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In a recent presentation at its investors relations day in Tokyo, Sony was not shy about its ambitions in the photography market. According to the presentation, Sony intends to occupy the top slot in the overall camera market by the end of 2020 by boosting its interchangeable lens systems to beat back Canon and Nikon.
Already doing quite a good job of grabbing market share, the company has told investors that it plans to expand its lens business and push towards the professional market while ‘strengthening products’ in the interchangeable lens camera segment.
Despite predicting only very modest growth in 2018 and acknowledging that competitors are becoming more aggressive, the company told investors that it will “win in an increasingly competitive market and continue to generate high profit” in the mid-term. Citing its crop of awards from TIPA, EISA and Camera GP Japan to back up the claims, Sony stated that it intends to broaden the range of lenses it offers and to expand its professional support services worldwide.
According to figures shown at the event, Sony achieved a 20% share of the still camera market in 2017 by value, and managed to rank third behind Canon and Nikon. It says it was the number one brand in the mirrorless market, and was number one in the premium compact business.
To learn more about Sony’s plans, check out the whole Sony Imaging Products and Solutions Segment presentation here.
Articles: Digital Photography Review (dpreview.com)