Leica M9 vs Panasonic TZ95

The Leica M9 and the Panasonic Lumix DC-TZ95 (labelled Panasonic ZS80 in some countries) are two digital cameras that were officially introduced, respectively, in September 2009 and February 2019. The M9 is a rangefinder-focusing mirrorless camera, while the TZ95 is a fixed lens compact. The cameras are based on a full frame (M9) and a 1/2.3-inch (TZ95) sensor. The Leica has a resolution of 18.1 megapixels, whereas the Panasonic provides 20.2 MP.

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

Headline Specifications

Leica M9		Panasonic TZ95
Rangefinder camera		Fixed lens compact camera
Leica M mount lenses		24-720mm f/3.3-6.4
18.1 MP – Full Frame sensor		20.2 MP – 1/2.3" sensor
no Video		4K/30p Video
ISO 80-2,500		ISO 80-3,200 (80 - 6,400)
Optical viewfinder		Electronic viewfinder (2330k dots)
2.5" LCD – 230k dots		3.0" LCD – 1040k dots
Fixed screen (not touch-sensitive)		Tilting touchscreen
2 shutter flaps per second		10 shutter flaps per second
550 shots per battery charge		380 shots per battery charge
139 x 80 x 37 mm, 585 g		112 x 69 x 42 mm, 327 g

Check M9 offers at
ebay.com
Check TZ95 offers at
ebay.com

Going beyond this snapshot of core features and characteristics, what are the differences between the Leica M9 and the Panasonic Lumix DC-TZ95? 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 M9 and the Panasonic TZ95 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three consecutive perspectives from the front, the top, and the back are available. All size dimensions are rounded to the nearest millimeter.

Both cameras are available in two different colors (black, silver).

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic TZ95 is considerably smaller (31 percent) than the Leica M9. In this context, it is worth noting that neither the M9 nor the TZ95 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the TZ95 has a lens built in, whereas the M9 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 M9 and their specifications in the Leica M Lens Catalog.

Concerning battery life, the M9 gets 550 shots out of its Leica BLI-312 battery, while the TZ95 can take 380 images on a single charge of its Panasonic DMW-BLG10 power pack. The power pack in the TZ95 can be charged via the USB port, which can be very convenient when travelling.

The adjacent table lists the principal physical characteristics of the two cameras alongside a wider set of alternatives. 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 M9	139 mm	80 mm	37 mm	585 g	550	n	Sep 2009	7,999	ebay.com
2.		Panasonic TZ95	112 mm	69 mm	42 mm	327 g	380	n	Feb 2019	449	ebay.com
3.		Canon SX740	110 mm	64 mm	40 mm	299 g	265	n	Jul 2018	399	amazon.com
4.		Canon T2i	129 mm	98 mm	62 mm	530 g	440	n	Feb 2010	699	ebay.com
5.		Canon T1i	129 mm	98 mm	62 mm	520 g	400	n	Mar 2009	799	ebay.com
6.		Fujifilm XF10	113 mm	64 mm	41 mm	279 g	330	n	Jul 2018	499	ebay.com
7.		Leica M11	139 mm	80 mm	39 mm	640 g	700	Y	Jan 2022	8,995	amazon.com
8.		Leica M10-R	139 mm	80 mm	39 mm	660 g	210	Y	Jul 2020	8,295	ebay.com
9.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	7,995	ebay.com
10.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
11.		Leica X Typ 113	133 mm	73 mm	78 mm	486 g	350	n	Sep 2014	2,295	ebay.com
12.		Leica X Vario	133 mm	73 mm	95 mm	680 g	450	n	Jun 2013	2,850	ebay.com
13.		Leica M Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Sep 2012	6,950	ebay.com
14.		Leica M8	139 mm	80 mm	37 mm	591 g	550	n	Sep 2006	5,499	ebay.com
15.		Panasonic FT7	117 mm	76 mm	37 mm	319 g	300	Y	May 2018	449	ebay.com
16.		Panasonic LX100 II	115 mm	66 mm	65 mm	392 g	300	n	Aug 2018	999	ebay.com
17.		Panasonic TZ90	112 mm	67 mm	41 mm	322 g	380	n	Apr 2017	449	ebay.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 TZ95 was launched at a lower price than the M9, 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. Then, after the new model is out, very good deals can frequently be found on the pre-owned market.

