TOKYO -- Quite a few photography buffs will tell you: The lens makes the camera. And for storied single-lens reflex camera manufacturers like Canon, lenses might be the secret to surviving the era of smartphone ubiquity, too.
The market for digital cameras peaked in 2010 and has been shrinking ever since. As smartphone cameras improve, fewer and fewer consumers see a need to lug around an SLR, or even a compact point-and-shoot. Shipments of single-lens cameras fell 11.1% on the year in 2016, by volume.