Canon's Imaging Business in 2024: Dual Victory of Innovation and Market Strategy
On January 30, 2025, Canon Group released its 2024 financial report. Despite the complex and ever-changing global economic environment, Canon's imaging business has achieved significant growth.
After the inventory adjustment at the beginning of the year, the interchangeable lens digital camera market experienced a significant recovery in the second half of 2024. Canon's flagship EOS R1 and EOS R5 Mark II have been widely popular, consolidating its position in the high-end market; At the same time, the sales performance of entry-level APS-C mirrorless EOS R50 and EOS R100 remains strong, providing support for stable business growth. In the field of network cameras, progress has been made in adjusting market inventory, and sales have gradually improved since the second quarter, ultimately driving an overall growth of 8.8% in the imaging business and achieving an annual revenue of 937.4 billion yen. On the one hand, this reflects the completion of the adjustment in the imaging market, and on the other hand, it seems to indicate that the industry is entering a new round of competition.
Canon has unleashed great explosive power in the interchangeable lens digital camera business in 2024. The highly anticipated EOS R1 and EOS R5 Mark II quickly became the most talked about new products in the market with their outstanding performance and innovative technology. Especially the latter has driven a wave of high-end users to replace their phones, and the continuous rush to buy has led to a shortage of supply to this day.
With the continuous development of AI technology, the future network camera market may further evolve towards intelligence. For example, the addition of AI facial recognition, automatic tracking, intelligent analysis and other functions will enable network cameras to play a greater role in enterprise security, home intelligent monitoring and other scenarios. In addition, the development of cloud computing has brought new opportunities to this market, and more enterprises are trying to combine network cam
