Epson, World's No.1 Projector Sales for 23 Consecutive Years

Record High with 50.9% Market Share

Seiko Epson announced on the 29th that it has achieved the highest market share ever in the global projector market, securing the number one position for 23 consecutive years.

According to UK market research firm Futuresource Consulting, in a survey targeting projector products with 500 lumens (lm) or more, Epson recorded a 50.9% market share in the global projector market for the fiscal year 2023 (April 2023 to March 2024).

Epson stated, "Epson's market share has continuously grown over the past 23 years," adding, "Following a 46.6% share in 2022, we have once again set a new all-time high."

In the domestic projector market as well, Epson secured the number one position with a 40% market share in the fiscal year 2023, up 4 percentage points from the previous year.

Epson attributed the increase in market share to the growth in sales of business projectors for corporate and educational use, expansion of the ultra-short throw home projector market through new product launches, and increased demand for high-brightness projectors centered on the media art market.

Shigeo Fujii, CEO of Epson Korea, said, "Based on 3LCD technology, Epson has grown by exploring various markets including general households, corporate and educational sectors, digital media exhibitions, and screen golf, supplying products optimized for each market," adding, "As the leading company, we plan to continue introducing a diverse range of projector products."

This content was produced with the assistance of AI translation services.