From Obscurity to Market Leader: Magcubic HY300’s Global Breakthrough

In recent years, projector buyers across Reddit forums, Facebook groups, and YouTube channels have shifted their focus. Where they once discussed how to find used Epson models or save up for a decent 4K setup, today’s conversation revolves around this question: “Is a $100 projector actually worth buying?”

Behind this shift is the global expansion of Chinese projector manufacturers. What started as a ripple in Europe soon swept across the United States, Latin America, and Southeast Asia. Among the fastest-rising brands is Magcubic, a projector company based in Shenzhen.

The Rise of the HY300: A $70 Blockbuster

• TikTok (US market): Nearly 99,300 units sold during Black Friday 2023
• Amazon: HY300 ranks #1 best-seller in its category

Before 2023, Magcubic was virtually unknown in the global projector industry. But by November, its “cylinder-style” HY300 projector sold on AliExpress had surpassed $1 million in monthly sales, with 100,000 units sold out from their warehouse.

This single-product success story continued into 2024. According to data from Tabcut, around last year’s Double 11 sales festival, Magcubic’s HY300 achieved sales of 99,300 units on TikTok’s US marketplace alone, generating a total revenue of $3.93 million. On Amazon, the HY300 remains the top seller in its category.

From Shenzhen to the World: A New Route to Success

China’s Mature Projector Supply Chain—and Its Saturation

China is the world’s largest market for projectors and boasts the most complete supply chain in the industry. In recent years, due to market saturation and a tendency toward low-end products, it’s become common to see projectors priced around RMB 1,000 (~$140), with sub-$100 models dominating the consumer price band.

Even industry leaders are under pressure. XGIMI, ranked second globally in shipment volume last year, reported a 90% drop in net profit during the first half of the year.

Magcubic strategically targeted the mid- to low-end segment, with the HY300 priced at just $70. In such a saturated and competitive Chinese market, the company had no real breakout opportunities.

Global Markets Offered a New Path Forward

Yet, Magcubic’s overseas success proved that there was another path: to pursue modest innovation and expand internationally, rather than get trapped in a domestic price war with no end.

A Western user shared their review on a forum:
“The price was unbeatable—cheaper than any TV I could buy, and it projects a much larger image than any television I could fit in my room.”

Such feedback sums up the key reasons for HY300’s success abroad: extremely low price and large screen size.

Why LCD, Not DLP?

Before 2023, Magcubic’s founder—despite years of experience selling set-top boxes on AliExpress—was hesitant to enter the projector market. The main barrier was DLP technology, dominated by Texas Instruments, which kept prices high and limited production scalability. For new brands, this made it difficult to compete in the budget segment or reach mass-market volumes.

Magcubic found its opportunity by entering global platforms early—before competition intensified. This strategic timing, especially on AliExpress via the “Big Save” promotion, gave them greater visibility and platform support.

By building a full-stack supply chain—from LCD panels to final assembly—Magcubic partnered with upstream manufacturers to scale quickly, control quality, and hit aggressive volume targets.

Global Sales Distribution

• Southeast Asia + Latin America: 50%
• Europe: 30%
• United States: 20%

Magcubic’s early success came from Southeast Asia and Latin America—markets often underestimated by traditional projector brands. While Western consumers remained cautious about LCD technology, younger users in these regions quickly embraced it for its affordability and practicality.

“Our top sales came from Brazil and Indonesia,” noted founder Chen Yueyun. “Customers loved the price-performance ratio and used the projectors for parties, social events, and outdoor fun.”

According to Statista, the global home projector market hit $24.6 billion in 2024, with Europe and North America contributing over 58%. However, Latin America’s rapid growth and Southeast Asia’s young, tech-curious demographic present untapped opportunities for new entrants.

What’s Next for Magcubic?

As LCD technology matures, leading brands like XGIMI and Epson are increasingly exploring more affordable projector options. Data from RUNTO Technology shows that 1LCD projectors accounted for 61.4% of global shipments in 2023, a 2.4% increase year-over-year. This growing preference supports Magcubic’s strategy of bypassing costly DLP licenses.

However, with success comes increased competition. As more Chinese projector manufacturers expand globally, a price war has already begun. For Magcubic, sustaining growth will require continuous innovation, building a robust ecosystem, and possibly developing proprietary content or a smart OS platform.

Conclusion: A Playbook for Disrupting the Home Projector Market

Magcubic’s HY300 has done more than demonstrate the strong demand for affordable projectors—it has laid out a clear blueprint for how emerging brands can succeed globally through strategic partnerships, technical innovation, and impeccable timing.

From a $70 ultra-short throw projector to a Netflix-ready portable home cinema, the future of projection technology is no longer exclusive to premium buyers. With rapidly growing young markets, the HY300 could well be just the beginning of a much bigger transformation in global home entertainment.