Let this sink in: Since 2010, digital camera sales have fallen from around 120 million to 40 million units. The main reason, obviously, is that consumers can fulfill most of their photography needs with a smartphone. That leaves manufacturers a small but profitable high-end market. Judging by what I saw at Photokina, however, Canon, Nikon, Fujifilm, Olympus, Sony and Panasonic are all targeting that niche in different ways.

• Canon:

is still popular, judging by the throngs clamoring to try the new 5D Mark VI (and our Twitter poll). The company just released the EOS M5, easily its best mirrorless camera to date. The model has some nice features, like 7 fps shooting and a fast Dual Pixel contrast autofocus system that tracks moving subjects for video. The fact that it jumped into the mirrorless game late is starting to show, though.

It's lagging behind competitors, especially considering the $980 price (body only). For the same sum, you can get a Sony A6300 mirrorless camera with a similar sensor that shoots 4K instead of 1080p and has better low-light capability and superior (11 fps) burst shooting.

Canon's bread and butter is still DSLRs, but as mirrorless cameras improve, folks are going to switch. Personally, I don't want to lug around my Canon DSLR anymore when a Fujifilm or Sony model is just as good and weighs half as much. In other words, 

Canon's next mirrorless model had better be at least on par with its rivals.

• Nikon:

 is doing even less than Canon in mirrorless as rumors swirl around the future of the Nikon 1 series. While still leaning on its pro DSLR market, the Japanese company is now banking on a whole new category: virtual reality. Nikon announced two new KeyMission action cameras (the 270 and 85), plus an October release date and $500 price for its impressive-looking 4K KeyMission 360 camera. Though known for its optics, Nikon has nailed the stitching software on the KeyMission 360, judging by a (very short) demo.


It is again targeting its bread-and-butter pro market by pitching the KeyMission 360 to DSLR photographers as a way to capture VR video during photo shoots. (It even has a hot-shoe mount that lets you stick it on top of a D700 or D5.) But this is a side project for Nikon right now;

like Canon, it really needs to make headway in the mirrorless market.

 

•  Olympus:

is held back by its smallish Micro Four Thirds sensor, compared with Sony's, Canon's and Fujifilm's APS-C models? The new OMD-EM1 Mark II flagship will test that theory. It seemingly has everything a pro photographer would need: 18 fps shooting speed with AF and exposure tracking (up to 60 fps with AF locked), 4K video, a stellar EVF and a body that's as lovely to hold as it is to look at. The company also revealed a new 25mm f/1.2 25mm lens, allowing the bokeh and light sensitivity that pros expect. Judging by several conversations with colleagues at the show, however, many won't even consider it with that sensor. We don't know the price yet, but if the OMD-EM1 II is the same as the first model ($1,500), buyers will be more tempted by, say, Sony's $1,600 (body only) Alpha A7 II, which has a full-frame sensor -- twice as large as that on the Olympus model.

smart Camera

At Photokina, camera makers carve out their territory

Let this sink in: Since 2010, digital camera sales have fallen from around 120 million to 40 million units. The main reason, obviously, is that consumers can fulfill most of their photography needs with a smartphone. That leaves manufacturers a small but profitable high-end market. Judging by what I saw at Photokina, however, Canon, Nikon, Fujifilm, Olympus, Sony and Panasonic are all targeting that niche in different ways.

• Canon:

is still popular, judging by the throngs clamoring to try the new 5D Mark VI (and our Twitter poll). The company just released the EOS M5, easily its best mirrorless camera to date. The model has some nice features, like 7 fps shooting and a fast Dual Pixel contrast autofocus system that tracks moving subjects for video. The fact that it jumped into the mirrorless game late is starting to show, though.

It's lagging behind competitors, especially considering the $980 price (body only). For the same sum, you can get a Sony A6300 mirrorless camera with a similar sensor that shoots 4K instead of 1080p and has better low-light capability and superior (11 fps) burst shooting.

Canon's bread and butter is still DSLRs, but as mirrorless cameras improve, folks are going to switch. Personally, I don't want to lug around my Canon DSLR anymore when a Fujifilm or Sony model is just as good and weighs half as much. In other words, 

Canon's next mirrorless model had better be at least on par with its rivals.

• Nikon:

 is doing even less than Canon in mirrorless as rumors swirl around the future of the Nikon 1 series. While still leaning on its pro DSLR market, the Japanese company is now banking on a whole new category: virtual reality. Nikon announced two new KeyMission action cameras (the 270 and 85), plus an October release date and $500 price for its impressive-looking 4K KeyMission 360 camera. Though known for its optics, Nikon has nailed the stitching software on the KeyMission 360, judging by a (very short) demo.


It is again targeting its bread-and-butter pro market by pitching the KeyMission 360 to DSLR photographers as a way to capture VR video during photo shoots. (It even has a hot-shoe mount that lets you stick it on top of a D700 or D5.) But this is a side project for Nikon right now;

like Canon, it really needs to make headway in the mirrorless market.

 

•  Olympus:

is held back by its smallish Micro Four Thirds sensor, compared with Sony's, Canon's and Fujifilm's APS-C models? The new OMD-EM1 Mark II flagship will test that theory. It seemingly has everything a pro photographer would need: 18 fps shooting speed with AF and exposure tracking (up to 60 fps with AF locked), 4K video, a stellar EVF and a body that's as lovely to hold as it is to look at. The company also revealed a new 25mm f/1.2 25mm lens, allowing the bokeh and light sensitivity that pros expect. Judging by several conversations with colleagues at the show, however, many won't even consider it with that sensor. We don't know the price yet, but if the OMD-EM1 II is the same as the first model ($1,500), buyers will be more tempted by, say, Sony's $1,600 (body only) Alpha A7 II, which has a full-frame sensor -- twice as large as that on the Olympus model.