Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Sony’s Compact Digital Camera Market Slump from 1 to 7: BCN+R

Yusuf Balogun
Yusuf Balogun
Yusuf is a law graduate and freelance journalist with a keen interest in tech reporting.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

For decades now, Sony has been leading the camera industry. With its cutting-edge technology and commitment to pushing the boundaries of what is possible, Sony has solidified its position. From amateurs to professionals, photographers rely heavily on Sony’s excellent quality, dependability, and versatility.

Unfortunately, things have turned the other way around as the firm is reported to have dropped from the first position to seventh in the compact digital camera market. Recent data from the renowned Japanese research and market analyst firm BCN Retail (BCN+R) shows that the structure of the compact digital camera market has undergone major changes in the past period, and Sony has fallen from first in the market to seventh. 

How Sony’s Compact Digital Camera Market Slump

As shown in the graph released by the research and market analyst, Sony continued to hold more than 22.3% of the market share for compact cameras in October 2022, making it the leading manufacturer at that time. But Sony’s share completely decreased in the following months. Sony’s market share for small cameras fell to 17% in November 2022. Sony’s market share in May 2023 was only 4.2%, placing it ninth overall.

The composition ratio of sensor size has seen the most significant market change, according to BCN+R. As of May of last year, 81.4% of sales were made by Sony’s 1/2.3-inch sensor compact digital camera models. Most models have affordable prices. However, the percentage of models having 1/2.3-inch sensors dropped to 23.0% in May of this year. Models with 1-inch sensors, which are rather pricey, made up about 76.5% of the total. One of the causes of Sony’s significant market share decline is due to this.

Despite this, Sony has generally backed away from the competition for market share with inexpensive models sporting 1/2.3-inch sensors, which constitute the majority of tiny digital cameras. The 1-inch sensor devices from Sony continue to do well on the market. These items still perform well when pitted against rival products from manufacturers like Canon.

Meanwhile, not too long ago, when asked if Sony would stop making compact digital cameras,

“The product lineup may change, but we have no intention of discontinuing compact digital cameras.” – senior manager of Sony’s picture entertainment division, Yuki Saito

Given the development, we hope Sony will sit up tight to claim back its position. 


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic