The market is dominated by foreign suppliers, as imports account for 53.9% of total market size in 2022. B2B drives market demand, with B2B spending representing 100% of total demand in 2022. India has the eighth largest market size for optical instruments and photographic equipment regionally, with demand reaching USD1.7 billion in 2022. Barco Electronic Systems Pvt Ltd is the largest company in India, generating 4.2% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 9.0% of total production value in 2022. The total number of companies increases in 2022, to 21,841 units. The costs of the industry increase by 2.9% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 2.7% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 28.6% of total production output. With production value of USD933 million, India accounts for 1.9% of the Asia Pacific total in 2022.
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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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