Leica M-E Typ 240 vs Nikon 1 V2

The Leica M-E (Typ 240) and the Nikon 1 V2 are two digital cameras that were revealed to the public, respectively, in June 2019 and October 2012. The M-E Typ 240 is a rangefinder-focusing mirrorless, while the V2 is a mirrorless interchangeable lens camera. The cameras are based on a full frame (M-E Typ 240) and an one-inch (V2) sensor. The Leica has a resolution of 23.7 megapixels, whereas the Nikon provides 14.2 MP.

Below is an overview of the main specs of the two cameras as a starting point for the comparison.

Headline Specifications

Leica M-E Typ 240		Nikon 1 V2
Rangefinder camera		Mirrorless system camera
Leica M mount lenses		Nikon 1 mount lenses
23.7 MP – Full Frame sensor		14.2 MP – 1" sensor
1080/25p Video		1080/60p Video
ISO 200-6,400		ISO 160-12,800
Optical viewfinder		Electronic viewfinder (1440k dots)
3.0" LCD – 920k dots		3.0" LCD – 921k dots
Fixed screen (not touch-sensitive)		Fixed screen (not touch-sensitive)
3 shutter flaps per second		15 shutter flaps per second
Weathersealed body		not weather sealed
500 shots per battery charge		310 shots per battery charge
139 x 80 x 42 mm, 680 g		109 x 82 x 46 mm, 278 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Leica M-E (Typ 240) and the Nikon 1 V2? Which one should you buy? Read on to find out how these two cameras compare with respect to their body size, their imaging sensors, their shooting features, their input-output connections, and their reception by expert reviewers.

Body comparison

An illustration of the physical size and weight of the Leica M-E Typ 240 and the Nikon 1 V2 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three consecutive views from the front, the top, and the rear side are shown. All width, height and depth measures are rounded to the nearest millimeter.

The V2 can be obtained in two different colors (black, white), while the M-E Typ 240 is only available in silver.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Nikon 1 V2 is notably smaller (20 percent) than the Leica M-E Typ 240. Moreover, the V2 is substantially lighter (59 percent) than the M-E Typ 240. It is worth mentioning in this context that the M-E Typ 240 is splash and dust resistant, while the V2 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete since they do not consider the interchangeable lenses that both of these cameras require. Hence, you might want to study and compare the specifications of available lenses in order to get the full picture of the size and weight of the two camera systems.

The following table provides a synthesis of the main physical specifications of the two cameras and other similar ones. In case you want to display and compare another camera duo, you can use the CAM-parator app to select your camera combination among a large number of options.

Body Specifications

		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price	Street Price
1.		Leica M-E Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Jun 2019	US$ 3 999	ebay.com
2.		Nikon 1 V2	109 mm	82 mm	46 mm	278 g	310	n	Oct 2012	US$ 799	ebay.com
3.		Fujifilm X-M1	117 mm	67 mm	39 mm	330 g	350	n	Jun 2013	US$ 699	ebay.com
4.		Leica M Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Sep 2012	US$ 6 949	ebay.com
5.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	US$ 5 195	ebay.com
6.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	US$ 6 599	ebay.com
7.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	US$ 7 999	ebay.com
8.		Leica M10-R	139 mm	80 mm	39 mm	660 g	210	Y	Jul 2020	US$ 8 299	ebay.com
9.		Leica M11	139 mm	80 mm	39 mm	640 g	700	Y	Jan 2022	US$ 8 999	amazon.com
10.		Leica Q Typ 116	130 mm	80 mm	93 mm	640 g	300	n	Jun 2015	US$ 4 249	ebay.com
11.		Leica Q2	130 mm	80 mm	92 mm	718 g	370	Y	Mar 2019	US$ 4 999	amazon.com
12.		Nikon 1 J4	100 mm	60 mm	29 mm	232 g	300	n	Apr 2014	US$ 549	ebay.com
13.		Nikon 1 V1	113 mm	76 mm	44 mm	383 g	350	n	Sep 2011	US$ 799	ebay.com
14.		Nikon 1 V3	111 mm	65 mm	33 mm	381 g	310	n	Mar 2014	US$ 799	ebay.com
15.		Panasonic GX1	116 mm	68 mm	39 mm	318 g	320	n	Nov 2011	US$ 699	ebay.com
16.		Sony A7 III	127 mm	96 mm	74 mm	650 g	610	Y	Feb 2018	US$ 1 999	amazon.com
17.		Sony A9 II	129 mm	96 mm	76 mm	678 g	690	Y	Oct 2019	US$ 4 499	amazon.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
Convert to Imperial

The price is, of course, an important factor in any camera decision. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The V2 was launched at a markedly lower price (by 80 percent) than the M-E Typ 240, which puts it into a different market segment. Normally, street prices remain initially close to the MSRP, but after a couple of months, the first discounts appear. Later in the product cycle and, in particular, when the replacement model is about to appear, further discounting and stock clearance sales often push the camera price considerably down.

Sensor comparison

The size of the imaging sensor is a crucial determinant of image quality. A large sensor will generally have larger individual pixels that offer better low-light sensitivity, provide wider dynamic range, and have richer color-depth than smaller pixels in a sensor of the same technological generation. Moreover, a large sensor camera will give the photographer more control over depth-of-field in the image and, thus, the ability to better isolate a subject from the background. On the downside, larger sensors are more costly to manufacture and tend to lead to bigger and heavier cameras and lenses.

Of the two cameras under consideration, the Leica M-E Typ 240 features a full frame sensor and the Nikon 1 V2 an one-inch sensor. The sensor area in the V2 is 86 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.0 and 2.7. Both cameras have a native aspect ratio (sensor width to sensor height) of 3:2.

With 23.7MP, the M-E Typ 240 offers a higher resolution than the V2 (14.2MP), but the M-E Typ 240 nevertheless has larger individual pixels (pixel pitch of 6.01μm versus 2.86μm for the V2) due to its larger sensor. Moreover, the M-E Typ 240 is a much more recent model (by 6 years and 8 months) than the V2, and its sensor will have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixels.

The resolution advantage of the Leica M-E Typ 240 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the M-E Typ 240 for good quality output (200 dots per inch) amounts to 29.8 x 19.9 inches or 75.6 x 50.5 cm, for very good quality (250 dpi) 23.8 x 15.9 inches or 60.5 x 40.4 cm, and for excellent quality (300 dpi) 19.8 x 13.3 inches or 50.4 x 33.7 cm. The corresponding values for the Nikon 1 V2 are 23 x 15.4 inches or 58.5 x 39 cm for good quality, 18.4 x 12.3 inches or 46.8 x 31.2 cm for very good quality, and 15.4 x 10.2 inches or 39 x 26 cm for excellent quality prints.

The V2 has on-sensor phase detect pixels, which results in fast and reliable autofocus acquisition even during live view operation.

The Leica M-E (Typ 240) has a native sensitivity range from ISO 200 to ISO 6400, which can be extended to ISO 100-6400. The corresponding ISO settings for the Nikon 1 V2 are ISO 160 to ISO 12800 (no boost).

Technology-wise, both cameras are equipped with CMOS (Complementary Metal–Oxide–Semiconductor) sensors. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

For many cameras, data on sensor performance has been reported by DXO Mark. This service is based on lab testing and assigns an overall score to each camera sensor, as well as ratings for dynamic range ("DXO Landscape"), color depth ("DXO Portrait"), and low-light sensitivity ("DXO Sports"). The table below summarizes the physical sensor characteristics and sensor quality findings and compares them across a set of similar cameras.

