Nikon 1 V2 vs Panasonic FZ200

The Nikon 1 V2 and the Panasonic Lumix DMC-FZ200 are two digital cameras that were officially introduced, respectively, in October 2012 and July 2012. The V2 is a mirrorless interchangeable lens camera, while the FZ200 is a fixed lens compact. The cameras are based on an one-inch (V2) and a 1/2.3-inch (FZ200) sensor. The Nikon has a resolution of 14.2 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

Nikon 1 V2		Panasonic FZ200
Mirrorless system camera		Fixed lens compact camera
Nikon 1 mount lenses		25-600mm f/2.8
14.2 MP – 1" sensor		12 MP – 1/2.3" sensor
1080/60p Video		1080/60p Video
ISO 160-12,800		ISO 100-3,200 (100 - 6,400)
Electronic viewfinder (1440k dots)		Electronic viewfinder (1312k dots)
3.0" LCD – 921k dots		3.0" LCD – 460k dots
Fixed screen (not touch-sensitive)		Swivel screen (not touch-sensitive)
15 shutter flaps per second		12 shutter flaps per second
310 shots per battery charge		540 shots per battery charge
109 x 82 x 46 mm, 278 g		125 x 87 x 110 mm, 588 g

Check V2 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 Nikon 1 V2 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

An illustration of the physical size and weight of the Nikon 1 V2 and the Panasonic FZ200 is provided in the side-by-side display below. 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.

The V2 can be obtained in two different colors (black, white), while the FZ200 is only available in black.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic FZ200 is notably larger (22 percent) than the Nikon 1 V2. In this context, it is worth noting that neither the V2 nor the FZ200 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ200 has a lens built in, whereas the V2 is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup.

The following table provides a synthesis of the main physical specifications of the two cameras and other similar ones. 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	Street Price
1.		Nikon 1 V2	109 mm	82 mm	46 mm	278 g	310	n	Oct 2012	US$ 799	ebay.com
2.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	US$ 599	ebay.com
3.		Canon G1 X	117 mm	81 mm	65 mm	534 g	250	n	Jan 2012	US$ 799	ebay.com
4.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	US$ 429	ebay.com
5.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	US$ 549	ebay.com
6.		Fujifilm X-M1	117 mm	67 mm	39 mm	330 g	350	n	Jun 2013	US$ 699	ebay.com
7.		Nikon 1 J4	100 mm	60 mm	29 mm	232 g	300	n	Apr 2014	US$ 549	ebay.com
8.		Nikon 1 V1	113 mm	76 mm	44 mm	383 g	350	n	Sep 2011	US$ 799	ebay.com
9.		Nikon 1 V3	111 mm	65 mm	33 mm	381 g	310	n	Mar 2014	US$ 799	ebay.com
10.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	US$ 499	ebay.com
11.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	US$ 499	ebay.com
12.		Panasonic FZ300	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	US$ 599	amazon.com
13.		Panasonic GF5	108 mm	67 mm	37 mm	267 g	360	n	Apr 2012	US$ 499	ebay.com
14.		Panasonic GF6	111 mm	65 mm	38 mm	323 g	340	n	Apr 2013	US$ 499	ebay.com
15.		Panasonic GX1	116 mm	68 mm	39 mm	318 g	320	n	Nov 2011	US$ 699	ebay.com
16.		Ricoh GR	117 mm	61 mm	35 mm	245 g	290	n	Apr 2013	US$ 799	ebay.com
17.		Sony RX100 II	102 mm	58 mm	38 mm	281 g	350	n	Jun 2013	US$ 749	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

Any camera decision will obviously take relative prices into account. The manufacturer’s suggested retail prices give an idea on the placement of the camera in the maker’s lineup and the broader market. The FZ200 was launched at a lower price than the V2, despite having a lens built in. 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 tend to have larger individual pixels that provide better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixel-units 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 Nikon 1 V2 features an one-inch sensor and the Panasonic FZ200 a 1/2.3-inch sensor. The sensor area in the FZ200 is 76 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 2.7 and 5.6. The sensor in the V2 has a native 3:2 aspect ratio, while the one in the FZ200 offers a 4:3 aspect.

With 14.2MP, the V2 offers a higher resolution than the FZ200 (12MP), but the V2 nevertheless has larger individual pixels (pixel pitch of 2.86μm versus 1.53μm for the FZ200) due to its larger sensor. Moreover, the V2 is a somewhat more recent model (by 3 months) than the FZ200, and its sensor might 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 Nikon 1 V2 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the V2 for good quality output (200 dots per inch) amounts to 23 x 15.4 inches or 58.5 x 39 cm, for very good quality (250 dpi) 18.4 x 12.3 inches or 46.8 x 31.2 cm, and for excellent quality (300 dpi) 15.4 x 10.2 inches or 39 x 26 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 V2 has on-sensor phase detect pixels, which results in fast and reliable autofocus acquisition even during live view operation.

