Leica M-E Typ 240 vs Panasonic FZ200

The Leica M-E (Typ 240) and the Panasonic Lumix DMC-FZ200 are two digital cameras that were announced, respectively, in June 2019 and July 2012. The M-E Typ 240 is a rangefinder-focusing mirrorless camera, while the FZ200 is a fixed lens compact. The cameras are based on a full frame (M-E Typ 240) and a 1/2.3-inch (FZ200) sensor. The Leica has a resolution of 23.7 megapixels, whereas the Panasonic provides 12 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		Panasonic FZ200
Rangefinder camera		Fixed lens compact camera
Leica M mount lenses		25-600mm f/2.8
23.7 MP – Full Frame sensor		12 MP – 1/2.3" sensor
1080/25p Video		1080/60p Video
ISO 200-6,400		ISO 100-3,200 (100 - 6,400)
Optical viewfinder		Electronic viewfinder (1312k dots)
3.0" LCD – 920k dots		3.0" LCD – 460k dots
Fixed screen (not touch-sensitive)		Swivel screen (not touch-sensitive)
3 shutter flaps per second		12 shutter flaps per second
Weathersealed body		not weather sealed
500 shots per battery charge		540 shots per battery charge
139 x 80 x 42 mm, 680 g		125 x 87 x 110 mm, 588 g

Check M-E Typ 240 offers at
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Check FZ200 offers at
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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 Panasonic Lumix DMC-FZ200? 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

The side-by-side display below illustrates the physical size and weight of the Leica M-E Typ 240 and the Panasonic FZ200. The two cameras are presented according to their relative size. Three successive views from the front, the top, and the rear are shown. All width, height and depth dimensions are rounded to the nearest millimeter.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic FZ200 is somewhat smaller (2 percent) than the Leica M-E Typ 240. It is worth mentioning in this context that the M-E Typ 240 is splash and dust resistant, while the FZ200 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ200 has a lens built in, whereas the M-E Typ 240 is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup. You can compare the optics available for the M-E Typ 240 and their specifications in the Leica M Lens Catalog.

Concerning battery life, the M-E Typ 240 gets 500 shots out of its Leica BP-SCL2 battery, while the FZ200 can take 540 images on a single charge of its Panasonic DMW-BLC12 power pack.

The table below summarizes the key physical specs of the two cameras alongside a broader set of comparators. If you would like to visualize and compare a different camera combination, you can navigate to the CAM-parator app and make your selection from a broad list of cameras there.

Body Specifications

#		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M-E Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Jun 2019	3,999	ebay.com
2.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
3.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	549	ebay.com
4.		Fujifilm GFX 50R	161 mm	97 mm	66 mm	775 g	400	Y	Sep 2018	4,499	ebay.com
5.		Leica M10-R	139 mm	80 mm	39 mm	660 g	210	Y	Jul 2020	8,295	ebay.com
6.		Leica Q2	130 mm	80 mm	92 mm	718 g	370	Y	Mar 2019	4,995	amazon.com
7.		Leica V-LUX 5	136 mm	97 mm	131 mm	812 g	350	n	Jul 2019	1,249	amazon.com
8.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	7,995	ebay.com
9.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
10.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	5,195	ebay.com
11.		Leica Q Typ 116	130 mm	80 mm	93 mm	640 g	300	n	Jun 2015	4,249	ebay.com
12.		Leica M Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Sep 2012	6,950	ebay.com
13.		Panasonic FZ330	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	599	amazon.com
14.		Panasonic LX7	111 mm	68 mm	46 mm	298 g	330	n	Jul 2012	499	ebay.com
15.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
16.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
17.		Sony A9 II	129 mm	96 mm	76 mm	678 g	690	Y	Oct 2019	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

Any camera decision will obviously take relative prices into account. The retail prices at the time of the camera’s release place the model in the market relative to other models in the producer’s line-up and the competition. The FZ200 was launched at a lower price than the M-E Typ 240, despite having a lens built in. Usually, retail prices stay at first close to the launch price, but after several months, discounts become available. 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 imaging sensor is at the core of digital cameras and its size is one of the main determining factors of image quality. All other things equal, a large sensor will have larger individual pixel-units that offer better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixels in a sensor of the same technological generation. Further, a large sensor camera will give the photographer additional creative options when using shallow depth-of-field to isolate a subject from its background. On the downside, larger sensors tend to be associated with larger, more expensive camera bodies and lenses.

