CIPA reported August, 2023 numbers showing a decline of 65,063 units, but lens sales increased proofing the point that lens matter more than bodies.
Historical data
Sales took a major hit in 2020 with sales dropping from 8.5 million units shipped to just over 5 million, which has never recovered. Competition from smartphones continue to impact the market. Supply constraints cause by Chinese lockdowns continued to play a role in early 2023, but production is much better than previous years.
| Year | Cameras (millions) | Annual Delta | Lenses (millions) | Annual Delta |
| 2022 | 5.927 | +10.8% | 9.7 | +1.6% |
| 2021 | 5.348 | +.074% | 9.55 | +6.1% |
| 2020 | 5.308 | -37.3% | 9 | -36.6% |
| 2019 | 8.462 | -21.4% | 14.2 | -21.1% |
| 2018 | 10.76 | -7.9% | 18 | -6.4% |
| 2017 | 11.68 | +0.6% | 19.22 | +.16% |
| 2016 | 11.61 | -11.1% | 19.19 | -11.6% |
| 2015 | 13.06 | -5.6% | 21.7 | -5.2% |
| 2014 | 13.84 | -19.2% | 22.9 | -14.2% |
| 2013 | 17.13 | -15% | 26.7 | -12.2% |
We expect 2024 to peak above 6 million unites as Canon plans two major camera releases. Having 47.5% market share, this will cause a bump in sales. Nikon, Sony and Panasonic are also expected to refresh and introduce new camera models as well as a series of lenses.
