From home entertainment and consumer electronics devices to household appliances and beauty care devices, Panasonic caters to a wide variety of customers’ needs. Panasonic Corporation was founded by Kōnosuke Matsushita in 1918 as a lightbulb socket manufacturer. Over the years, Panasonic Corporation – headquartered in Kadoma, Osaka – has grown, becoming one of Japan's major international conglomerates, like Hitachi, Sony, and Toshiba. Nowadays, the company has a strong presence in various business segments, from home appliances to industrial solutions. Televisions, cameras, and camcorders, as well as automotive, avionic, and integration systems are just a few examples of electronics produced by Panasonic.
Panasonic’s competition: many markets, many rivals
Panasonic Corporation is one of the largest consumer electronics companies in the world, with sales of roughly 65 billion U.S. dollars in 2022. However, the company faces many competitors, and not only in the consumer electronics market. There, LG Electronics and Sharp are among Panasonic’s biggest rivals. Furthermore, LG Chem and the Chinese company CATL are strong competitors in the lithium-ion battery market, of which Panasonic occupies around 14.7 percent. Finally, since 2021, Panasonic has been playing a bigger role in the automotive telematics control market, controlled by LG and Continental, which hold over 35 and more than 25 percent of the market, respectively.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
Research expert covering the global consumer technology industry