Japanese imaging and optical major Canon is actively supporting India's semiconductor manufacturing ecosystem through technology partnerships and service infrastructure. According to Business Standard, India President & CEO Toshiaki Nomura revealed that Canon has discussed with all key semiconductor manufacturers currently engaged in projects under development in India. The company, which supplies lithography systems used in semiconductor manufacturing, plans to bring its technology and service centres to India once projects are confirmed. "Now everybody knows semiconductor manufacturing is the buzzword in India. We have a lithographic machine to produce those chips... We bring our technologies to help assist the chip manufacturer to produce chips in India," Nomura told PTI. The company expects to establish 24x7 support infrastructure for chip manufacturers once projects are confirmed, with Nomura expressing confidence that India's semiconductor ecosystem will be available in the near future.
Japanese imaging and printing solutions provider Canon is planning a significant expansion of its retail network in India, targeting more than 10,000 active resellers by 2027. According to reports from PTI, India President & CEO Toshiaki Nomura stated that India is one of the focused markets globally for Canon, with the company recording double-digit growth every year. The current reseller network operates around 6,000 active resellers and aims to expand across 700 cities nationwide. Nomura emphasized that the expansion is critical as demand emerges from smaller cities, with the traditional reseller channel currently insufficient to reach customers where demand is arising. "As demand emerges from smaller cities, channel expansion becomes critical. We currently have around 6,000 active resellers and are targeting more than 10,000 active resellers nationwide by the end of next year," Nomura told PTI.
The company has demonstrated robust financial performance with total revenue of ₹3,623.8 crore in 2025, representing a 6.33% increase year-on-year. However, as reported by PTI citing business intelligence platform Tofler, net profit declined 24% to ₹82.1 crore during the same period. Despite this profit decline, Canon has maintained double-digit growth across all core businesses including cameras, printers, multifunction devices, and production machines over recent years. Nomura told PTI that the company has been posting double-digit growth in all its core products from cameras and printers to multifunction devices and production machines over the past few years. "We are constantly growing at double-digit rates every year," Nomura said, adding that the company aims to sustain this growth pace.
Canon currently holds more than 30% market share in India and expects this to expand further. According to reports from PTI, the company is betting on rising demand from smaller cities, content creators, enterprises, and government institutions to drive growth in its printing business. Nomura said demand is rising faster in Tier 2, 3 and 4 cities, with consumers, education, government, manufacturing, and MSME segments driving this growth across Canon's printing portfolio. "The emerging demand is growing up for tier II, III and IV markets," Nomura said, adding that the company is "trying to go deeper in the market" to reach customers where demand is arising. The printing portfolio spans small printers, multifunction copier devices and large production machines, all of which are equally growing at fast pace, as reported by PTI.
In the imaging segment, Canon sees significant growth potential driven by cinema, OTT platforms, and content creators from big studios to small aspirational creators. As reported by PTI, Nomura highlighted that there is a huge opportunity in India's imaging market, where Canon competes with Japanese rivals such as Nikon, Fujifilm and Sony. The growth is driven by cinema, OTT platforms and content creators, with many wanting to upgrade from smartphones to cameras. "Many of the youth want to upgrade their imaging quality from the smartphone to a camera. So this is a new arising opportunity," Nomura said. The imaging market is moving toward mirrorless cameras from traditional DSLRs, with demand extending beyond still photography to videography requirements. "So we take the approach to catering for both the requirements of still image and videography. So we focus on both," Nomura said. The company sees growth potential from professional to the aspirational content creator, representing diverse customer segments for significant growth.
Beyond traditional retail channels, Canon is pursuing an omni-channel strategy including e-commerce platforms, quick-commerce channels, and its own online store. According to PTI, Nomura said the company expects both offline and online channels to grow simultaneously, as each serves different customer requirements. Offline channels provide product consultation and customer engagement, while digital platforms offer wider reach. "Offline channels provide product consultation and customer engagement, while digital platforms offer wider reach. We see both channels growing together," Nomura said. The company currently operates 60-70 Canon Image Square outlets across the country, focusing on improving customer experience rather than merely increasing store count. Additionally, Canon is exploring growth opportunities in newer segments such as surveillance and security solutions, medical diagnostic equipment, and semiconductor manufacturing equipment. "Besides its core imaging and printing businesses, Canon is exploring growth opportunities in newer segments such as surveillance and security solutions, medical diagnostic equipment and semiconductor manufacturing equipment," Nomura said. The company remains committed to bringing advanced technologies to India and creating additional value for customers as new growth opportunities emerge across industries.
