Epson Retains No.1 Position in the Indian Projector Market for the Eighth Consecutive Year

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Epson Retains No.1 Position in the Indian Projector Market for the Eighth Consecutive Year

Published 25^thJune, 2024

Epson, one of the global leaders in digital imaging and printing solutions, announced its continued leadership and year-on-year market share growth in the Indian projector market. According to the latest data published by Futuresource Consulting for FY23, Epson sold 77,637 projectors out of the overall 172,414 projectors sold in the country during the fiscal year 2023-24. This gave Epson a significant market share of 45.03% in FY2023. Epson has grown its market share by 13.49% in FY2023 from its earlier share of 31.54% in FY2022. Futuresource Consulting are market specialists in visual displays and are accepted as the worldwide projector industry standard.

Epson has been the leader in the Indian projector market since the FY 2016-17. Globally, Epson has been the No. 1 projector brand for 22 years with a global market share of 32.3% in FY 2022-23. The brand remains the market leader in both B2B and B2C categories. Epson attributes its success to its proprietary 3LCD technology, which delivers vibrant and true-to-life images with up to 3 times higher color vibrancy and a higher color gamut than others. Epson says its projectors have always been renowned for their high-quality performance, innovative features, and advanced technology. The most recent projectors elevate the user experience with Laser light source, Ultra Short throw, 3LCD Reflective Laser technology and 4K for state-of-the-art home theatre projectors. Epson says it will continue to focus on developing cutting-edge technologies and solutions to ensure it remains the most preferred projector brand both in India & worldwide.

Commenting on the achievement, Mr. A. K. Harish, Senior General Manager - Visual Products, Epson India, said, "We are delighted to not just retain the No.1 position in the Indian projector market for FY2023, but to significantly increase our market share as well. We have been the market leaders in India for many years now. Over the years, the projector market has evolved significantly, offering a more advanced user experience along with seamless features. Epson has consistently been at the forefront of this transformation, delivering products that provide vibrant, true-to-life images and a viewing experience that exceeds customer expectations."

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