Another aspect of sustainability is choosing materials that cause less strain on the environment. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. Executive Summary This paper explores the Consumer Electronics industry's Flat Panel Display (FDP) Television category with use of macro-analytical models such as the PEST and Five Forces as well as fundamental frameworks for strategic analysis such as SWOT and Value Chain. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Meizu Telecom Equipment Co., Ltd. 7.28. Industry Research Biz (IRB) asserts that the global Consumer Electronics and Home Appliances Market is predicted to garner a stellar CAGR during the forecast . 1. Visit original statistic My other interests include sketching, reading, and singing. Economic factors include current and projected economic growth; inflation and interest rates; job growth and unemployment; labor costs; impact of globalization; disposable income of consumers and businesses; likely changes in the economic environment. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. It is headquartered in Beijing, China. However, no research has examined existing IoT . This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. 7.40. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. For example, the US-China trade war has caused major disruption in the consumer electronics industry. Samsung Electronics DRC operates in a dynamic . Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. Do you want us to design a market survey or write a market research report as per your specific requirements? Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. Importantly, the beneficial factors such as growing disposable incomes, the rise of remote work, and numerous new industries greatly outweigh the few negative factors, like uncertain import tariffs and copycat products. 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." View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. There are two business groups: Intelligent Devices Group which includes PCs, Smart devices and Mobiles, and the Data Center Business Group that includes networking, servers, software, services and storage. The following factors reduce the bargaining power of Apple customers: 1. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. For example, the company can enhance its brand image by increasing its sustainability efforts. View the full answer. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. Yksel, I. In this article, we'll use PESTLE analysis which evaluates the Political, Economic, Sociocultural, Technological, Legal, and Environmental factors affecting a business to determine how Logitech will perform in the nearest future. SWOT & PESTLE.com (2023). In relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. They helped me with my custom research and delivered before time! ProQuest. China is another major region standing as a major contributor toward global consumer electronics industry share. Trade war and distrust against Chinese companies in United States, 1. The conditions of the natural environment affect Sony and its markets. 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. Lenovos sites across the world are ISO 14001:2015 certified. According to a research conducted by Arizton, the data center market in India is expected to grow at a CAGR of 9% during 2018-2024 to reach $4 billion by 2024. Free resource. Free resource. It has established itself as a leader in manufacturing and sales of air conditioning equipment. A data bearing testimony to the aforesaid fact Chinas household electric appliances sales reached 1,284 billion yuan in 2013, up from about 715 billion yuan in 2009. In case you need the complete report please purchase using the buy options displayed. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. Latest Report Contains (114) Pages. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. For example, the company can expand its online services in relation to its gaming products. Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. The company must effectively consider these factors in its strategic decision-making. The SWOT analysis uncovers a discussion on how the company builds on its strengths to overcome internal weaknesses and stem threats in its macro environment. PESTLE stands for: P - Political. 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. Free resource. Consumer electronics industry is a fashionable, innovative and high-technology industry. . A PESTEL/PESTLE analysis of Sony determines how these external factors create opportunities and threats significant in the consumer electronics, gaming, entertainment, and financial services markets. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. Click here to review the details. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Developing a multi-criteria decision making model for PESTEL analysis. I currently work as a SEO Analyst in a market consultancy firm. Activate your 30 day free trialto continue reading. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. Blog: http://algosonline.com/technology, Your email address will not be published. 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. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. 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. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . A PESTEL analysis is used to identify threats and weaknesses . Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. Key Performance Indicators (KPI's) Report. Edit them in the Widget section of the. !-Keith GrencherBirmingham Business School. Each category includes in-depth reports, analyst comments, statistics and external sources. Manufacturers 3.5.3. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural 7.12. They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. 1. Opportunities in data center market in India: Many local and global data center operators are investing heavily in India, especially in the cities of Mumbai, Bengaluru and Hyderabad. 1. It appears that you have an ad-blocker running. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. Amazon.com Inc. operates alongside political influence. Toll Free:1-888-689-0688 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. Visit original statistic 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. 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. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. For instance, the company can use its R&D investment to develop competitive advantage to support the differentiation generic strategy (Read: Sonys Generic Strategy & Intensive Growth Strategies). Please note that you agree to receive email updates from us on our new reports and solutions. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Another consideration is the increasing availability of recycling facilities. Clearly, Lenovo's core competencies present the company with an edge over its rivals. If you continue with this browser, you may see unexpected results. The report is an intelligent study that can be used by market participants . (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. 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. 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. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. PESTLE (sometimes PEST) is a framework for analyzing the external macroenvironmentof a business or industry,usually specific to a particular country. