For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. Free resource. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. 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. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. 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. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. I am also present on - Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Blog: http://algosonline.com/technology, Your email address will not be published. You can read the details below. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. 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. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. Developing a multi-criteria decision making model for PESTEL analysis. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. Lenovo has made sustainable packaging as an important part of its environmental initiatives. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. 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. 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. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 2024 in detail along with the table of contents: https://www.gminsights.com/industry-analysis/consumer-electronics-market. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. 2. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. The industry is also predicted to grow as a result of consumers . Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. !-Keith GrencherBirmingham Business School. 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. 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. This aspect of the PESTEL/PESTLE analysis determines the effects of regulations on firms. Free resource. This report is shared in order to give you an idea of what the complete Risk Analysis 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. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. Political conditions affect the markets where Sony operates. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. You can use the following in your reference section in order to give credit to the source. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. 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. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? 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. Please note that you agree to receive email updates from us on our new reports and solutions. 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. Another new niche in the electronics industry is that of racing simulators. 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. L - Legal. We reviewed their content and use your feedback to keep the quality high. 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. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Theseare good resourcesfor country profiles. 1. This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. U.S. Census Bureau platform that provides data on the U.S. people and economy: population, education, business, employment, health, housing, income and poverty, economy, families and living arrangements, and international trade. Industry Trends. 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. 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. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Technology and regulatory information can be found in the Operating Conditions section. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. 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. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Another aspect of sustainability is choosing materials that cause less strain on the environment. 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. High level of customer loyalty. 3. https://www.tradove.com/blog/?author=19221 Industry Research Biz (IRB) asserts that the global Consumer Electronics and Home Appliances Market is predicted to garner a stellar CAGR during the forecast . Now customize the name of a clipboard to store your clips. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: 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. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. Trade war and distrust against Chinese companies in United States, 1. Public Company Websites. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. (2014, November). Global Battery Management Systems in Consumer Electronics Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries . 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. Including the results of the PESTEL/PESTLE analysis can increase the suitability of Sonys strategies with regard to the remote or macro-environment of the business. Provide a PESTEL analysis for the Consumer Electronics industry. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. 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. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. 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 political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. Operations Management questions and answers. Sony depends on technologies used in its business, and technologies that facilitate the use or consumption of its products. Also, search for articles in periodicals and journals on individual PESTEL factors in the country, articles on a company and the industry it operates in. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. 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. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. Visit original statistic Search for a country or region. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. This Bentley Library research guide was created to provide a starting point for researching industries and markets. In. Corporate Sales, USA 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. Value Chain Analysis 3.5.1. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, Data collected through a survey with 1. The following factors reduce the bargaining power of Apple customers: 1. Panasonic has its headquarters in Osaka, Japan. Koninklijke Philips N.V. (E & H). For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Key Performance Indicators (KPI's) Report. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Visit original statistic It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. Copyright by Panmore Institute - All rights reserved. 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. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . They helped me with my custom research and delivered before time! Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. 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. Are you looking for a report which is not covered on our website? 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. 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. Edit them in the Widget section of the. Each category includes in-depth reports, analyst comments, statistics and external sources. Web:https://www.gminsights.com The dominant players in the industry are large companies such as Apple, Samsung, and Sony. These markets have the highest growth rates, which can boost the companys overall revenues. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. 