This chart by Statista, based on data from the Camera & Imaging Products Association, shows just how dramatic of a decline the camera industry has experienced since 2010. The decline coincides with the growing ubiquity of smartphones. But last year’s results may show that digital camera sales have bottomed out: for the first time in close to a decade, camera sales are on the rise again, if only slightly.
The digital camera industry saw growth in 2017 for the first time in nearly a decade
More and more people are opting to use their smartphone cameras in lieu of bulky digital SLRs. While the camera technology in phones still isn’t up to par with professional cameras, it’s improving all the time.