Mitsubishi has announced that it is exiting the LCD TV market this year to focus on its DLP rear projection business. The company is the only maker of rear projection TVs sold in the US.

HD Guru explains that Mitsubishi made an early transition from big screen CRT models to lamp driven microdisplay sets. As the industry moved to flat panels, Mitsubishi opted to rely on outside vendors for its LCDs.

Mitsubishi currently offers 2010 models from 60-82-inch screen sizes, all with 3D capability. According to HD Guru: “Rear projection provides viewers with the biggest HDTV screens for the lowest prices in the industry, starting at under $850 for the 60-inch model widescreen 1080p HDTV and under $1200 for a 73-inch.” As a means of comparison, a Samsung 65-inch 1080p LED HDTV is presently offered at over $4000.

Mitsubishi 2011 rear projector models will be offered in sizes 73-inches and above.  At January’s CES, the company announced a 92-inch model to ship later this year.