LG Electronics India, a leading consumer durables brand in the country, announced the launch of the LG CineBeam Q (HU710PB) projector in the Indian market at 5th Smart Home Expo at Jio World Convention Center, Mumbai. With its innovative design and cutting-edge technology, the LG CineBeam Q is set to redefine the cinematic experience for Indian consumers, offering unparalleled picture quality and versatility.

Designed to fit seamlessly into any space, the LG CineBeam Q is a smart portable laser projector that boasts a minimal and compact design, making it a stylish addition to any interior. Despite its small size, this projector delivers exceptional 4K UHD (3840 x 2160) picture quality, capable of casting content onto screens ranging up to 120 inches.

One of the standout features of the LG CineBeam Q is its use of laser light source technology, which guarantees stunning picture quality with a contrast ratio of 450,000:1. Additionally, the projector comes equipped with a 3-channel RGB laser system, further enhancing the vibrancy and clarity of the images projected.

Commenting on the launch, Abhishek Pandey (Product Manager- India) LG Projector Business said “As young Indians lead dynamic lifestyles, the need for portable entertainment solutions has never been more crucial. The LG CineBeam Q perfectly aligns with this demand, offering portability without compromising on performance. Whether it’s transforming a dorm room into a personal cinema, hosting movie nights with friends, or taking outdoor gatherings to the next level, it seamlessly adapts to our on-the-go lifestyle. Its portability ensures that the magic of cinema is no longer confined within four walls. We are confident that the LG CineBeam Q will become an indispensable part of every Indian household, offering boundless entertainment possibilities for the entire family.”

The CineBeam Q projector offers a comprehensive smart TV solution. LG’s webOS platform provides users with effortless access to popular streaming services, including Netflix, Disney+, Prime Video, and YouTube*. Additionally, the projector allows for content sharing from smartphones and tablets through AirPlay 2 and Miracast.

In terms of functionality, the LG CineBeam Q offers many convenient features, including auto screen adjustment, webOS integration, and versatile connectivity options such as screen share, mirroring, Bluetooth, AirPlay, HDMI, and USB Type-C. Moreover, the projector’s 360-degree rotating handle ensures easy portability, allowing users to transition between indoor and outdoor settings effortlessly.

The LG CineBeam Q will be available for sale in India in mid-June across retail and online platforms including LG.com and LG Pro AV store with a warranty of 3 years.

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Intelligence (AI) agent at CES 2024. LG’s smart home AI agent boasts robotic, AI and multi-modal technologies that enable it to move, learn, comprehend and engage in complex conversations. An all-around home manager and companion rolled into one, LG’s smart life solution enhances users’ daily lives and showcases the company’s commitment to realizing its “Zero Labor Home” vision.

With its advanced ‘two-legged’ wheel design, LG’s smart home AI agent can navigate the home independently. The intelligent device can verbally interact with users and express emotions through movements made possible by its articulated leg joints. Moreover, the use of multi-modal AI technology, which combines voice and image recognition along with natural language processing, enables the smart home AI agent to understand context and intentions as well as actively communicate with users.

Functioning as a ‘moving’ smart home hub, this AI agent connects with and controls smart home appliances and household IoT devices. Through LG’s latest collaboration with Qualcomm Technologies, Inc., the AI agent is equipped with the Qualcomm^® Robotics RB5 Platform, enabling powerful on-device AI features such as face and user recognition. The AI agent utilizes its built-in camera, speaker and various sensors to gather real-time environmental data, including temperature, humidity and indoor air quality. LG’s advanced AI technologies analyze this data, continuously learning and combining it with external information. The AI agent can even act as a pet monitor and security guard, providing users with the ability to see and care for their pets remotely and sending alerts if any unusual activity is detected.

What’s more, the LG smart home AI agent offers exceptional versatility and scalability. For example, it can autonomously patrol the home when no one is there, moving from one room to another and sending notifications to the user’s smartphone if it finds an open window or any lights left on. Additionally, it can help conserve energy by connecting with a smart outlet and turning off unused devices throughout the house.

When the user returns home, the AI agent greets them at the front door, discerns their emotions by analyzing their voice and facial expressions, and selects music or other content to suit their mood. It also assists users in their daily lives by providing transportation details, weather updates, personal schedules, or reminders to take medications.

With the smart home AI agent and its active hub features, LG aims to liberate users from the burden of housework and seeks to establish itself as a dominant player in the smart home market.

“Our groundbreaking smart home AI agent combines cutting-edge autonomous mobility and AI technologies with advanced communication capabilities and services to help free customers from household chores,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “A smart life solution company, LG will continue to help customers experience a smarter, more enjoyable life at home.”

