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. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. This external factor points to increasing individual and organizational demand for digital technologies. Free resource. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. Panasonic has its headquarters in Osaka, Japan. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. In relation, governments are developing additional measures to support online business. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. 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. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 5. https://issuu.com/robertserry Corporate Sales, USA Apple is one of the most recognizable and present brands in the consumer electronics industry. Logitech International S.A. has an excellent reputation and for good reason. Technological factors affect marketing in (1) new ways of producing goods and services; (2) new ways of distributing goods and services; (3) new ways of communicating with target markets. This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. 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 relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. Email:sales@gminsights.com 1. https://www.slideshare.net/robertserry16/presentations Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. 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. Search for a country or region. 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. (2012). Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. Forecast period - 2022 to 2028. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. The industry is also predicted to grow as a result of consumers . Industry Analysis. PESTEL & Environment Analysis for the Consumer Electronics industry PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics industry. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. This report contains the table contents only. Open the Business section and select Company Dossier to search for information on a specific company. of Electronics industry. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer LG Electronics, Inc., was established in the year 1958 under the name of GoldStar. The company can sell these products to existing clients of the PC and data center businesses. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. For example, the company can enhance its brand image by increasing its sustainability efforts. Latest Report Contains (114) Pages. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. China is another major region standing as a major contributor toward global consumer electronics industry share. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. You can use the following in your reference section in order to give credit to the source. 1. The growth drivers are: large number of internet users, increasing usage of smart devices, rising awareness of healthy lifestyles and fitness, rising importance given to monitoring homes from remote locations and rising need for energy efficient solutions. Google search the company name and "investor relations." The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Your email address will not be published. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. 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. Interactive maps, charts, and graphs present data on specific geographies. The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. 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 steps can help you get back, Copyright 2020 Weberience LLC. * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. Lenovo has announced in 2019 its plans to quadruple IoT investment. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. Environmental factors are important due to the increasing scarcity of raw materials; pollution targets; doing business as an ethical and sustainable company; carbon footprint targets. India is one of the 10 countries identified by Lenovo for data center expansion. 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. Fuji, as it is Panasonic is a Japanese multinational company founded in 1918 by Konosuke Matsushita and was originally known as Matsushita Electric Industrial Co which was later changed to Panasonic in 2008. The conditions of the natural environment affect Sony and its markets. Need Strategic Analysis for this company? PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. Reach thousands of academicians and corporates. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. 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. High level of customer loyalty. We reviewed their content and use your feedback to keep the quality high. Another new niche in the electronics industry is that of racing simulators. Apple enjoys a high level of customer loyalty. 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. They may also include shifters, handbrakes, and other such automotive peripherals. It appears that you have an ad-blocker running. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. Available from 1984-present in ProQuest Global Newsstream. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. The company is developing an IoT solution bundle combining hardware, software and services. I am also present on - This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. 3. Lenovo has implemented various programs that are inline to achieving the UN goals. We are happy to help. Global Market Insights, Inc. The effect of COVID-19 on this industry is examined in this paper. 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. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. 7.40. The core scenario for Bangladesh's consumer electronics market is for the growth dynamic to strengthen in 2023 and then remain on a strong trajectory throughout the medium-term forecast period to 2026. 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. 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 examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Yksel, I. We do not share your information with anyone. The following sociocultural external factors are relevant in the case of Sony Corporation: The increasing adoption of online gaming and the improving wealth distribution create more opportunities for Sony to increase its revenues from the sale of its gaming products. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. 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. Public Company Websites. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. Changes in the macro-environm . Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. Opportunities. Bargaining power of buyers in consumer electronics industry is generally huge. 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. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. 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 aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. 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. See our Privacy Policy page to find out more about cookies or to switch them off. 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. The PESTLE analysis (Phan, 2021; Cadle et al. 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. Please refer to the Terms and Conditions and Disclaimer for usage guidelines. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. 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. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. Lenovo has made sustainable packaging as an important part of its environmental initiatives. 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 company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. The UN has set up certain Sustainable Development Goals to help promote sustainability. 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. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. 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. 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. Strong market potential in Internet of Things (IoT) business: According to projections by Bain, the IoT market is expected to double between 2017 and 2021, reaching $520 billion. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Such products could attract more customers. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. 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. 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. 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. Among the giants, Apple was named one of the most valuable brands in the world. Base year - 2021. 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 markets have the highest growth rates, which can boost the companys overall revenues. 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. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. The company focuses on initiatives to meet the following goals: quality education, gender equality, decent work and economic growth, industry innovation and infrastructure, responsible consumption and production, and climate action. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. Required fields are marked *. 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. They helped me with my custom research and delivered before time! Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*, Further details: In Amazon's case, the following political external factors are important in the development of the e-commerce industry: Another consideration is the increasing availability of recycling facilities. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. 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