Epson, a world leader in digital imaging and printing solutions announced that it has retained its No. 1 position in the Indian Projector market for FY2021*. According to the latest data published by FutureSource Consulting, Epson had a market share of 25.46% for the period. FutureSource Market Insight Report is accepted as the worldwide projector industry standard.
The projector industry faced tough market conditions brought on by Covid, with supply and demand both affected. Epson however continued to lead across both B2B and B2C segments. According to the report, Epson sold 36,625 projectors out of the overall 143,858 sold in India in FY21, reinforcing its position as the country’s No. 1 projector brand. Due to the prevailing conditions, education and corporate sales saw a significant decline. However, the demand for projectors for home entertainment increased significantly.
FutureSource Consulting, market specialists in visual displays, confirmed that Epson has also been the worldwide market leader for 21 straight years, from calendar year 2001 onwards, with a worldwide market share of 44.1% in the calendar year 2021.
Epson attributes its success to its proprietary 3LCD technology which delivers vibrant and true-to-life images with up to 3 times higher colour brightness and a higher colour gamut. Coupled with high-quality performance, innovative features and technology advancements, Epson's most recent projectors elevate the user experience with 3LCD Reflective Laser technology and 4K for state-of-the-art home theatre projectors.
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate the use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion. https://global.
Bangalore, May 30, 2022