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Canon CEO thinks the digital camera market will shrink further the next two years until we finally hit the bottom

Canon CEO Fujio Mitarai released some interesting info in a recent interview with Nikkei:

1) Canon will shift the camera business’s focus to corporate customers
2) T
he market for digital cameras could shrink to about half in the next two years.
3) n our company cameras have declined at around 10% a year (sales volume) in the past few years (combined with single lens reflex and mirrorless) The world market for interchangeable lens cameras is around 10 million, but decreased
4) The mirrorless product is growing, but it is a replacement with a single lens reflex, it is not adding to the market as a whole “
5) People usually shoot with smartphones.The digital camera market will keep falling for about 2 years, but professional and high amateur (advanced) amateurs use about 5 to 6 million units. Finally there I will hit the bottom.

I believe Canon is right on this: The camera market will still shrink the upcoming years and probably their DSLR line will slowly fade out too with less and less DSLR cameras being released.


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