In 10 years some of us Clubsnap members may be dead. That is normal.
Panasonic cameras is strong in professional video cameras and will be continuing that.
Sony modus operandi is create a market niche. Cream off massive profits at the top of the trend.
Then Sony will exit the business when the trend fades. Proven track record of Sony doing this - Walkman tape cassette recorders/players, Minidisc recorders/players, Expensive high end CD players, Expensive high end High Fidelity amplifiers, Memory Stick, DAT, co-inventor of CD, 3.5 inch floppy.
Sony hit jackpot making sensors and makes so much money from sensors that it may or may not wish to continue making cameras.
Clubsnap will continue to exist. Many members may be using mobile phones to take photos.
In future number of camera units sold may plateau to a steady state
or even reverse trend and increase. Why?
Because in the past sensors were very expensive. Early digital cameras were ridiculously expensive and miserably weak in technical ability.
Of course the public refrained from buying a piece of very expensive JUNK that would be obsolete a few years after purchase.
Consumers pulled the hand brake and said STOP buying. Wait.
Please don't put all the blame for the drop in cameras sales on smart mobile phones.
When Film Cameras faded into obscurity in late 1990's, of course consumers mostly stopped buying film cameras.
Credit: Statista
Credit: Reddit
The manufacturers experimented with early models of digital cameras for consumer market.
Unfortunately many of their risky decisions did not pay off. The early digital cameras offered were expensive and incapable.
After the initial rush by consumers to try out this novelty from 1999 to 2010, digital camera sales plummeted.
Not because of mobile phones. The real reason for crash in sales is that early digital cameras were AWFUL and overpriced.
You know the manufacturers went through a tough period of experimentation with various formats of sensors.
Now in 2020 the market has consolidated and non-viable formats like FT and MFT have fallen.
When manufacturers fool around with various digital camera sensor formats, they are telling the consumers that
[we do not yet know what we are doing - but in the mean time, we are making some interim cameras (until we get it right) and we hope you will buy a lot of them]. This silly idea failed by 2020.
By 2020 there seems a confluence of vast improvements in:
memory card capacity and speed
Increase in size of sensors and drop in price
LCD screen improvements
Autofocus technology
Anti-shake technology
Computer hardware and software to allow hobbyists to effectively handle digital images at home
Battery technology (want to see something ridiculous from the past? The 1.5 MP (that is not 15MP, it is not a typo, it really is 1½ megapixel) Kodak DCS 420 which cost
US$12,000 at the time of launch in 1994. See how big the nickel hydride battery was. {credit : Wikiwand})
In future, many cameras have Full Frame sensors at reasonable price.
Why will people begin to buy digital cameras again?
Because after initial purchase,
the USAGE costs of modern 2020 digital cameras is very low or almost free.
Presuming you already have many of the required memory cards.
Compare that to the many thousands of $$$ we had wasted on buying hundreds/thousands of rolls of Film, getting them developed and printed at the photo labs, making enlargements, getting slides developed and mounted. Film developing & printing lab owners were driving BMWs, buying houses and laughing all the way to the bank. Not now.