Visitors to CES 2024 from January 9-12 can see all of LG’s latest smart life solutions, including the smart home AI agent, at the company’s booth (#16008, Las Vegas Convention Center).

For More Information Visit: https://www.lgcorp.com/

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The global Hi-Fi systems market is poised for significant growth, with an estimated size of US$ 16.9 billion in 2023 and a projected expansion to US$ 28.6 billion by 2033. Anticipated to surge at a 5.4% CAGR, the overall sales of Hi-Fi systems are expected to thrive throughout the forecast period.

Key Highlights:

Product Segment Growth

The products segment is forecasted to exhibit a CAGR of 5.3% between 2023 and 2033, driven by the flexibility and cost-effectiveness of Hi-Fi products.

Demand Drivers

High-quality audio demand, increasing adoption of home entertainment systems, and the popularity of wireless Hi-Fi systems are key factors stimulating growth.

Wireless Audio Surge

Rapid interest in wireless audio devices, particularly in home and commercial applications, is expected to boost the market. Wireless audio devices are also gaining traction in niche applications like automotive, military, and security.

Streaming Services Impact:

The rise of streaming services, such as Spotify and Apple Music, is contributing to the demand for Hi-Fi systems, offering high-quality streaming audio experiences.

Home-Theatre-in-a-box (HTIB) Adoption

Increasing adoption of HTIB and the growing popularity of smart homes are fueling demand for Hi-Fi systems.

Global Market Projections

The global Hi-Fi systems industry is forecasted to reach US$ 28.6 billion by 2033, with the United States, South Korea, China, the United Kingdom, and Japan being key markets.

“Growing demand for high-quality audio and the rising popularity of wireless audio systems are anticipated to provide a strong impetus for the expansion of the global Hi-Fi systems market during the forecast period,” opines Sudip Saha, Managing Director and MD at Future Market Insights.

Leading Manufacturers

Key players in the Hi-Fi systems market, including Bose Corporation, Tannoy Ltd., Bowers & Wilkins, HARMAN International, DEI Holdings, Inc., Koninklijke Philips NV, LG Electronics Inc., Samsung Electronics Co., Ltd., Onkyo Corporation, Panasonic Corporation, Sony Corporation, and Yamaha Corporation, are actively introducing new Hi-Fi systems, especially wireless ones, to cater to evolving consumer preferences.

Recent Launches

In January 2023, Yamaha unveiled its new 2000 Series Hi-Fi System in the United States.

In February 2022, Sony Electronics introduced its latest premium Mobile ES car subwoofers, amplifiers, and speakers to enhance the entertainment experience.

Drivers and Opportunities

Increasing demand for high-quality audio, coupled with the rising adoption of home entertainment systems, is driving the popularity of wireless Hi-Fi systems. Audiophiles, in particular, are boosting the demand for high-quality music experiences, enhancing the market’s prospects.

Regional Trends

The Hi-Fi systems market features a competitive landscape with dynamic regional trends. Manufacturers and vendors are focusing on innovation and product differentiation to gain a competitive edge. North America and Europe, characterized by a high concentration of tech-savvy consumers, drive the demand for premium Hi-Fi systems. Meanwhile, Asia-Pacific is witnessing a surge in demand driven by a growing middle-class population with an increasing appetite for high-fidelity audio experiences.

Challenges

Despite its promise, the Hi-Fi systems market faces challenges such as pricing pressures and the availability of affordable alternatives in the audio market. Additionally, the ongoing global semiconductor shortage has the potential to influence production and supply chain disruptions.

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LG Smart Cam Pairs with LG TVs to Deliver an Interactive Experience.

Designed to seamlessly integrate with LG TVs, the New Video Camera allows users to enjoy enhanced interaction and convenient and high-quality video calling. 

LG Electronics (LG) announced the global rollout of its new Smart Cam model VC23GA. With a Full HD (FHD) video camera with built-in dual microphones and multi-view function, the Smart Cam seamlessly integrates with LG’s webOS-powered smart TVs to enhance user interaction with a host of premium Apps and services. The pairing offers convenient video calling and conferencing, an elevated home fitness experience and much more to cater to the diverse needs of customers as they enjoy various services offered by LG Smart TVs.

Design and Integration

Compatible with many of the services available on LG TV’s webOS platform, LG Smart Cam opens up a range of diverse and compelling interactive experiences. For example, users can now conveniently connect with co-workers, clients, family, or friends via RemoteMeeting, an innovative web-based video conferencing service that also works across PCs, laptops, and smartphones. The FHD resolution (1,920 x 1,080) Smart Cam provides a smooth, crisp video that looks remarkably clear and lifelike when displayed on LG’s large-screen TVs, which are known for their excellent picture quality. Setting up the Remote Meeting app on LG TV is fast and simple and conveniently eliminates the need for a laptop or PC connection. Moreover, the Smart Cam’s built-in mics require no extra peripherals.

