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Canon Exec Sees A Dark Future For Digital Cameras, Thinks Market Will Shrink By Half In Next 2 Years

Canon Rumors Canon Full Frame Mirrorless

In an interview with Nikkei, Canon CEO Fujio Mitarai gave some interesting insights in Canon’s future strategy.

Mirrorless Rumors summed up the interview:

  • Canon will shift the camera business’s focus to corporate customers
  • The market for digital cameras could shrink to about half in the next two years.
  • Cameras sales have declined at around 10% a year in the past few years (combined with single lens reflex and mirrorless). The global market for interchangeable lens cameras is around 10 million, but decreased
  • The mirrorless market share is growing, but it is a replacement with a single lens reflex, it is not adding to the market as a whole
  • 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
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