In this article, we will take a look at the 5 largest photography companies in the world. If you want to see more companies in this selection, go to the 16 Largest Photography Companies In The World.
5. Nikon Corp (TYO:7731)
2021 Revenue: $1.16 billion
Nikon Corp (TYO:7731) is a Tokyo, Japan-based manufacturer of optoelectronics and precision technologies. The company is globally known for its cameras and binoculars.
The company has a wide range of imaging products and an in-depth lineup of DSLRs, mirrorless, digital, speed lights, lenses, accessories, and photography-related software in its portfolio. Presently, Nikon Corp (TYO:7731) is in the process of developing a fast mid-telephoto prime lens and a slim wide-angle prime lens for mirrorless cameras. These lenses will expand the horizon of photography for the user and can be utilized in taking portraits at weddings and fashion-related events. Interestingly, Nikon Corp (TYO:7731) is also in the business of manufacturing semiconductor chips that are used in personal computers (PC) and smartphones.
4. Lifetouch
2021 Revenue: $1.5 billion
Lifetouch is an Eden Prairie, Minnesota-based photography company that has provided professional photography services to schools and families for over eight decades. The company functions as an operating unit of Redwood City, California-based Shutterfly, following its acquisition in April 2018.
Lifetouch is involved in various activities and events taking place at school that require professional photography services. The company offers toddler and infant professional photography services along with offering business headshot services. Lifetouch has JCPenney Portraits, Prestige Portraits, and PictureClix in its portfolio.
3. FUJIFILM Holdings Corporation (OTC:FUJIY)
2021 Revenue: $1.71 billion
FUJIFILM Holdings Corporation (OTC:FUJIY) is a Tokyo, Japan-based imaging company that was founded in 1934. The company is a provider of products and services for digital cameras and other imaging devices. The GFX and X Series are the flagship range of cameras manufactured by Fujifilm.
According to the Japanese Techno System Research, FUJIFILM Holdings Corporation (OTC:FUJIY) has the fourth biggest market share of 5.9% in the digital camera segment as of 2021. The cameras manufactured by Fujifilm have a strong focus on enhancing the image-making experience of the user. The company’s GFX Series*2 demonstrates FUJIFILM Holdings Corporation’s (OTC:FUJIY) color mastery with its dynamic range.
2. Canon Inc (NYSE:CAJ)
2021 Revenue: $5.11 billion
Canon Inc (NYSE: CAJ) is a Tokyo, Japan-based multinational company that specializes in the production of optical, photographic, and industrial items.
As of 2021, Canon Inc (NYSE: CAJ) has the biggest market share of 45.8% in the field of digital cameras, according to Japanese Techno System Research. Canon Inc (NYSE: CAJ) opened its new 52-acre headquarters in February 2013. The company was granted 3,022 patents in 2021 and was ranked third amongst the top companies that were issued US patents. Canon Inc (NYSE: CAJ) has been able to maintain one of the top five positions in patent approval for the last 36 years.
1. Sony Group Corporation (NYSE:SONY)
2021 Revenue: $8.44 billion
Sony Group Corporation (NYSE:SONY) produces a wide range of interchangeable lens cameras, camcorders, accessories, lenses, vlogs, and compact cameras. The AF Assist function in Sony Cameras creates a new shooting style that combines autofocus and manual focus for content creators.
According to the NPD Group, Sony Group Corporation (NYSE:SONY) sold the highest number of full-frame mirrorless cameras in the US and Canada in 2021. This was due to the Alpha 7 III model, which was the best-performing mirrorless camera in these countries in 2021. Meanwhile, according to Japanese Techno System Research, the company holds the second biggest market share of 27% in the digital camera segment as of 2021.
Here’s what Aristotle Capital Management, LLC, said about Sony Group Corporation (NYSE:SONY) in its Q3 2022 investor letter:
“Sony Group Corporation (NYSE:SONY), the global provider of video games and consoles, image sensors, and music, as well as movies, was a major detractor for the period. The share price of the company has struggled this year following its strong performance in 2021. Signs of a slowdown in the gaming industry (as people seem inclined to take on outdoor activities as pandemic fears have subsided), combined with sales of its PlayStation 5 that have been held up by a global parts shortage, have led to gaming‐related software sales falling more than 20% year‐over‐year. Rather than focusing on short‐term demand dislocations, we focus on the company’s ability to continue migrating videogame users toward the firm’s subscription offerings, as well as its capacity to leverage content across its video, music and gaming platforms. We are also impressed with the expansion of Sony’s Music segment, which has been supported by the pervasiveness of streaming services. Management’s ongoing work to improve the company’s TV and film studios is bearing fruit as well, with sales growing 67% year‐over‐year for its Pictures segment as its regional strategy has taken hold, including recent progress made toward solidifying a merger plan with India‐based Zee Entertainment. All of this is to say we remain excited by the oligopolistic nature of the businesses Sony operates in, and the future prospects for the company given its leadership in image sensors, music publishing and gaming consoles.”
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