The Rise of the Premium Fixed-lens Camera
Published 31 October 2024 by MPB
Since 2018, we have witnessed a significant shift from DSLR to mirrorless cameras—and also a burgeoning interest in premium, fixed-lens cameras. These compact cameras, led by brands such as Fujifilm, Sony and Leica have seen a notable rise in popularity over the past year.
In 2023, fixed-lens cameras accounted for 15% of the total value—and 13% of the volume—of camera bodies traded on the used market. The average value of these cameras now rivals their mirrorless interchangeable-lens counterparts, with £544 vs £561. The most popular fixed-lens cameras in 2023 were the Fujifilm X100V, Fujifilm X100F, Leica Q2, Canon Powershot G7 X II, and Ricoh GR III.
The appeal of fixed-lens cameras is widespread among photographers, in particular street and travel photographers, who cherish premium compact cameras’ unique blend of high-quality imaging and convenience. The simplicity of using a single, integrated lens—without the need to swap glass on the move—can be a significant advantage for photographers, especially while working in dynamic shooting environments.
Adding to this landscape, rangefinder cameras—such as the Leica M10 Silver and Leica M Monochrom—have also made a noticeable impression, contributing 4% to the value of the used camera market. Professional photographers and enthusiasts value rangefinders cameras for their precision and vintage appeal.
Moreover, current market analytics—including CIPA data—indicate that fixed-lens cameras increasingly lean towards the premium segment. The shift towards premium fixed-lens cameras is likely a response to the diminishing demand for low-cost compact cameras, which have largely fallen out of favour due to the advancements in smartphone camera technology. The premium compact category is experiencing a renaissance, driven by the likes of the Sony RX and ZV series, Ricoh GR, and the Panasonic TZ (travel zooms), FZ (superzoom) and LX (premium compact) ranges, showing promising year-over-year growth in global value.
As compact cameras take on more features including much improved video quality and in-body image stabilisation, premium fixed-lens cameras are carving out a substantial niche.
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