Electronics market in Serbia

The Serbian Electronics eCommerce market is predicted to reach US$191.5 million by 2024 and accounts for 20.5% of the total eCommerce market in Serbia. 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 3.3%, resulting in a projected market volume of US$218.3 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 Action Cameras market in Serbia

The Serbian Action Cameras eCommerce market is predicted to reach US$0.2 million by 2024 and accounts for 6.5% of the Cameras eCommerce market in Serbia. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -10.5%, resulting in a projected market volume of US$0.2 million by 2028. The Action Cameras eCommerce market is a sub-market of the Cameras market. Further categories within the Cameras market are: Camera Lenses, Digital Cameras, and Other Cameras.

eCommerce revenue development in the Action Cameras market in Serbia

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Action Cameras market in Serbia

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)34.39.462.439.153.270.475.426.7

Online share

eCommerce online share of the total Action Cameras market in Serbia

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Serbian Action Cameras retail market, the online share is 42.0% and will increase by an average of 15.4% to 74.5% by 2028.

eCommerce online share of the total Action Cameras market in Serbia

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)25.6%53.7%56.2%65.0%58.4%86.8%36.2%22.0%

Market definition

Definition of the Action Cameras market within the Electronics market

Market definition: Electronics > Consumer Electronics > Cameras > Action Cameras The category Action Cameras includes the online trade of action cameras (e.g. GoPro, DJI, Insta360). This category does not cover digital cameras, other cameras (e.g. analog cameras, instant cameras, film cameras) or action camera accessories (e.g. mounts and adhesive pads, protective cases and housings, camera straps and harnesses). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Action cameras (e.g. GoPro, DJI, Insta360)

Out-of-scope

  • Digital cameras
  • Other cameras (e.g. analog cameras, instant cameras, film cameras)
  • Action camera accessories (e.g. mounts and adhesive pads, protective cases and housings, camera straps and harnesses)

Market comparison

The Serbian Action Cameras market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis

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