Animated Chart: The Smartphone Effect on the Camera Market
Charting the Smartphone Effect on the Camera Market
The smartphone camera has come a long way since the early 2000s, and its impact on the overall camera market cannot be understated.
In fact, modern smartphones have become so sophisticated that the CEO of Sony’s semiconductor manufacturing company predicts that smartphone cameras will soon produce better quality images than DSLR cameras.
Whether smartphones will be able to completely replace standalone cameras is still a contentious debate topic, but one thing is clear—while smartphone sales have skyrocketed over the last decade, digital camera sales have plummeted.
This animation by James Eagle compares annual sales data for film cameras, digital cameras, and smartphones over the years to show just how much smartphones have impacted the camera market.
A (Brief) History of Standalone Cameras
Below, we’ve broken down the history of cameras into three overarching periods: early cameras, film cameras, and digital cameras.
Cameras have been around for thousands of years, with descriptions of camera-like devices found in historical writings dating back as far as the 4th century:
- 330 AD: Ancient Chinese texts describe a device known as a camera obscura. Similar to pinhole cameras, these didn’t produce actual photographs, but rather reflected light onto screens which could then be traced to produce a lasting image.
- Early 1800s: It’s generally accepted that Joseph Nicéphore Niépce invented the first photographic camera in 1816. Using silver chloride, Niépce managed to develop an image that’s still around today.
- 1840s: Early cameras produced negative images which had to be color corrected, until mirrored cameras were invented. Alexander S. Wolcott was the first person to patent a mirrored camera in 1840.
- 1871: Richard Leach Maddox came up with an invention that led to instantaneous exposure, meaning cameras only needed to be exposed to light for a few seconds before producing an image.
These early inventions were critical milestones in the development of the modern-day camera. However, cameras and film weren’t available to the masses until Kodak’s Brownie camera made photography relatively cheap.
The Emergence of Film Cameras
Released in 1900, the Kodak Brownie was a handheld, inexpensive roll film camera invented by George Eastman.
When it first launched, the camera sold for $1.00, equivalent to about $35.48 in 2022 dollars. With more than 100,000 cameras sold within the first year, Eastman is often credited for making photography accessible to the masses.
Fast forward a few decades, and technological advancements led to features in cameras like viewfinders, different shutter speeds, and detachable lenses. These features were possible on what’s known as twin lens reflex cameras, or TLR for short, but they were soon replaced by single lens reflex cameras (SLR).
Digital Cameras Enter the Scene
By the late 1990s, digital cameras were invented and began quickly outselling film cameras.
Unlike their film counterparts, digital cameras feature a digital sensor, and store images on a memory card which could store thousands of pictures.
Digital camera sales grew throughout the early 2000s—in 2005 the Photo Marketing Association International even estimated that 52% of households would own a digital camera by the end of the year.
The Smartphone Camera Changes the Game
In the early 2000s, camera phones were far less powerful than their standalone counterparts.
For instance, one of the first camera phones to hit the market, Samsung’s SCH-V200, could take 20 pictures at 0.35-megapixel resolution. In contrast, Canon’s EOS D30 digital camera released the same year had a resolution of 3 megapixels.
But the advent of the iPhone, and the rollout and accessibility of modern smartphones with powerful cameras, quickly saw many non-enthusiasts switch to smartphone cameras only. In 2022, Google’s Pixel 7 has multiple built-in cameras, with both a 50 megapixel wide rear camera and a 12 megapixel ultrawide rear camera. In comparison, Canon’s enthusiast EOS 850 has a 24.1 megapixel sensor.
The animated chart above highlights the direct impact on the digital camera market after its 2009/2010 peak:
|Year||Digital Camera Sales|
So does that make a modern smartphone camera better? Not at all, as there are other a multitude of factors to consider when assessing a camera’s quality besides resolution. But in an article in Wired Magazine, tech journalist Sam Kieldsen explains how the market has shifted:
[Smartphones have] effectively killed off the cheap pocket point-and-shoot camera already, but there’s still so much they can’t do in comparison to a true purpose-built mirrorless or DSLR camera. Low light image quality, convincing bokeh effects and extreme close-up macro photography are all still significantly better on a real camera.
Smartphones may not be fully replacing DSLR cameras anytime soon, but they’ve certainly changed the industry and game in which it plays.
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Ranked: America’s Largest Semiconductor Companies
This graphic visualizes the market capitalizations of America’s 15 largest semiconductor companies.
Ranking America’s Largest Semiconductor Companies
As our world moves further into an era of widespread digitization, few industries can be considered as important as semiconductors.
These components are found in almost everything we use on a daily basis, and the ability to produce them domestically has become a topic of national security. For example, in 2022 the Biden administration announced the CHIPS and Science Act, which aims to strengthen America’s position in everything from clean energy to artificial intelligence.
With this in mind, we’ve ranked the top 15 U.S. semiconductor companies by their market capitalizations.
Data and Highlights
The data we used to create this infographic is listed in the table below. Year-to-date (YTD) returns were included for additional context. Both metrics are as of May 30, 2023.
|Rank||Company||Ticker||Market Cap (USD billions)||YTD Return|
|13||Marvell Technology Group||MRVL||$54||76.2%|
At the top is Nvidia, which became America’s newest $1 trillion company on Tuesday, May 30th. Shares pulled back slightly over the day and Nvidia closed at $992 billion. Over the past decade, Nvidia has transformed from a gaming-focused graphics card producer to a global leader in AI and data center chips.
In third and sixth place are two of America’s most well known chipmakers, AMD and Intel. These longtime rivals are moving in opposite trajectories, with AMD shares climbing 770% over the past five years, and Intel shares falling 47%. One reason for this is the data center segment, in which AMD appears to be stealing market share from Intel.
Further down the list we see Applied Materials in seventh, and Lam Research in ninth. Both firms specialize in semiconductor manufacturing equipment and thus play an important role in the industry’s supply chain.
Trade War Impacts
As tensions between the U.S. and China escalate, chipmakers are becoming increasingly entangled in geopolitical conflict.
In October 2022, the Biden administration introduced new export controls aimed at blocking China’s access to semiconductors produced with U.S. equipment. This impacted several companies in our top 15 list, including Lam Research and Applied Materials.
Shortly after the export controls were announced, Lam Research said it expected to lose upwards of $2.5 billion in annual revenues.
We lost some very profitable customers in the China region, and that’s going to persist, obviously.
– Doug Bettinger, CFO, Lam Research
In response, China announced in May 2023 that it would no longer allow America’s largest memory chipmaker, Micron, to sell its products to “critical national infrastructure operators”.
This is not the first time Micron has been involved in a controversy with China. In 2018, the firm alleged that Fujian Jinhua Integrated Circuit, a Chinese state-owned company, had solicited a Micron employee to steal specifications for memory chips. The U.S. Department of Commerce imposed export restrictions on Fujian Jinhua as a result.
Chipmakers on both sides of the Pacific will be closely watching as competition between these two countries heats up.
Misc1 week ago
Comparing Population Pyramids Around the World
Wealth3 weeks ago
Ranked: The World’s Top 50 Endowment Funds
Green5 days ago
Ranked: The 20 Most Air-Polluted Cities on Earth
Markets3 weeks ago
Charting the Rise of America’s Debt Ceiling
Technology4 days ago
Ranked: America’s Largest Semiconductor Companies
China3 weeks ago
Ranked: The Cities with the Most Skyscrapers in 2023
Markets4 days ago
The Fastest Rising Asset Classes in 2023
Urbanization3 weeks ago
Ranked: The World’s Biggest Steel Producers, by Country