The following has been aired on several camera websites, and makes for some interesting reading regarding the future of the ILC market.
https://www.dpreview.com/news/411568...ust-5-6m-units
Personally I can't see the demise of cameras capable of taking long telephoto shots, and for professional photographers who will need to be able to publish high-definition images that only a large sensor can produce. That said, I can see that the popular market has definitely eroded as the tech in smart phones improves and I suspect more people are printing less and instead putting their images on social media, on-line image banks or viewing them on media devices such as pads. Let me be clear: I am not saying there is no market for printing, but I suspect the comments from Canon suggest they see the ILC market becoming more niche - in some ways like the photo film market has done.
What I am surprised at is that conventional camera makers are not using the software tools now becoming common for cell phones that can do amazing things to an image very easily. Imagine if one could link to your camera from your phone, bring the image into an app and then vastly improve low light performance, as Google has been doing of late. Either way we look at it, there are apparently sweeping changes on the horizon in the ILC market if one is to believe the Canon interview.