Sensor Characteristics

		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Leica M-E Typ 240	Full Frame	23.7	5952	3976	1080/25p	25.2	14.2	2821	94
2.		Nikon 1 V2	1-inch	14.2	4608	3072	1080/60p	20.2	10.8	403	50
3.		Fujifilm X-M1	APS-C	16.0	4896	3264	1080/30p	23.4	12.6	1371	76
4.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
5.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
6.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
7.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
8.		Leica M10-R	Full Frame	40.9	7864	5200	none	25.3	14.3	2924	95
9.		Leica M11	Full Frame	60.3	9528	6328	none	26.3	14.8	3376	100
10.		Leica Q Typ 116	Full Frame	24.0	6000	4000	1080/60p	24.3	12.7	2221	85
11.		Leica Q2	Full Frame	46.7	8368	5584	4K/30p	26.4	13.5	2491	96
12.		Nikon 1 J4	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	426	53
13.		Nikon 1 V1	1-inch	10.0	3872	2592	1080/60i	21.3	11.0	346	54
14.		Nikon 1 V3	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	384	52
15.		Panasonic GX1	Four Thirds	15.8	4592	3448	1080/60p	20.8	10.6	703	55
16.		Sony A7 III	Full Frame	24.0	6000	4000	4K/30p	25.0	14.7	3730	96
17.		Sony A9 II	Full Frame	24.0	6000	4000	4K/30p	25.0	14.0	3434	93
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras are not only capable of taking still images, but also of capturing video footage. Both cameras under consideration are equipped with sensors that have a sufficiently high read-out speed for moving images, but the V2 provides a faster frame rate than the M-E Typ 240. It can shoot movie footage at 1080/60p, while the Leica is limited to 1080/25p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. For example, the V2 has an electronic viewfinder (1440k dots), while the M-E Typ 240 has an optical one. Both systems have their advantages, with the electronic viewfinder making it possible to project supplementary shooting information into the framing view, whereas the optical viewfinder offers lag-free viewing and a very clear framing image. The table below summarizes some of the other core capabilities of the Leica M-E Typ 240 and Nikon 1 V2 in connection with corresponding information for a sample of similar cameras.

Core Features

		Camera Model	Viewfinder (Type or 000 dots)	Control Panel (yes/no)	LCD Specifications (inch/000 dots)	LCD Attach- ment	Touch Screen (yes/no)	Max Shutter Speed *	Max Shutter Flaps *	Built-in Flash (yes/no)	Built-in Image Stab
1.		Leica M-E Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
2.		Nikon 1 V2	1440	n	3.0 / 921	fixed	n	1/4000s	15.0/s	Y	n
3.		Fujifilm X-M1	none	n	3.0 / 920	tilting	n	1/4000s	5.6/s	Y	n
4.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
5.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
6.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
7.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
8.		Leica M10-R	optical	n	3.0 / 1037	fixed	Y	1/4000s	4.5/s	n	n
9.		Leica M11	optical	n	3.0 / 2333	fixed	Y	1/4000s	4.5/s	n	n
10.		Leica Q Typ 116	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
11.		Leica Q2	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
12.		Nikon 1 J4	none	n	3.0 / 1037	Fixed	Y	1/4000s	60.0/s	Y	n
13.		Nikon 1 V1	1440	n	3.0 / 921	fixed	n	1/4000s	10.0/s	n	n
14.		Nikon 1 V3	optional	n	3.0 / 1037	tilting	Y	1/4000s	60.0/s	Y	n
15.		Panasonic GX1	optional	n	3.0 / 460	fixed	Y	1/4000s	4.2/s	Y	n
16.		Sony A7 III	2359	n	3.0 / 922	tilting	Y	1/8000s	10.0/s	n	Y
17.		Sony A9 II	3686	n	3.0 / 1440	tilting	Y	1/8000s	20.0/s	n	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One difference between the cameras concerns the presence of an on-board flash. The V2 has one, while the M-E Typ 240 does not. While the built-in flash of the V2 is not very powerful, it can at times be useful as a fill-in light.

The reported shutter speed information refers to the use of the mechanical shutter. Yet, some cameras only have an electronic shutter, while others have an electronic shutter in addition to a mechanical one. In fact, the V2 is one of those camera that have an additional electronic shutter, which makes completely silent shooting possible. However, this mode is less suitable for photographing moving objects (risk of rolling shutter) or shooting under artificial light sources (risk of flickering).

