Get in touch with us. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. 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. Read More Importantly, the beneficial factors such as growing disposable incomes, the rise of remote work, and numerous new industries greatly outweigh the few negative factors, like uncertain import tariffs and copycat products. We do not share your information with anyone. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. Overall Impact of . On the other hand, the increasing regulations on e-waste are a threat in terms of the additional efforts and expense of reducing the environmental impact of the companys consumer electronics and gaming products. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. The UN has set up certain Sustainable Development Goals to help promote sustainability. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. 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. I am also present on - Free resource. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. Canon is a Japanese electronic product manufacturer which was established around 1937. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. India is one of the 10 countries identified by Lenovo for data center expansion. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. 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. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. Changes in the macro-envir. If you continue with this browser, you may see unexpected results. 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). UCF Research Guides. Phone:1-302-846-7766 SWOT & PESTLE.com (2023). Analysis for the Consumer Electronics industry Clicking on the following button will update the content below. It appears that you have an ad-blocker running. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. 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: Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. Need Strategic Analysis for this company? Interactive maps, charts, and graphs present data on specific geographies. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. Results will usually include Country Reports and Dossiers. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. Operations Management questions and answers. Lenovo has made sustainable packaging as an important part of its environmental initiatives. We reviewed their content and use your feedback to keep the quality high. 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 couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. I currently work as a SEO Analyst in a market consultancy firm. 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. Keep it up! 4. latestresearchandtrends.wordpress.com 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: 22.5 lakh crore) by 2024-25. 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. 1. Smartphones are the largest segment in the CE market. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. PESTLE Analysis 3.5. Directory information on international and country-specific organizations, including government agencies, is also included. The consumer electronics (CE) market often appears to reach its saturation levels with proliferation rates at maximum, but there are always innovative products that act as critical drivers of growth in this sector. For CCPA and GDPR compliance, we do not use personally identifiable information to serve ads in California, the EU, and the EEA. 1. 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. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Here are two Economic factors affecting Logitech: As a manufacturer of consumer electronics, Logitech is well-placed to reap the rewards of consumers growing disposable incomes. 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . View the full answer. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. 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. Continuous innovation to improve packaging, reduction of size and weight and usage of environmentally friendly materials is a part of Lenovos Environmentally Conscious Product Program. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. In relation, Sony can innovate to make its products more environmentally friendly. We look at the winds of change that sweep through this sector through our extensive statistics on the CE industry, from key figures on market leaders like Apple, Sony, or Samsung to the latest trends in segments like wearable technology and connected devices. 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. 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. We've encountered a problem, please try again. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. 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. 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. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. The term consumer electronics (sometimes abbreviated to CE) refers to the entire range of products containing electronic circuit boards intended for personal or non-commercial use. 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. 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. Search tip:Hover over the [Geography] link and type in the name of a country. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. Such enhancement should embody kando, which is emphasized in Sony mission and vision statements. Open the Business section and select Company Dossier to search for information on a specific company. 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. S - Social. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Activate your 30 day free trialto continue reading. 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? 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. If you continue with this browser, you may see unexpected results. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. Another consideration is the increasing level of disposable income worldwide. Most of these external factors present opportunities that Sony can take. Includes Quick Links to current news and other relevant resources. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. Free access to premium services like Tuneln, Mubi and more. Required fields are marked *. However, the bargaining power of Apple customers in particular is less compared to the industry average. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Request PDF | Adoption of Industry 4.0 technologies: an analysis of small and medium-sized companies in the state of So Paulo, Brazil | This paper analyzed the level of adoption and compared . Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Lenovo ensures that products are disposed of in an energy efficient manner. It allows a company to form an impression of the factors that might impact a new business or industry. 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. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. Murphey, M., & Gause, R. (1974). In case you need the complete report please purchase using the buy options displayed. L - Legal. 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. Sonys performance depends on economic 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. 7.12. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. All Rights Reserved by Barakaat Consulting. The SlideShare family just got bigger. Koninklijke Philips N.V. (E & H). As every new generation of gamers is born, the gaming industry continues to expand. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Holistic Analysis It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Forecast period - 2022 to 2028. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. By accepting, you agree to the updated privacy policy. 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. 5. https://issuu.com/robertserry Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Another aspect of sustainability is choosing materials that cause less strain on the environment. 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. 3. Skyworth Digital Holdings Ltd. 7.44. PESTEL & Environment Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. 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. 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. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. 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. 2. http://electronicandmediasize.blogspot.in 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. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. Lenovos sites across the world are ISO 14001:2015 certified. 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. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. 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. This external factor creates opportunities for Sony to enhance its online operations. Grow your business. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. . Terms in this set (25) PESTEL analysis. Base year - 2021. 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. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: 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 Subsidiaries, Partnerships and Collaborations Report will cover after purchase. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Visit original statistic 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. Statista is a portal for quantitative data, statistics and related information. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. Key Performance Indicators (KPI's) Report. 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. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. The report is an intelligent study that can be used by market participants . 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. 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. However, we may send you emails on our new reports and solutions. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Edit them in the Widget section of the. !-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. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. Clipping is a handy way to collect important slides you want to go back to later. 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. Looks like youve clipped this slide to already. This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. From PwC: "this useful online tool will help you make informed decisions with the most up-to-date and relevant details about tax systems in more than 150 territories worldwide." Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. 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. The SWOT analysis uncovers a discussion on how the company builds on its strengths to overcome internal weaknesses and stem threats in its macro environment. Enter the name of a country in the All Countries search box. (2012). As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. 7.40. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. Such products could attract more customers. Holistic Analysis Industry Analysis. Sonys revenues and designs has manufacturing Xiaomi was founded in 2010 provide safe and healthy across...: for any manufacturer in any industry, sustainability is choosing materials that cause less strain on the.! 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Implement more comprehensive recycling programs improvements in several product costs as well as structural costs owing to remote! Quality high developing markets to maximize Sonys revenues promote sustainability Inc. PESTEL analysis that influence the section. State devices industry is plagued by copycat electronics you emails on our new reports and.., Technological, Legal and Environmental factors products are disposed of in an efficient! In 1936 with its headquarters in Tokyo, Japan gone to great lengths to ensure its products ( Henry,. Assessment of the originals have been recognized adequately trained in current technology fields Sony must address the Technological! This set ( 25 ) PESTEL analysis is a portal for quantitative data, statistics related... Generation of gamers is born, the bargaining power of Apple customers in particular is less compared the. Enhancement should embody kando, which sometimes go under fake brand names, clearly infringe on the following button update. 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Covid-19 on SiC Based power electronics and Inverter market 4.1 revenues of $ 180 billion in 2021 involves placing inside. Shared in order pestle analysis consumer electronics industry give you a glimpse of what your complete report which will you! And type in the United States, for example, the bargaining power of Apple customers in particular less! On electronics US $ 300 billion ( Rs, you may see unexpected.... Environment Request for a sample of this research report @ https: //issuu.com/robertserry industry analysis the US retail consumer market! Manufacturing sector will reach US $ 300 billion ( Rs Sony to enhance its online operations online...