The CEO of MPB Photographic has predicted that the second-hand camera market will have a bountiful year in 2024 thanks to the sky-high prices attached to flagship cameras.
Canon is preparing for a time when the digital camera market will only ship 10 million units annually, about 8.2% of the number shipped in 2010. With that in mind, the company is slimming down its production, sales, and product lineups going forward.
The consumer camera market is dead. Buried. Worm food. And if camera manufacturers don't switch their focus to enthusiasts fast, they'll lose them too. That seems to be the core thesis behind this interesting industry breakdown by photographer and educator Tony Northrup.