Digital Camera Sales Rose for the First Time in Almost Ten Years!

Sony A7Riii
(The Sony A7R III... an industry savior)

It's no secret that smartphones have killed the digital camera market. Yes, camera manufacturers are still churning out great cameras, in fact, the cameras that are coming out today are incredible, but according to this chart from Statista, the type of camera that they're selling has changed.

digital camera sales chart.jpg
 (chart from Statista)

Point-and-shoots, or cameras with built-in lenses, used to dominate the market. In fact, fixed lens cameras used to make up more than 80% of the market of cameras sold. Overall digital camera sales were up in 2017 from 2016 by almost a million more units sold. The big takeaway here though is that ILCs (Interchangeable lens Camera) is now almost 50% of the market. 

Point and shoots are too close to a smartphone in image quality for most people. So, people getting into the DSLR or ILC market want something that looks better than what they can get from the camera that's with them all the time. 

This is a good thing for everyone. It's forcing camera manufacturers to step up their game and make better overall cameras at all levels. Let's be honest, some of those point-and-shoots were quite terrible for years, but there was no reason to improve them because people were still buying them. A lot of those entry-level cameras don't even exist anymore, and if they do, they have to provide the user with a connectivity and ease of use of a smartphone. 

As iPhones and Androids get better and better, so, too now will the entry level DLSRs and ILCs. Most point and shoots now come with Wi-Fi and or Bluetooth and can connect to your phone to use as a remote or to transfer photos to upload to social media. I don't think we're far away from a fixed lens DSLR that has integrated APPS like Instagram and Photoshop and the ability to edit and upload right on the device. Either way with camera sales now back on the rise it's a good bet that we're going to see more innovation down the road.