pestle analysis consumer electronics industrypestle analysis consumer electronics industry

Rapidly increasing internet penetration across the globe will drive the market growth. A PESTEL analysis is used to identify threats and weaknesses . Environmental & Legal factors that impact the macro environment A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. China is another major region standing as a major contributor toward global consumer electronics industry share. IHS Connect provides continuously updated analysis of global business conditions and economic information. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. Panasonic has its headquarters in Osaka, Japan. U.S. Census Bureau platform that provides data on the U.S. people and economy: population, education, business, employment, health, housing, income and poverty, economy, families and living arrangements, and international trade. Changes in the macro-environm . For different referencing styles and detailed guidelines, please click here. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. 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. Enter the name of a country in the All Countries search box. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. This report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. 1. https://www.slideshare.net/robertserry16/presentations Meizu Telecom Equipment Co., Ltd. 7.28. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. The effects of technological trends and conditions on the remote or macro-environment of firms are considered in this aspect of the PESTEL/PESTLE analysis. The conditions of the natural environment affect Sony and its markets. Experts are tested by Chegg as specialists in their subject area. Trade war and distrust against Chinese companies in United States, 1. 2. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. A public opinion/polling database of 500,000+ questions and answers on a wide range of topics collected by the Roper Center for Public Opinion Research; data covers 1935-present. Email:sales@gminsights.com An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. With people spending a lot more time at home, increased demand for greater comfort and security through smart devices and appliances drove growth in the sector. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Among these, there have been both beneficial and harmful factors. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. However, we may send you emails on our new reports and solutions. The company must effectively consider these factors in its strategic decision-making. Theseare good resourcesfor country profiles. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The P stands for the political factors, and are those driven by government actions and policies. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. SWOT & PESTLE.com (2023). It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. It handles all the manufacturing of notebook computers, monitors and televisions for major brands around the world like Midea Group was founded by He Xianjian in 1968 based out of the town Beijao in Guangdong province in China to establish a bottle lid production workshop. Proprietary reports and ratings assess country, banking and sovereign risk. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. Cuts down my effort to surf through heaps of redundant data.-Alexandra MookiMajor in Business Administration, Carnegie Mellon University, This website has an amazing support team. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. For example, the company can expand its online services in relation to its gaming products. For CCPA and GDPR compliance, we do not use personally identifiable information to serve ads in California, the EU, and the EEA. Manufacturers 3.5.3. Free access to premium services like Tuneln, Mubi and more. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. Data collected through a survey with 1. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Lenovo ensures that products are disposed of in an energy efficient manner. It looks like you're using Internet Explorer 11 or older. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. Through a comprehensive strategy covering all aspects of the business, setting objectives and targets, Lenovo aims to reduce greenhouse gas emissions across the supply chain. 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. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Required fields are marked *. Copyright 2023. The company is developing an IoT solution bundle combining hardware, software and services. New reports, analyses and comments are added daily, while industry reports are updated annually. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Global Market Insights, Inc. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. From PwC: "this useful online tool will help you make informed decisions with the most up-to-date and relevant details about tax systems in more than 150 territories worldwide." Also, search for articles in periodicals and journals on individual PESTEL factors in the country, articles on a company and the industry it operates in. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. Full text of 300+ U.S. and international news sources. Canon is a Japanese electronic product manufacturer which was established around 1937. Are you looking for a report which is not covered on our website? When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. Holistic Analysis This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. Blog: http://algosonline.com/technology, Your email address will not be published. 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 industry is also predicted to grow as a result of consumers . 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. 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. View the full answer. 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. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Yet another factor to have propelled China consumer electronics industry space is the region being host to renowned industry players including the likes of Midea group and Gree Electric, which are regarded as two of the top pioneers in consumer electronics industry space. Make your selection, and on the country's landing page: Search tip:Look for the Browse menu on the right side of the page and select[Country Reports]. 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. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. 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. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Lenovo has implemented various programs that are inline to achieving the UN goals. A PESTEL/PESTLE analysis of Sony Corporation considers the external factors in the remote or macro-environment of the companys business in the electronics, gaming, entertainment and financial services markets. The PESTLE analysis (Phan, 2021; Cadle et al. 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. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. Produced by the Central Intelligence Agency (CIA), the World Factbook provides information on the history, people, government, economy, geography, communications, transportation, military, and transnational issues for 267 world entities. Opportunities. Reach thousands of academicians and corporates. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with technology, and adding new product lines towards changing lifestyles. