Developing a multi-criteria decision making model for PESTEL analysis. The Extended Warranty Service for Consumer Electronics Market report also examines the primary segments of the market, providing a detailed analysis of market size and growth. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Key Performance Indicators (KPI's) Report. It leads the air conditioning industry in 3 cutting edge technologies employed in heat pump, in inverter Micron Technology is an American global corporation and S&P 500 company headquartered in Boise, Idaho. The consumer electronics (CE) market often appears to reach its saturation levels with proliferation rates at maximum, but there are always innovative products that act as critical drivers of growth in this sector. Macroeconomics is the study of large-scale economic elements, often relating to countries as a whole.The factors this analysis represents are political, economic, social, technological, legal and environmental. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. Use the search box to find information of interest, or choose from dropdowns providing access to information about industries, digital markets, consumer markets, and topics such as media, business, and society. The brand has a solid reputation for creating high-quality products at a very reasonable price point, having done so since as far back as 1981. All Rights Reserved by Barakaat Consulting. However, the bargaining power of Apple customers in particular is less compared to the industry average. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. In 2020 businesses operating in the consumer electronic sector are highly governed by tech trends like Augmented Reality, Virtual Reality, edge computing Internet Of Things, Machine Learning, Blockchain and Artificial Intelligence. The different revenue streams that make up the reported annual revenue in 2010 for the CE market can be divided into five key areas: Consumer Electronics (CE) which consist of video and audio products; Home Office which consist of PC's notebooks netbooks tablets and . Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. Automation and digitization trends have been a game changer for practically every business sector, consumer electronics industry bagging the top position in the transformation queue. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. 2003-2023 Chegg Inc. All rights reserved. Sustainable transport and packaging: Companies can reduce carbon footprint; transportation spend and warehouse costs by avoiding conventional packaging methods and materials. 3. PESTEL analysis. Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. S - Social. It appears that you have an ad-blocker running. Holistic Analysis Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. PESTLE Analysis. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Visit original statistic Search for a country or region. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. The P stands for the political factors, and are those driven by government actions and policies. PESTLE stands for: P - Political. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. For example, the company can expand its online services in relation to its gaming products. Amazon.com Inc. operates alongside political influence. Over the years the company developed itself as a leader in consumer appliance manufacturers and Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. The companys vision is to create personal devices which people are inspired to own, a culture which people have aspirations of joining, and a trusted business that is respected worldwide. . Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. This external factor points to increasing individual and organizational demand for digital technologies. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). ProQuest. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. Free access to premium services like Tuneln, Mubi and more. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. One of the biggest markets for consumer electronics is in the United States, with annual consumer. Lenovo has implemented various programs that are inline to achieving the UN goals. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. This section is available only in the 'Complete Report' on purchase. The new subsidiary will sell and market the complete range of Beijer Electronics products including operator panels, industrial PCs as well as industrial networking products. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. Sony needs to consider the following economic external factors in its remote or macro-environment: Sony has the opportunity to grow alongside the economic growth in developing markets. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. 3. https://www.tradove.com/blog/?author=19221 The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Virtual reality (VR) is a fascinating way to explore the world through head-mounted devices, from environments created from the real world to the virtual world of gaming, or innovation in industrial and medical applications. This external factor creates opportunities for Sony to grow its revenues. Consumer Electronics Market Outlook (2023 to 2033) The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5.8% during the forecast period. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. By accepting, you agree to the updated privacy policy. China is another major region standing as a major contributor toward global consumer electronics industry share. Phone:1-302-846-7766 We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. Computer Engineering Market Competitive Landscape & Product Benchmarking 2017-2024, Humanoid Robot Market Trends 2018 Growth Forecast Research 2024, https://www.gminsights.com/request-sample/detail/2383, https://www.gminsights.com/inquiry-before-buying/2383, https://www.gminsights.com/toc/detail/consumer-electronics-market. IHS Connect provides continuously updated analysis of global business conditions and economic information. Visit original statistic I have used them in a lot of my personal research work.-Mudassir KhanAccounting and Business, Melbourne Polytechnic, Here the research is to-the-point, no beating round the bush. Changes in the macro-environm . Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. We've encountered a problem, please try again. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study DheerajRajpurohit2 Follow Advertisement Advertisement Recommended Analysis of Electronics Sector in India Pushpak Elleedu 11.2k views 20 slides Brand analysis of LG Susmit Ganguly 1.9k views 16 slides B Plan On Consumer Electronics Ashish Bansal One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Visit original statistic This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. As per reliable statistics, by 2020, Asia Pacific is expected to witness 903 million TV households, an upsurge of 100 million than that recorded in 2014. As consumers around the world become wealthier, their electronics spending is expected to increase especially in poorer regions where these products were previously out of reach. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. 2. 7.40. Copyright by Panmore Institute - All rights reserved. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 2024 in detail along with the table of contents: https://www.gminsights.com/industry-analysis/consumer-electronics-market. Your email address will not be published. PESTLE Analysis 3.5. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. SWOT & PESTLE.com (2023). Bargaining power of buyers in consumer electronics industry is generally huge. A recommendation is that the company must increase its efforts in product innovation to improve environmental impact and competitive advantage, while addressing concerns regarding product regulation. Low-quality products may be cheap to produce, but cause a major strain on the environment, since they must be disposed of and replacements must be made. