Worldwide Digital Camera Market Hits a Three-Year High

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CIPA released data for May, showing the worldwide digital camera market hit a three-year high. Mirrorless cameras are more popular than ever.

The latest CIPA results show that May was an excellent and interesting month for the photography industry. For the January through May period, camera sales hit their highest levels in the past three years., total interchangeable lens camera shipments from January through May of this year increased by nearly 10% compared to last year and just under 12% compared to 2022.doesn’t include a comprehensive breakdown of cameras shipped and sold by specific manufacturers.

It’s also interesting to consider the relative popularity of mirrorless interchangeable lens cameras across different markets. Looking at ILCs, the ratio of mirrorless to SLR in China is about 25:1. In Japan, that ratio is a much lower 11.7:1 so far in 2024. In Europe and the Americas, the ratio of mirrorless to SLR is roughly 2.7:1.

 

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