Digital Market and Canon Forecasts

Dempa Shinbun, a Japanese newspaper that covers Japanese industry, has reported Canon's digital camera forecasts and production numbers several times during the past year. The numbers are interesting, and tie into my 2004 predictions. For the overall digital camera market (DSLR and compact digital), Canon predicts:

Year Worldwide Unit Sales Percent Increase North American Units European Units
2001 14m -- -- --
2002 28m 100% 8.22m 6.85m
2003 41m 46% 12m 14m
2004 50m 22% -- --

The new 2004 predictions are up about 10% from earlier reports, but still, note that slowdown in market growth. Getting market share is going to be more difficult. As for Canon's sales, look at these numbers:

Year Overall Unit Sales Percent Growth
2000 1m --
2001 2.4m 140%
2002 4.5m 88%
2003 8.5m 89%
2004 12.5m 47%

So when I say in my predictions that gaining market share is becoming more difficult, I mean it. Canon's unit growth is growing faster than the market, so it is gaining share. Nikon's growth appears to be outpacing market growth, too, though not as fast as Canon's. And both companies have significant back order issues.

Looking for gear-specific information? Check out our other Web sites:
Nikon Z System mirrorless: zsystemuser.com | Nikon DSLRs: dslrbodies.com | Nikon film SLRs: filmbodies.com
Privacy Policy | Sitemap

bythom.com: all text and original images © 2026 Thom Hogan
portions Copyright 1999-2025 Thom Hogan