This article is an updated list of 10 interesting Panasonic statistics for 2023.
Panasonic is a Japanese multinational corporation that specializes in consumer electronics. It has a variety of product lines ranging from TVs and cameras to appliances and many more.
Among Panasonic’s various product lines, the company has several pioneering well-known cameras. These include the Lumix GH5, Lumix S1R, Lumix G9, Lumix FZ1000 II, and Lumix ZS100/TZ100.
Discover further details about Panasonic in this up-to-date collection of stats.
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Table of Contents
- As of March 2023, the company has been operating for 105 years
- Panasonic is a group of 532 consolidated companies
- 240,000 is the estimated number of Panasonic employees in 2022
- As of March 2023, Panasonic’s market cap is $20.49 billion
- In 2022, Panasonic generated total revenue of $57 billion
- Panasonic’s total assets are worth $62 billion, as of 2022
- Panasonic accounted for only 4.4% of the digital camera market in 2021
General Panasonic Statistics
We’ve prepared a list of the general key statistics about the giant Japanese corporation to keep you updated on its market situation and history.
1. Panasonic Has Been Operating for 105 Years
Kōnosuke Matsushita, the founder of Panasonic, established the company in 1918. Panasonic was first a small vendor of duplex lamp sockets.
Over a century of continuous operation, the company has expanded its product portfolio to include hundreds of products.
The turning point for Panasonic came after World War II. At that time, the company started to produce appliances, radios, and bicycles for the Japanese market.
The Japanese company then entered the US market in 1961, introducing its TVs. A year later, the company expanded to Europe by establishing a new sales office in Germany.
All that said, Panasonic didn’t operate under its current name until 2008. The company was previously called Matsushita Electric before changing its name to Panasonic.
2. Panasonic Is a Group of 532 Consolidated Companies
Panasonic is a gigantic parent corporation with 532 companies globally operating under its ownership.
The Panasonic group includes Panasonic holdings and eight other major companies. This group of nine corporations manages 523 business entities located in Japan and around the globe.
The company operates in over 120 countries in Asia, the Americas, Europe, Africa, and the Middle East.
3. Panasonic Is One of the Companies With the Most US. Patents Granted
As of 2021, the Japanese company has 1,067 patents assigned to it in the US. This places it among the most patent-granted companies in the United States.
Panasonic’s patents cover different industries and sectors. These include data distribution, display manufacturing, and security systems, to name a few.
4. 240,000 Is the Estimated Number of Panasonic Employees in 2022
Panasonic has a vast number of employees which is estimated to be 240,000.
The number of employees decreased by around 3,500 in 2022 compared to 2021, which was 243,540.
Panasonic employees are distributed among the different company divisions as follows:
- Corporate division: 2,303 employees
- Industry segment: 40,903 employees
- Automotive division: 29,419 employees
- Lifestyle products: 96,083 employees
- Energy segment: 16,987 employees
- Other segments: 54,503 employees
Panasonic Financial Statistics
Here’s an overview of Panasonic’s current financial situation to develop a better understanding of the company’s economic performance:
5. As of March 2023, Panasonic’s Market Cap Is $20.49 Billion
With a market cap of $20.49 billion, Panasonic secured 825th place among the world’s most valuable companies by market cap.
This represents a 5.76% increase in value compared to the $19.38 billion market cap in 2022.
6. In 2022, Panasonic Generated a Total Revenue of $57 Billion
Panasonic generated $57 billion (7.3 trillion Japanese yen) in revenue for 2022. This shows a decrease of approximately $6 billion from the previous year.
In 2021, the company’s revenue accounted for $63 billion. The decline in revenue in 2022 is attributed to the increase in Japan’s consumption tax during that year.
The partial return of Coronavirus pandemic procedures also impacted the company’s operations and revenue.
7. Panasonic’s Total Assets Are Worth $62 Billion, as of 2022
Panasonic’s total assets value was $62 billion in 2022. The Japanese corporate experienced a $2 billion decrease in total assets in one year.
The company’s total assets were $64 billion in 2021. In addition, Panasonic’s total assets value has been fluctuating since 2010.
8. The Company Spent $3.25 Billion on Its R&D in 2022
Panasonic holds an astounding number of patents. As such, it’s unsurprising that the company spent over $3 billion on its R&D processes in a single year.
Nonetheless, Panasonic has slightly decreased its R&D spending over recent years. For example, the company spent $3.8 billion in 2021. This was 18% more than its spending in 2022.
Panasonic’s Camera Division Statistics
Panasonic is still a small player in the camera market compared to the giants. However, the company has terrific potential which could see it gain significant market share in the future.
Here are two statistics that demonstrate the company’s current situation in the imaging market:
9. Panasonic Accounted For Only 4.4% Of the Digital Camera Market in 2021
Panasonic has introduced many premium cameras like the DC-S1H. Nonetheless, its market share is still far behind giant camera manufacturers like Canon and Nikon.
The company occupies only 4.4% of the global camera market share.
According to 2021 statistics, Canon was the camera market leader, with 47.9% of the market share. Sony, Nikon, and FUJIFILM followed in second, third, and fourth place respectively.
Moreover, Panasonic has a share of 5.5% in the global mirrorless camera market.
10. Panasonic Invented Game-Changing Technologies for the Camera Market
Panasonic has introduced several breakthrough technologies to the camera market through its pioneering cameras. Here are some examples:
- The Panasonic GH4 was the first ever mirrorless camera to record in 4K/30p.
- The Panasonic DMC-FZ1000 was the first camera to combine bridge super-zoom and the ability to record in 4K.
- The Panasonic DC-S1H was the first mirrorless camera with a full frame to be Netflix-approved.