LittleRed wrote:
Interesting article (especially for us Canoneers) taken from an interview in a Japanese magazine with Fujio Mitarai (Canon CEO) recently. Not a total surprise to me but still a bit of a eye opener.
LittleRed (Ron)
Smartphones could halve camera market in two years, Canon warns
By James Artaius (Digital Camera World, digital magazine)
Smartphones eating into market, mirrorless cameras not growing it, says Canon CEO
The digital camera market will continue to fall for the next two years before it hits rock bottom, at which time it could have shrunk by almost half. That's the bleak forecast from Canon CEO, Fujio Mitarai.
In an interview with the Nikkei (spotted by Mirrorless Rumors and translated by Digital Camera Info), Mitarai stated Canon's intention to shift its business to corporate customers in response to the grim market trend.
"In our company cameras have declined at around 10% a year in the past few years. The world market for interchangeable lens cameras is around 10 million," he said. "The mirrorless product is growing, but it is a replacement [for] single lens reflex, it is not adding to the market as a whole."
According to Mitarai, smartphones are the primary reason that the market is facing such challenging conditions.
"People usually shoot with smartphones.The digital camera market will keep falling for about two years, but professional and [advanced] amateurs use about 5 to 6 million units. Finally [the market] will hit the bottom."
The digital camera market has been in decline for some time, but it was hoped that the release of full-frame mirrorless cameras like the Canon EOS R and Nikon Z7 would reinvigorate things. Unfortunately, as Mitarai notes, mirrorless cameras are simply replacing DSLRs – they aren't resulting in new camera adopters.
With a move to service corporate customers, it seems likely that Canon's product line – particularly its compact cameras and lower end DSLRs – might be in jeopardy. With rumours continuing to swirl about professional versions of the EOS R, it looks like Canon is starting to put its eggs into one basket.
Interesting article (especially for us Canoneers) ... (
show quote)
Interesting, Digital camera's today remind me of the hay day of 35 mm in the 70's and 80's. Canon, Nikon, and many others are enjoying sales in ever increasing numbers over the 70's and 80's. Colleges and community colleges, and night schools are filling classes for lightroom, photoshop, and digital camera knowledge. Interesting times isn't it.