Last year, we highlighted the results from 2015 in the camera industry, and they were dropping then… the trend continues!
If you’re into doom and gloom, you can see the industry is hurting compared to 2012 results, but production is still as high as 7 years ago… I think people forget there are swings to every business.
Lens production is still higher than 2009 – tho still on the downswing (tho if you look at the number of lens announcements in the last 12 months you might not think that it is on the way down). But that’s also probably why they’re announcing more lenses to try to boost sales again!
I think the biggest swing in the numbers below is the 4% growth in mirrorless sales (if you look at the % of the market chart). But also note that the number of mirrorless cameras manufactured was down 4%! So if you note the decrease of DSLRs built as down 17% and the overall market going down, the uptick in the market share for mirrorless still isn’t significant. It feels like the mirrorless growth is simply happening because the other segments of the market are dropping so much!
I think it is funny that one of the “keys” LensVid mentioned for the camera market shrinking is “Cameras are for old people” – hey! I resemble that remark! HAHA!
Infographic: Camera Industry Sales Facts For 2016
Via Canon Rumors:
LensVid has completed their yearly infographic showing camera and lens sales for 2016. The drop in sales of compact cameras, DSLRs and lenses continues. Although, in total cameras shipped, the share of DSLRs actually increased in 2016 at the expense of compact cameras, mirrorless cameras saw a bigger share of the total pie as well.
2017 is predicted to show further decline of compact cameras, but we could see that the mirrorless and DSLR segments have bottomed out and may stabilize in 2017.
LensVid has summarized the following keys about the photography industry in 2016:
- Smartphones killed the compact camera market
- Mirrorless are not fulfilling their promise
- The DSLR market is shrinking
- Cameras are for older people
Read full article at Canon Rumors “Infographic: Camera Industry Sales Facts For 2016”
(cover photo credit: snap from Canon Rumors)