
Camera companies continue to improve their products like the DSLR camera, but the market for consumer digital cameras is falling. Canon President Fujio Matarai says that the volume of camera sales has been decreasing constantly for the past couple of years and in the next two years it is expected to fall from 10 million units sold a year to almost half that.
Most people today are not buying digital cameras anymore because they already have one in their pocket. Smart phones make it easy for everyday people to photograph their lives. The improvements in phone camera quality are often comparable to a DSLR. Amateur photographers and average people no longer need professional equipment.
The convenience factor of a phone camera is a pivotal element in the choice consumers make in buying a better phone or a better camera. People can shoot photos and videos, edit, and upload to social media, all from one device and still have decent quality. If that is good enough for people, they have no reason to buy one piece of gear for the same price they can have a whole set. This shift also hurts the stock photo and footage market. People do not pay to use photos and videos someone else shot if they are able to shoot it themselves.
If Canon wants to stay ahead of their seemingly inevitable decline, they need to market their cameras to everyday consumers. By seeing what makes a smartphone camera more desirable to people today, they can implement those features in their own products.



