$284.7m
$XX.Xm
919
153
$XX.Xm
The Photographic and Optical Goods Manufacturing industry has experienced a mixed performance in recent years. Government-imposed lockdowns, work stoppages and trading disruptions – all due to the COVID-19 pandemic – have primarily eroded revenue from the industry. These trends have led to significant annual fluctuations in demand from optometry and optical dispensing, a key external driver for the industry. While exports have continued to account for almost 60% of revenue, imports have remained close to 94% of domestic demand for most of the period. Combined, these factors are fuelling an annualised decline in revenue of 1.9% over the five years through 2023-24, to $284.7 million. This includes an anticipated climb of 1.6% in the current year, owing to continued demand from optometry and optical dispensing and increased public health expenditure. Further, profit margins have been up and down, and have narrowed slightly overall across the period.
Industry revenue has declined at a CAGR of 1.9 % over the past five years, to reach an estimated $284.7m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Lumibird Medical Australia Pty Ltd | 27.0 | |
Redflex Holdings | 14.4 | |
Nova Eye Medical | 13.5 |
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Industry revenue is measured across several distinct product and services lines, including Microscopes, telescopes, binoculars and parts, Glass and contact lenses, glasses frames and sunglasses and Cameras, projectors, and parts. Microscopes, telescopes, binoculars and parts is the largest segment of the Photographic and Optical Goods Manufacturing in Australia.
Microscopes, telescopes, binoculars and parts are zooming into success
Industry firms manufacture photographic equipment and optical instruments and equipment. The industry also includes optical lens grinders and manufacturers of ophthalmic goods such as contact lenses, sunglasses, spectacle frames and sunglass frames.
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ANZSIC 2411 - Photographic and Optical Goods Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 pandemic has had a significant effect on demand and revenue for Australia's Photographic and Optical Goods Manufacturing industry. This has meant a gradual downw...
Learn about an industry's products and services, markets and trends in international trade.
Australia's Photographic and Optical Goods Industry includes firms creating specialised ophthalmic equipment. Even with a declining revenue share, this sector remains instrum...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales and Victoria dominate the Photographic and Optical Goods Manufacturing industry as they account for over 60% of Australia's consumer market. Businesses gravit...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Foreign competition is a major external factor facing Australia's Photographic and Optical Goods Industry. Due to high labour costs and a small domestic market, Australian fi...
Learn about the performance of the top companies in the industry.
Australia's Photographic and Optical Goods Manufacturing industry is mostly populated by small-to-medium sized enterprises. These firms dominate the sector due to low-income ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
In recent years, the most significant assistance for Australia's Photographic and Optical Goods Manufacturing industry has been the JobKeeper payment scheme. This government-...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The key expense for Australia’s Photographic and Optical Goods Manufacturing industry lies in purchasing raw inputs – lens blanks, plastic resins and metals. These inputs are...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Photographic and Optical Goods Manufacturing industry in Australia is $284.7m in 2024.
There are 153 businesses in the Photographic and Optical Goods Manufacturing industry in Australia, which has grown at a CAGR of 5.0 % between 2018 and 2023.
The market size of the Photographic and Optical Goods Manufacturing industry in Australia has been declining at a CAGR of 1.9 % between 2018 and 2023.
Over the next five years, the Photographic and Optical Goods Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Photographic and Optical Goods Manufacturing market in Australia are Lumibird Medical Australia Pty Ltd, Redflex Holdings and Nova Eye Medical
Microscopes, telescopes, binoculars and parts and Glass and contact lenses, glasses frames and sunglasses are part of the Photographic and Optical Goods Manufacturing industry.
The company holding the most market share in Australia is Lumibird Medical Australia Pty Ltd.
The level of competition is high and increasing in the Photographic and Optical Goods Manufacturing industry in Australia.