Canon Expects Interchangeable Lens Camera Market to Contract Another 50 Percent

This is an interesting look at what senior players at camera manufacturers are faced with when confronting a changing photography landscape. In an interview reported by both DPReview and Canon Rumors, but officially published by Nikkei (originally in Japanese, but translated), Fujio Matarai, Canon’s CEO, provided insights on the camera market. It is important to note that this discussion is about all interchangeable lens cameras (ILCs), not just the typical mirrorless vs. DSLRs.

The market has declined 10% year-over-year. This trend will continue for the next several years. Mirrorless cameras are a replacement for DSLRs, but do not drive up total units sold.

What we’re most curious about given a contracting market segment is what it will do to prices of professional-level gear. Costs, even if adjusted for inflation, of flagship systems are already well above where they were ten years ago. Given the smaller market, what will the price of a flagship system camera be in 2025?