Will the long-anticipated Leica M11-V with built-in EVF arrive in 2025? Probably, but it’s taking longer than expected and rumors are still flying!

Will the long-anticipated Leica M11-V with built-in EVF arrive in 2025?
Probably, but it’s taking longer than expected and rumors are still flying!

By Jason Schneider

Beginning in February 2025 and continuing into March, Leica Rumors, Red Dot Forum and other unofficial Leica-centric sites began publishing enticing stories, and even photos of putative prototypes, of a rumored new “Leica M11-V” with a built-in “EVF.” This is no conventional EVF like a shoe-mount Leica Visoflex 2, but an electronic or hybrid electronic version of the classic M-series multi-frame-line, opto-mechanical range/viewfinder that debited on the Leica M3 of 1954, but of course with three pairs of frame lines covering focal lengths from 28mm to 135mm. The “internal sources” that provided the info and Images referred to the camera as the “Leica M-V,” but it’s fairly certain that it will be called the Leica M11-V in line with previous iterations such as the M11-P, which provided the basis for the new model. Since the latest beta version of the Leica Fotos app already contains references to the Leica M11-V, most writers assumed the new model would arrive in a few weeks at most. However more than two months have elapsed since the initial reports and that hasn’t happened yet. Most writers are now expecting it to arrive later this year, in late summer or early fall.

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Early mockup of "Leica M EVF" camera that resembles rumored Leica M11-V. Note built-in flash which may or may not be included.

Leica Rumors published some “leaked pictures” from a Leica survey that includes one with an EVF, and the M11-V will reportedly have a clean flat top plate and no ISO dial to make room for the EVF. There will be no Leica M12 this year; possibly that will have to wait until 2027. Does this mean that the two models will have different iterations of the built-in EVF? It’s entirely possible. Some writers have described the Leica M11-V’s EVF as “similar to the one in the Leica Q3 or SL3,” but the consensus is that it will have the same 60MP BSI CMOS sensor as the M11 and include features like USB-C, internal storage, and improved Live View. The new body may be slimmed down or reworked, possibly without the traditional ISO dial, and it’s expected to support closer focusing with new M lenses.

Here are some additional details on the rumored specs of Leica M11-V:

Possible Specifications (Not confirmed!):

Sensor: Full frame 60MP BSI CMOS sensor (same as M11)
Viewfinder: Built-in EVF (like Q3 or SL3 in terms of quality)
Optical Rangefinder: Likely no optical rangefinder
Connectivity: USB-C, internal storage (like the M11)
Live View: Improved Live View performance
Focusing: Closer focusing support with new M lenses
Body: Slimmed-down or reworked body without the ISO dial
Other: TheLeica M11-V is rumored to have a clean top plate and no ISO dial, potentially due to space needed for the EVF.

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Sneak pictures of the rumored EVF showing focusing aids and finder frame lines. Image courtesy of Leica Rumors

Leica M11-V Q &A: Here’s what the experts told us:

  • Q. Will the frame lines in the new Leica M11-V move in and out as you focus to correct for the narrowing of angular coverage at closer focusing distances?

  • A. No, the frame lines in the rumored Leica M11-V are not expected to move in and out as you focus to correct for the narrowing of angular coverage at closer focusing distances. This is a common feature in Electronic Viewfinders (EVFs) where the frame lines adjust digitally to accurately represent the actual capture area at different focus distances
  • .
  • However, the Leica M line, including the M11, utilizes a different system for parallax correction, which compensates for the slight displacement between the viewfinder and the lens, especially at close focus distances. This parallax correction mechanism, which may cause the frame lines to shift slightly within the viewfinder, is a separate function from the focus-based frame line changes that would occur in a traditional rangefinder or the digital adjustment possible with an EVF.
  • The M11-V is anticipated to integrate a built-in EVF, and while the EVF offers the advantage of showing you exactly what the sensor sees, eliminating parallax issues inherent to rangefinders, it's not expected to replicate the physical frame line movement of the rangefinder system. Instead, the EVF display would provide a live preview of the image, including framing, focus, and depth of field, simplifying composition and eliminating the need for manual parallax compensation.
Q. Will the frame lines or the rangefinder patch in the new Leica M11-V be illuminated so they are more visible in very low light?

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According to Leica Rumors, this image shows frame lines and digital (?) focusing patch likely to appear in Leica M11-V. Note ISO readout.

A. Given the rumors about the Leica M11-V featuring a built-in Electronic Viewfinder (EVF), the concept of illuminated frame lines or rangefinder patch within the traditional optical rangefinder becomes less relevant.

