Nikon's Investor Relations presentation on June 3 went into a good bit of detail about the camera market and what they are doing. It's worth a read. There is a presentation with notes for the Imaging Unit and it goes into a lot of detail. You can map the DSLR forecast, Z30 positioning, and future cameras and lenses with this document.
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They are focused on the professional and enthusiast market (Canon is doing something similar, but has a much larger entry level DSLR segment to consider - and it may be a problem). Between 2021 and 2025 Nikon expects that market to grow from 2.7 million camera units per year to 3.0 million. The entry level market over the same period will continue to decline by approximately 50% from 2.6 million to 1.3 million.
Nikon expects their share of the pro/enthusiast market to grow from 490,000 to 700,000 from 2021 to 2025. Entry level models will be effectively discontinued. Total cameras sold will remain flat. Average selling price will increase by 20% - largely through eliminating entry level cameras and replacing them with enthusiast and professional cameras. They expect to move from 1.8 to 2.0 lenses per camera sold. They will increase the number of lenses from 29 to 50 by FY2025. (Keep in mind these forecasts are for March 31, 2025 - less than three years from now.)
DSLR cameras and F-mount lenses are expected to decline from 35% of revenue or 60 billion yen to about 7% of revenue or 14 billion yen. Mirrorless cameras and lenses are expected to grow from 55% of revenue or 95 billion yen to 80% of revenue or 160 billion yen. That means they are still going to be selling DSLR cameras and lenses over the next three years, but it is declining and R&D will focus on mirrorless. (It's worth noting the last SLR flagship was the F6, and the last flagship DSLR is the D6.) Nikon has increased Imaging R&D for imaging by 10% in the most recent year end forecast.
Video is an increasingly important segment for Nikon and other companies. The Z9 and Z30 both target major improvements in video. They specifically note the strategy of partnering with accessory makers to deliver accessories for video. They also reference the high end capabilities using MILC video and tools like NXField and NX MobileAir. Video creators have grown by 500% over the past six years so it is a segment of increasing importance. A number of professionals I know consider video more important than stills for conservation and sports photographers.
Given the lead times for cameras and lenses, you can bet the camera lineup is already scheduled through March 2025. The specific features are still to be developed, but there is a lot of reference to 3D technologies for industrial use, and that should be incorporated in photography cameras. It's not just about simple things like face and eye detection. The industrial technologies for 3D, 4D, Virtual Reality, and Mixed Reality are already being used in Nikon's own facilities. The advanced cameras are central to that strategy.