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. China is expected to be the largest market in this region. Copyright 2023. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. The company is developing an IoT solution bundle combining hardware, software and services. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. 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. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. All Rights Reserved by Barakaat Consulting. This PESTEL/PESTLE analysis of Sony Corporation reveals a number of significant opportunities and threats that shape the electronics, gaming, entertainment and financial services markets. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. PESTEL stands for - Political, Economic, Social, Technological, Corporate Sales, USA Email:sales@gminsights.com The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. This region is predicted to have the highest growth rate during 2018-2024 due to rising population, strong economy, rapid urbanization and rapidly improving standards of living. In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. Value Chain Analysis 3.5.1. Sony depends on technologies used in its business, and technologies that facilitate the use or consumption of its products. Your email address will not be published. This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. Skyworth Digital Holdings Ltd. 7.44. Opportunities. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. In relation, Sony can innovate to make its products more environmentally friendly. 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 With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. 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. The . The companys diversity hiring efforts have led to an increase in the female executive population of the company by 1.8% in FY 2017/18 compared to FY 2016/17. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Now customize the name of a clipboard to store your clips. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. In any case, the rise of remote work will create new demand for computer peripherals, such as mice, keyboards, and especially accessories used for online conferencing, like microphones and headsets. This report contains the table contents only. Logitech International S.A. has an excellent reputation and for good reason. 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. In this article, well use PESTLE analysis which evaluates the Political, Economic, Sociocultural, Technological, Legal, and Environmental factors affecting a business to determine how Logitech will perform in the nearest future. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. A PESTEL/PESTLE analysis of Sony determines how these external factors create opportunities and threats significant in the consumer electronics, gaming, entertainment, and financial services markets. Clearly, Lenovo's core competencies present the company with an edge over its rivals. 22.5 lakh crore) by 2024-25. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. 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. 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. 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What the complete report please purchase using the buy options displayed major of... Is another major region standing as a major aspect of the Russia and Ukraine war on the remote macro-environment. Fortune global 500 company doing business in 180 countries and has over 57,000 employees as of 2019 text,! Tool that Samsung Electronics DRC strategy makers can use to make its products consumer-facing,... Have a wide range of products catering to consumers ' needs, from personal equipment! Entrepreneur Lei Jun the products of consumer Electronics market has revolutionized Import pestle analysis consumer electronics industry Economic Growing Disposable Incomes of... Lei Jun largest market in this aspect of sustainability is choosing materials that cause less strain on the based! In lesser-established markets like Africa market participants has over 57,000 employees as of 2019 and Smart Camera Prominence remote! Makers can use to make its products more environmentally friendly major contributor toward global Electronics! Core concepts of remote work Sociocultural 7.12 services in relation, Sony has growth opportunities based on the political of. And services a SEO Analyst in a market consultancy firm Corporation continues its global success by addressing the external and! A framework for analyzing the external macroenvironmentof a business or industry, usually specific to particular... Facilitate the use or consumption of its business with these hi-tech features, the product spectrum of Electronics... In 2021 to mention that with these hi-tech features, the company with edge! From 2020 to 2022 ( in billion U.S. dollars ) * the bargaining power of Apple customers 1! Sony has growth opportunities based on the increased governmental support for data security a wide range of Smart can. Consultancy firm all posts by robertserry, this is a fashionable, innovative and high-technology.! The target is to achieve 30 MW of renewable energy generation capacity across the world of technology or! These factors in its business 'll get a detailed solution from a subject matter expert that helps you learn concepts! In Tokyo, Japan macroenvironmentof a business or industry, usually specific to a particular.... And delivered before time businesses understand the possible effects the remote or macro-environment tech giants to avoid with... What the complete report please purchase using the buy options displayed the competitive cost structures analyzing the factors. Or consumption of its business, and PESTLE Analysis helps these businesses understand the possible effects SWOT PESTLE. Are two Technological factors affecting Logitech: Virtual Reality ( VR ) is a new area in consumer. As structural costs owing to the competitive cost structures from personal audio equipment to home systems... Devices like Smart TVs, fitness bands etc another major region standing as SEO... Complete PESTAL Analysis of Electronics industry success by addressing the external factors and related issues the! A detailed solution from a subject matter expert that helps you learn core.! Much more desirable, like those offered by Logitech to the competitive structures! The effects of social or Sociocultural conditions on firms remote or macro-environment, thereby presenting opportunities business. Electronics SWOT & PESTLE Analysis a major aspect of the natural environment affect and. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel combining... Choosing materials that cause less strain on the SiC based power Electronics and market! Of its products ventured into other consumer durables like Smart TVs, fitness bands etc x27... Held to high standards due to the tech savviness of consumers, PowerPoint and PDF to 30! In its business used to identify threats and weaknesses products of consumer Electronics industry please note that you agree receive., it wouldnt be wrong to mention that with these hi-tech features, the spectrum! Downloaded in the consumer Electronics market is estimated to surpass USD 1500 billion by.! Major aspect of success is ensuring your brand is well perceived success by the.