The Leica Q3 43 is a compact camera measuring 130 × 80.3 × 98 mm and weighing 772 g, with a volume of 1023.022 cm³. It features a weather-sealed body rated for operating temperatures between 0 °C and 40 °C, and ships with a lens hood included. For framing, the camera offers both a 3″ flip-out touchscreen with a resolution of 1843.2k dots and a high-resolution electronic viewfinder with 5760k dots, 100% coverage, and a maximum refresh rate of 120 fps; there is no tilting viewfinder. A hot shoe is present for attaching external flash units, as the camera has no built-in flash. The camera is not a system camera, meaning it does not support interchangeable lenses.
The camera uses a full-frame 60.3 MP back-illuminated CMOS sensor — not a stacked design — with a maximum ISO of 100000 and exposure times reaching up to 120 s. The fixed lens has a focal length of 43 mm, a widest aperture of f/2, and a smallest aperture of f/16, with rounded aperture blades, a silent built-in focus motor, and a minimum focus distance of 0.27 m; it can also focus to infinity. Autofocus relies on a 315-point phase-detection system that supports AF tracking, touch autofocus, and full-time manual focus override, while built-in optical image stabilization is present though sensor-shift stabilization is not. The mechanical shutter reaches a fastest speed of 0.0005 s with a matching flash sync speed, while the electronic shutter tops out at 1/16000 s (6.25E-5 s). Continuous shooting is available at 15 fps via the two-stage shutter and burst mode, and full manual control extends to shutter speed, ISO, exposure, and white balance.
The camera records video at up to 4320p at 30 fps with a movie bitrate of 300 Mbps, and also supports a 24p cinema mode, slow-motion recording, and a timelapse function. Autofocus during video capture is handled by a phase-detection system with continuous AF active throughout recording. For audio, the camera includes two built-in stereo microphones alongside a dedicated microphone input and a 3.5 mm headset jack, allowing for external audio sources as well.
The camera is powered by a removable and rechargeable 2200 mAh battery rated for approximately 350 shots per charge under CIPA standards, with a battery level indicator included to keep track of remaining power.
The camera runs on the Maestro IV processor and supports RAW file capture, though lossless compressed RAW is not available. It offers a single external memory slot rather than dual card slots. Wireless connectivity covers Wi-Fi 5 (802.11ac) and Wi-Fi 4 (802.11n) alongside Bluetooth 5, with smartphone remote control supported; NFC and GPS are not present. Wired connections include a USB Type-C port and an HDMI output, while the hot shoe is a standard type without advanced functionality. First-party live streaming is not supported, and the camera does not include an advanced hot shoe.
The camera uses a USB 3.2 connection and supports wireless charging.