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Canon dominated the global digital camera market in 2024, accounting for nearly ** percent of it. Sony and Nikon followed in the ranking, with ** and ** percent of the market, respectively. Panasonic recorded a market share below five percent.

Canon

The Japanese multinational corporation is specialized in optical, imaging, and industrial products, and its history dates back to the late thirties, when its predecessor Precision Optical Instruments Laboratory was founded. Canon’s sales fluctuated over the years, and they peaked in 2007, reaching nearly *** trillion Japanese yen. Canon’s sales amounted to roughly *** trillion Japanese yen in 2023. 

Camera shipments

Camera shipments peaked in 2010, when vendors shipped over *** million digital still cameras. The camera market has only declined since that time, likely due to the global rise of smartphones and advancements in smartphone camera technology. Nevertheless, nearly million digital still cameras were shipped globally in 2023. Prices of digital cameras are expected to remain relatively stable in the coming years, and an average camera will cost over *** U.S. dollars in 2030.