Sensor comparison

The size of the sensor inside a digital camera is one of the key determinants 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. 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 are more costly to manufacture and tend to lead to bigger and heavier cameras and lenses.

Of the two cameras under consideration, the Leica M9 features a full frame sensor and the Panasonic TZ95 a 1/2.3-inch sensor. The sensor area in the TZ95 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 M9 has a native 3:2 aspect ratio, while the one in the TZ95 offers a 4:3 aspect.

Despite having a smaller sensor, the TZ95 offers a higher resolution of 20.2 megapixels, compared with 18.1 MP of the M9. This megapixels advantage comes at the cost of a higher pixel density and a smaller size of the individual pixel (with a pixel pitch of 1.18μm versus 6.91μm for the M9). However, it should be noted that the TZ95 is much more recent (by 9 years and 5 months) than the M9, and its sensor will have benefitted from technological advances during this time that make it possible to gather light more efficiently. Coming back to sensor resolution, it should be mentioned that neither of the two cameras has an anti-alias filter installed, so they are able to capture all the detail the sensor resolves.

The Leica M9 has a native sensitivity range from ISO 80 to ISO 2500. The corresponding ISO settings for the Panasonic Lumix DC-TZ95 are ISO 80 to ISO 3200, with the possibility to increase the ISO range to 80-6400.

In terms of underlying technology, the M9 is build around a CCD sensor, while the TZ95 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 assesses and scores the color depth ("DXO Portrait"), dynamic range ("DXO Landscape"), and low-light sensitivity ("DXO Sports") of camera sensors, and also publishes an overall camera score. 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 M9	Full Frame	18.1	5212	3472	none	22.5	11.7	884	69
2.		Panasonic TZ95	1/2.3	20.2	5184	3888	4K/30p	20.7	12.2	1103	52
3.		Canon SX740	1/2.3	20.2	5184	3888	4K/30p	20.6	12.1	1050	51
4.		Canon T2i	APS-C	17.9	5184	3456	1080/30p	22.1	11.5	784	66
5.		Canon T1i	APS-C	15.1	4752	3168	1080/20p	21.7	11.5	663	63
6.		Fujifilm XF10	APS-C	24.0	6000	4000	4K/15p	24.0	13.4	1844	83
7.		Leica M11	Full Frame	60.3	9528	6328	none	26.3	14.8	3376	100
8.		Leica M10-R	Full Frame	40.9	7864	5200	none	25.3	14.3	2924	95
9.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
10.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
11.		Leica X Typ 113	APS-C	16.1	4928	3264	1080/30p	23.6	12.8	1491	78
12.		Leica X Vario	APS-C	16.1	4928	3272	1080/30p	23.4	12.7	1320	78
13.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
14.		Leica M8	APS-H	10.4	3936	2630	none	21.1	11.3	663	59
15.		Panasonic FT7	1/2.3	20.2	5184	3888	4K/30p	20.6	12.1	1028	51
16.		Panasonic LX100 II	Four Thirds	16.8	4736	3552	4K/30p	22.8	12.7	979	72
17.		Panasonic TZ90	1/2.3	20.2	5184	3888	4K/30p	19.1	10.6	106	36
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras cannot only take still pictures, but also record videos. The TZ95 indeed provides for movie recording, while the M9 does not. The highest resolution format that the TZ95 can use is 4K/30p.

