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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Which is why if 'seeing outside the frame' is important you would use a focal length one step down, not a bunch.

And if they could add the handheld high resolution mode of the Panasonics you would have a huge amount of resolution to start with.
 
I don’t see a Q approach working - a 35mm lens (say) can’t provide a 28mm FOV to crop from. (I run my Q2M mostly in 35mm crop mode, partially because of the floating framelines.)

I for one anxiously await an EVF only M mount body with the finder in the proper place. I probably won’t be able to afford one, though.
 
A hybrid viewfinder would seem better than just an EVF on an M camera. The whole concept of using any EVF on a Leica Rangefinder Camera seems aimed at increasing focal length options, both wider and longer. Same with the Visoflex option. But if they switch to an in-camera EVF with no optical viewfinder/RF patch and frames lines for traditional focal length lenses on the next M camera model, Leica would be undoing the concept and legacy of their rangefinder camera system. Besides, there are the SL, S, and Q camera systems that cover the EVF, Autofocus, image stabilization and options to use very long telephoto lenses, and other features. I don't see the logic in omitting the optical VF.
 
If I want this experience, I can buy a Nikon Z (or your preferred FF mirrorless camera) and an adapter.

If I ever buy another Leica, it will be a Q, but realistically, I think my M 240 is looking better every day even with my battery creebing ;)
 
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.
This is one of the reasons why I recently got a SL2-S, after years of thinking and thinking about a mirrorless M9 alternative. The caveat of the mirrorless approach is that even Leica's SL cameras are not perfecty optimized for M mount lenses. They are better than any other mirrorless bodies, but still not quite as good as a M.

The only mirrorless camera with this in mind was the Ricoh GXR M module - as an aside, I was just looking at some images from the GXR-M and was very surprised at how well their look and colours matched with M9 images, despite having a CMOS sensor. Ricoh hit some special sauce with that module, but it just didn't get enough traction for other reasons.

If Leica produces a mirrorless M mount body that is optimized for M glass exactly like their RF cameras, this could grab a decent niche of people.
 
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.
Having to use adapters also has benefits of potentially having closer focus if one uses an adapter with a helicoid in it. And for some systems adapters even add AF for times that would be helpful.

Make the EVF high enough resolution and large enough magnification and focus aids like peaking and zooming in are superfluous. On my S1R with DK-17M I can focus faster and more accurately with the finder alone than with peaking. Peaking also tends to work better on cameras with IBIS since camera movement blurs contrast/edges for the peaking to highlight.
 
This is one of the reasons why I recently got a SL2-S, after years of thinking and thinking about a mirrorless M9 alternative. The caveat of the mirrorless approach is that even Leica's SL cameras are not perfecty optimized for M mount lenses. They are better than any other mirrorless bodies, but still not quite as good as a M.

The only mirrorless camera with this in mind was the Ricoh GXR M module - as an aside, I was just looking at some images from the GXR-M and was very surprised at how well their look and colours matched with M9 images, despite having a CMOS sensor. Ricoh hit some special sauce with that module, but it just didn't get enough traction for other reasons.

If Leica produces a mirrorless M mount body that is optimized for M glass exactly like their RF cameras, this could grab a decent niche of people.
The Ricoh GXR M module was APS-C not full frame, and there was no EVF only the back screen - I tried one of these for a while en route from film to digital but didn't enjoy the shooting experience.

Irrespective of the question of whether you could actually create an EVF system that would allow you to see things happening just outside of the image capture frame, you also lose the ability with an EVF to see the whole scene in focus, particularly if you're working at wider apertures.
 
Personally I like the idea of an EVF Leica M to round out the line, but it really wholly depends on the execution of the manual focus experience.

Can a digital split image or digital rangefinder patch work that well in practice? Or will those ideas be discarded in favor of the usual high res EVF and peaking/magnification?

With an optical viewfinder/rangefinder one can instantly determine which way to turn the lens to obtain focus; with an EVF if the lens was previously used at close focus for example, bring the camera up to your eye for an infinity shot and all you see is an amorphous blob in the EVF (or the reverse situation where the lens is set to infinity trying to take a close-up.)

This is what happens to me with my Nikon Z6 for which I have no native lenses.

When I had (multiple) variants of the Fuji X100 I never used the optical viewfinder, but the difference there is autofocus. So their attempts at a usable digital rangefinder (Fuji offers a split image approximation) were superfluous.

