Electronics market in Madagascar
The Madagascan Electronics eCommerce market is predicted to reach US$29.9 million by 2024 and accounts for 25.3% of the total eCommerce market in Madagascar. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 15.3%, resulting in a projected market volume of US$52.9 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Cameras market in Madagascar
The Madagascan Cameras eCommerce market is predicted to reach US$1.5 million by 2024 and accounts for 7.4% of the Consumer Electronics eCommerce market in Madagascar. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.2%, resulting in a projected market volume of US$1.9 million by 2028. The Cameras eCommerce market is a sub-market of the Consumer Electronics market. Further categories within the Consumer Electronics market are: Audio, Computing, Fitness Trackers, Game Consoles, Other Consumer Electronics, Printers & Scanners, TV & Video, and Telecommunications.
eCommerce revenue development in the Cameras market in Madagascar
eCommerce revenue growth in the Cameras market in Madagascar
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 8.0 | 83.6 | 44.3 | 65.8 | 65.0 | 22.1 | 73.7 | 65.3 | ||||
as of Consumer Electronics (in %) | 48.8 | 49.4 | 48.6 | 48.0 | 47.4 | 46.4 | 45.9 | 45.1 | 44.4 | 43.7 | 42.9 | 42.2 |
Market definition
Definition of the Cameras market within the Electronics market
Market definition: Electronics > Consumer Electronics > Cameras The category Cameras includes the online trade of digital cameras (e.g. compact digital cameras, slr cameras, mirrorless cameras), lenses (e.g. interchangeable camera lenses, specialty lenses) and action cameras (e.g. gopro, dji, insta360). This category does not cover webcams, drones or camera software and apps. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Digital Cameras (e.g. compact digital cameras, SLR cameras, mirrorless cameras)
- Lenses (e.g. interchangeable camera lenses, specialty lenses)
- Action Cameras (e.g. GoPro, DJI, Insta360)
Out-of-scope
- Webcams
- Drones
- Camera software and apps
Market comparison
The Madagascan Cameras market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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- Headphones *
- Hifi Equipment *
- Bluetooth Loudspeakers *
- Hifi Loudspeakers *
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- Other Audio *
- Action Cameras *
- Camera Lenses *
- Other Cameras *
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- Monitors *
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- Fitness Trackers *
- Game Consoles *
- Game Console Accessories *
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- Cartridges & Toners *
- Printers *
- Scanners *
- Other Printers & Scanners *
- Cases & Accessories *
- Smartwatches *
- Other Telecommunications *
- Media Boxes & Sticks *
- Other TV & Video *
- Other Consumer Electronics *
- Small Kitchen Appliances *
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- Other Household Appliances *
- Personal Care Appliances *
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