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HomeBusinessCanon Eyes Significant Expansion of Core Business in India, Alongside Strengthening Industrial and Medical Business

Canon Eyes Significant Expansion of Core Business in India, Alongside Strengthening Industrial and Medical Business

11 June 2024: Highlighting India’s crucial role in its global growth strategy, Canon has announced its outlined plans for strengthening its core business segments of imaging, printing, and surveillance, along with growing presence in Semiconductor, Flat Panel Display business and the medical industry. Reaffirming the brand’s commitment to India, these announcements were made during Canon’s strategy meet in Mumbai, attended by key global leadership.

In the industrial equipment business, Canon has a wide range of Semiconductor Lithography Equipment and Flat Panel Display Lithography Equipment. Canon aims to introduce state-of-the-art lithography solutions and emphasize eco-friendly practices, backed by superior customer service to India. Additionally, beyond equipment provision, Canon’s commitment to India’s industry extends to talent development as well. On the other hand, with respect to healthcare, Canon has a comprehensive portfolio of advanced medical products and solutions from diagnostic imaging systems and healthcare IT solutions.

Speaking on the occasion, 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 (P) 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.”

Commenting on the Semiconductor and Flat Panel Display industry, 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.”

Sharing insights on the expansion of medical business, Koh Yamada, President, Canon Medical Systems India (P) Ltd. said, “Canon Medical Systems India (P) 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.”

The brand has established a strong footprint in the digital imaging industry, as an end-to-end solutions provider, having diversified into new markets, broadening its product range and asserting its leadership across customer segments. In the camera segment, Canon has retained its No.1 share in Digital Interchangeable Lens Camera (DILC) global market for 21 consecutive years. Canon further endeavors to expand its imaging business by broadening the conventional camera industry to include comprehensive offerings like video management and video analytics. Similarly, in the printing business, Canon aims to become the global leader in office and home printing by aligning with modern remote working lifestyles and leading digital transformation in the office, through its innovative modern solutions.

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