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Since the termination of the Nikonos series of underwater cameras in 2001, Nikon has not invested or contributed to using its cameras underwater.
This led to the rise of the "digital camera in a housing" concept and the majority of cameras used underwater these days are actually standard digital cameras with a dedicated housing.
While Nikon and Canon are very close competitors in the DSLR market, Nikon compacts are far less popular than Canon compacts. The Canon G12 was one of the most popular compacts for underwater use and so were the previous G series models.
With the release of the Fantasea FP7000 housing in 2011 the underwater compacts market had earned some serious competition from Nikon.