Compatibility and Working 

Those who enjoy fitness and well-being Apps will love the benefits of pairing an LG Smart Cam with an LG TV. Exercite, a home fitness App that utilizes advanced AI motion- and exercise-recognition algorithms, accurately track the user’s body throughout each movement with the Smart Cam to provide real-time feedback on exercise technique – helping users optimize their performance.

FlexIt, a platform boasting camera-assisted live one-on-one sessions with top fitness and wellness professionals, takes full advantage of the Smart Cam-LG TV integration. The powerful combo enhances the customised user experience offered by FlexIt, which delivers tailored programs and motivational tips and tricks to support users to achieve their fitness and well-being goals and maintain a healthier lifestyle.

Additionally, the Smart Cam and LG TV duo enable new entertainment options, including the new selfie App, Fun Mirror and the popular dance tutorial App, 1M HomeDance. Fun Mirror brings users a wide array of filters, fun photo effects and editing options to choose from, while Home Dance by 1M, a collaboration between LG and South Korea’s iconic 1 MILLION Dance Studio, one of K-Pop’s most popular choreography teams, provides a variety of tutorials and dance clips to help users hone their dancing skills. With Smart Cam connected, users can perform alongside the instructor in Camera Mode and learn the choreography of their favorite routines more efficiently.

LG Smart Cam’s integrated cover effectively blocks the camera lens when not in use to safeguard users from potential security breaches.

Stylish as well as functional, LG Smart Cam has a slim design that fits perfectly with the modern aesthetic of compatible LG Smart TVs launched in 2022, including its lifestyle TV lineup. Attaching firmly with its magnetic connectors, LG’s camera discreetly blends in with the TV to give the appearance of a single device. And thanks to its built-in dual microphone, the new camera ensures crystal-clear voice quality.

LG is committed to elevating users’ everyday lives with innovations that deliver exceptional value and differentiated user experiences. The flawless integration of the Smart Cam and LG TV enhances convenience, interactivity, and entertainment opportunities for LG TV owners. LG Smart Cam is currently available from LG’s online stores in Korea and the US and is scheduled to roll out in other major markets worldwide.

Key Highlights: 

* Full HD (FHD) video camera with built-in dual microphones and multi-view function.

* Seamlessly integrates with LG’s webOS-powered smart TVs.

* Enhances user interaction with premium apps and services on LG Smart TVs.

* Enables convenient video calling and conferencing through apps like RemoteMeeting.

* Supports home fitness experiences with Apps like Exercite and FlexIt.

* Offers entertainment options like Fun Mirror and Home Dance by 1M.

* Slim design with magnetic connectors, blending discreetly with compatible LG Smart TVs.

* Integrated cover safeguards users from potential security breaches.

* Currently available in LG’s online stores in Korea and the US, with plans for a global rollout.

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LG Electronics (LG) unveiled the ThinQ UP 2.0, a smart home innovation that transforms home appliances into ultra-convenient and ultra-connected lifestyle solutions. ThinQ UP 2.0 highlights the expansion of LG’s successful home appliance business into non-hardware areas, including subscription services, and confirms the company’s leadership in promoting the ‘servitization’ of home appliances.

Aligned with its new Smart Home Solution strategy and ‘Zero Labor Home Makes Quality Time‘ customer experience vision, LG will introduce a wide range of services designed to fulfill customers’ needs and deliver greater freedom and ease in the home.

LG ThinQ UP 2.0 sets a new benchmark for personalization, tailoring product performance and service options to users’ preferences throughout the entire customer journey. Unlike traditional products with fixed features and specifications, appliances compatible with ThinQ UP continuously update their essential functions and offer features suited to each individual user. A significant advancement over existing ThinQ UP appliances, ThinQ UP 2.0 products work intelligently to reduce the time and hassle of household chores, adding new services with flexible subscription options while also recommending additional services to make daily life smoother.

Personalization Option

The home appliance personalization process begins even before the customer receives their products. For example, customers who purchase a ThinQ UP 2.0 washing machine will be asked to participate in a three-step ‘Life Pattern Analysis’ survey, conducted through the LG ThinQ App. LG analyzes the survey results and applies optimised washing cycles matched to the customer’s preferences, ensuring a tailor-made user experience right from the start. What’s more, customers have the flexibility to adjust the order of cycles installed on their machines and can save their personal settings on the App.