The Nikon 1 V2 has a native sensitivity range from ISO 160 to ISO 12800. 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 V2 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.

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"). Of the two cameras under review, the V2 provides substantially higher image quality than the FZ200, with an overall score that is 13 points higher. This advantage is based on 1.1 bits higher color depth, and 1.8 stops in additional low light sensitivity. 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.		Nikon 1 V2	1-inch	14.2	4608	3072	1080/60p	20.2	10.8	403	50
2.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
3.		Canon G1 X	1.5-inch	14.2	4352	3264	1080/24p	21.7	10.8	644	60
4.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
5.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
6.		Fujifilm X-M1	APS-C	16.0	4896	3264	1080/30p	23.4	12.6	1371	76
7.		Nikon 1 J4	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	426	53
8.		Nikon 1 V1	1-inch	10.0	3872	2592	1080/60i	21.3	11.0	346	54
9.		Nikon 1 V3	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	384	52
10.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
11.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
12.		Panasonic FZ300	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
13.		Panasonic GF5	Four Thirds	12.0	4000	3000	1080/60i	20.5	10.0	573	50
14.		Panasonic GF6	Four Thirds	15.8	4592	3448	1080/60i	20.7	10.6	622	54
15.		Panasonic GX1	Four Thirds	15.8	4592	3448	1080/60p	20.8	10.6	703	55
16.		Ricoh GR	APS-C	16.1	4928	3264	1080/30p	23.6	13.5	972	78
17.		Sony RX100 II	1-inch	20.0	5472	3648	1080/60p	22.5	12.4	483	67
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. The two cameras under consideration both have sensors whose read-out speed is fast enough to capture moving pictures, and both provide the same movie specifications (1080/60p).

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. The two cameras under consideration are similar with respect to both having an electronic viewfinder. However, the one in the V2 offers a slightly higher resolution than the one in the FZ200 (1440k vs 1312k dots). The following table reports on some other key feature differences and similarities of the Nikon 1 V2, 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.		Nikon 1 V2	1440	n	3.0 / 921	fixed	n	1/4000s	15.0/s	Y	n
2.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
3.		Canon G1 X	optical	n	3.0 / 922	swivel	n	1/4000s	1.9/s	Y	Y
4.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
5.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
6.		Fujifilm X-M1	none	n	3.0 / 920	tilting	n	1/4000s	5.6/s	Y	n
7.		Nikon 1 J4	none	n	3.0 / 1037	Fixed	Y	1/4000s	60.0/s	Y	n
8.		Nikon 1 V1	1440	n	3.0 / 921	fixed	n	1/4000s	10.0/s	n	n
9.		Nikon 1 V3	optional	n	3.0 / 1037	tilting	Y	1/4000s	60.0/s	Y	n
10.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
11.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
12.		Panasonic FZ300	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
13.		Panasonic GF5	none	n	3.0 / 920	fixed	Y	1/4000s	4.0/s	Y	n
14.		Panasonic GF6	none	n	3.0 / 1040	tilting	Y	1/4000s	4.2/s	Y	n
15.		Panasonic GX1	optional	n	3.0 / 460	fixed	Y	1/4000s	4.2/s	Y	n
16.		Ricoh GR	optional	n	3.0 / 1230	fixed	n	1/4000s	4.0/s	Y	n
17.		Sony RX100 II	optional	n	3.0 / 1229	tilting	n	1/2000s	10.0/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

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 V2 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 Nikon 1 V2 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.		Nikon 1 V2	-	stereo / mono	-	-	mini	2.0	-	-	-
2.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
3.		Canon G1 X	Y	stereo / mono	-	-	mini	2.0	-	-	-
4.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
5.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
6.		Fujifilm X-M1	Y	stereo / mono	-	-	mini	2.0	Y	-	-
7.		Nikon 1 J4	-	stereo / mono	-	-	mini	2.0	Y	-	-
8.		Nikon 1 V1	-	stereo / mono	-	-	mini	2.0	-	-	-
9.		Nikon 1 V3	-	stereo / mono	Y	-	mini	2.0	Y	-	-
10.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
11.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
12.		Panasonic FZ300	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
13.		Panasonic GF5	-	stereo / mono	-	-	mini	2.0	-	-	-
14.		Panasonic GF6	-	stereo / mono	-	-	mini	2.0	Y	Y	-
15.		Panasonic GX1	Y	stereo / mono	-	-	mini	2.0	-	-	-
16.		Ricoh GR	Y	mono / mono	-	-	micro	2.0	-	-	-
17.		Sony RX100 II	Y	stereo / mono	-	-	micro	2.0	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 V2 does not feature such a mic input.