Of the two cameras under consideration, the Leica M-E Typ 240 features a full frame sensor and the Panasonic FZ200 a 1/2.3-inch sensor. The sensor area in the FZ200 is 97 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.0 and 5.6. The sensor in the M-E Typ 240 has a native 3:2 aspect ratio, while the one in the FZ200 offers a 4:3 aspect.

With 23.7MP, the M-E Typ 240 offers a higher resolution than the FZ200 (12MP), but the M-E Typ 240 nevertheless has larger individual pixels (pixel pitch of 6.01μm versus 1.53μm for the FZ200) due to its larger sensor. Moreover, the M-E Typ 240 is a much more recent model (by 6 years and 11 months) than the FZ200, and its sensor will have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that the FZ200 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

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 Panasonic FZ200 are 20 x 15 inches or 50.8 x 38.1 cm for good quality, 16 x 12 inches or 40.6 x 30.5 cm for very good quality, and 13.3 x 10 inches or 33.9 x 25.4 cm for excellent quality prints.

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 Panasonic Lumix DMC-FZ200 are ISO 100 to ISO 3200, with the possibility to increase the ISO range to 100-6400.

In terms of underlying technology, the M-E Typ 240 is build around a CMOS sensor, while the FZ200 uses a BSI-CMOS imager. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

Since 2007, DXO Mark has published sensor performance measurements that have been derived using a consistent methodology. This service determines an overall sensor rating, as well as sub-scores for low-light sensitivity ("DXO Sports"), dynamic range ("DXO Landscape"), and color depth ("DXO Portrait"). The adjacent table reports on the physical sensor characteristics and the outcomes of the DXO sensor quality tests for a sample of comparator-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.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
3.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
4.		Fujifilm GFX 50R	Medium Format	51.1	8256	6192	1080/30p	25.7	14.4	3169	98
5.		Leica M10-R	Full Frame	40.9	7864	5200	none	25.3	14.3	2924	95
6.		Leica Q2	Full Frame	46.7	8368	5584	4K/30p	26.4	13.5	2491	96
7.		Leica V-LUX 5	1-inch	20.0	5472	3648	4K/30p	22.2	12.4	584	65
8.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
9.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
10.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
11.		Leica Q Typ 116	Full Frame	24.0	6000	4000	1080/60p	24.3	12.7	2221	85
12.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
13.		Panasonic FZ330	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
14.		Panasonic LX7	1/1.7	10.0	3648	2736	1080/60p	20.7	11.7	147	50
15.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
16.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
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 can also record movies. Both cameras under consideration have a sensor with sufficiently fast read-out times for moving pictures, but the FZ200 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 FZ200 has an electronic viewfinder (1312k 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 viewfinders of both cameras offer the same field of view (100%), but the viewfinder of the M-E Typ 240 has a higher magnification than the one of the FZ200 (0.68x vs 0.46x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The following table reports on some other key feature differences and similarities of the Leica M-E Typ 240, the Panasonic FZ200, and comparable 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.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
3.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
4.		Fujifilm GFX 50R	3690	n	3.2 / 2360	tilting	Y	1/4000s	3.0/s	n	n
5.		Leica M10-R	optical	n	3.0 / 1037	fixed	Y	1/4000s	4.5/s	n	n
6.		Leica Q2	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
7.		Leica V-LUX 5	2360	n	3.0 / 1240	swivel	Y	1/4000s	12.0/s	Y	Y
8.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
9.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
10.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
11.		Leica Q Typ 116	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
12.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
13.		Panasonic FZ330	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
14.		Panasonic LX7	optional	n	3.0 / 920	fixed	n	1/4000s	11.0/s	Y	Y
15.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
16.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	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 FZ200 has one, while the M-E Typ 240 does not. While the built-in flash of the FZ200 is not very powerful, it can at times be useful as a fill-in light.

Concerning the storage of imaging data, both the M-E Typ 240 and the FZ200 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 Panasonic Lumix DMC-FZ200 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.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
3.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
4.		Fujifilm GFX 50R	Y	stereo / mono	Y	Y	micro	3.0	Y	-	Y
5.		Leica M10-R	Y	- / -	-	-	-	-	Y	-	-
6.		Leica Q2	Y	stereo / mono	-	-	-	-	Y	-	Y
7.		Leica V-LUX 5	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
8.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
9.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
10.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
11.		Leica Q Typ 116	Y	stereo / mono	-	-	micro	2.0	Y	Y	-
12.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
13.		Panasonic FZ330	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
14.		Panasonic LX7	Y	stereo / mono	-	-	mini	2.0	-	-	-
15.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
16.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Sony A9 II	Y	stereo / mono	Y	Y	micro	3.1	Y	Y	Y

It is notable that the FZ200 has a microphone port, which can help to improve the quality of audio recordings by attaching an external microphone. The M-E Typ 240 does not feature such a mic input.

