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Optical & Photographic Equipment Manufacturing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-C267 March 2024 Factsheet

Revenue

€106.5m

2019-2024 7.7 %
2024-2029 X.X %

Employees

404

2019-2024 5.1 %
2024-2029 X.X %

Businesses

27

2019-2024 6.2 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 X.X %
2024-2029 X.X %

Optical & Photographic Equipment Manufacturing in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#15 In Europe
Business
#20 In Europe
Employees
#21 In Europe
Wages
#12 In Europe

View industry report for Europe

Europe’s Optical Instrument and Photographic Equipment Manufacturing industry has experienced notable growth driven by increasing demand for optical instruments in the medical and scientific sectors. Technological innovation in medical devices using optical systems has boosted demand, particularly for endoscopy systems, microscopes and optical tomography systems for biomedical research. The rising prevalence of chronic diseases and greater demand for healthcare services due to ageing European populations have also boosted demand for optical instruments and lenses. The industry continues to face challenges like competition from imported products, particularly from countries like China, with cost advantages, pressuring profitability for European manufacturers. The widespread adoption of smartphones has, on the one hand, driven demand for blue light and computer lenses but also caused a dramatic decline in demand for traditional photographic equipment like digital cameras. Revenue in Europe’s Optical and Photographic Equipment Manufacturing industry has contracted at a compound annual rate of 0.5% over the five years through 2024, declining by 1.6% to €20.1 billion in 2024. Manufacturers in France, Germany and Spain are trying to counter the decline in camera sales by offering specialised features and high-performance cameras targeted at professional photographers.

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Enterprises
Number of businesses in 2024

Biggest companies in the Optical & Photographic Equipment Manufacturing in Belgium

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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Top Questions Answered in this Report

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What is the market size of the Optical & Photographic Equipment Manufacturing industry in Belgium in 2024?

The market size of the Optical & Photographic Equipment Manufacturing industry in Belgium is €106.5m in 2024. 

How many businesses are there in the Optical & Photographic Equipment Manufacturing in Belgium industry in 2024?

There are 27 businesses in the Optical & Photographic Equipment Manufacturing industry in Belgium, which has grown at a CAGR of 6.2 % between 2019 and 2024.

Has the Optical & Photographic Equipment Manufacturing industry in Belgium grown or declined over the past 5 years?

The market size of the Optical & Photographic Equipment Manufacturing industry in Belgium has been declining at a CAGR of 6.2 % between 2019 and 2024. 

What is the forecast growth of the Optical & Photographic Equipment Manufacturing industry in Belgium over the next 5 years?

Over the next five years, the Optical & Photographic Equipment Manufacturing industry in Belgium is expected to decline.

What are the biggest companies in the Optical & Photographic Equipment Manufacturing market in Belgium?

The biggest companies operating in the Optical & Photographic Equipment Manufacturing market in Belgium are Carl Zeiss AG, IPG Photonics Corporation and EssilorLuxottica SA

What does the Optical & Photographic Equipment Manufacturing in Belgium 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 Belgium?

The company holding the most market share in Belgium is Carl Zeiss AG.

How competitive is the Optical & Photographic Equipment Manufacturing industry in Belgium?

The level of competition is moderate and steady in the Optical & Photographic Equipment Manufacturing industry in Belgium.

Related Industries

This industry is covered in 37 countries

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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 BEAMPHOTONICSULTRASONIC

What's included in this industry?

Optical components and partsParts and accessoriesLasers and other optical devicesAnalysers and measuring instrumentsCameras and parts for cameras

Companies

Carl Zeiss AGIPG Photonics CorporationEssilorLuxottica SA

Industry Code

ISIC 2006

267 - Manufacture of optical instruments and photographic equipment in Belgium

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Performance

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
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Optical & Photographic Equipment Manufacturing in Belgium industry?


Outlook

Analysis

What's driving the Optical & Photographic Equipment Manufacturing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Optical & Photographic Equipment Manufacturing in Belgium 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 Belgium 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.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Optical & Photographic Equipment Manufacturing in Belgium industry's products and services performing?

Analysis

What are innovations in the Optical & Photographic Equipment Manufacturing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Optical & Photographic Equipment Manufacturing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
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)

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.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Optical & Photographic Equipment Manufacturing in Belgium located?

Companies

Data Tables

Top 9 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

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.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Optical & Photographic Equipment Manufacturing in Belgium 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.

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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 Belgium 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?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

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. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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