Here's why:

  • EVF functionality: The primary function of an EVF is to display a real-time, digital representation of the scene as captured by the sensor. This display itself is inherently illuminated, so the issue of seeing the frame lines or the rangefinder patch in low light, which is pertinent to traditional rangefinders, is eliminated. You see the image projected directly into the EVF, making framing and focusing easy regardless of ambient light.
  • No traditional rangefinder: The M11-V is rumored to have a built-in EVF and potentially lack the traditional optical rangefinder. Therefore, the separate issue of rangefinder patch visibility in low light, which can be challenging in traditional M cameras, is unlikely to be a concern with the M11-V's EVF.

Q. Will the frame lines or the rangefinder patch in the new Leica M11-V be illuminated so they are more visible in very low light?
A. Given the rumors about the Leica M11-V featuring a built-in Electronic Viewfinder (EVF), the concept of illuminated frame lines or rangefinder patch within the traditional optical rangefinder becomes less relevant.

Here's why:
  • EVF functionality: The primary function of an EVF is to display a real-time, digital representation of the scene as captured by the sensor. This display itself is inherently illuminated, so the issue of seeing the frame lines or the rangefinder patch in low light, which is pertinent to traditional rangefinders, is eliminated. You see the image projected directly into the EVF, making framing and focusing easy regardless of ambient light.
  • No traditional rangefinder: The M11-V is rumored to have a built-in EVF and potentially lack the traditional optical rangefinder. Therefore, the separate issue of rangefinder patch visibility in low light, which can be challenging in traditional M cameras, is unlikely to be a concern with the M11-V's EVF.
In short, the M11-V, with its rumored EVF, will offer a modern shooting experience where the viewfinder display is always illuminated and provides a clear preview of the scene in all lighting conditions. You won't need to worry about the visibility of frame lines or a rangefinder patch as you would with a traditional optical rangefinder.

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Back view of prototype Leica M11-V shows flat top, upgraded LCD on back, simplified controls.

One long time Leica fan is hoping the V in M11-V stands for VALUE and predicts a substantially lower retail price thanks to production savings from the EVF viewfinder compared to the optical rangefinder viewfinder. Hope springs eternal, but as those irreverent Brits would say, “Not bloody likely, mate .” Will the value of Leica Ms with traditional optical-mechanical range/viewfinders skyrocket in what looks like the coming era of the "EVF Leica M?" Probably, and Leica could always offer special edition all-mechanical Leica M's at (you guessed it) extra cost!
 
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The mechanical rangefinder is the USP of the M-cameras, and the thing that sets them apart from pretty much every other mirrorless camera on the market today, so I'm guessing that this is click-bait. If, on the off-chance that I'm wrong, and something like this ugly duckling ever saw the light of day then my guess is that it would probably be badged as a special limited edition or an updated CL, but I doubt that it will get made. My guess is that the next big jump is going to be an M12, which I think will be the M11 with added IBIS.
 
How to turn your rangefinder into a DSLR! :)

the advantages of a rangefinder are lost:

seeing outside the frames & viewing the scene with everything in focus to anticipate ‘the decisive moment’

The key will be the implementation/execution of a digital rangefinder patch. (Fujifilm tried this but IMHO I found it to be well short of usable.)
 
I saw it mentioned elsewhere but it sounded like some people just wanted a native M Mount camera without the RF vs having to say buy a Leica L mount camera and be stuck with adapters. Something like a Fuji XE-4 type camera. I know about the RF experience, but from using other mirrorless cameras, I had no issues with EVF + focusing peaking.
 
How to turn your rangefinder into a DSLR! :)

the advantages of a rangefinder are lost:

seeing outside the frames & viewing the scene with everything in focus to anticipate ‘the decisive moment’

The key will be the implementation and how well they execute a digital rangefinder patch. (Fujifilm tried this but IMHO I found it to be well short of usable.)
My mentor taught me Rule #1 abut reporting on anything--don't say squat abut the fire until you actually see the fire. Whether or not you'll be able to see the area beyond the frame lines on the Leica M11-V's EVF depends on its execution. Also, while the advantage of being able to see outside the frame lines is genuine, IMHO it is often overstated. The last time I looked there were lots of great "decisive moment" pictures captured with SLRs.
 
Certainly decisive moments can be taken with any camera, just referencing the decades-old RF argument, as opposed to arguing the validity of said argument. 🙂

I’m curious though how a through-the-lens viewing system can have a wider view than the lens provides…🤔 Thoughts?
 
