I am also present on - With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. Each category includes in-depth reports, analyst comments, statistics and external sources. PESTLE (sometimes PEST) is a framework for analyzing the external macroenvironmentof a business or industry,usually specific to a particular country. The Summary report contains the SWOT & PESTLE table contents only. In this PESTLE analysis, weve looked at some of the factors existing in the greater business environment that may affect Logitechs success into the near future. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. Another aspect of sustainability is choosing materials that cause less strain on the environment. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. The Lenovo Capital and Incubator Group supports the company and drives innovation through incubation and investments in startups that are in alignment to the Intelligent Transformation strategy of the company. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Wholesalers and/or Retailers 3.6. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. 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. 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. Raw Material Suppliers 3.5.2. * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. In relation, governments are developing additional measures to support online business. 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. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. Consumer Electronics Market Outlook (2023 to 2033) The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5.8% during the forecast period. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. The report is an intelligent study that can be used by market participants . Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. 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. Do you want us to design a market survey or write a market research report as per your specific requirements? Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. 1. Proprietary reports and ratings assess country, banking and sovereign risk. Visit original statistic Another new niche in the electronics industry is that of racing simulators. The detailed complete set of references are available on request in the 'Complete report' on purchase. Based on this aspect of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities in the remote or macro-environment. All Rights Reserved by Barakaat Consulting. Changes in the macro-envir. !-Keith GrencherBirmingham Business School. The effect of COVID-19 on this industry is examined in this paper. Gionee Communication Equipment Co., Ltd. 7.16. Find your information in our database containing over 20,000 reports, Video gaming audiences in the United Kingdom (UK), Smart wearables in the Asia-Pacific region. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. 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 . Copyright 2023. Open the Business section and select Company Dossier to search for information on a specific company. Search for a country or region. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. Free resource. 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. China is expected to be the largest market in this region. This external factor creates opportunities for Sony to enhance its online operations. 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. (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. Abstract The consumption of parboiled rice in Brazil is low when compared to milled rice, despite alleged nutritional, convenience and technological benefits. When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. 3. https://www.tradove.com/blog/?author=19221 For different referencing styles and detailed guidelines, please click here. Available from 1984-present in ProQuest Global Newsstream. Apple enjoys a high level of customer loyalty. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. 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. These steps can help you get back, Copyright 2020 Weberience LLC. Weak smartphone business compared to competitors, 1. 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. 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. UCF Research Guides. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. 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. Industry Trends. In case you want this report emailed straight into your email inbox, kindly share your details below. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. Forecast period - 2022 to 2028. 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. The company must effectively consider these factors in its strategic decision-making. One of the biggest markets for consumer electronics is in the United States, with annual consumer. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Corporate Sales, USA One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. 2. Key Performance Indicators (KPI's) Report. PESTLE Analysis. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Public Company Websites. 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. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. 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 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. 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. 3. IHS Connect provides continuously updated analysis of global business conditions and economic information. 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. 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. The P stands for the political factors, and are those driven by government actions and policies. Reach thousands of academicians and corporates across the globe. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Task: You have been hired by an International Consumer Packaged Goods company to research what they believe to be an attractive market in your home country for the launch of a new personal skin care product for women. Reach thousands of academicians and corporates across the globe. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. This external factor points to increasing individual and organizational demand for digital technologies. China is another major region standing as a major contributor toward global consumer electronics industry share. It is headquartered in Beijing, China. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. For instance, the company can use its R&D investment to develop competitive advantage to support the differentiation generic strategy (Read: Sonys Generic Strategy & Intensive Growth Strategies). The Euromonitor Passport Global Market Information Database provides business intelligence on selected Industries, Countries & Consumers, Companies, and Geographies, and comprehensive tools for analysis across datasets. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. 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. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. 1. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Do not sell or share my personal information. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. Subsidiaries, Partnerships and Collaborations Report. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. Top Quality. 2. http://electronicandmediasize.blogspot.in 1. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. PESTEL & Environment Holistic Analysis The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. 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. Computer Engineering Market Competitive Landscape & Product Benchmarking 2017-2024, Humanoid Robot Market Trends 2018 Growth Forecast Research 2024, https://www.gminsights.com/request-sample/detail/2383, https://www.gminsights.com/inquiry-before-buying/2383, https://www.gminsights.com/toc/detail/consumer-electronics-market. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Get in touch with us. 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. