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 Cameras market in Mongolia
The Mongolian Cameras eCommerce market is predicted to reach US$1.6 million by 2024 and accounts for 4.1% of the Consumer Electronics 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 13.4%, resulting in a projected market volume of US$2.6 million by 2028. The Cameras eCommerce market is a sub-market of the Consumer Electronics market. Further categories within the Consumer Electronics market are: Audio, Computing, Fitness Trackers, Game Consoles, Other Consumer Electronics, Printers & Scanners, TV & Video, and Telecommunications.
eCommerce revenue development in the Cameras market in Mongolia
eCommerce revenue growth in the Cameras market in Mongolia
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 27.4 | 35.1 | 11.1 | 9.5 | 48.9 | 67.7 | 40.7 | 21.3 | ||||
as of Consumer Electronics (in %) | 33.6 | 34.4 | 35.5 | 36.3 | 37.7 | 38.2 | 39.1 | 40.1 | 40.2 | 39.4 | 38.5 | 37.8 |
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 Mongolian Cameras market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- Headphones *
- Hifi Equipment *
- Bluetooth Loudspeakers *
- Other Loudspeakers *
- Other Audio *
- Action Cameras *
- Other Cameras *
- Other Computing *
- Fitness Trackers *
- Game Consoles *
- Game Console Accessories *
- Game Console Devices *
- Cartridges & Toners *
- Scanners *
- Other Printers & Scanners *
- Cases & Accessories *
- Smartwatches *
- Other Telecommunications *
- Media Boxes & Sticks *
- Other TV & Video *
- Other Household Appliances *
- Electric Toothbrushes *
- Hair Dryers *
- Shavers *
- Other Personal Care Appliances *
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