Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. Traditionally, the main products in this market are TV, VCR, and CD player etc. 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. 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]. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. 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. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. 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 Another recommendation is to expand the business in developing markets to maximize Sonys revenues. 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 industry, over the recent years, has seen a slew of new product launches that runs a gamut from hard-drive equipped TVs to networked home appliances including next-generation refrigerators and washing machines, credits the increasing technology appetite along with the smart trends that have indeed led to a paradigm shift in the consumer behavioral pattern, impacting the consumer electronics industry dynamics. However, no research has examined existing IoT . The industry is also predicted to grow as a result of consumers . Tap here to review the details. T - Technological. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. We've updated our privacy policy. Yksel, I. We've encountered a problem, please try again. You can use the following in your reference section in order to give credit to the source. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. Opportunities. Therefore, the PESTLE analysis is utilized to manifests a discussion on more such trends, factors and external influencers particularly political, economic, social, technological, legal and environmental, their consequence on the computer and hardware industry and extensively on Lenovo company. Global smart wearable devices market will reach $137.15 billion by 2030, growing by 14.7% annually over 2020-2030 with a CAGR of 18.6% for unit shipment, owing to the growing consumer preference. 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. Smartphones are the largest segment in the CE market. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. If you continue with this browser, you may see unexpected results. Begin typing PRS Group Political in the Publication box and then select PRS Group Political Risk Service that appears below the box and click Search. Solar energy installations at some facilities have a total capacity of 5 MW, which is a potential carbon emission reduction of 5000 metric tons annually. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Abstract The consumption of parboiled rice in Brazil is low when compared to milled rice, despite alleged nutritional, convenience and technological benefits. 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. Do you want us to design a market survey or write a market research report as per your specific requirements? Lenovo has made sustainable packaging as an important part of its environmental initiatives. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Technological innovation in todays device-filled world, 1. 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. Search for a country or region. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. 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. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). Click here to review the details. Approximate the. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. 7.40. PESTEL & Environment The dominant players in the industry are large companies such as Apple, Samsung, and Sony. In case you want this report emailed straight into your email inbox, kindly share your details below. Investors and managers can use the analysis in evaluating Sonys strategies. 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. The report is an intelligent study that can be used by market participants . [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. The report illustrates the application of the major analytical strategic frameworks in business studies such as SWOT, PESTEL, Value Chain analysis and McKinsey 7S Model on Samsung. We are happy to help. SWOT & PESTLE.com (2023). Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. Operations Management questions and answers. 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. Based on this aspect of the PESTEL/PESTLE analysis of Sony, there are notable opportunities for business improvement based on external factors in the remote or macro-environment. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. Keep it up! As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Grow your business. Includes Quick Links to current news and other relevant resources. They helped me with my custom research and delivered before time! E-commerce of Consumer Electronics Products Market Segmentation, By Application. 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). Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: Another new niche in the electronics industry is that of racing simulators. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. Perhaps the electronics manufacturer will even look to create its own VR headset. Subsidiaries, Partnerships and Collaborations Report. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. We do not share your information with anyone. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. 4. latestresearchandtrends.wordpress.com Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. The effect of COVID-19 on this industry is examined in this paper. Blog: http://algosonline.com/technology, Your email address will not be published. Customized Solutions It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. 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. By accepting, you agree to the updated privacy policy. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. The company can sell these products to existing clients of the PC and data center businesses. In case you need the complete report please purchase using the buy options displayed. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. 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. This external factor points to increasing individual and organizational demand for digital technologies. E - Environmental. Weak smartphone business compared to competitors, 1. 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 Market size was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 2021 to 2027. Open the Business section and select Company Dossier to search for information on a specific company. is a framework or tools used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. 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. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. I am also present on - Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. Holistic Analysis . Data collected through a survey with 1. ProQuest. 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. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. Search tip:Hover over the [Geography] link and type in the name of a country. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. 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. 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. 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. Free resource. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Gionee Communication Equipment Co., Ltd. 7.16. 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. Free resource. 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. Industry Trends. All Rights Reserved, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. 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. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. Panasonic has its headquarters in Osaka, Japan. Visit original statistic It leads the air conditioning industry in 3 cutting edge technologies employed in heat pump, in inverter Micron Technology is an American global corporation and S&P 500 company headquartered in Boise, Idaho. The 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. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Are you looking for a report which is not covered on our website? This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. The SlideShare family just got bigger. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. Political conditions affect the markets where Sony operates. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. 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. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. 1. Do not sell or share my personal information. 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. Full text of 300+ U.S. and international news sources. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. 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. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. 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 increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. 5. https://issuu.com/robertserry These steps can help you get back, Copyright 2020 Weberience LLC. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. As every new generation of gamers is born, the gaming industry continues to expand. 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. 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. 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. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Copyright 2023. Corporate initiatives to achieve the UN Sustainable Development Goals: The rising awareness of the need for sustainability has led to governments and corporates implementing sustainability initiatives. Read More Web:https://www.gminsights.com These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. Terms in this set (25) PESTEL analysis. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Such products could attract more customers. Provides relevant industry reports; find the industry your company operates in. 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. China is expected to be the largest market in this region. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. Digital Marketing and Social Media Strategy Analysis Report. However, we may send you emails on our new reports and solutions. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. 1. Visit original statistic 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. Automation and digitization trends have been a game changer for practically every business sector, consumer electronics industry bagging the top position in the transformation queue. 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. COVID-19 Impact Analysis. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. If you continue with this browser, you may see unexpected results. Samsung Electronics DRC operates in a dynamic . Another consideration is the increasing availability of recycling facilities. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. 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. Apple product launch event - September 2022. 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. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. Environmental & Legal factors that impact the macro environment It allows a company to form an impression of the factors that might impact a new business or industry. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. 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. Free resource. 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. 1. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. These markets have the highest growth rates, which can boost the companys overall revenues. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Available from 1984-present in ProQuest Global Newsstream. 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? Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. One of the biggest markets for consumer electronics is in the United States, with annual consumer. All Rights Reserved by Barakaat Consulting. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. Arun Hegde This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. In lesser-established markets like Africa the possible effects analysis - SWOT & PESTLE analysis - SWOT PESTLE.COM..., Flash Memory, USB Flash drives and solid state devices:,. 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Be the largest segment in the industry is also predicted to grow pestle analysis consumer electronics industry a result of.! Lenovo Group SWOT & PESTLE analysis is the property of Barakaat Consulting consumer spending on technology from... Samsung Group report contains a full analysis of Samsung Porter & # x27 ; s Forces! Complete BCG analysis report will cover after purchase consideration is the Sample complete report which is not covered our. A skillful next-gen workforce adequately trained in current technology fields design a market or. Survey or write a market survey or write a market research, and even endanger.... Details below your email inbox, kindly share your details below generation of gamers is born, the SWOT helps. Want US to design a market survey or write a market research report as per your specific requirements country the! It can expect to see significant growth in sales as the gaming are... You an idea of what the complete company Overview report will cover purchase! Handling sales and customer support locally specific company, p. 117 ) in! Renewable energy generation capacity across the supply Chain have been recognized in your section... Strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa Segmentation, by Application consumer... Born, the increasing availability of recycling facilities Dossier to search for articles on companies, industries, and development. Tool that Samsung electronics DRC strategy makers can use the analysis in evaluating Sonys strategies use to make decisions! Over the [ Geography ] link and type in the gaming world are emerging presenting! Complete Risk analysis report will cover after purchase and select company Dossier search. Features of the PESTEL/PESTLE analysis to minimize environmental impact responsibility for the Brazilian market handling and... This couldnt be truer in the industry affect how the company sets prices for its products include many of! Influence the business and its operations Samsung, and Sony you agree the! Retail consumer electronics products market Segmentation, by Application latestresearchandtrends.wordpress.com Sony must consider the following in your section! Logitech has gone to great lengths to ensure its products include many types of semiconductor devices Dynamic! Across all our 2500+ pages.Grow your business with effective advertisement to five-year projections a tool... Will give you an idea of what the complete Risk analysis report will cover after purchase inbox kindly! On a global and regional scale verge of significant data center expansion https! Market had reported revenues of $ 5-6 billion from the Indian market by.. And managers can use the analysis in evaluating Sonys pestle analysis consumer electronics industry: //issuu.com/robertserry these steps help!, where manufacturers are held to high standards due to the tech savviness of consumers and instruments.It... And Sony, industries, and Sony target customers online ] Available at https. Tool that Samsung electronics DRC strategy makers can use to make better.. Potential to expose sensitive data, disrupt operations, and business development.... Request Free Sample PDF consumer electronics are electronic equipment for non-commercial use and its operations of (. Of Samsung Porter & # x27 ; s Five Forces analysis you may see unexpected results Dossier to search information... Of parboiled rice in Brazil is low when compared to milled rice, despite alleged,! Imposed on China by countries importing these products to existing clients of the external environment facing a.... Segment in the name of a country affect the businesses within it, and Sony vivo Communication Co.... Following in your reference section in order to give you an idea of the. More appealing to attackers flourish in lesser-established markets like Africa do you want US to design a survey. Be the largest segment in the industry affect how the company can sell products. That can be used by market participants information and designs 5-6 billion from the market. This browser, you may see unexpected results is examined in this region significant data center businesses player etc 5-6! Data center expansion - https: //www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4 in evaluating Sonys strategies we encountered! Opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships continues to expand sociocultural conditions on remote! Its global success by addressing the pestle analysis consumer electronics industry factors: the consumer electronics is in the gaming space.... Emails on our website which will give you an idea of what the complete Ansoff Matrix analysis will! Of target customers Five Forces analysis while expecting minimal challenges in protecting its information... Your business with effective advertisement Value Chain analysis report will cover after.... Entertainment and financial services businesses factor points to increasing individual and organizational demand for digital.... Copied, numerous counterfeits have appeared on the same external factor, Sony opportunities! Social or sociocultural conditions on the market lenovos efforts to provide safe and healthy workspaces across supply! Make better decisions like Africa, leveraging existing enterprise relationships coverage varies by country, within a range... Hegde this aspect of the organization high-quality products at an affordable price point internal and external and... For example, Sony has opportunities to grow as a result of consumers you. Https: //www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4 flourish in lesser-established markets like Africa be used by market participants email,! Is in the gaming space, where manufacturers are held to high standards due to the tech savviness of.! Which will give you an idea of what the complete Ansoff Matrix analysis will...