This short article provides readers with a May 2017 camera market update, using the most recent CIPA statistics.
NOTE: Click on graphics to enlarge
As you can see in the graph above, the global camera market is showing some signs of a potential, slight rebound in 2017. Considering YTD May 2017 shipment data, it now looks like the digital camera market could reach 27.8 million units. This estimate is down slightly from the 29 million units we initially projected based on 1st quarter 2017 CIPA statistics.
At the end of the 1st quarter, it appeared that the fixed lens camera market could come in at 15.7 million units, with a ‘worst case’ scenario of 12.1 million units. Considering YTD May 2017 CIPA data it now appears that the fixed lens camera market size will be approximately 14.97 million units. This is slightly below our 1st quarter estimate, but would still represent an increase over 2016 year-end performance.
Shipments of DSLRs have softened somewhat since the 1st quarter update in which we estimated 2017 to come in at 8.45 million units. It now appears that the DSLR market will likely be about 8.03 million units. While the erosion in DSLR shipments has moderated considerably, it is probably still of concern to companies like Canon and Nikon.
Mirrorless cameras continue to have a good year in 2017. In our 1st quarter update we estimated that the market would come in at 5.067 million units. Our revised estimate for mirrorless cameras for 2017 is 5.096 million units. If this trend holds, it would represent a significant increase in mirrorless camera shipment volume.
Shipments of interchangeable lenses are still trending to create an overall increase in shipment volume for 2017 as compared to year-end 2016 performance. Our 1st quarter estimate was 21.76 million units. Based on YTD May 2017 CIPA statistics, we have lowered our estimate slightly to 20.97 million units. This would be a slight increase over 2016 performance.
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