Constant-magnification EVF seems like it would need dedicated sensor + optics, such as a Xiaomi camera module. But I imagine folks might really enjoy being able to choose 0.58x, 0.72x, 0.85x or 0.9x on a whim.
 
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I’m curious though how a through-the-lens viewing system can have a wider view than the lens provides…🤔 Thoughts?
Very easily if you essentially crop the sensor and instead of blacking out the crop in the viewfinder just add framelines.

A number of Sigmas when shooting a non-native AR give you the option of blacking out that area or making it a darker/transparent. That lets you see a wider view than what is being shot.
 
Whether it happens or not, I have zero interest in this camera. Haven't had much interest in the M11 either.

The notion that Leica could make M-mount lenses without RF coupling is a bit scary, and it's a definition breaker ... I mean, after all, M-mount presupposes a rangefinder coupling, modulo those few lenses at the extreme wide end of the spectrum where any focus coupling is unnecessary.

G
 
Very easily if you essentially crop the sensor and instead of blacking out the crop in the viewfinder just add framelines.

Using an M4 for example, the 35mm framelines are pretty much at the far edges of the viewfinder.

Doing some math, the 50mm frames therefore occupy only 49% of the area of the viewfinder; i.e., more than half of the viewfinder area is outside the framelines. Similarly 90mm frames only occupy 15% of the viewfinder area....

The optical viewfinder of an M4 with these two focal lengths shows a greater field of view than the lenses do.

An EVF cannot use a 50mm lens to create a wider view (e.g., 35mm lens equivalent) to replicate the optical viewfinder’s ability to show outside the framelines.

Assuming this rumored camera is a 135 format sensor so as to be compatible with 100 years of lenses designed for a 135 format image circle, I can't see how it's possible for the EVF to do anything but act like a DSLR EVF where whatever lens is attached fills the viewfinder completely.
 
An EVF cannot use a 50mm lens to create a wider view (e.g., 35mm lens equivalent) to replicate the optical viewfinder’s ability to show outside the framelines.

Assuming this rumored camera is a 135 format sensor so as to be compatible with 100 years of lenses designed for a 135 format image circle, I still can't see how it's possible for the EVF to do anything but act like a DSLR EVF where whatever lens is attached fills the viewfinder completely.

It would go the other way, the 50 would give you the ability to see outside of the framelines on a '75' or '90'mm or longer framelines. Leica is already doing this in the Q3.

Screenshot 2025-06-04 at 7.01.58 PM.jpg
 
It would go the other way, the 50 would give you the ability to see outside of the framelines on a '75' or '90'mm or longer framelines. Leica is already doing this in the Q3.

View attachment 4868830

How would the Q solution work with M lenses wider than 28mm ? I believe the widest M lenses are 9 or 10mm, would the EVF have to show this field of view and a frame for all longer lenses ?.
 
Well yes, Q-style digital cropping is a given, especially with a 60mp sensor, there are lots of megapixels to play with.

The Fuji X100VI with 40mp does this too.

But there won't be attaching a 50 for example, and seeing outside this area, as with optical rangefinders.
 
A CL equivalent camera with a 2025 EVF, M mount and a 24x36mm sensor would be fine by me. Framelines or an electronic rangefinder patch are unnecessary. I am hopeful, although Leica often finds a way to disappoint me.

I should add that the most important thing to me is that it is fast. As close to zero shutter lag is possible, like a film M. The CL digital is really fast, so Leica can do it. A mechanical shuttered camera where the shooting sequence is close-reopen to expose and close again is s l o w.
 
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How would the Q solution work with M lenses wider than 28mm ? I believe the widest M lenses are 9 or 10mm, would the EVF have to show this field of view and a frame for all longer lenses ?.
You tell it the focal length of the lens and what framelines you want and it does the rest.
 
Well yes, Q-style digital cropping is a given, especially with a 60mp sensor, there are lots of megapixels to play with.

The Fuji X100VI with 40mp does this too.

But there won't be attaching a 50 for example, and seeing outside this area, as with optical rangefinders.
No, but for those that care about that they would put a 35mm on it and have 50mm framelines that see outside of the framing. Or they give it enough magnification that you shoot with both eyes open.
 
Bear in mind that digital crop sacrifices a lot of resolution compared to using the actual focal length.

With a 28mm lens…
- Cropped to 50mm: Approximately 18.8mp
- Cropped to 75mm: Approximately 8.4mp
 
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