The Nikon 1 V2 has an intervalometer built-in. This enables the photographer to capture time lapse sequences, such as flower blooming, a sunset or moon rise, without purchasing an external camera trigger and related software.

Concerning the storage of imaging data, both the M-E Typ 240 and the V2 write their files to SDXC cards. Both cameras can use UHS-I cards, which provide for Ultra High Speed data transfer of up to 104 MB/s.

Connectivity comparison

For some imaging applications, the extent to which a camera can communicate with its environment can be an important aspect in the camera decision process. The table below provides an overview of the connectivity of the Leica M-E (Typ 240) and Nikon 1 V2 and, in particular, the interfaces the cameras (and selected comparators) provide for accessory control and data transfer.

Input-Output Connections

		Camera Model	Hotshoe Port	Internal Mic / Speaker	Microphone Port	Headphone Port	HDMI Port	USB Port	WiFi Support	NFC Support	Bluetooth Support
1.		Leica M-E Typ 240	Y	mono / -	-	-	-	2.0	-	-	-
2.		Nikon 1 V2	-	stereo / mono	-	-	mini	2.0	-	-	-
3.		Fujifilm X-M1	Y	stereo / mono	-	-	mini	2.0	Y	-	-
4.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
5.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
6.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
7.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
8.		Leica M10-R	Y	- / -	-	-	-	-	Y	-	-
9.		Leica M11	Y	- / -	-	-	-	3.2	Y	-	Y
10.		Leica Q Typ 116	Y	stereo / mono	-	-	micro	2.0	Y	Y	-
11.		Leica Q2	Y	stereo / mono	-	-	-	-	Y	-	Y
12.		Nikon 1 J4	-	stereo / mono	-	-	mini	2.0	Y	-	-
13.		Nikon 1 V1	-	stereo / mono	-	-	mini	2.0	-	-	-
14.		Nikon 1 V3	-	stereo / mono	Y	-	mini	2.0	Y	-	-
15.		Panasonic GX1	Y	stereo / mono	-	-	mini	2.0	-	-	-
16.		Sony A7 III	Y	stereo / mono	Y	Y	micro	3.1	Y	Y	Y
17.		Sony A9 II	Y	stereo / mono	Y	Y	micro	3.1	Y	Y	Y

It is notable that the M-E Typ 240 has a hotshoe, while the V2 does not. This socket makes it possible to easily attach optional accessories, such as an external flash gun.

Both the M-E Typ 240 and the V2 have been discontinued, but can regularly be found used on ebay. The V2 was replaced by the Nikon 1 V3, while the M-E Typ 240 does not have a direct successor. Further information on the two cameras (e.g. user guides, manuals), as well as related accessories, can be found on the official Leica and Nikon websites.

Review summary

So how do things add up? Is the Leica M-E Typ 240 better than the Nikon 1 V2 or vice versa? The listing below highlights the relative strengths of the two models.

Advantages of the Leica M-E (Typ 240):

• More detail: Offers more megapixels (23.7 vs 14.2MP) with a 29% higher linear resolution.
• Better image quality: Features a larger and more technologically advanced imaging sensor.
• Richer colors: The sensor size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger sensor captures a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger sensor produces good images even in poorly lit environments.
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Longer lasting: Can take more shots (500 versus 310) on a single battery charge.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• Better lighting: Features a hotshoe and can thus hold and trigger an external flash gun.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Reflects 6 years and 8 months of technical progress since the V2 launch.

Reasons to prefer the Nikon 1 V2:

• Better video: Provides higher movie framerates (1080/60p versus 1080/25p).
• Better live-view autofocus: Features on-sensor phase-detection for more confident autofocus.
• More framing info: Has an electronic viewfinder that displays shooting data.
• Faster burst: Shoots at higher frequency (15 vs 3 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Easier time-lapse photography: Has an intervalometer built-in for low frequency shooting.
• More compact: Is smaller (109x82mm vs 139x80mm) and will fit more readily into a bag.
• Less heavy: Has a lower weight (by 402g or 59 percent) and is thus easier to take along.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• More affordable: Was introduced into a lower priced category (80 percent cheaper at launch).
• More heavily discounted: Has been around for much longer (launched in October 2012).

