CIPA stats suggest a 2024 camera market that was healthier than forecast.
The official graph released by CIPA, tracking the 2024 camera market and showing an improvement on 2023 figures. (Source: CIPA.)
Total production of cameras was up by 106.3% in volume and 114.9% in value, compared with the previous year while shipments increased by 110% and 115.5%, respectively. As expected, mirrorless cameras continued to dominate the market, rising to 116.1%, of total shipments in volume and 116.4% in value. Shipments to China continued strong, with a 124.5% year-on-year growth in volume and 127.7% growth in value. Shipments to other areas, including Japan, however, remained relatively steady, with only a slight rise in shipping volumes and values.
DSLR volumes continued to decline, while prices appeared to be slipping. This sector accounted for 85.6% of the interchangeable-lens camera market by volume and 83.6% by value. The greatest declines occurred in the Chinese and ‘other’ markets (which includes Australia and New Zealand).
The interchangeable-lens market for 2023. (Source: CIPA.)
Interchangeable lenses remain a relatively strong market sector, with a total of 10,312,728 units shipped in 2024, 112.5% of the previous year. Both sectors of this market – 35mm and larger and APS-C and smaller – showed similar degrees of growth, with volumes rising to 104.7% and 105.1% above the previous year for volumes and 112.7% and 110.2% for values, respectively.
The annual CP+ trade fair, which is run by CIPA, opens in Yokohama, Japan, next Thursday (27 February). Most leading manufacturers are expected to announce new products at this show and Photo Review will aim to keep you updated on the latest developments as they are revealed.
