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Mirrorless camera sales up, all other market segments falling

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Digital camera sales are on a worldwide decline so far in 2014, continuing a trend that first started in 2012. The new numbers come from the Camera and Imaging Products Association (CIPA). As for exact figures, on average, digital camera sales are down about a third compared to the same time frame last year.

So, what's going on?

As for what's going on, sales of digital cameras as a whole are down across the world by about 34%, or about a third, relative to last year. The American market is hardest hit, with declines of about 50%. The one ray of hope: globally, the sale of mirrorless, interchangeable lens models is up by 24% despite sales of these cameras being down by 34% in the Americas.

See also: what does this mean?

These findings came shortly after similar trends were reported by LensVid, which compiled CIPA numbers from 2009-2013 in an infographic. Overall trends from 2009-13? The camera sales worldwide peaked in 2010 and have dropped about 40% through 2013. As for lenses, their production peaked in 2012 and had dropped by a whopping 20% just in 2013 alone. Further trends include an increase in market share for cameras with interchangeable lenses (mirrored and mirrorless) and a dramatic decline in both absolute production numbers (down 60% since 2010) and market share for cameras with built-in optics.

Needless to say, the market is changing quite dramatically, which means that camera makers will have to pull out all the stops in 2014 in order to get consumers to buy their products.

For more info:
Imaging Resource

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