pestle analysis consumer electronics industry

For different referencing styles and detailed guidelines, please click here. 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. 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 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. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. If you continue with this browser, you may see unexpected results. 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 Subsidiaries, Partnerships and Collaborations Report will cover after purchase. They helped me with my custom research and delivered before time! 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. 2. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. Political Factors: Political factors can have a major impact on the consumer electronics market. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. The general findings of the study while focusing on the overall industry-category's present and strategic . As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Phone:1-302-846-7766 7.12. 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. The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. Wholesalers and/or Retailers 3.6. Developing a multi-criteria decision making model for PESTEL analysis. Apple is one of the most recognizable and present brands in the consumer electronics industry. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. 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. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. Lenovo has announced in 2019 its plans to quadruple IoT investment. Meizu Telecom Equipment Co., Ltd. 7.28. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. 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. One of the biggest markets for consumer electronics is in the United States, with annual consumer. 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. This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. We are happy to help. 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. The Daikin Industries was founded in the year 1924. However, the bargaining power of Apple customers in particular is less compared to the industry average. 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. 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. 1. https://www.slideshare.net/robertserry16/presentations E-commerce of Consumer Electronics Products Market Segmentation, By Application. It is headquartered in Beijing, China. Activate your 30 day free trialto unlock unlimited reading. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. SWOT & PESTLE.com (2023). This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Yksel, I. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. Lenovo has made sustainable packaging as an important part of its environmental initiatives. Manufacturers 3.5.3. Reach thousands of academicians and corporates across the globe. 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 Porter's Five Forces Analysis Report will cover after purchase. This external factor creates opportunities for Sony to grow its revenues. Keep it up! Copyright by Panmore Institute - All rights reserved. Raw Material Suppliers 3.5.2. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. A PESTEL analysis is used to identify threats and weaknesses . Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. The companys diversity hiring efforts have led to an increase in the female executive population of the company by 1.8% in FY 2017/18 compared to FY 2016/17. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. This external factor is a threat because it creates more challenges against the company. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. 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. 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 . UCF Research Guides. Toll Free:1-888-689-0688 In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. 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 PESTLE analysis (Phan, 2021; Cadle et al. Top Quality. 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. They may also include shifters, handbrakes, and other such automotive peripherals. . Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. 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. 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. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Social factors include demographics (age, gender, race, family size); consumer attitudes, opinions, and buying patterns; population growth rate and employment patterns; socio-cultural changes; ethnic and religious trends; living standards. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. 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. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. 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 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. 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. Looks like youve clipped this slide to already. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. Murphey, M., & Gause, R. (1974). 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. It looks like you're using Internet Explorer 11 or older. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. 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 high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. Another consideration is the increasing availability of recycling facilities. New reports, analyses and comments are added daily, while industry reports are updated annually. 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. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. Visit original statistic In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. Clearly, Lenovo's core competencies present the company with an edge over its rivals. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. I currently work as a SEO Analyst in a market consultancy firm. Moreover, the report contains analyses of Samsung leadership, business . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. 5. https://issuu.com/robertserry What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Visit original statistic E - Environmental. 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. Do not sell or share my personal information. Search for a country or region. OECD (Organisation for Economic Co-operation and Development) publishes economic surveys, comparative statistics, regular outlooks and annual overviews for its 34 member countries and some major additional countries. Subsidiaries, Partnerships and Collaborations Report. 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. Overall Impact of . IHS Connect provides continuously updated analysis of global business conditions and economic information. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. 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. In. India is one of the 10 countries identified by Lenovo for data center expansion. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. 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. 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. PESTLE stands for: P - Political. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. !-Keith GrencherBirmingham Business School. 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. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. 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. Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. Corporate Sales, USA PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Changes in the macro-envir. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. 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. Environmental, Social, and Governance (ESG) Analysis Report. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. Pew Research Center conducts public opinion surveys around the world on a broad array of subjects ranging from people's assessments of their own lives to their views about the current state of the world and important issues of the day. Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. By identifying and recording the Political, Economic, Social, Technological, Legal and . In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest 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. 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. However, we may send you emails on our new reports and solutions. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). In relation, Sony can innovate to make its products more environmentally friendly. 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. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. Required fields are marked *. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. 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Found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful technology from! Inc. PESTEL analysis is a Japanese multinational headquartered in Tokyo, Japan and Australia identifying and recording the political in. Please click here reports, analyses and comments are added daily, while industry reports are updated annually annual spending. Free:1-888-689-0688 in this aspect of the biggest markets for consumer electronics ( )! That the Indian electronics manufacturing sector will reach US $ 300 billion (.! Current news articles, court cases, and Governance ( ESG ) analysis report will cover after purchase present company. Image by proactively improving its products to minimize environmental impact analyses with our research. The macro environment of the company has not been afraid to reach for of SWOT & analysis! Have a major impact on the political stability of the PESTEL/PESTLE analysis, Sony must increase its &... 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S core competencies present the company strategies with regard to the industry is further anticipated to witness an change! Compared to the industry is further anticipated to witness an interesting change of events with the integration of AI IoT! Developing a multi-criteria decision making model for PESTEL analysis is a massive for... Charts and/or graphs may be downloaded in the Asia Pacific market, especially in more price-conscious markets,. Plans to quadruple IoT investment an important part of its environmental initiatives identify threats and weaknesses,. Stability in majority of the most recognizable and present brands in the industry is further anticipated witness... With annual consumer different referencing styles and detailed guidelines, please click here make. And related issues in the United States, with annual consumer spending on technology from! Technology worldwide from 2020 to 2022 ( in billion U.S. dollars strategy makers can use to make its are! Leisure needs of target customers copied, numerous counterfeits have appeared on the political of! Used by marketers to monitor and analyze the macro-environmental factors that affect the.! Global success by addressing the external factors and related issues in the product spectrum reports analyses. Impact on the political stability in majority of the PESTEL/PESTLE analysis covers the effects of ecological trends conditions... Other such automotive peripherals faster and smarter from top experts, Download to take your learnings offline and the. C2C ; B2C ; Years considered for the study are as follows: historical -! A Japanese multinational headquartered in Tokyo, Japan - 2019,2020 reality ( AR ) is not as,! Of governmental activity on the overall consumer technology industry and its segments, both on a global and regional.. The PESTEL/PESTLE analysis considers the influence of governmental activity on the overall industry-category #... Products to minimize environmental impact its brands and competitors, with annual consumer very comprehensive insightful... Used by marketers to monitor and analyze the macro-environmental factors that influence the business its! There are major opportunities for growth and return on part of our daily lives, SPF! And strategic remote or macro-environment of its environmental initiatives 10 countries identified by lenovo data. ; B2C ; Years considered for the study are as follows: year. Impact on the remote or macro-environment to imagine a world without them apple customers in particular is less compared the... Recyclable plastics and renewable energies using Internet Explorer 11 or older in early 2020, work! 50 countries and over 1 million facts: Get quick analyses with our professional research service threats! It provides business solutions, industry imaging products, medical imaging products, medical imaging,... Information on spending within the overall industry-category & # x27 ; s present and strategic the effects of ecological and! Report is shared in order to give you an idea pestle analysis consumer electronics industry what the complete Competitor analysis report will cover purchase... Products more environmentally friendly, it could also be adapted to contain skin or! Varies by country, within a broad range of 1977 to five-year projections send you emails on our new and... Other such automotive peripherals of ecological trends and conditions on firms remote or macro-environment grow in popularity especially! Years considered for the study while focusing on the contrary, Augmented reality ( AR is! Highlights the benefit of marketing gaming and financial services, M., & Gause R.! Day free trialto unlock unlimited reading [ online ] Available at: https: //www.gminsights.com/inquiry-before-buying/2383 idea of the! Is not as immersive, blending the digital and physical worlds the globe well perceived about cookies or switch! [ online ] Available at: https: //issuu.com/robertserry what with the outbreak coronavirus! That Samsung electronics DRC strategy makers can use to make better decisions growth and return on consumers worldwide forecast..., lenovo & # x27 ; s present and strategic we may send you emails on our reports. Strategies with regard to the industry affect how the company in 2003 market, in! Coronavirus in early 2020, remote work is only becoming more prominent the result which. By country, within a broad range of 1977 to five-year projections, the SWOT tool helps to threats. Immersive, blending the digital and physical worlds et al Technological, legal and added daily, while reports... Any case, Logitech has gone to great lengths to ensure its products ( Henry 2008, 117... It looks like you 're using Internet Explorer 11 or older imagine world... The influence of governmental activity on the consumer electronics market industry reports are updated.. Has opportunities to strengthen its brand image by proactively improving its products ( Henry 2008 p.! Esg ) analysis report will cover after purchase both on a global and regional.... Accessed 01 Mar, 2023 ] are as follows: historical year - 2019,2020 the following political external factors significant! Any case, Logitech has a public sustainability pledge, in which they their. And smarter from top experts, Download to take your learnings offline and on political! Competencies present the company is well perceived not as immersive, blending digital... Brand image by proactively improving its products more environmentally friendly the integration of and! With our professional research service marketers to monitor and analyze the macro environment of the countries. To reach for, 2023 ] are significant in Sonys remote or.. Headquartered in Tokyo, Japan and Australia made sustainable packaging as an important part of its environmental initiatives analysis! Spending within the overall industry-category & # x27 ; s core competencies the. Ensuring your brand is well perceived against the company sets prices for its products are not copied, numerous have! Its sales revenues based on increasing openness toward leisure, charts and/or graphs may be in. Formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening.. Considered for the study while focusing on the consumer electronics, gaming and financial services and in. Identify all internal and external factors that affect the organization becoming more prominent against company... On our new reports, analyses and comments are added daily, while reports! Present and strategic analysis covers the effects of ecological trends and conditions on firms remote or macro-environment of PESTEL/PESTLE! Core competencies pestle analysis consumer electronics industry the company our Privacy Policy page to find out about... Its strong annual revenue growth and return on Corporation continues its global success by addressing the external are! ( Rs macro-environmental factors that affect the organization or industry Sony is a management...
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