Feature comparison

Beyond body and sensor, cameras can and do differ across a range of features. For example, the TZ95 has an electronic viewfinder (2330k dots), while the M9 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 M9 has a higher magnification than the one of the TZ95 (0.68x vs 0.53x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The table below summarizes some of the other core capabilities of the Leica M9 and Panasonic TZ95 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 M9	optical	n	2.5 / 230	fixed	n	1/4000s	2.0/s	n	n
2.		Panasonic TZ95	2330	n	3.0 / 1040	tilting	Y	1/2000s	10.0/s	Y	Y
3.		Canon SX740	none	n	3.0 / 922	tilting	n	1/3200s	10.0/s	Y	Y
4.		Canon T2i	optical	n	3.0 / 1040	fixed	n	1/4000s	3.7/s	Y	n
5.		Canon T1i	optical	n	3.0 / 920	fixed	n	1/4000s	3.4/s	Y	n
6.		Fujifilm XF10	none	n	3.0 / 1040	fixed	Y	1/4000s	6.0/s	Y	n
7.		Leica M11	optical	n	3.0 / 2333	fixed	Y	1/4000s	4.5/s	n	n
8.		Leica M10-R	optical	n	3.0 / 1037	fixed	Y	1/4000s	4.5/s	n	n
9.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
10.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
11.		Leica X Typ 113	optional	n	3.0 / 920	fixed	n	1/2000s	5.0/s	Y	n
12.		Leica X Vario	optional	n	3.0 / 920	fixed	n	1/2000s	5.0/s	Y	n
13.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
14.		Leica M8	optical	n	2.5 / 230	fixed	n	1/8000s	2.0/s	n	n
15.		Panasonic FT7	1170	n	3.0 / 1040	fixed	n	1/1300s	10.0/s	Y	Y
16.		Panasonic LX100 II	2764	n	3.0 / 1240	fixed	Y	1/4000s	11.0/s	n	Y
17.		Panasonic TZ90	1166	n	3.0 / 1040	tilting	Y	1/2000s	10.0/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One differentiating feature between the two cameras concerns the touch sensitivity of the rear screen. The TZ95 has a touchscreen, while the M9 has a conventional panel. Touch control can be particularly helpful, for example, for setting the focus point.

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 TZ95 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).

Concerning the storage of imaging data, both the M9 and the TZ95 write their files to SDXC cards. The TZ95 supports UHS-I cards (Ultra High Speed data transfer of up to 104 MB/s), while the M9 cannot take advantage of Ultra High Speed SD cards.

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 M9 and Panasonic Lumix DC-TZ95 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 M9	Y	- / -	-	-	-	2.0	-	-	-
2.		Panasonic TZ95	-	stereo / mono	-	-	micro	2.0	Y	-	Y
3.		Canon SX740	-	stereo / mono	-	-	micro	2.0	Y	-	Y
4.		Canon T2i	Y	stereo / -	Y	-	mini	2.0	-	-	-
5.		Canon T1i	Y	mono / mono	-	-	mini	2.0	-	-	-
6.		Fujifilm XF10	-	stereo / mono	Y	-	micro	2.0	Y	-	Y
7.		Leica M11	Y	- / -	-	-	-	3.2	Y	-	Y
8.		Leica M10-R	Y	- / -	-	-	-	-	Y	-	-
9.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
10.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
11.		Leica X Typ 113	Y	stereo / mono	-	-	mini	2.0	-	-	-
12.		Leica X Vario	Y	stereo / mono	-	-	mini	2.0	-	-	-
13.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
14.		Leica M8	Y	- / -	-	-	-	2.0	-	-	-
15.		Panasonic FT7	-	stereo / mono	-	-	micro	2.0	Y	-	-
16.		Panasonic LX100 II	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
17.		Panasonic TZ90	-	stereo / mono	-	-	micro	2.0	Y	-	-

It is notable that the M9 has a hotshoe, while the TZ95 does not. This socket makes it possible to easily attach optional accessories, such as an external flash gun.

Both the M9 and the TZ95 have been discontinued, but can regularly be found used on ebay. The M9 was replaced by the Leica M Typ 240, while the TZ95 does not have a direct successor. Further information on the features and operation of the M9 and TZ95 can be found, respectively, in the Leica M9 Manual (free pdf) or the online Panasonic TZ95 Manual.

Review summary

So what conclusions can be drawn? Which of the two cameras – the Leica M9 or the Panasonic TZ95 – has the upper hand? Is one clearly better than the other? The listing below highlights the relative strengths of the two models.

Reasons to prefer the Leica M9:

• Better image quality: Features bigger pixels on a larger sensor for higher quality imaging.
• Richer colors: The pixel size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger pixels capture a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger pixels means good image quality even under poor lighting.
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.68x vs 0.53x).
• Faster shutter: Has higher mechanical shutter speed (1/4000s vs 1/2000s) to freeze action.
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• Longer lasting: Can take more shots (550 versus 380) on a single battery charge.
• 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 heavily discounted: Has been available for much longer (launched in September 2009).

