It’s no secret that smartphones have killed the camera business over the past 10 years, but Canon says that the market may have finally hit bottom, so there may be a reason to be optimistic. Even DSLRs aren’t dead yet, it turns out.
Canon just put out their financial report for Q2 2022, and it seems to have some good news. The company says in the report that the overall camera market has:
…largely bottomed out at its current size. Going forward, we expect the professional and advanced amateur segment to expand further and that products will become more highly developed. Accordingly, we expect the overall market to grow from now on.
This is great news because demand has been going down for a long time and often very quickly. Some people were worried that it would drop so low that it would completely change the industry. Even though smartphones have become quite advanced, it seems that Canon sees them as a way for many users to move up to more advanced gear.
In the last few years, we’ve seen a lot of lower-level products that focus on integrating social media features and making it easier to make content that’s ready to post.
Canon also says that they will keep making DSLRs as long as people want them. It’s important to note that this is not the same as saying that new DSLRs will be made and sold.
I would be very surprised if the company came out with a new DSLR, but pros still use cameras like the 1D X Mark III, and I think the demand for these kinds of cameras will stay high for at least a few more years.