Electronics market in Madagascar
The Madagascan Electronics eCommerce market is predicted to reach US$34.5 million by 2024 and accounts for 25.8% 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 14.9%, resulting in a projected market volume of US$60.1 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 Digital Cameras market in Madagascar
The Madagascan Digital Cameras eCommerce market is predicted to reach US$0.8 million by 2024 and accounts for 45.3% of the Cameras 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 2.5%, resulting in a projected market volume of US$0.9 million by 2028. The Digital Cameras eCommerce market is a sub-market of the Cameras market. Further categories within the Cameras market are: Action Cameras, Camera Lenses, and Other Cameras.
eCommerce revenue development in the Digital Cameras market in Madagascar
eCommerce revenue growth in the Digital Cameras market in Madagascar
Net eCommerce revenue split by sub-category
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 21.6 | 40.1 | 82.1 | 56.9 | 57.4 | 75.1 | 72.7 | 34.0 |
Market definition
Definition of the Digital Cameras market within the Electronics market
Market definition: Electronics > Consumer Electronics > Cameras > Digital Cameras The category Digital Cameras includes the online trade of compact digital cameras, slr cameras, mirrorless cameras, and more. This category does not cover lenses (e.g. interchangeable camera lenses, specialty lenses), action cameras (e.g. gopro, dji, insta360) or camera accessories (e.g. camera bags, camera batteries and chargers, tripods, monopods, camera straps). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Compact digital cameras
- SLR cameras
- Mirrorless cameras
- Bridge cameras
Out-of-scope
- Lenses (e.g. interchangeable camera lenses, specialty lenses)
- Action cameras (e.g. GoPro, DJI, Insta360)
- Camera accessories (e.g. Camera Bags, Camera Batteries and Chargers, Tripods, Monopods, Camera Straps)
- Camera flashes and lighting equipment
Market comparison
The Madagascan Digital Cameras market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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