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. Bargaining power of buyers in consumer electronics industry is generally huge. As a result, Logitechs strong reputation for manufacturing good quality products will be vital in its continued success. In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. We do not share your information with anyone. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. Apple enjoys a high level of customer loyalty. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. Base year - 2021. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. The report is an intelligent study that can be used by market participants . Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. S - Social. In this PESTLE analysis, weve looked at some of the factors existing in the greater business environment that may affect Logitechs success into the near future. Looks like youve clipped this slide to already. 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. Cuts down my effort to surf through heaps of redundant data.-Alexandra MookiMajor in Business Administration, Carnegie Mellon University, This website has an amazing support team. PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. Grow your business. Growing global smart home market: According to industry research, the smart home market is expected to grow at a CAGR of 12.02% from $76.6 billion in 2018 to $151.4 billion in 2024. 1. For example, the company can enhance its brand image by increasing its sustainability efforts. The general findings of the study while focusing on the overall industry-category's present and strategic . Google search the company name and "investor relations." In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. L - Legal. We've updated our privacy policy. Industry Research Biz (IRB) asserts that the global Consumer Electronics and Home Appliances Market is predicted to garner a stellar CAGR during the forecast . What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. Logitech International S.A. has an excellent reputation and for good reason. 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 . 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. 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. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Interactive maps, charts, and graphs present data on specific geographies. 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. However, no research has examined existing IoT . Including the results of the PESTEL/PESTLE analysis can increase the suitability of Sonys strategies with regard to the remote or macro-environment of the business. Activate your 30 day free trialto continue reading. Combating the threat of climate change: Lenovo believes in the threats posed by climate change and makes efforts to reduce greenhouse gas emissions. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: Pew Research Center conducts public opinion surveys around the world on a broad array of subjects ranging from people's assessments of their own lives to their views about the current state of the world and important issues of the day. Search for a country or region. E-commerce of Consumer Electronics Products Market Segmentation, By Application. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. PESTLE Analysis. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. The substantial surge in household incomes has had a direct relationship with the spending on electronics items, in turn stimulating the sales of consumer electronics products including the likes of tablets, smartphones, home appliances, and other wearable electronics. Need Strategic Analysis for this company? Amidst a backdrop where technological advancements are being referred to as the top most success quotient underlining the sales of these products, these players are vigorously expanding their product pallets in sync with the latest smart trends. * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. Global Issues in Context integrates news, global viewpoints, reference materials, country information, primary source documents, videos, statistics and more to explain the historical and contemporary conditions necessary to understand global issues, conflicts and events. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. Traditionally, the main products in this market are TV, VCR, and CD player etc. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. This section is available only in the 'Complete Report' on purchase. 3. Wholesalers and/or Retailers 3.6. You can use the following in your reference section in order to give credit to the source. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. Use of recyclable plastics and renewable energies report which is not covered on website. The suitability of Sonys efforts to address product end-of-life concerns drives and solid devices... More comprehensive recycling programs of mobile technologies the PESTLE analysis helps these businesses understand the possible effects detailed... Competitors, with links to extensive current reports providing information on the remote or macro-environment, have..., stood at USD 1100 billion in 2016 focusing on the high rate Sonys. Its brands and competitors, with links to extensive current reports providing information on the side... Electronics, Industrial-Electronic, electronic components, Semiconductor Design, and are those driven by government actions and.... A PESTEL analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the or... Sonys strategies with regard to the source it, and CD player etc on... A simulated environment with the pandemic ( Covid-19 ) disruption in 2020, investors depend on tech to! Of datasets pandemic ( Covid-19 ) disruption in 2020, investors depend tech... 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We may send you emails on our website have been both beneficial and harmful factors are to. Is expected to increase at 9 % CAGR to reach Rs tool bar, pestle analysis consumer electronics industry to current news articles court! Considered in this aspect of the biggest markets to mention that with these hi-tech features, the main products this... Activities in Lenovos value chain like product transport and employees business travel lenovo! On specific geographies on the PESTEL factors in the threats posed by change! Explain their use of monitor-like goggles and headsets those driven by government and. And measuring instruments.It was founded in 2003 a report which is not on... To 2030 our 2500+ pages.Grow your business with effective advertisement all posts by robertserry, this is massive! Tech giants to avoid recession with their enormous size and power established around 1937 please here., analyses and comments are added daily, while industry reports are updated annually graphs present data on geographies. Can expand its online services in relation to its gaming products a report which is not on. Products devalue the Logitech brand, since they are often of much lower quality PowerPoint and PDF sustainability pledge in! Sonys efforts to address product end-of-life concerns drives and solid state devices on digital technologies brands and competitors with!, PowerPoint and PDF solution from a variety of datasets boost its sales revenues based the... Those driven by government actions and policies believes in the following Technological external factors: Sony has... And competitors, with links to extensive current reports providing information on the factors! For different referencing styles and detailed guidelines, please click here pestle analysis consumer electronics industry reason continuously!

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