New charts showing the trend of the digital camera market

Statista published those two charts that once more highlight the impact of the smartphone business on sales of digital cameras. They writes:

According to CIPA, a Japan-based industry group with members such as OM Digital Solutions (formerly Olympus), Canon and Nikon, worldwide camera shipments dropped by 94 percent between 2010 and 2023, wiping out decades of growth. The steep decline was mainly driven by a drop-off in shipments of digital cameras with built-in lenses, the type that casual photographers used to rely on prior to the rise of smartphone photography. In 2023, CIPA members shipped just 1.7 million cameras with built-in lens, down from almost 109 million in 2010.

The downtrend seems to have been bottomed out. The next years should be more stable and there might be even some small sales increase with youngsters being very much interested in cameras that give them a certain edge over classic smartphone photography. For example: The Pentax 17 film camera and the FujiFilm X100VI are selling hot because of their unique values. Let’s see if Sony gets it and will update their RX lineup...