Both the M-E Typ 240 and the FZ200 have been discontinued, but can regularly be found used on ebay. The FZ200 was replaced by the Panasonic FZ300, 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 Panasonic websites.

Review summary

So how do things add up? Is the Leica M-E Typ 240 better than the Panasonic FZ200 or vice versa? The listing below highlights the relative strengths of the two models.

Arguments in favor of the Leica M-E (Typ 240):

• More detail: Offers more megapixels (23.7 vs 12MP) with a 43% higher linear resolution.
• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• 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.
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.68x vs 0.46x).
• More detailed LCD: Has a higher resolution rear screen (920k vs 460k dots).
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Reflects 6 years and 11 months of technical progress since the FZ200 launch.

Reasons to prefer the Panasonic Lumix DMC-FZ200:

• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better video: Provides higher movie framerates (1080/60p versus 1080/25p).
• Better sound: Can connect to an external microphone for higher quality sound recording.
• More framing info: Has an electronic viewfinder that displays shooting data.
• More flexible LCD: Has a swivel screen for odd-angle shots in portrait or landscape orientation.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster burst: Shoots at higher frequency (12 vs 3 flaps/sec) to capture the decisive moment.
• Ready to shoot: Has an integrated lens, whereas the M-E Typ 240 necessitates an extra lens.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the M-E Typ 240).
• Sharper images: Has stabilization technology built-in to reduce the impact of hand-shake.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More heavily discounted: Has been around for much longer (launched in July 2012).

If the count of individual advantages (bullet points above) is taken as a guide, the match-up finishes in a tie (13 points each). However, the relative importance of the various individual camera aspects will vary according to personal preferences and needs, so that you might like to apply corresponding weights to the particular features before making a decision on a new camera. 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 comparison of the spec-sheets of cameras can offer a general idea of their imaging potential, it says little about, for example, the shooting experience and imaging performance of the M-E Typ 240 and the FZ200 in practical situations. User reviews that are available, for instance, at amazon can sometimes shed light on these issues, but such feedback is all too often partial, inconsistent, and inaccurate.

Expert reviews

This is why expert reviews are important. The following table reports the overall ratings of the cameras as published by some of the major camera 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 (USD)	Street Price
1.		Leica M-E Typ 240	..	..	..	..	..	..	Jun 2019	3,999	ebay.com
2.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
3.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	549	ebay.com
4.		Fujifilm GFX 50R	5/5	..	5/5	84/100	4.5/5	4.5/5	Sep 2018	4,499	ebay.com
5.		Leica M10-R	4.5/5	..	4/5	..	..	4/5	Jul 2020	8,295	ebay.com
6.		Leica Q2	..	..	4.5/5	84/100	4.5/5	4/5	Mar 2019	4,995	amazon.com
7.		Leica V-LUX 5	..	..	..	..	4/5	4/5	Jul 2019	1,249	amazon.com
8.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	7,995	ebay.com
9.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
10.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	5,195	ebay.com
11.		Leica Q Typ 116	5/5	..	..	80/100	4.5/5	4.5/5	Jun 2015	4,249	ebay.com
12.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	6,950	ebay.com
13.		Panasonic FZ330	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	599	amazon.com
14.		Panasonic LX7	3/5	+ +	..	75/100	4/5	4.5/5	Jul 2012	499	ebay.com
15.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
16.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
17.		Sony A9 II	..	..	5/5	90/100	5/5	5/5	Oct 2019	4,499	amazon.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The above review scores should be interpreted with care, though. The ratings are only valid when referring to cameras in the same category and of the same age. A score, therefore, has to be seen in close connection to the price and market introduction time of the camera, and rating-comparisons among cameras that span long time periods or concern very differently equipped models make little sense. Also, please note that some of the review sites have changed their methodology and reporting over time.

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Other camera comparisons

Did this review help to inform your camera decision process? In case you are interested in seeing how other cameras pair up, just make your choice using the following search menu. As an alternative, you can also directly jump to any one of the listed comparisons that were previously generated by the CAM-parator tool.

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