The market is dominated by domestic suppliers, as imports account for 34.2% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. India has the seventh largest market size for optical instruments and photographic equipment regionally, with demand reaching USD2.3 billion in 2023. Barco Electronic Systems Pvt Ltd is the largest company in India, generating 4.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 9.3% of total production value in 2023. The total number of companies decreases in 2023, to 26,253 units. The costs of the industry increase by 0.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 1.8% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 22.0% of total production output. With production value of USD1.6 billion, India accounts for 3.3% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in India: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in India: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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