A Leica M with an EVF ideally would work in some fashion with L mount AF lenses.
 
Personally I like the idea of an EVF Leica M to round out the line, but it really wholly depends on the execution of the manual focus experience.

Can a digital split image or digital rangefinder patch work that well in practice? Or will those ideas be discarded in favor of the usual high res EVF and peaking/magnification?

With an optical viewfinder/rangefinder one can instantly determine which way to turn the lens to obtain focus; with an EVF if the lens was previously used at close focus for example, bring the camera up to your eye for an infinity shot and all you see is an amorphous blob in the EVF (or the reverse situation where the lens is set to infinity trying to take a close-up.)

This is what happens to me with my Nikon Z6 for which I have no native lenses.

When I had (multiple) variants of the Fuji X100 I never used the optical viewfinder, but the difference there is autofocus. So their attempts at a usable digital rangefinder (Fuji offers a split image approximation) were superfluous.

A Leica M with an EVF ideally would work in some fashion with L mount AF lenses.

(bolded) What I've been saying for some time: An M-sized camera with an L-mount, a good EVF, and an M-Adapter-L included would make perfect sense in Leica's product line-up ... Essentially a digital CL upgraded to a FF sensor and a better EVF. Style it to look like an M camera if that's what people crave. Gives you the greatest number of options (compatibility with your M lenses, your R lenses if you choose the R Adapter L, and L lenses, full operation. The EVF can include some kind of rangefinder simulation should Leica want to be clever about it ... But it's not a rangefinder camera, and therefore not an M. Why confuse the product identities with assigning M to an EVF camera minus an optical rangefinder mechanism?

Personally, when I want/need a TTL view, I just stick the Visoflex 020 accessory finder onto either my M10-M or M10-R and it does a fine job. I use it a lot whenever precision framing or very critical focus or long lenses are required. I wouldn't want an M that didn't have an optical rangefinder in it, or M lenses that didn't have a rangefinder coupling ... but I would be tempted to buy a "CL EV Plus" as described above.

G
 
This is one of the reasons why I recently got a SL2-S, after years of thinking and thinking about a mirrorless M9 alternative. The caveat of the mirrorless approach is that even Leica's SL cameras are not perfecty optimized for M mount lenses. They are better than any other mirrorless bodies, but still not quite as good as a M.

The only mirrorless camera with this in mind was the Ricoh GXR M module - as an aside, I was just looking at some images from the GXR-M and was very surprised at how well their look and colours matched with M9 images, despite having a CMOS sensor. Ricoh hit some special sauce with that module, but it just didn't get enough traction for other reasons.

If Leica produces a mirrorless M mount body that is optimized for M glass exactly like their RF cameras, this could grab a decent niche of people.

We Pentaxians prefer the term "pixie dust."
 
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.
Not sure that the rumored M11-V is click bait for anyone but the sites spreading the rumor. There are many potential technical advantages to "electronic frame lines" when it comes to framing accuracy, close focusing, and visibility, but the visceral experience of shooting with a traditional Leica M is hard to beat. An M12 with IBIS sounds enticing, but we may not see one until 2027. Leica will release the M11-V much sooner than that, but only if they think it can turn a profit--what a radical concept.
 
For me the optical finder is the reason to buy a digital M otherwise I can use the same M lenses on the SL3, Sony, Nikon etc with an AF adapter. But I can see Leica looking into the future because not all digital users came from film M cameras and many have no idea how to use a rangefinder. I won’t diss it until I have tried it. And there is no indication Leica will stop making rangefinders.
 
I have seen it by myself, not all of the people are able to focus with rangefinder.
And I have seen posts and videos with reduculous statement of RF callibration needed for digital M once a year or so. Some can't handle precise mechanics at all.

And obviosly M lenses are best on M mount and on M sensor.

It will be good addition. As long as it doesn't became replacement of RF.

EVF is dirt cheap to made and it matches its cost by its functionality.
For some of us...
 
The Ricoh GXR M module was APS-C not full frame, and there was no EVF only the back screen - I tried one of these for a while en route from film to digital but didn't enjoy the shooting experience.
Technically, the GXR did have an EVF, a clip on that was barely enough to frame and focus. Nothing like the EVF's of today, but it was just manageable. Which reminds me, my GXR could do with some exercise.
 
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