Canon Inc headquarter in Tokyo, Japan is a multinational organization that is specialized in the manufacturing of optical products as well as imaging products such as printers, cameras, photocopiers along with medical equipment. In 2015, Canon Inc was tenth largest company in Japan in terms of market capitalisations. Founded in the year 1937, it is the market leader in the segment of imaging technology as well as optical products.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Nikon is an optics and imaging products company based in Tokyo, Japan. It is a part of the Mitsubishi company group & it was founded in July 25, 1917. During World War 2, the company operated in 30 factories with 2000 employees.
Casio Computer Company, Limited popularly known as Casio is one of the largest Japanese consumer electronic product manufacturer acquiring a multinational status with its presence across all the continents. The company headquartered in Shibuya Region of Tokyo was founded in the year 1946 by Tadao Kashio. The Casio company is primarily known for the release of the world’s first electric compact calculator in the year 1957.
Samsung is a South Korean company founded by Byung-Chull Lee in 1938. The company started as a trading company and gradually became a multinational conglomerate through many acquisitions and mergers. Samsung Electronics Industry Co Ltd was established in 1969.
Sony Corporation is a Japan based multinational group of companies bases in Tokyo. Sony was set up as an electronics store by Masaru Ibuka. It went to produce the first tape recorder.
5. Hewlett Packard (HP):
HP, earlier referred as Hewlett-Packard, is an American global company. It deals in information technology, consulting, software and hardware, etc. The company was setup by William Hewlett and David Packard in Palo Alto, California in the year 1939.
In 1918 Konosuke Matsushita founded Matsushita Electric Industrial Co. Limited later came to known as Panasonic Corporation. Panasonic is a Japanese company that deals in electronics, home appliances and home renovation services with net sales of US$75 billion and employs 200,000+.
Fujifilm, established in 1934 with the aim of producing photographic films in Japan, is regarded as one of the best camera brands worldwide. The Fujifilm company has consistently maintained its pace with the changing times, has involved with a wide range of technologies and provided innovative products and services.
Olympus which was founded in 1919 in Japan is a leader in the manufacturing of optical products and holds a major section of 70% in this sector. Olympus which started initially by manufacturing thermometer and microscope has now entered into manufacturing précised machineries in different in different industries like imaging, scientific solution and medical. Among these 3 again Olympus dominates in the medical field which helps it to generate around 3/4th of the total revenue.
Kodak is one of the most famous and oldest erstwhile technology company that is involved in aspects of photography, digital imaging and mobile devices. Founded by George Eastman and Henry A Strong the company was a dominant leader in 20th century in terms of photographic film. The Kodak company based in Rochester, New York is presently involved in Print systems, enterprise inkjet system, micro 3D printing, packaging and software solution.
To conclude, the above article highlights the various competitors which compete with Canon. This understanding helps to evaluate the various external business factors for any company.
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