Firmware Updates and the Mid-Range Void: Where L-Mount Stands in 2025

The latest Petapixel podcast featured an in-depth discussion on the state of full-frame mirrorless systems, and the L-Mount Alliance was not left out. Despite the welcome firmware support, both Jordan and Chris criticized Panasonic’s strategy of abandoning the traditional $2,000 mid-range segment. Jordan asked, “Where is Panasonic’s mid-tier full-frame camera?” noting that everything now is either high-end or stripped-down.

Chris added that while the S5 II is still their go-to recommendation for video shooters on a budget, there’s a real need for a new, modern camera between the S5 II and the high-end S1 II line.

While the L-Mount Alliance continues to offer excellent optics and solid pro bodies, the glaring hole remains the lack of fresh, affordable mid-range cameras. With Canon and Nikon pushing aggressively into that space, Panasonic and Sigma may need to rethink their strategies—or risk being left behind.