Market Insights Consumer Consumer Electronics TV, Radio & Multimedia

Digital Cameras - Burundi

Burundi

The revenue generated in the Digital Cameras market in 2024 is estimated to be US$9.5m.
It is projected that the market will experience an annual growth rate of 4.87% from 2024 to 2029 (CAGR 2024-2029).
In comparison to other countries, in China generates the highest revenue in the Digital Cameras market, with an estimated revenue of US$6,147.0m in 2024.
When considering the total population, the per person revenue in the Digital Cameras market is expected to be US$0.71 in 2024.
By 2029, the volume of the Digital Cameras market is projected to reach 91.1k pieces.
In 2025, the market is expected to grow by 4.7% in terms of volume.
The average volume per person in the Digital Cameras market is anticipated to be 0.0pieces in 2024.
It is worth noting that these figures pertain to the global Digital Cameras market, and specifically the market in Burundi.
Despite limited access to technology and low internet penetration, the demand for digital cameras is growing steadily in Burundi, driven by a rising interest in photography among the younger generation.

Key regions: Germany, United Kingdom, China, Europe, Brazil

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on electronic and digital devices used privately either for entertainment (televisions, game consoles, smart speakers, etc.), communication (telephones, smartphones, etc.) or home-office activities (printers, copiers, etc.).

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors (e.g., user penetration, price per product, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, number of internet users, smartphone penetration rate, household number and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electronic products due to the non-linear growth of technology adoption and regular product upgrade. The main drivers are GDP per capita, consumer spending per capita, and 5G penetration rate.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.