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See What Happened to the Photography Industry in 2014 (video)

LensVid published an analysis of what happened to the photography industry in 2014. Their findings are based on the recently published CIPA statistics. While everything is resumed in the 12 minutes video above, the folks at LensVid sums it up:

  • Camera manufacturing/sales (all types) went down in 2014 by 31% (in 2013 we looked at close to a 40% drop).
  • Lenses manufacturing/sales (for DSLR/mirrorless cameras) went down in 2014  by 12% (in 2013 it went down by %20).
  • Japan is still a huge photography market (13% of all cameras and 14% of all lenses sell in Japan which has less than 2% of the world’s population), however the rest of Asia is the only place which seems to gain any momentum in 2014.
  • Mirrorless cameras (despite all the hype) are still just 7% of the entire camera market (up from a mere 5% in 2013).
  • Compact cameras are a dying breed – going down from a 108 million units in 2010 to only 29 million in 2014 (and this number is likely to go down even further in 2015).
  • Predicting the future of the camera market proved challenging in the past – IDC (the American market research, analysis and advisory firm) failed to predict what will happen to the mirrorless camera market. In 2012 they concluded that in 2014 we will see no less than 13 million mirrorless cameras sold worldwide. Only 3 million mirrorless cameras were actually sold…

Head over to LensVid for the full story and to see the infographic in the video at full resolution.

[via LensVid]
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