CIPA 2023: The bleeding as stopped

[Canon Rumors Guy]

CIPA recently released its final statistics for December, which allows us to now view 2023 in its entirety. For the most part, the industry has reached a state of equilibrium post-COVID-19. There are some interesting a notable trends though, so let’s dive a bit into the details and more importantly, the last 5 years. Looking

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[EOS 4 Life]

With apologies to Pentax, there are no new DSLRs left to buy.
Of course the market is tanking.
I would have bought a DSLR if either Canon or Nikon would make a new one.
The market might still be shrinking but not by near as much.

 

[Sporgon]

With apologies to Pentax, there are no new DSLRs left to buy.
Of course the market is tanking.
I would have bought a DSLR if either Canon or Nikon would make a new one.
The market might still be shrinking but not by near as much.

When you say "new" I guess you mean new model. It's true that Pentax have recently brought out the aps-c K3iii and the monochrome, but their FF K-1 mark 2 is getting quite long in the tooth at nearly six years old, and it's based upon the 2016 camera anyway, so really it's no better in "new" terms than the 5DIV. So will Pentax produce a new K-1 mark 3 ? I suspect that they won't as demand isn't there. I think the K3iii is more expensive than the K1 now.

 

[John Wilde]

When CP+ starts, CIPA should have their usual press release forecasting 2024 ILC unit sales.

 

[dolina]

Point & shoots and dSLRs are crashing YoY for a decade

MILC is improving since 2020.

Looking forward to 2024 EOS R5 Mark II to replace my 2015 EOS 5Ds R!

 

[neuroanatomist]

MILC is improving since 2020.

Relative to what? The first year CIPA broke out mirrorless was 2012, and that year there were just under 4 million units shipped. Shipments dropped to ~3 million per year, then rose to 4.2-4.3 million in 2017-2018 before falling again. It took until last year to top that 2018 peak.

Overall, MILC market share has been improving for several years. But MILC unit sales have been essentially flat (on average) since CIPA started tracking them, while DSLR sales plummeted. Note that while unit sales for MILCs has been flat, unit value has been steadily increasing.

It’s too soon to say if the jump to nearly 5 million units in 2023 is an outlier.

 

[dolina]

Year	2016	2017	2018	2019	2020	2021	2022	2023
Total Cameras	24,189,870	24,978,486	19,423,371	15,216,957	8,886,292	8,361,521	8,011,598	7,720,505
Point & Shoot	12,582,092	13,302,797	8,663,574	6,755,467	3,578,643	3,013,250	2,084,865	1,721,592
Total SLR & Mirrorless	11,607,778	11,675,689	10,759,797	8,461,490	5,307,649	5,348,271	5,926,733	5,998,913
SLR	8,449,043	7,595,708	6,620,999	4,504,987	2,374,569	2,241,772	1,853,222	1,166,100
Mirrorless	3,158,735	4,079,981	4,138,798	3,956,503	2,933,080	3,106,499	4,073,511	4,832,813
% of Point & Shoots	52.01%	53.26%	44.60%	44.39%	40.27%	36.04%	26.02%	22.30%
% of SLR & Mirrorless	47.99%	46.74%	55.40%	55.61%	59.73%	63.96%	73.98%	77.70%

Would not be surprised p&s, dSLR & mirrorless will eventually settle at 6 million units annually.

 

[neuroanatomist]

Slight upward trend with 2023 included, without last year the trendline is basically flat.

 

[Richard CR]

Relative to what? The first year CIPA broke out mirrorless was 2012, and that year there were just under 4 million units shipped. Shipments dropped to ~3 million per year, then rose to 4.2-4.3 million in 2017-2018 before falling again. It took until last year to top that 2018 peak.

Overall, MILC market share has been improving for several years. But MILC unit sales have been essentially flat (on average) since CIPA started tracking them, while DSLR sales plummeted. Note that while unit sales for MILCs has been flat, unit value has been steadily increasing.

It’s too soon to say if the jump to nearly 5 million units in 2023 is an outlier.

I think a lot of that depends on China for ILC's overall it's the only region with > 20% growth, looking solely at mirrorless, it had almost 40% growth compared to the Americas with 20%. Asia overall contributed the most with 2.44m in shipments, versus 1.92m the year prior.