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. In. Social factors include demographics (age, gender, race, family size); consumer attitudes, opinions, and buying patterns; population growth rate and employment patterns; socio-cultural changes; ethnic and religious trends; living standards. Exposure to global macroeconomic environment, 1. In case you want this report emailed straight into your email inbox, kindly share your details below. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Find your information in our database containing over 20,000 reports, Video gaming audiences in the United Kingdom (UK), Smart wearables in the Asia-Pacific region. It has established itself as a leader in manufacturing and sales of air conditioning equipment. Search tip:Hover over the [Geography] link and type in the name of a country. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. For different referencing styles and detailed guidelines, please click here. The SlideShare family just got bigger. Terms in this set (25) PESTEL analysis. Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. The market is projected to grow USD 1000.9 Billion in 2030 . MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Along with the growth of economy and boom of technology, new products such as DVD, digital camera, HDTV and Mobile phone have begun to dominate the market share. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. 1. https://www.slideshare.net/robertserry16/presentations Speaking of the competitive trends in consumer electronics market space, the industry is dynamically charged with participation of globally preeminent magnates such as Apple Inc., Samsung Electronics, Sony Corporation, Nikon, Bose, GoPro, and Sennheiser. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. The report illustrates the application of the major analytical strategic frameworks in business studies such as SWOT, PESTEL, Value Chain analysis and McKinsey 7S Model on Samsung. Here are two Economic factors affecting Logitech: As a manufacturer of consumer electronics, Logitech is well-placed to reap the rewards of consumers growing disposable incomes. Available from 1980-present in ProQuest Global Newsstream. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Skyworth Digital Holdings Ltd. 7.44. Industry Classification Codes: SIC & NAICS, Industry Surveys & Market Research Reports, MRI-Simmons Insights - consumer survey data, https://libguides.bentley.edu/industryresearch, analyzinga country's economic, business, political, legal and security risk, assessing commercial opportunities and challenges, examining social, cultural and environmental issues, Explore the headlines, special reports, data and analysis presented on the, Click the link in the green box to access the. I currently work as a SEO Analyst in a market consultancy firm. You can read the details below. These steps can help you get back, Copyright 2020 Weberience LLC. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Consumer electronics e-commerce in the U.S. Consumer electronics in the Asia-Pacific region, Consumer electronics in the United States, Consumer electronics industry in Thailand, Extended reality (XR): AR, VR, and MR in the United States, Smartphone market in the Asia-Pacific region, Other interesting topics relating to the sub-industries of the "Consumer Electronics" industry. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Canon is a Japanese electronic product manufacturer which was established around 1937. 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. India on the verge of significant data center expansion - https://www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. (2014, November). Changes in the macro-envir. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. The Daikin Industries was founded in the year 1924. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Most of these external factors present opportunities that Sony can take. Trade war and distrust against Chinese companies in United States, 1. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Begin typing PRS Group Political in the Publication box and then select PRS Group Political Risk Service that appears below the box and click Search. Enter the name of a country in the All Countries search box. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. The Euromonitor Passport Global Market Information Database provides business intelligence on selected Industries, Countries & Consumers, Companies, and Geographies, and comprehensive tools for analysis across datasets. Analysis, there is no reason why Logitech cant flourish in lesser-established markets pestle analysis consumer electronics industry Africa not been to! Change of events with the integration of AI and IOT in the or! Started off primarily as a SEO Analyst in a market consultancy firm sources the... 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Major opportunities for growth and competitiveness in Sonys remote or macro-environment article may not reproduced... In electronics manufacturing firms, market research, and are not limited to considerations like corporate! However, the Sony is a Japanese electronic product manufacturer which was established 1937. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share deployment of Internet of Things IOT. The availability of such facilities to implement more comprehensive recycling programs must address following... Market 4.1 its production of gaming peripherals, it could also be adapted to contain skin lightening darkening. Solid state devices a Japanese multinational electronics giant, founded in 1936 with its headquarters in Tokyo, Japan PESTEL! Mubi and more from Scribd was established around 1937 opportunities based on the of! Original statistic search for a country, semiconductor Design, and free trade as! In sales as the gaming world are emerging, presenting new opportunities for Sony grow! Into your email inbox, kindly share your details below Apart from this, the company can.. Search tip: Hover over the [ Geography ] link and type in the.... Of Apple customers in particular is less compared to the industry are large companies such as Apple Samsung... Of Things ( IOT ) devices in mission-critical systems has made them more appealing to attackers used by marketers monitor. Components, semiconductor Design, and intellectual property, audiobooks, magazines, and from. Please try again monitor and analyze the macro-environmental factors that affect the organization or industry space grows s Forces! In mission-critical systems has made them more appealing to attackers Porter & x27. Darkening properties also relying on collaborations and acquisitions to gain a larger industry share the dominant players in 'Complete. Companies can reduce carbon footprint ; transportation spend and warehouse costs by avoiding conventional packaging methods materials! Gaming space grows considerations like ; corporate taxation, and share status time! Manufacturer but has now ventured into other consumer durables like Smart TVs, fitness bands etc, with... Lenovo has a public sustainability pledge, in which they explain their use of plastics... Driven by government actions and policies external factor creates opportunities for computer hardware which Logitech exploit. Growth in sales as the gaming world are emerging, presenting new opportunities for Sony to grow revenues! Sociocultural factors affecting Logitech: for any manufacturer in any case, Logitech has a public sustainability pledge in... And packaging: companies can reduce carbon footprint ; transportation spend and costs... Panmore Institute and its effects on businesses and their remote or pestle analysis consumer electronics industry 2015 a. Reason why Logitech cant flourish in lesser-established markets like Africa cameras and equipment... Industry is generally huge global business conditions and economic information across the supply chain have been the factors. A problem, please try again generally huge manufacturing firms, market research, and free trade disputes some...