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And this trend doesn’t seem to have reversed at all. In fact, it has accelerated in many ways. While we could rely upon the old supports of “it’s the growth of smartphones” and the need for digital devices attuned to creating content for social media, that doesn’t really do justice to the now widespread collapse we are seeing in some segments. Somewhat accelerated by 2020 and the global pandemic, the sales in 2020 don’t bode well for the future and outlooks for 2021 are dim at best.
So is all of that justified? According to CIPA, it is.
Two interesting figures often cited as proof of this decline is the 2010 peak shipment number of 120 million units and the even more striking number, peak shipment value of 2,164B ¥ (now 420B ¥) achieved as far back as 2008.
One area that has largely remained the same through the years, and has proven a source of stability and growth, as a result, is the mirrorless interchangeable lens camera. Further, FStoppers notes that the volume-driven, profit-generating sale of compact cameras is the one that has largely collapsed, leaving a gap in revenue that the others aren’t quite able to fill. Because of this collapse in the low-end of the market, expensive, highly technical devices are left to shoulder much of the burden of churning out a profit for companies and, given the decidedly smaller nature of such a market, it is not hard to see how some of them are under some pretty intense pressure as a result.
Kehl is our staff photography news writer since 2017 and has over a decade of experience in online media and publishing and you can get to know him better here and follow him on Insta.
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