Both the V2 and the FZ200 have been discontinued, but can regularly be found used on ebay. The FZ200 was replaced by the Panasonic FZ300, while the V2 was followed by the Nikon 1 V3. Further information on the features and operation of the V2 and FZ200 can be found, respectively, in the Nikon 1 V2 Manual (free pdf) or the online Panasonic FZ200 Manual.

Review summary

So what conclusions can be drawn? Is there a clear favorite between the Nikon 1 V2 and the Panasonic FZ200? Which camera is better? The listing below highlights the relative strengths of the two models.

Arguments in favor of the Nikon 1 V2:

• More detail: Offers more megapixels (14.2 vs 12MP) with a 11% higher linear resolution.
• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Better image quality: Scores substantially higher (13 points) in the DXO overall assessment.
• Richer colors: Generates images with noticeably better colors (1.1 bits more color depth).
• Better low-light sensitivity: Requires less light for good images (1.8 stops ISO advantage).
• Better live-view autofocus: Features on-sensor phase-detection for more confident autofocus.
• More detailed LCD: Has a higher resolution rear screen (921k vs 460k dots).
• Faster burst: Shoots at higher frequency (15 vs 12 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 flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• More compact: Is smaller (109x82mm vs 125x87mm) and thus needs less room in the bag.
• More modern: Is somewhat more recent (announced 3 months after the FZ200).

Reasons to prefer the Panasonic Lumix DMC-FZ200:

• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better sound: Can connect to an external microphone for higher quality sound recording.
• 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.
• Ready to shoot: Has an integrated lens, whereas the V2 necessitates an extra lens.
• Longer lasting: Gets more shots (540 versus 310) out of a single battery charge.
• Sharper images: Has stabilization technology built-in to reduce the impact of hand-shake.
• Better lighting: Features a hotshoe and can thus hold and trigger an external flash gun.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More heavily discounted: Has been on the market for longer (launched in July 2012).

If the count of relative strengths (bullet points above) is taken as a measure, the V2 emerges as the winner of the contest (13 : 10 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 wedding photographer will view the differences between cameras in a way that diverges from the perspective of a travel photog, and a person interested in cityscapes has distinct needs from a macro shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

How about other alternatives? Do the specifications of the Nikon 1 V2 and the Panasonic FZ200 place the cameras among the top in their class? Find out in the latest Best Mirrorless Interchangeable Lens Camera and Best Superzoom Camera listings whether the two cameras rank among the cream of the crop.

In any case, while the specs-based evaluation of cameras can be instructive in revealing their potential as photographic tools, it says little about, for example, the shooting experience and imaging performance of the V2 and the FZ200 in practical situations. 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 hands-on reviews by experts 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	Street Price
1.		Nikon 1 V2	3/5	..	..	..	4.5/5	4/5	Oct 2012	US$ 799	ebay.com
2.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	US$ 599	ebay.com
3.		Canon G1 X	5/5	+	..	76/100	4/5	4.5/5	Jan 2012	US$ 799	ebay.com
4.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	US$ 429	ebay.com
5.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	US$ 549	ebay.com
6.		Fujifilm X-M1	3/5	+	..	77/100	4.5/5	4.5/5	Jun 2013	US$ 699	ebay.com
7.		Nikon 1 J4	3/5	..	..	..	4.5/5	4/5	Apr 2014	US$ 549	ebay.com
8.		Nikon 1 V1	..	+	..	69/100	4.5/5	4/5	Sep 2011	US$ 799	ebay.com
9.		Nikon 1 V3	3/5	..	..	76/100	4.5/5	4/5	Mar 2014	US$ 799	ebay.com
10.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	US$ 499	ebay.com
11.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	US$ 499	ebay.com
12.		Panasonic FZ300	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	US$ 599	amazon.com
13.		Panasonic GF5	3/5	..	..	..	4.5/5	4.5/5	Apr 2012	US$ 499	ebay.com
14.		Panasonic GF6	..	+ +	..	..	4.5/5	4.5/5	Apr 2013	US$ 499	ebay.com
15.		Panasonic GX1	3/5	+	..	77/100	4.5/5	4.5/5	Nov 2011	US$ 699	ebay.com
16.		Ricoh GR	5/5	..	..	79/100	4.5/5	4.5/5	Apr 2013	US$ 799	ebay.com
17.		Sony RX100 II	5/5	+ +	..	79/100	4.5/5	4.5/5	Jun 2013	US$ 749	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, though. The assessments were made in relation to similar cameras of the same technological generation. 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, kindly note that some of the listed sites have over time developped their review approaches and their reporting style.

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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 use the search menu below. 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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