Fortunately, we are now blessed with several cameras and great underwater housings that meet these criteria for the "best underwater camera". Whether you are looking for the best underwater camera for scuba diving or snorkeling, we are sure you will find it here. I'd also like to point out, that we define a compact camera as a camera with a fixed lens.
Another highly sought-after, and relatively exclusive, feature within the video camera realm is the ability to record in RAW or ProRes. These are uncompressed formats that maximize the information gathered by the sensor and provide you with extended flexibility when it comes to color grading and post-processing. As mentioned, this feature is quite an exclusive one and only available in a select few cameras on the market with good processors (again, excluding high-end cinema systems). Some select cameras can record in ProRes Raw with an Atomos Ninja V external recorder. Nauticam offers a housing for the Ninja V for use with your underwater system.