Panasonic Corporation is a multinational electronics corporation headquartered in Japan. The company employs over 141,000 people in over 180 countries and operates in five business segments: Home Appliances, Electronics, Communications, Systems, and Solutions. Panasonic is the world’s third-largest consumer electronics company measured by revenue and the top Japanese electronics company in terms of market share.
Panasonic was founded in 1918 as a trading company in the city of Osaka. The company began production of electric batteries in 1923 and began producing radios in 1926. In 1954, the company began producing televisions. The company went public in 1966 and began to produce laser products in 1969. In 1984, the company began producing digital audio recorders and in 1988, it began producing digital cameras.
In the 1990s, Panasonic began to produce flat panel TVs. The company became a major player in the digital audio player market with the introduction of the DMP-BDT90 in 2003.
Panasonic has been a major player in the automotive market with the introduction of the Lumix DMC-FZ1000 digital camera in 2012. The company has also been a major player in the medical imaging market with the introduction of the Lumix DMC-GH5 digital camera in 2014.