1 hr ago

Canon India Targets Semiconductor Equipment Growth as Fabs Emerge

Canon India usually sells cameras, printers and imaging products.

It now sees a possible new business supplying machines for making computer chips in India.

This opportunity depends on India building more semiconductor factories.

Canon also wants to grow its security-camera, medical-imaging and industrial-printing businesses.

Its security business grew strongly in 2025.

Cameras still sell well in India, especially because of weddings.

Canon says younger people are also buying dedicated cameras for better photos and videos.

The company says some compact-camera demand is higher than its production capacity.

Key facts

Semiconductor opportunity: Canon India expects significant potential as semiconductor manufacturing develops in India.
Lithography competition: ASML dominates the global lithography market, while Canon also supplies lithography equipment.
Surveillance growth: Canon India expects its surveillance and security business to grow 40–50% annually.
2025 surveillance performance: The surveillance and security segment grew 43% in 2025 from the previous year.
Camera market share: Canon India estimates it held 31% of India’s digital interchangeable-lens camera market in 2025.
Wedding photography: About 60% of India’s full-frame camera market is linked to wedding photography, according to Canon India.
Other growth areas: Medical imaging and industrial printing, particularly labels and packaging, are expected to expand.

thehindubusinessline.com · 1 hr ago