In 2023, the actual sold production of digital cameras in Denmark was recorded at 1.136 thousand items. For 2024, the forecasted value is 1.05 thousand items, indicating a decrease of approximately 7.6% from the previous year. For 2025, a further decline to 0.964 thousand items is expected, representing a year-on-year decrease of 8.2%. Continued downward trends are anticipated for the subsequent years, with projected values of 0.878 thousand items in 2026 (down 8.9%), 0.794 thousand items in 2027 (down 9.6%), and 0.71 thousand items in 2028 (down 10.6%). The compounded annual growth rate (CAGR) over the five-year period from 2023 to 2028 is projected to be -8.9%.
Future trends to watch for include the impact of technological advancements in smartphone cameras, which may further decrease the demand for standalone digital cameras. In addition, advancements in photography-related AI and improved sensor technology could soften the decline, particularly in the niche and professional markets.
