This should make the camera world happy. Canon will re-enter the compact camera segment in 2025 with the PowerShot V1. It will be a real compact camera and nothing like the PowerShot V10 that we initially assumed it would be.
For the moment, the announcement for the PowerShot V1 is expected in late Q1/early Q2. As always, announcement dates are fluid.
We have confirmed with 100% certainty that Canon will be dicontinuing both the PowerShot G7 X Mark III and PowerShot SX70 HS in the first half of 2025. Which would fit nicely with the launch of the new PowerShot V series line of cameras.
Canon will be launching a new line of compact cameras in 2025, starting with the PowerShot V1. It looks like they’re going to move on from the “G” series with the new line. The “G” series has existed since 2000 and a lot of the people buying compacts these days weren’t even born then.
“V” series doesn’t really have any lineage outside of the PowerShot V10 and they could always just “Mark II” that camera if it ever gets a successor.
We have continued to press the source about the camera and have further rumored specifications for the PowerShot V1.
Canon PowerShot V1 Rumored Specifications
- 24MP CMOS Sensor (approx)
- Approximently 16-50mm (35mm Equivalent)
- 3″ Screen (Approx 1 million pixels)
- Screen has a 170° viewing angle
- 4K Video (Very slight crop, but likely for aspect ratio)
- 1.4X Crop Mode for Stills
- RAW, C-RAW, Dual Pixel RAW
- H.265 / HEVC
- C-Log3 / HDR PQ
- Launch: Late Q1/Early Q2 2025
Who Will Make the Image Sensor?
We believe that it will be a Canon made sensor if we’re seeing “Dual Pixel” information already. The Canon PowerShot G1 X Mark III used a Canon made image sensor and it was the only PowerShot compact camera to feature Dual Pixel Autofocus as far as we can remember.
What is the PowerShot V1 Going to Look Like?
The source also sent in an AI generated image of what the camera will look like, as they didn’t feel comfortable sending in images of the actual camera. We understand that sort of thing, because it’s likely that the images aren’t official Canon product shots.
I wasn’t sure whether to post the AI generated image. The mockups and AI generated images that the source has sent us previously have been extremely accurate, so I figured I would do it.
Hopefully the internet will understand that this image is a mockup, not an official Canon image and the actual camera may have some subtle differences, but this should get the form-factor of the PowerShot V10 out of our collective heads.
Canon PowerShot V1 Mockup
The source was unable to confirm any sort of measurements of the PowerShot V1, but said that it looked a bit bigger than the PowerShot G7 X Mark III, but couldn’t be 100% sure. Going by the mockup that was sent, it definitely looks thicker. We’ll have to wait and see on that one though.
Are their More PowerShot V Series Cameras Coming?
There is no word on other PowerShot V1 cameras to be announced in 2025, and I don’t expect a new line of compacts to grow quickly. This will likely be a segment that companies will dip their toes into to before they’re truly confident that there is indeed a rebirth in the compact camera segment.
If we had our way, Canon would do what the PowerShot V1 appears to be, and a large zoom range V series camera to fill the void left by the PowerShot SX70 HS which is heading out to pasture.
What Will The PowerShot V1 Cost?
We have no idea at this time, but if one looks at the current price of compact cameras, we would guess that it’ll be priced somewhere between $600-$800.
Richard is jumping in now.
What Isn’t a Rumor – Canon has Compact Cameras in its sights for 2025.
After writing up the financial summary from Canon for 2024. Canon made certain that we are going to see high-end compact cameras in 2025 with this statement.
[D]ue to the spread of SNS, the popularity of compact cameras that can easily capture images that differ from those of smartphones is growing among young people. As a result, we are seeing a buildup of orders, mainly for higher priced models like the PowerShot G7 X Mark III. We aim to expand overall camera sales by 8.4% through increased production and supply.
If you recall, last year, I had been harping for the longest time on the lack of advanced compact cameras as the trends were sweeping through Japan. This is as good of an indicator as we will ever get from Canon that something is coming. Canon will never state that they are making a new camera, but by suggesting they want to increase sales, the way to do that is to add new cameras. Now some of you will suggest that this means that Canon will simply come out and produce more G7X Mark III, but I personally don’t think so because that does not have a DPAF sensor which is necessary these days for video and they wouldn’t necessarily sell more than they are already.
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Time to sell my Olympus E-PL with its atrocious ergonomics and menu!
So, when time comes to get a second small camera, I'll (generally speaking "we`ll") have great options :)
But with the 20mm F1.4 patent and this camera it already sounds like the couple of years are going to be expensive, especially since I do have plans to upgrade some other lenses and equipment :ROFLMAO:
Are there FF sensor in a such a small body possible? I think had such a camera once...
CR guy even listed the reasons and concerns of doing so...
Well.. I guess the internet couldn't.
Thats what I get for not properly reading through the text. Shame on me
All I want from this line is good autofocus. The G7X III is great for photos but the RX100 VII blows it out of the water in video and autofocus. I use the RX100 VII as my compact camera and the EVF, flash and zoom make it great for almost everything, but I can't stand the menus.
If I could make a wish:
Give me camera like the G7X MkIII, 1" sensor, latest sensor design, DPAF and AF like in the lower end bodies (R50), and the same lens, (or better, but 24-100 mm FF eq) as the Mk III has.
16-50mm (35mm Equivalent) is too short for me. If it was an APS-C sensor, than that would make me rethink.
I hope the real product is similar!
There have been patents with fixed lens designs in the past, they aren't very common though. What does come about more often is compact lens optical designs. Though not many since they stopped with the development. I would expect to start seeing some over the next bunch of months.
Also I hope Canon doesn't make the same mistake like Panasonic with the ZS99 and doesn't give us a camera with mediocre sensor and lens. Keeping my fingers crossed that it'll be a real G7X successor.