Electronics market in Mongolia
The Mongolian Electronics eCommerce market is predicted to reach US$56.4 million by 2024 and accounts for 23.1% of the total eCommerce market in Mongolia. 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 24.4%, resulting in a projected market volume of US$135.3 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 Camera Lenses market in Mongolia
The Mongolian Camera Lenses eCommerce market is predicted to reach US$0.6 million by 2024 and accounts for 40.1% of the Cameras eCommerce market in Mongolia. 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 15.9%, resulting in a projected market volume of US$1.1 million by 2028. The Camera Lenses eCommerce market is a sub-market of the Cameras market. Further categories within the Cameras market are: Action Cameras, Digital Cameras, and Other Cameras.
eCommerce revenue development in the Camera Lenses market in Mongolia
eCommerce revenue growth in the Camera Lenses market in Mongolia
Net eCommerce revenue split by sub-category
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 14.1 | 32.4 | 54.0 | 85.8 | 80.3 | 96.9 | 54.6 | 85.9 |
Market definition
Definition of the Camera Lenses market within the Electronics market
Market definition: Electronics > Consumer Electronics > Cameras > Camera Lenses The category Camera Lenses includes the online trade of interchangeable camera lenses, specialty lenses (e.g. fisheye lenses, tilt-shift lenses) and lens filters (e.g. uv filters, polarizing filters, color filters). This category does not cover digital cameras, action cameras (e.g. gopro, dji, insta360) or other cameras (e.g. analog camera, instant cameras, film cameras). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Interchangeable camera lenses
- Specialty lenses (e.g. fisheye lenses, tilt-shift lenses)
- Lens filters (e.g. UV filters, polarizing filters, color filters)
Out-of-scope
- Digital cameras
- Action cameras (e.g. GoPro, DJI, Insta360)
- Other Cameras (e.g. analog camera, instant cameras, film cameras)
- Lens accessories (e.g. lens adapters and mounts, lens caps and hoods, lens cloths)
Market comparison
The Mongolian Camera Lenses market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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