Patrick at Fuji Rumors reports Fuji had 8% of the mirrorless market in 2023. Canon led with 41%, followed by Sony (32%) and Nikon (13%).
This is interesting. Canon entered the mirrorless game late, their mirrorless offerings are clunky in size. Nikon is also a late entrant. Sony was serious about it and its market share shows that. Canon's share is surprising. But I'm surprised Fuji's share is so low. They were an early entrant with a diverse camera line and quality glass.
Canon has dominated market share for the better part of the last three decades. Their name and brand recognition in imaging is second to none. That they have a dominant market share position in the mirrorless segment isn't at all surprising.
Sony's story is impressive. They were foundering as a manufacturer of DSLR bodies. Then, they stopped midstream, embraced mirrorless, introduced the A7 variants, and refreshed or upgraded systems every 12 months or so for 2-3 years. It's a strategy that established Sony's brand as a manufacturer that innovates new technology. It also catapulted Sony over Nikon as the second of two major players in the digital imaging duopoly.
Fujifilm was on the brink of leaving digital imaging when they rolled the dice on retro-styled compact APS-C cameras that anyone can carry around all day. They made the decision to forego full-frame to not compete with Canon and Nikon (this was before Sony's rise) for market share dominance. Their gambit was successful and Fuji has happily remained profitable developing niche products for specific audiences of photographers.
Fujifilm's market share isn't an indication of product quality so much as user experience. Fujifilm cameras are for the photographer who wants to travel and pack light, whose personal aesthetic stands out as not blending in with the pack, as being a bit quirky, and not in a hurry to make a photo.
They know their audience and serve them, well.
If anything, the successful entry into medium format diversifies Fujifilm's position in digital imaging. I'd say they're better positioned than ever for the next 5-10 years.