Advantages of the Panasonic Lumix DC-TZ95:

• Broader imaging potential: Can capture not only stills but also 4K/30p video.
• More framing info: Has an electronic viewfinder that displays shooting data.
• Larger screen: Has a bigger rear LCD (3.0" vs 2.5") for image review and settings control.
• More detailed LCD: Has a higher resolution rear screen (1040k vs 230k dots).
• More flexible LCD: Has a tilting screen for odd-angle shots in landscape orientation.
• Fewer buttons to press: Has a touchscreen to facilitate handling and shooting adjustments.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster burst: Shoots at higher frequency (10 vs 2 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Ready to shoot: Has an integrated lens, whereas the M9 necessitates an extra lens.
• More compact: Is smaller (112x69mm vs 139x80mm) and will fit more readily into a bag.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the M9).
• Easier travel charging: Can be conveniently charged via its USB port.
• 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.
• Easier file upload: Has wifi built in for automatic backup or image transfer to the web.
• Easier wireless transfer: Supports Bluetooth for image sharing without cables.
• Faster buffer clearing: Has an SD card interface that supports the UHS-I standard.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More modern: Reflects 9 years and 5 months of technical progress since the M9 launch.

If the count of individual advantages (bullet points above) is taken as a guide, the TZ95 is the clear winner of the contest (20 : 12 points). 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 incomplete and does no justice, for example, to the way the M9 or the TZ95 perform in practice. 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 adjacent summary-table relays the overall verdicts of several of the most popular 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 M9	..	..	..	..	4.5/5	..	Sep 2009	7,999	ebay.com
2.		Panasonic TZ95	..	+ +	..	..	4.5/5	..	Feb 2019	449	ebay.com
3.		Canon SX740	..	+	3.5/5	..	4/5	4/5	Jul 2018	399	amazon.com
4.		Canon T2i	..	+ +	..	77/100	4/5	4.5/5	Feb 2010	699	ebay.com
5.		Canon T1i	..	+ +	..	74/100	4.5/5	4.5/5	Mar 2009	799	ebay.com
6.		Fujifilm XF10	..	..	4/5	75/100	4/5	4.5/5	Jul 2018	499	ebay.com
7.		Leica M11	4.5/5	..	4.5/5	..	4.5/5	4.5/5	Jan 2022	8,995	amazon.com
8.		Leica M10-R	4.5/5	..	4/5	..	..	4/5	Jul 2020	8,295	ebay.com
9.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	7,995	ebay.com
10.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
11.		Leica X Typ 113	3.5/5	..	..	..	3.5/5	4/5	Sep 2014	2,295	ebay.com
12.		Leica X Vario	3/5	..	..	..	4/5	4/5	Jun 2013	2,850	ebay.com
13.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	6,950	ebay.com
14.		Leica M8	..	..	..	+ +	..	..	Sep 2006	5,499	ebay.com
15.		Panasonic FT7	..	+	..	..	3.5/5	3.5/5	May 2018	449	ebay.com
16.		Panasonic LX100 II	4.5/5	+	4.2/5	82/100	4.5/5	4.5/5	Aug 2018	999	ebay.com
17.		Panasonic TZ90	..	+ +	4/5	..	4/5	4/5	Apr 2017	449	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The ratings were established in reference to similarly priced cameras that were available in the market at the time of the review. A score, therefore, has to be seen in close connection to the price and market introduction time of the camera, and comparing ratings of very distinct cameras or ones that are far apart in terms of their release date have little meaning. Also, please note that some of the review sites have changed their methodology and reporting over time.

Check M9 offers at
ebay.com
Check TZ95 offers at
ebay.com

Other camera comparisons

Did this review help to inform your camera decision process? In case you would like to check on the differences and similarities of other camera models, just make your choice using the following search menu. There is also a set of direct links to comparison reviews that other users of the CAM-parator app explored.

~

Check M9 offers at
ebay.com
Check TZ95 offers at
ebay.com

Did you notice an error on this page? If so, please get in touch, so that we can correct the information.