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Camera (Digital)

Camera (Digital)

1 Issue, July - August 2023

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2024 CAMERA MAGAZINE IMAGING AWARDS

The camera market may be returning to some level of normality, but it's more about stability than growth, and the trend is still towards higher value products and the retreat from the budget end of the market continues.
2024 CAMERA MAGAZINE IMAGING AWARDS
SPECIAL FEATURE As we've noted over the last couple of years when presenting our annual awards, the camera industry took a real beating during the Covid-19 pandemic and the various knock-on effects. It was already dealing with some big challenges even before the world went into lockdown and most of the major economies suffered as a result. The global shortage of semiconductors had a big effect on camera production through 2021 and ’22, putting significant pressure on manufacturers’ balance sheets as new models were delayed and existing ones in short supply. Sales inevitably declined and the resulting rationalisation of resources saw a greater emphasis on higher-end, higher-value models. Apart from the greater revenues earned from these products, they're also the flagbearers of a brand and play a critical role in…
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Camera (Digital) - 1 Issue, July - August 2023

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