Similarly customizable, LG’s latest InstaView bottom freezer provides multiple options for maintaining the freshness of stored ingredients. Through the ThinQ App, users can apply precise temperature settings based on the types of food they have inside the fridge, and change the colour of the LED lighting integrated into the InstaView door’s glass panel. On top of that, they can leave messages and reminders for family members or housemates on the bottom freezer’s LCD display.

Coming first to ThinQ UP 2.0 washers and dryers is an LG-developed on-device chip – called the DQ-C chip – and a brand-new operating system. The DQ-C chip has ample memory to support the addition of different types of content, enabling users to enjoy an array of tailored features and functions that can be easily managed via the appliances’ touch displays, or the ThinQ app.

Offering a Wide Range of Home Solutions

Leading the ‘servitization’ of home appliances, LG’s new solution delivers personalized products and customized services that fit in with and enhance customers’ lifestyles. When buying an appliance from the ThinQ UP 2.0 lineup, customers can choose from a range of services that can reduce the burden of household chores and management. These include subscriptions and smart home services that aid and augment the performance of LG’s products, as well as laundry services for specialized clothing care and time-saving automated services for re-ordering detergent and fresh foods.

Thanks to the diverse capabilities of ThinQ UP 2.0, LG’s new washing machines, for instance, become all-in-one solutions that support users’ lifestyles; giving them one-stop access to various convenient services, from dry-cleaning to clothing storage and beyond.

Transitioning from a Product-Centric to a Smart Life Solutions Business

LG’s appliance subscription service offers customers the freedom to sign up for a period ranging from three to six years in length, letting them choose the best option for their own individual circumstances. During the subscription period, the company provides monthly reports through the LG ThinQ App, suggesting personalized product recommendations based on the customer’s usage patterns and preferences.

“LG ThinQ UP 2.0 marks the beginning of our journey towards a more service-based business model,” said Lyu Jae-cheol, President of LG Electronics Home Appliance & Air Solution Company.” A major player in the global home appliance market, LG is committed to leading the era of the ‘Home as a Service’ (HaaS) and will continue to present innovative solutions that enhance customers’ lives better.”

For more information: www.lg.com

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LG Electronics plans to spend $39.5 billion (50 trillion won) in R&D, facility and strategic investment as it aims to reach $79 billion (100 trillion won) in sales by 2030, up from $51.4 billion (65 trillion won) in 2022. 

The new strategy will transform its home appliance and electronics goods maker into a platform-based tech company. LG will bolster service platforms on its home appliances like TV products and white goods, reinforce business-to-business (B2B) units by leveraging its experience in the B2C market and accelerate new growth businesses such as electric vehicle (EV) charging and digital healthcare.  

The company’s announcement comes roughly two years after LG closed its loss-making mobile phone business globally in 2021 to focus on its growth areas such as smart homes, connected devices, the Internet of Things (IoT), B2B solutions, EV components, robotics, artificial intelligence (AI) and platforms. 

“LG will continue to pursue its bold vision to transform and lead forward as a smart life solutions company that connects and expands on customers’ spaces and experiences, rather than its current position as the best home appliance brand,” William Cho, CEO of LG Electronics, said in a statement. “We will establish a brand-new LG by reinventing the way we work and communicate while progressing towards this goal.” 

According to Cho in his speech in Seoul, the company, which annually sells about 100 million hardware products, not only manufactures and sells TV devices but also wants to offer webOS as a service platform provider. For example, LG smart TV with webOS offers customized advertising and TV and entertainment content from over0 broadcasting channels and 2,500 partners globally, including on-demand streaming platforms. 

“We are supplying our webOS to various TV manufacturers and planning to actively install webOS in our digital signage and vehicle displays to expand the media platforms,” Cho said. 

LG is also considering the development of a home energy platform, providing a solution that integrates HVAC (heating, ventilation and air conditioning), ESS (energy storage system) and EV charger.  

As for the digital healthcare business, LG will work with its internal startup incubator LG Nova in North America. The company CEO is establishing a venture capital unit to back startups, the company CEO said.

LG has been wading into emerging sectors through acquisitions, including ZKW, an Austria-based automotive lighting and headlight system provider; Alphonso, the US adtech firm; Cybellum, an automotive cybersecurity startup; and AppleMango, a South Korean electric vehicle battery charge developer. LG began production of EV chargers in Seoul last month and changed AppleMango’s name to HiEV Charger. 

The company set up an EV company called Vehicle Component Solutions (VS) Company in 2013, which develops infotainment, telematics and Advanced driver-assistance systems (ADAS). 

LG Electronics said last week it expects to post 19.9 trillion won ($15.2 billion) for the April-June quarter, the highest revenue in the company’s history. The company will release its full earnings report by the end of July.  

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