In 2023, household expenditure on audio-visual, photographic, and information processing equipment in Canada was approximately CAD 15.38 billion. Forecast data from 2024 to 2028 indicate a gradual increase from CAD 15.46 billion in 2024 to CAD 15.79 billion in 2028. The year-on-year growth rates are modest, indicating a stable upward trend. Over the two-year period leading up to 2024, the growth rate was relatively steady, with an anticipated compounded annual growth rate (CAGR) of approximately 0.53% over the five-year period from 2023 to 2028.

Future trends to watch:

Advancements in technology and increasing digital consumption may spur further growth in expenditure.
Economic factors such as inflation and currency fluctuations could impact purchasing power and expenditure levels.
Shifts in consumer preferences towards more innovative or eco-friendly products could influence market dynamics.