The Japanese Camera & Imaging Products Association (CIPA) has announced its outlook forecast on the 'shipment by product-type concerning cameras and related goods for 2024' and expects a decrease compared to 2023.
CIPA's reports provide an interesting insight into the digital camera market, looking at market trends among the best mirrorless and DSLR cameras. The 2023 annual report was released earlier this month, showing the market declined in Europe and the US but increased dramatically in Asia, with a significant increase in China. It also showed an overall decrease in digital camera and lens shipments globally, a decline that CIPA expects to continue.