If the number of relative strengths (bullet points above) is taken as a guide, the match-up finishes in a tie (11 points each). However, the pertinence of the various camera strengths will differ across photographers, so that you might want to weigh individual camera traits according to their importance for your own imaging needs before making a camera decision. A professional wildlife photographer will view the differences between cameras in a way that diverges from the perspective of a family photog, and a person interested in architecture has distinct needs from a sports shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

In any case, while the specs-based evaluation of cameras can be instructive in revealing their potential as photographic tools, it remains partial and cannot reveal, for example, the shooting experience and imaging performance when actually working with the M-E Typ 240 or the V2. At times, user reviews, such as those published at amazon, address these issues in a useful manner, but such feedback is on many occasions incomplete, inconsistent, and unreliable.

Expert reviews

This is why expert reviews are important. The table below provides a synthesis of the camera assessments of some of the best known photo-gear review sites (amateurphotographer [AP], cameralabs [CL], digitalcameraworld [DCW], dpreview [DPR], ephotozine [EPZ], photographyblog [PB]). As can be seen, the professional reviewers agree in many cases on the quality of different cameras, but sometimes their assessments diverge, reinforcing the earlier point that a camera decision is often a very personal choice.

Expert Camera Reviews

		Camera   Model	AP   score	CL   score	DCW   score	DPR   score	EPZ   score	PB   score	Camera Launch	Launch Price	Street Price
1.		Leica M-E Typ 240	..	..	..	..	..	..	Jun 2019	US$ 3 999	ebay.com
2.		Nikon 1 V2	3/5	..	..	..	4.5/5	4/5	Oct 2012	US$ 799	ebay.com
3.		Fujifilm X-M1	3/5	+	..	77/100	4.5/5	4.5/5	Jun 2013	US$ 699	ebay.com
4.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	US$ 6 949	ebay.com
5.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	US$ 5 195	ebay.com
6.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	US$ 6 599	ebay.com
7.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	US$ 7 999	ebay.com
8.		Leica M10-R	4.5/5	..	4/5	..	..	4/5	Jul 2020	US$ 8 299	ebay.com
9.		Leica M11	4.5/5	..	4.5/5	..	4.5/5	4.5/5	Jan 2022	US$ 8 999	amazon.com
10.		Leica Q Typ 116	5/5	..	..	80/100	4.5/5	4.5/5	Jun 2015	US$ 4 249	ebay.com
11.		Leica Q2	..	..	4.5/5	84/100	4.5/5	4/5	Mar 2019	US$ 4 999	amazon.com
12.		Nikon 1 J4	3/5	..	..	..	4.5/5	4/5	Apr 2014	US$ 549	ebay.com
13.		Nikon 1 V1	..	+	..	69/100	4.5/5	4/5	Sep 2011	US$ 799	ebay.com
14.		Nikon 1 V3	3/5	..	..	76/100	4.5/5	4/5	Mar 2014	US$ 799	ebay.com
15.		Panasonic GX1	3/5	+	..	77/100	4.5/5	4.5/5	Nov 2011	US$ 699	ebay.com
16.		Sony A7 III	..	+ +	4.5/5	89/100	5/5	5/5	Feb 2018	US$ 1 999	amazon.com
17.		Sony A9 II	..	..	5/5	90/100	5/5	5/5	Oct 2019	US$ 4 499	amazon.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The assessments were made in relation to similar cameras of the same technological generation. Hence, a score should always be seen in the context of the camera's market launch date and its price, and comparisons of ratings among very different cameras or across long time periods have little meaning. It should also be noted that some of the review sites have over time altered the way they render their verdicts.

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Other camera comparisons

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