Imaging devices volume sales declined by 9% in 2015 as the availability of cameras in smartphones continues to affect sales. Moreover, manufacturers are constantly upgrading the cameras found in smartphones to rival those found in cameras. However, some consumers may still see the advantages of owning a separate camera.
Competitive Landscape
Canon Marketing Philippines continued to lead imaging devices in 2015, recording a value share of 34%. The company led sales within cameras with a value share of 34% and ranked second in camcorders with a share of 29% while Sony Philippines led sales within camcorders with a value share of 35%. The fact both companies operate concept stores across the country has helped to boost sales.
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Industry Prospects
Imaging devices sales will continue to decline over the forecast period, with the area having a projected volume CAGR of 6%. The availability of more powerful cameras in smartphones will continue to affect sales of cameras and camcorders. However, some consumers will continue to purchase cameras due to the advantages they have over smartphones. There is an area in the market that is becoming more immersed in photography. These groups of consumers are likely to upgrade to better cameras rather than use smartphones or tablets.
Report Overview
Discover the latest market trends and uncover sources of future market growth for the Imaging Devices industry in Philippines with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Imaging Devices industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.
The Imaging Devices in Philippines market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* What is the market size of Imaging Devices in Philippines?
* What are the major brands in Philippines?
* What is the growth rate for digital cameras?
* How is the growth of mobile phone cameras affecting the traditional camera market?
* What are the latest trends in mirrorless cameras?
Reasons to Get this Report
* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
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"Imaging Devices in the Philippines" now available at Fast Market Research
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001