Camera industry in crisis? Thought provoking article.

Started 6 months ago | Discussions thread
MichaelKJ
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Re: More like returning to pre-digital sales levels!
In reply to Mike_PEAT, 6 months ago

Mike_PEAT wrote:

Everyone keeps talking about dropping camera sales, but what people forget is before digital there was a LOT more competition, and people kept their cameras for decades instead of months...we are just starting to return to that trend where people kept their cameras longer, and camera companies will have to get used to the BLOATED sales returning to NORMAL levels!

Since you mentioned M4/3 the E-M5 I bought is the first camera I bought that I could see myself still using in more than five years from when I bought it.

I tend to agree with you to some extent, although I did hang on to my D70 for 5 years. After buying three m4/3 cameras over a relatively short time period, I see little reason to replace my E-M5.

What your pre-digital sales levels argument fails to take into account is that there are many more people in the world than there were before digital camera era began. The world's population is currently increasing by about 80 million/year and, despite the recent recession, economic development has made cameras affordable to a larger percentage of the world's population.

This raises the question of why sales are decreasing at a time when more people can afford to own a camera. Asia (outside of Japan) is one of the fast growing parts of the world both in terms of population and GDP. I think it is reasonable to assume that a much greater percentage of the Asia population is able to afford a camera today than was the case in the pre-digital era. Nevertheless, shipments of ILCs to Asia (excluding Japan) were down 18.3% in 2013, which was slightly greater than the 16.2% decrease in shipments to the Americas and somewhat less than the 22.3% drop in shipments to Europe.

http://www.cipa.jp/stats/documents/e/d-2013_e.pdf

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