Since 2010, the interchangeable lens digicam (ILC) market has been reducing at an alarming and regular fee. Now, it appears Canon is projecting this pattern won’t solely proceed on, however expects it to extend exponentially with claims the ILC market can be reduce in half throughout the subsequent two years.

In an interview with Nikkei [translated, paywall], Canon CEO Fujio Mitarai shared a number of insights into the place Canon sees each its future and the market going.

As summarized by CanonRumors, Mr. Fujio says its digicam gross sales have decreased roughly 10% yr over yr since ILC gross sales hit their peak in 2010.

A not-quite-accurate Canon analogy for reducing ILC gross sales.

At present, the worldwide marketplace for interchangeable lens cameras is estimated at 10 million models per yr, in keeping with each Mr. Fujio and CIPA knowledge [PDF, page 2], however Canon expects that quantity to drop right down to and plateau at roughly 5-6 million prosumer {and professional} cameras by the tip of 2020.

Mr. Fujio additionally famous mirrorless digicam gross sales aren’t including to its backside line, however are as a substitute consuming into the gross sales of DSLRs. This may occasionally very nicely have performed into the explanation Canon opted to launch just one mirrorless digicam in 2018 and would not look like in a rush to get many extra out by the tip of 2019. It might have additionally been a consider each Canon and Nikon taking so lengthy to get into the full-frame mirrorless market; if all of the capital put in direction of analysis and growth (R&D) is just going to cannibalize your cash makers, there’s not a lot must rush the brand new expertise.

To fight the declining income from ILC gross sales, Mr. Fujio says Canon plans to shift its focus to company gross sales fairly than shopper gross sales over the approaching years. In consequence, Canon can be placing extra emphasis — learn: R&D — on industrial, surveillance, and medical imaging going ahead.

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