Panasonic was once one of the world's most popular TV manufacturers, but withdrew from the U.S. TV market in 2016. The brand's TVs are no longer listed on its U.S. website, and they no longer appear at Best Buy, once the manufacturer's main sales outlet.

Why are Panasonic TVs no longer sold in the US, and why does the market seem to be shrinking?

Panasonic's exit from the U.S. TV market means that Sony is the only major Japanese TV maker selling TVs in the U.S. The current big players, such as LG and Samsung, are based in South Korea. Vizio is a U.S. brand that manufactures overseas, and the rest (TCL, Hisense, Haier) are based in China.

Other well-known TV brands are now owned (or licensed to) and made by China- or Taiwan-based TV manufacturers, such as JVC (Amtran), Philips/Magnavox (Funai), RCA (TCL), Sharp (Hisense), and Toshiba (Compal).