Yes, products in the decline stage can experience a renaissance. This happens when customer behavior changes, such as when 21st-century musicians took interest in somewhat forgotten synthesizers from the 1970s and 1980s.
To revitalize a declining product:
Identify new market segments or use cases
Update the product with new features or designs
Reposition the product through fresh marketing strategies
Consider bundling with other popular products
Remember, understanding your product’s life cycle is critical to making informed decisions about its future in the market.