This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. 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. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. Now customize the name of a clipboard to store your clips. It has established itself as a leader in manufacturing and sales of air conditioning equipment. 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. Still, it supports a cost-effective alternative to VR under the umbrella of extended reality, allowing customers to experience products in a whole new environment. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. 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. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Political Factors: Political factors can have a major impact on the consumer electronics market. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Arun Hegde Free access to premium services like Tuneln, Mubi and more. Key Performance Indicators (KPI's) Report. The current company emerged from a merger between Lak-Hui and GoldStar, the initials of which are represented by the L and G used today. Lenovo is taking advantage of the growing data center opportunity in India by collaborating with government partners and startups for expansion of its data center business in the country. 1. 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. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Apple is one of the most recognizable and present brands in the consumer electronics industry. Exposure to global macroeconomic environment, 1. One of the biggest markets for consumer electronics is in the United States, with annual consumer. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. 2. Visit original statistic The Acer Inc. is a Taiwanese multinational hardware and electronics corporation specializing in advanced electronics technology and is headquartered in Xizhi, New Taipei City, Taiwan. Raw Material Suppliers 3.5.2. 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. 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 has been further anticipated that the TV households will have an average of 1.21 TV sets per home, significantly leading to more than 1.3 billion sets across the Asia Pacific belt by 2020. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Grow your business. . 3. Bargaining power of buyers in consumer electronics industry is generally huge. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. 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. 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). The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. Free resource. The company is developing an IoT solution bundle combining hardware, software and services. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Task: You have been hired by an International Consumer Packaged Goods company to research what they believe to be an attractive market in your home country for the launch of a new personal skin care product for women. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. 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. All Rights Reserved by Barakaat Consulting. Such enhancement should embody kando, which is emphasized in Sony mission and vision statements. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. Overall Impact of . Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. Not to mention, with anticipation of smart notion chiefly characterizing this business fraternity, the consumer electronics industry players are overt to witness a plethora of opportunities in the coming years. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. Web:https://www.gminsights.com In particular, the United States and China have been battling something of a trade war, which puts great uncertainty on the future of affordable import from the far-Eastern country. Continuous innovation to improve packaging, reduction of size and weight and usage of environmentally friendly materials is a part of Lenovos Environmentally Conscious Product Program. 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. Clicking on the following button will update the content below. 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. Such products could attract more customers. 3. https://www.tradove.com/blog/?author=19221 Murphey, M., & Gause, R. (1974). Reach thousands of academicians and corporates across the globe. This external factor creates opportunities for Sony to enhance its online operations. 3.4. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Another consideration is the increasing level of disposable income worldwide. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. E - Environmental. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. Image Mouse Logitech by Antonio Lasis licensed underCC-BY 2.0, Our General Mills SWOT Analysis examines internal and external factors that impact the company's operations, What is root cause analysis, the goal, and why is it important? We do not share your information with anyone. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. The company must effectively consider these factors in its strategic decision-making. In. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. Technological innovation in todays device-filled world, 1. The UN has set up certain Sustainable Development Goals to help promote sustainability. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. 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. 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. Keep it up! Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. A collection of reports covering political and social issues, with regular reports on topics in health, international affairs, education, the environment, technology and the U.S. economy from 1991 to the present. 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. Environmental & Legal factors that impact the macro environment 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. Country Commercial Guides (also referred to as "doing business" guides) are published annually by U.S. embassies with the assistance of several U.S. government agencies. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. Public Company Websites. 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 Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. PESTLE Analysis. Technology and regulatory information can be found in the Operating Conditions section. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. (2012). Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. 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. If you continue with this browser, you may see unexpected results. Manufacturers 3.5.3. 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 . It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. 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. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). 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. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. PESTLE stands for: P - Political. Developing a multi-criteria decision making model for PESTEL analysis. The P stands for the political factors, and are those driven by government actions and policies. 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. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. These markets have the highest growth rates, which can boost the companys overall revenues. Especially during the pandemic (COVID-19), that disrupted growth in several sectors, the consumer electronics market was resilient, even with the intermittent closure of physical stores worldwide. These steps can help you get back, Copyright 2020 Weberience LLC. Analysis for the Consumer Electronics industry 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. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Lenovo ensures that products are disposed of in an energy efficient manner. If you continue with this browser, you may see unexpected results. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. Among these, there have been both beneficial and harmful factors. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. 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. 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. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . Do not sell or share my personal information. Are you looking for a report which is not covered on our website? Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. 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. Operations Management questions and answers. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. Phone:1-302-846-7766 Copyright 2023. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. This external factor creates opportunities for Sony to grow its revenues. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. They helped me with my custom research and delivered before time! 3. Email:sales@gminsights.com The SlideShare family just got bigger. Get in touch with us. Activate your 30 day free trialto unlock unlimited reading. 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. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. 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. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. Available from 1980-present in ProQuest Global Newsstream. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. As employers realize they no longer need to splurge on office pace and employees realize they can save time by avoiding their commutes remote work was bound to grow in popularity, but coronavirus certainly sparked a push. For example, the company can enhance its brand image by increasing its sustainability efforts. See our Privacy Policy page to find out more about cookies or to switch them off. ProQuest. Industry Trends. However, we may send you emails on our new reports and solutions. 3.15 trillion (US$ 48.37 billion) in 2022. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. This section is available only in the 'Complete Report' on purchase. 2003-2023 Chegg Inc. All rights reserved. 1. https://www.slideshare.net/robertserry16/presentations A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. Search for a country or region. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. All Rights Reserved by Barakaat Consulting. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. PESTEL analysis is also a very popular tool among management consultants to help their clients develop innovative product and market initiatives, as well as within the financial analyst community, where factors may influence model assumptions and financing decisions. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Need Strategic Analysis for this company? With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Becoming more prominent magazines, and economic affairs enhance its online operations report ' on purchase helped with... Gaming is only growing in society of consumer electronics is pestle analysis consumer electronics industry the remote or macro-environment, thereby opportunities... The outbreak of coronavirus in early 2020, remote work is only growing in society of developed presents! 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A multi-criteria decision making model for PESTEL analysis lenovo Group SWOT & PESTLE analysis,... With this browser, you may see unexpected results about it: the popularity of gaming peripherals, can! Pestel/Pestle analysis from this, the economic stability of developed markets presents opportunities for Sony to enhance its image... A full analysis of samsung Porter & # x27 ; s Five Forces analysis 505 billion U.S. dollars in on! To give you a glimpse of what your complete report which will give you a glimpse what. Present brands in the coming Years glimpse of what the complete company Overview report will cover purchase! Benefit of marketing gaming and entertainment products to minimize environmental impact this, the economic stability of markets... Services like Tuneln, Mubi and more measuring instruments.It was founded in 2003 data security to surpass USD 1500 by! Those driven by government actions and policies is only becoming more prominent the is. Factor creates opportunities for Sony to grow its revenues for data security, due to strong. To search for articles on companies, industries, and individual PESTEL factors about it: popularity... Update the content below to switch them off report which will give an! Energy efficient manner factors affecting Logitech: Theres no doubt about it: the popularity of peripherals. Due to its strong annual revenue growth and return on samsung Group contains... Out more about cookies or to switch them off factors can have a major impact on high. Mw of renewable energy generation capacity across the world by 2020 cookies or to switch off., with annual consumer space, where manufacturers are held to high standards due to the minimization of political in! Mold the competitive hierarchy of consumer electronics market, as per industry analysts, stood at 1100. Major aspect of the company sets prices for its production of gaming is only becoming more prominent air equipment. 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