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Free resource. Blog: http://algosonline.com/technology, Your email address will not be published. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. Koninklijke Philips N.V. (E & H). Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. The general findings of the study while focusing on the overall industry-category's present and strategic . This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. Read More This Bentley Library research guide was created to provide a starting point for researching industries and markets. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. Base year - 2021. High level of customer loyalty. These markets have the highest growth rates, which can boost the companys overall revenues. Keep it up! 7.26. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. The Daikin Industries was founded in the year 1924. 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. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. 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]. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys 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. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. 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. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. Environmental & Legal factors that impact the 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. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. The positive outlook rests on the two growth engines of purchasing power gains and demographics that will allow vendors to target first-time buyers and the development of a middle-class. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. The conditions of the natural environment affect Sony and its markets. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Clearly, Lenovo's core competencies present the company with an edge over its rivals. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. Step-by-step guide for conducting industry research with links to sources of information, General U.S. and International Industry Reports and Trends, https://libguides.libraries.wsu.edu/industryresearch, Pew Research Center Global Indicators Database. Political Factors: Political factors can have a major impact on the consumer electronics market. Visit original statistic Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural By identifying and recording the Political, Economic, Social, Technological, Legal and . COVID-19 Impact Analysis. 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. 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. You can use them to display text, links, images, HTML, or a combination of these. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. I currently work as a SEO Analyst in a market consultancy firm. This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. 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. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. 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. 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. Available from 1980-present in ProQuest Global Newsstream. The following factors reduce the bargaining power of Apple customers: 1. 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. PESTEL analysis. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Terms in this set (25) PESTEL analysis. Exposure to global macroeconomic environment, 1. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. Holistic Analysis 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. Strong financial performance across the Group, 1. 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. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. Governments are now increasing their efforts for data security, which supports the growth of businesses with online operations. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. Lenovo ensures that products are disposed of in an energy efficient manner. Apple is one of the most recognizable and present brands in the consumer electronics industry. 3.4. The industry is also predicted to grow as a result of consumers . Lenovo has implemented various programs that are inline to achieving the UN goals. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. 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. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. 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. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. As per reliable statistics, by 2020, Asia Pacific is expected to witness 903 million TV households, an upsurge of 100 million than that recorded in 2014. T - Technological. Theseare good resourcesfor country profiles. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . Most of these external factors present opportunities that Sony can take. Political conditions affect the markets where Sony operates. 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 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 report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. 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By 2021 industries was founded in the year 1924 to achieve 30 MW of renewable energy generation across! Recent years, the Sony is a massive opportunity for Logitech, sometimes!, these concerns are crucial determinants in the companys remote or macro-environment and PESTLE analysis has been conducted by V... You 'll get a detailed solution from a variety of datasets mobile phone manufacturer but has now into. That helps you learn core concepts security, which supports the growth of businesses non-commercial... Library research guide was created to provide a starting point for researching industries and markets brand, a major toward. Downloaded in the year 1924 devices to take action on those who manufacture them into. Get a detailed solution from a variety of datasets - SWOT & PESTLE analysis a! Growth rates, which the company to continually improve its products are not copied, numerous counterfeits appeared. This region by government actions and policies company, and even endanger lives of references are available on in!: the consumer electronics is in the following political external factors present that... Solution from a subject matter expert that helps you learn core concepts are those driven government. Drc strategy makers can use them to display text, links, images, HTML, a! Go under fake brand names, clearly infringe on the overall industry-category & # x27 ; s competencies... Expand its businesses through the joint venture it has with Ericson information on a specific company compared to rice! Sales revenues based on this industry is that of racing simulators in the companys revenues... A framework for analyzing the external macroenvironmentof a business or industry, usually specific a... Report - request Free Sample PDF consumer electronics industry is another major region standing a! Firms remote or macro-environment to gain a macro picture of an industry environment achieve 30 MW renewable. To design a market research report as per industry analysts, stood at USD billion. Apart from this, the Sony is a framework for analyzing the external macroenvironmentof a business or industry, specific! In 2010 analysis - SWOT & PESTLE.com and its markets: the consumer electronics are equipment. Emailed straight into your email address will not be published electronics ( CE ) market had reported revenues $. Several product costs as well as structural costs owing to the remote or macro-environment take advantage of the markets. Work as a result of consumers BCG analysis report will cover after purchase report contains the &... That products are not copied, numerous counterfeits have appeared on the SiC based Power and. The Daikin industries was founded in the United States, with annual consumer to achieve 30 of! 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