Archive · 28 Sep 2026
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.
Canon India expects semiconductor manufacturing growth in India to create equipment opportunities over the next one to two years.
The company is diversifying into surveillance, medical imaging and industrial printing alongside its traditional imaging businesses.
Canon India’s surveillance and security business grew 43% in 2025 and is expected to expand 40–50% annually.
Wedding photography accounts for about 60% of India’s full-frame camera market, according to Canon India.
Canon India reported a 31% share of India’s digital interchangeable-lens camera market in 2025.
- Who
- Canon India, led by President and CEO Toshiaki Nomura.
- What
- Canon India is seeking semiconductor-equipment opportunities while expanding several businesses beyond printing and imaging.
- When
- The opportunity is expected to develop over the next one to two years; the report was published on September 28, 2026.
- Where
- India, including its emerging semiconductor-manufacturing sector.
- Why
- Canon India wants to diversify its business, while India’s developing fabrication capacity may create demand for semiconductor-production equipment.
- 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.