For the better part of a decade, we've been hearing doom and gloom analyses about the death of the camera market at the hands of the camera phone and the like. This has been reflected by a steady decline in sales, but for the first time in years, 2017 experienced an overall growth.
Lens Vid took a look at the Camera and Imaging Products Association analysis of the global camera market for 2017, and for once, the figures show some promise, as the number of shipped cameras increased by 8 percent in 2017, while shipped lenses increased 2 percent. While those are admittedly modest rates of increase, when taken in context of the overall trend of the last decade or so, they're huge news, as many have been sounding the death knell of the industry for years. I personally think such predictions are a little dramatic; it's my belief that there will always be such a market; we're simply seeing it dwindle as those for whom a dedicated camera is less a necessity and more a luxury opt for a camera phone. I fully expect the numbers to stabilize at the baseline of the professional and semi-professional market and possibly rebound (as we might be seeing) as consumers' demand for better imagery continues to increase. If you want to learn more after watching the video, you can read the full analysis at Lens Vid.