Looking at the total number of digital still cameras produced by CIPA companies each year from 1999 to 2021, we see a steep decline since 2010. In 2010, the production value stood at over 121 million units. However, in 2021, it had dropped to just 8.34 million units.
As the legacy camera manufacturers look to remain in the business, one solution has been to reduce the size of their photography segments to cut losses. A great example is Olympus Corporation, a well-known manufacturer of cameras since 1919, who sold most of their photography division to Japan Industrial Partners (JIP) in December 2020. Instead, the company are focusing on more profitable ventures such as scientific and medical imaging products.
CIPA companies' production of digital still cameras worldwide from 1999 to 2021
(in million units)
The abbreviation CIPA stands for "Camera & Imaging Products Association". The CIPA is the trade association of the Japanese photo industry.
Includes data from the following producers: Olympus, Casio, Canon, Kodak, Sanyo Electric, Sigma, Seiko Epson, Sony, Tomy, Nikon, Panasonic, Fujifilm, Hoya, Ricoh.
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CIPA. (April 21, 2022). CIPA companies' production of digital still cameras worldwide from 1999 to 2021 (in million units) [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/264336/world-production-of-digital-cameras-since-1999/
CIPA. "CIPA companies' production of digital still cameras worldwide from 1999 to 2021 (in million units)." Chart. April 21, 2022. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/264336/world-production-of-digital-cameras-since-1999/
CIPA. (2022). CIPA companies' production of digital still cameras worldwide from 1999 to 2021 (in million units). Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/264336/world-production-of-digital-cameras-since-1999/
CIPA. "Cipa Companies' Production of Digital Still Cameras Worldwide from 1999 to 2021 (in Million Units)." Statista, Statista Inc., 21 Apr 2022, https://www.statista.com/statistics/264336/world-production-of-digital-cameras-since-1999/
CIPA, CIPA companies' production of digital still cameras worldwide from 1999 to 2021 (in million units) Statista, https://www.statista.com/statistics/264336/world-production-of-digital-cameras-since-1999/ (last visited May 19, 2022)