Industry Statistics and Trends
Optical & Photographic Equipment Manufacturing in Europe key trends
Demand from the scientific and medical technology sector is growing.
A rise in chronic diseases and people living longer is amplifying demand for healthcare devices and medical technology.
Photographic equipment faces fierce competition from smartphones.
Fewer people are buying digital cameras because most can take high-resolution photos and videos with their smartphones.
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Optical & Photographic Equipment Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Optical & Photographic Equipment Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated €20.1bn in 2024.
Trends and Insights
Growing medical and scientific sector demand is driving the expansion of optical instruments
- Increased use of optical systems in medical devices and diagnostics is boosting demand for optical instruments and lenses.
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Optical & Photographic Equipment Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
European manufacturers are aiming to tap into new foreign markets
- Tapping into new markets is at the heart of the industry’s strategy for sales growth. With demand for equipment in Europe already fairly well covered, manufacturers will target new customers for their products abroad.
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Revenue
€20.1bn
Employees
93,282
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Optical & Photographic Equipment Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Carl Zeiss AG | 9,860.0 | 1,843.1 | 18.7 | |
IPG Photonics Corporation | 1,300.4 | 241.5 | 18.6 | |
EssilorLuxottica SA | 29,831.6 | 3,478.5 | 11.7 |
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Optical & Photographic Equipment Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Optical & Photographic Equipment Manufacturing industry in Europe in 2024?
The market size of the Optical & Photographic Equipment Manufacturing industry in Europe is €20.1bn in 2024.
How many businesses are there in the Optical & Photographic Equipment Manufacturing in Europe industry in 2024?
There are 3,065 businesses in the Optical & Photographic Equipment Manufacturing industry in Europe, which has grown at a CAGR of 0.4 % between 2019 and 2024.
Has the Optical & Photographic Equipment Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Optical & Photographic Equipment Manufacturing industry in Europe has been declining at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Optical & Photographic Equipment Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Optical & Photographic Equipment Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Optical & Photographic Equipment Manufacturing market in Europe?
The biggest companies operating in the Optical & Photographic Equipment Manufacturing market in Europe are Carl Zeiss AG, IPG Photonics Corporation and EssilorLuxottica SA
What does the Optical & Photographic Equipment Manufacturing in Europe include?
Optical components and parts and Parts and accessories are part of the Optical & Photographic Equipment Manufacturing industry.
Which companies have the highest market share in the Optical & Photographic Equipment Manufacturing in Europe?
The company holding the most market share in Europe is Carl Zeiss AG.
Which countries have the most businesses in the Optical & Photographic Equipment Manufacturing industry in Europe?
The European country with the most businesses in the Optical & Photographic Equipment Manufacturing industry is Germany.
How competitive is the Optical & Photographic Equipment Manufacturing industry in Europe?
The level of competition is high and increasing in the Optical & Photographic Equipment Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Optical & Photographic Equipment Manufacturing in Austria
- Optical & Photographic Equipment Manufacturing in France
- Optical & Photographic Equipment Manufacturing in Norway
- Optical & Photographic Equipment Manufacturing in Switzerland
- Optical & Photographic Equipment Manufacturing in the UK
- Optical & Photographic Equipment Manufacturing in Sweden
- Optical & Photographic Equipment Manufacturing in Slovenia
- Optical & Photographic Equipment Manufacturing in Bulgaria
- Optical & Photographic Equipment Manufacturing in Luxembourg
- Optical & Photographic Equipment Manufacturing in Czechia
- Optical & Photographic Equipment Manufacturing in Serbia
- Optical & Photographic Equipment Manufacturing in Italy
- Optical & Photographic Equipment Manufacturing in Turkey
- Optical & Photographic Equipment Manufacturing in Latvia
- Optical & Photographic Equipment Manufacturing in Bosnia & Herzegovina
- Optical & Photographic Equipment Manufacturing in Greece
- Optical & Photographic Equipment Manufacturing in Romania
- Optical & Photographic Equipment Manufacturing in Slovakia
- Optical & Photographic Equipment Manufacturing in Denmark
- Optical & Photographic Equipment Manufacturing in Poland
- Optical & Photographic Equipment Manufacturing in Ireland
- Optical & Photographic Equipment Manufacturing in Estonia
- Optical & Photographic Equipment Manufacturing in Europe
- Optical & Photographic Equipment Manufacturing in Spain
- Optical & Photographic Equipment Manufacturing in Portugal
- Optical & Photographic Equipment Manufacturing in Lithuania
- Optical & Photographic Equipment Manufacturing in the Netherlands
- Optical & Photographic Equipment Manufacturing in Belgium
- Optical & Photographic Equipment Manufacturing in Hungary
- Optical & Photographic Equipment Manufacturing in Finland
- Optical & Photographic Equipment Manufacturing in Croatia
Table of Contents
About this industry
Industry definition
This industry manufactures optical instruments, lenses and photographic equipment, including cameras, light metres, lasers and binoculars. Lenses are also coated, polished and used in this industry. It doesn’t involve manufacturing optical products, televisions or video cameras.
Related Terms
LASERLASER BEAMPHOTONICSULTRASONICWhat's included in this industry?
Optical components and partsParts and accessoriesLasers and other optical devicesAnalysers and measuring instrumentsCameras and parts for camerasCompanies
Carl Zeiss AGIPG Photonics CorporationEssilorLuxottica SAIndustry Code
267 - Manufacture of optical instruments and photographic equipment in Europe
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Performance
Key Takeaways
Growing medical and scientific sector demand is driving the expansion of optical instruments
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Optical & Photographic Equipment Manufacturing in Europe industry (2011 -2029)
- Employees in the Optical & Photographic Equipment Manufacturing in Europe industry (2011 -2029)
- Business in the Optical & Photographic Equipment Manufacturing in Europe industry (2011 -2029)
- Profit in the Optical & Photographic Equipment Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Optical & Photographic Equipment Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Optical & Photographic Equipment Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Optical & Photographic Equipment Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Optical & Photographic Equipment Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Medical devices rely on laser technology. The medical technology industry is a key optical and photographic equipment manufacturer market. Laser technology enables precise cutting in minimally invasive surgeries and in medical imaging.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Optical & Photographic Equipment Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Optical & Photographic Equipment Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Optical & Photographic Equipment Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Specialisation helps companies consolidate. The industry is filled with small and medium-size companies that specialise in specific product types, like lenses, prisms and laser systems. Specialising in certain product types and niche segments can secure higher profit.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 9 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Carl Zeiss AG
- Countries of operation for IPG Photonics Corporation
- Countries of operation for EssilorLuxottica SA
- Countries of operation for Leica Camera AG
- Countries of operation for Nikon Instruments Europe BV
- Countries of operation for ARRI AG
- Countries of operation for Victor Hasselblad AB
- Countries of operation for Flir Systems Estonia OÜ
- Countries of operation for Gestione Silo SRL
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Strict regulations ensure products meet quality and safety standards. Optical instruments and lasers have to follow RoHS Directives around hazardous substances in electrical and electronic equipment. Other regulations include radiation protection legislation and the General Product Safety Directive.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Optical & Photographic Equipment Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Establishing stable supply lines and procuring materials impact profit. Fluctuations in the price of optical and electronic components and supply chain disruptions can inflate production costs, weighing on profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Optical & Photographic Equipment Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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