segment.
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Understand the latest market trends and future growth opportunities for the Imaging Devices industry in Chile 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 Chile, 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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