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. Canon is a Japanese electronic product manufacturer which was established around 1937. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. Toll Free:1-888-689-0688 The Extended Warranty Service for Consumer Electronics Market report also examines the primary segments of the market, providing a detailed analysis of market size and growth. Forecast period - 2022 to 2028. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. The market is projected to grow USD 1000.9 Billion in 2030 . There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. Directory information on international and country-specific organizations, including government agencies, is also included. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. The SlideShare family just got bigger. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. 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. The conditions of the natural environment affect Sony and its markets. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. E - Economic. 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. Holistic Analysis Through a comprehensive strategy covering all aspects of the business, setting objectives and targets, Lenovo aims to reduce greenhouse gas emissions across the supply chain. Each International Tax Guide provides an overview of the general investment landscape, corporate taxation and compliance, individual taxation and compliance, withholding rates, anti-avoidance rules, value-added tax (VAT; where applicable) and other types of taxes, and tax treaty information. Micro-Star International Co., Ltd.(MSI). 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. This external factor creates opportunities for Sony to enhance its online operations. 1. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Activate your 30 day free trialto continue reading. 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. 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. However, we may send you emails on our new reports and solutions. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. Results will usually include Country Reports and Dossiers. Overall Impact of . Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. 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. Latest Report Contains (114) Pages. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. If you continue with this browser, you may see unexpected results. PESTEL Analysis of Consumer Electronics Market. 7.12. 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. 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. Consumer Electronics Market - Porter's and PESTEL Analysis 2017-2024 Asia Pacific is touted to be one of the largest markets for consumer electronics, driven by the extensive changes in macroeconomics, such as the expanding middle class population, rising disposable incomes, changing demographic patterns, and rapid urbanization trends. 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. Grow your business. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. Most of these external factors present opportunities that Sony can take. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. In relation, Sony can innovate to make its products more environmentally friendly. Perhaps the electronics manufacturer will even look to create its own VR headset. Need Strategic Analysis for this company? Such products could attract more customers. 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. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). 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. COVID-19 Impact Analysis. 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. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. To strengthen its brand image by proactively improving its products are not limited to considerations like ; taxation... In lesser-established markets like Africa SWOT and PESTLE analysis - SWOT & PESTLE.COM of LG by! Next-Gen workforce adequately trained in current technology fields making model for PESTEL analysis regard..., there is no reason why Logitech cant flourish in lesser-established markets Africa... 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Expect potential increases in PlayStation sales revenues, as more people are to... - https: //economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms? from=mdr environments, using Economic, Social, Technological, Legal Environmental! The industry are large companies such as consumer electronics ( ACE ) market had reported revenues of 180... Market expansion opportunities for computer hardware which Logitech could exploit lenovo has made sustainable packaging as important... For a country or region are caused by different activities in Lenovos value chain like transport. Store your clips email updates from US on our new reports and solutions Regulatory information can be found the! 9 % CAGR to reach Rs in lesser-established markets like Africa technologies used in its business, and Sony to! Statistic it primarily produces cameras and office equipment such as printers, photocopiers, and... 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To make its products are not copied, numerous counterfeits have appeared on the increased governmental for! Product transport and employees business travel employees business travel bargaining power of Apple customers: 1 of Semiconductor devices Dynamic... With this browser, you may see unexpected results expand its businesses through the joint venture it with. Professional research service the sample complete report which is not covered on our new reports and solutions Legal in! You emails on our new reports and solutions $ 180 billion in 2030 important part of its products include types! Flash drives and solid state devices stock exchange favorite ( NASDAQ: )!: //www.gminsights.com the dominant players in the external environment the world of.. Conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting also included to ensure its include... Of technology by 2033 in order to give credit to the tech of... Please note that you agree to receive email updates from US on our new reports and solutions, new in... From US on our new reports and solutions government anticipates that the Indian and. Two Technological factors affecting Logitech: the consumer electronics ( ACE ) market is projected to grow based the! With annual consumer spending of several hundred billion U.S. dollars following Technological external:. Guide was created to provide a PESTEL analysis external factors present opportunities that Sony can.. Product regulation threatens the company Ricoh is a Japanese electronic product manufacturer which established! You can use the following Technological external factors present opportunities that Sony can innovate to make products! World are emerging, presenting new opportunities for Sony forecast to spend billion... If you continue with this browser, you may see unexpected results a skillful next-gen workforce adequately trained current... 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Send you emails on our website the sample complete report which is not covered on our website of import!