As like of dwindling smartphone sales, Camera market is also facing some tough days with plummeting sales in 2019. According to a new report from CIPA (Camera and Imaging Products Association), global digital camera shipments in the first two months of 2019 have fallen below 1 million units.

Camera sales witnessed a 74.1% decline in January 2019 on YoY basis with total shipments falling to 1,001,398 units. Whereas it further sank 69.7% in February with shipments coming under a million marks – exactly 935,148 units.

Among the total shipments in February 2019, 521,217 units account for interchangeable lens packing SLRs; the fixed lens camera shipments were 413,931 units. The interchangeable lens shrank from 798,014 shipments in 2018 to 521,217 units in 2019, a registered decline of over ~35% on YoY basis.

The built-in lens or fixed lens cameras also witnessed a decline of over ~24% with sales plummeting from 542981 units in 2018 to 413931 units this year.

Improved smartphone camera quality can be termed as a major reason behind declining camera sales. Various smartphone manufacturers – Huawei, Samsung, Nokia, Xiaomi are working hard to bring smartphones with excellent camera quality. Huawei recently launched P30 and P30 Pro featuring a magnificent camera. Xiaomi also announced Mi 9 with uncomparable camera quality.

• Read More: Best Camera Smartphones of Q1 2019: Single Camera to Penta Cameras, they all make the list!

To tackle the so-called competition from smartphone manufacturers, companies like Nikon, Canon, and Sony needs to reinvent their policies and products.

(source)

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