Panasonic Corporation, a publicly owned Japanese conglomerate founded in 1935, employs approximately 31,610 people. Its diverse business portfolio includes five main units: appliances (refrigerators, air conditioners, washing machines, and televisions); life solutions (LED lighting, housing systems, and solar panels); connected solutions (personal computers, factory automation systems, and in-flight entertainment); automotive solutions (infotainment systems and batteries); and industrial solutions (various electronic devices). In 2023, the company reported revenues exceeding $1 billion. While digital signage and professional displays are a notable product area, they represent only a portion of Panasonic's extensive product range.

2023 Revenue

Founded

1935

Headcount

31,609

Headquarters

Japan

Primary Segment

Digital signage and professional display

Ownership

Publicly Owned

Deployments

199

News Summary:

Panasonic announced the launch of the LUMIX G9II digital mirrorless camera with a new sensor and Phase Detection Auto-Focus (PDAF) technology on 12th September 2023. The company also showcased its latest consumer products at IFA 2023 in Berlin from 29th August to 1st September 2023. Panasonic reaffirmed its commitment to greener energy and heating transition in Europe with investments in European heat pump production and hydrogen fuel cell projects. Additionally, Panasonic partnered with Team England wheelchair racing champion Hannah Cockroft to promote environmental sustainability globally. Furthermore, the company introduced the GNW10 Sound Slayer™, a wearable gaming speaker designed to enhance players' gaming experience.

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Panasonic offers 9 products in the media tech and pro AV industries. Panasonic's product portfolio comprises of live production, pro AV audio and conferencing, content acquisition, audio, broadcast professional services and digital signage and professional display.
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Panasonic's revenues were $60.5B in 2023. Caretta Research has split Panasonic's revenue into 10 different product categories, the largest of which is professional projector equipment, which represents 99% of Panasonic's revenue.
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Panasonic's customers primarily consist of broadcast television and radio, spectator Sports and pro AV services companies. Examples of Panasonic's customers include Clair Global, RTÉ and International Olympic Committee – IOC. Examples of Panasonic's suppliers include Chyron, Telesat and Access.

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