Canon, a global leader in imaging and optical products, has announced ambitious plans to expand its core business segments in India, focusing on imaging, printing, and surveillance. This strategic move highlights India’s pivotal role in Canon’s global growth strategy. During a recent strategy meet in Mumbai, attended by key global leadership, Canon reaffirmed its commitment to India and outlined its plans to also strengthen its presence in the semiconductor, flat panel display, and medical industries.
Industrial Equipment: Advanced Lithography Solutions
In the industrial equipment sector, Canon plans to introduce state-of-the-art Semiconductor Lithography and Flat Panel Display Lithography Equipment in India. These advanced solutions will be coupled with a strong emphasis on eco-friendly practices and superior customer service. Canon’s commitment goes beyond merely providing equipment; it extends to talent development in India, ensuring a skilled workforce to support these high-tech industries.
Healthcare: Expanding Medical Solutions
Canon is also focusing on bolstering its rapidly growing medical business in India. With a comprehensive portfolio of advanced medical products and solutions, including diagnostic imaging systems and healthcare IT solutions, Canon aims to address the healthcare needs of the Indian market more effectively. This move is part of Canon’s broader strategy to tap into the burgeoning medical industry in India.
Imaging Business: Broadening Horizons
Canon has established a strong presence in the digital imaging industry as an end-to-end solutions provider. The company has diversified into new markets, broadened its product range, and asserted its leadership across various customer segments. In the camera segment, Canon has maintained its No.1 share in the Digital Interchangeable Lens Camera (DILC) global market for 21 consecutive years. Canon aims to expand its imaging business further by integrating video management and video analytics into its offerings, thereby broadening the conventional camera industry.
Printing Business: Embracing Digital Transformation
Canon aims to become the global leader in office and home printing. By aligning with modern remote working lifestyles and leading digital transformation in offices, Canon plans to offer innovative solutions that cater to contemporary needs. This strategy is expected to strengthen Canon’s position in the printing market, making it a key player in both home and office environments.
Surveillance: Comprehensive Solutions Provider
Canon’s surveillance and broadcast range of solutions have received positive responses from customers. The company aims to strengthen its position as a one-stop surveillance solution provider. By expanding its surveillance offerings, Canon seeks to provide comprehensive and reliable solutions to meet the growing demand in this sector.
Speaking on the occasion, Mr. Howard Ozawa, Executive Vice President of Canon Inc., Chief Representative of Canon Asia Group, Chairman & CEO of Canon Marketing Asia, said, “As Canon continues to etch its global legacy across diverse domains, we recognize that India stands at the heart of our strategic ambitions. With a rich heritage of innovation and a commitment to excellence, Canon has become synonymous with cutting-edge imaging technology. India’s dynamic economy, vibrant culture, and tech-savvy population make it a critical market for Canon. And our existing segments (managed by Canon India Pvt. Ltd.), be it cameras, printers, or office solutions have thrived here, driven by the trust and loyalty of Indian consumers. India remains a beacon of opportunity for us and recognizing the immense potential that the market holds, we are aiming to strengthen the semiconductor and medical business. At Canon, we are committed to empowering customers through high quality and performance-based technology that meets their specific needs. As Canon’s legacy meets India’s boundless potential, we hold an optimistic vision for Canon India to emerge as the leading company in the region by 2035, thereby propelling Canon Asia to secure its position as the top sales region globally.”
Commenting on the Semiconductor and Flat Panel Display industry, Mr. Kazunori Iwamoto, Advisory Director, Deputy Chief Executive of Optical Products Operations, Unit Executive of Semiconductor Production Equipment Unit of Canon Inc. said, “In the semiconductor business in India, we aim to introduce our advanced skillsets and knowledge to India, taking advantage of our over 50 years history in the exposure equipment business. Canon provides a variety of manufacturing solutions for the cutting-edge electronics industry. Our latest technology, called Nanoimprint lithography equipment, imprints a pattern on a mask onto a wafer to form a fine pattern. Compared to the conventional optical exposure tool, it has a simple configuration without complex optics and high power EUV, and the electric power consumption is only 1/10. In addition, not only by our cutting-edge technology and wide range of products, but also by developing talents through our global training curriculum, we will contribute to India’s semiconductor industrial growth.”
Sharing insights on the expansion of medical business, Mr. Koh Yamada, President, Canon Medical Systems India Pvt. Ltd. said, “Canon Medical Systems India Pvt. Ltd. is a subsidiary of Canon Medical Systems Corporation in Japan. Canon Medical Systems has a comprehensive portfolio of advanced medical imaging from diagnostic and interventional imaging systems to healthcare IT solutions for the wider healthcare enterprise. Recognized as a world leader in innovation, Canon Medical Systems continues to develop breakthrough technology and applications including using AI, to support diagnostic imaging and therapeutic needs, all while optimizing patient outcomes. We understand that more and more people are suffering from non-communicable, life-style diseases such as cardiovascular diseases, cancer, and diabetes, and hope that our unique technologies can contribute and help medical professionals better deal with them. In India, Canon Medical Systems aim to provide our customers with higher quality services as a priority.”
Canon’s expansion plans in India signify a robust strategy to leverage the country’s market potential across various segments. By focusing on advanced technologies in industrial equipment, healthcare solutions, and expanding its core businesses in imaging, printing, and surveillance, Canon is poised to reinforce its leadership and drive significant growth in the Indian market.
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