View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. 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. Samsung Electronics DRC operates in a dynamic . Micro-Star International Co., Ltd.(MSI). [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. 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 global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. 3.15 trillion (US$ 48.37 billion) in 2022. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. Social trends affect the responses of customers to Sonys products. For example, the company can expand its online services in relation to its gaming products. Sony Corporations Five Forces Analysis (Porters Model), Sony Corporations Marketing Mix (4Ps) Analysis, Toyota PESTEL/PESTLE Analysis & Recommendations, Home Depot PESTEL/PESTLE Analysis & Recommendations, Burger King PESTEL/PESTLE Analysis & Recommendations, Wendys PESTEL/PESTLE Analysis & Recommendations, Harley-Davidson PESTEL/PESTLE Analysis & Recommendations, Ford Motor Company PESTEL/PESTLE Analysis, Microsoft Corporations PESTEL/PESTLE Analysis & Recommendations, Unilevers PESTEL/PESTLE Analysis & Recommendations, Walmart PESTEL/PESTLE Analysis & Recommendations, Starbucks Coffee PESTEL/PESTLE Analysis & Recommendations, Verizon PESTEL/PESTLE Analysis & Recommendations, Apple Inc. PESTEL/PESTLE Analysis & Recommendations, PepsiCo PESTEL/PESTLE Analysis & Recommendations, Whole Foods Market PESTEL/PESTLE Analysis & Recommendations, Tesla, Inc. PESTEL/PESTLE Analysis & Recommendations, Walt Disney Company PESTEL/PESTLE Analysis & Recommendations, General Motors PESTEL/PESTLE Analysis & Recommendations, Intel Corporation PESTEL/PESTLE Analysis & Recommendations, IBM PESTEL/PESTLE Analysis & Recommendations, Sonys Generic Strategy & Intensive Growth Strategies, Trends on Tuesday: Smartphone Market Growth Makes Mobile-Friendly a Must, Political stability of biggest markets (opportunity), Increasing governmental support for data security (opportunity), Increasing governmental support for online business (opportunity), High growth of developing markets (opportunity), Economic stability of developed markets (opportunity), Increasing disposable incomes (opportunity), Increasing adoption of online gaming (opportunity), Improving wealth distribution (opportunity), Increasing openness toward leisure (opportunity), Increasing dependence on digital technologies (opportunity), High rate of adoption of mobile technologies (opportunity), High rate of R&D activity (threat & opportunity), Increasing emphasis on business sustainability (opportunity), Increasing demand for environmentally friendly products (opportunity), Increasing availability of recycling facilities (opportunity), Improving patent protection (opportunity), Increasing regulations on e-waste (threat & opportunity), Increasing product regulation (threat & opportunity), Dockalikova, I., & Klozikova, J. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. UCF Research Guides. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Need Strategic Analysis for this company? Technological innovation in todays device-filled world, 1. Search for a country or region. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. 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 current company emerged from a merger between Lak-Hui and GoldStar, the initials of which are represented by the L and G used today. It looks like you're using Internet Explorer 11 or older. This external factor points to increasing individual and organizational demand for digital technologies. This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. 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 industry is also predicted to grow as a result of consumers . The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. 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. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. Results will usually include Country Reports and Dossiers. IHS Connect provides continuously updated analysis of global business conditions and economic information. 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 . Free resource. Value Chain Analysis 3.5.1. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. The report is an intelligent study that can be used by market participants . Changes in the macro-envir. 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. 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. Are you looking for a report which is not covered on our website? Apple enjoys a high level of customer loyalty. Available from 1980-present in ProQuest Global Newsstream. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. !-Keith GrencherBirmingham Business School. of Electronics industry. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. Interactive maps, charts, and graphs present data on specific geographies. 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. Free resource. 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. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. 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. 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. 1. https://www.slideshare.net/robertserry16/presentations However, the bargaining power of Apple customers in particular is less compared to the industry average. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The consumer electronics (CE) market often appears to reach its saturation levels with proliferation rates at maximum, but there are always innovative products that act as critical drivers of growth in this sector. A recommendation is that the company must increase its efforts in product innovation to improve environmental impact and competitive advantage, while addressing concerns regarding product regulation. Visit original statistic This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. 3. https://www.tradove.com/blog/?author=19221 Analysis for the Consumer Electronics industry An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Another new niche in the electronics industry is that of racing simulators. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. 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. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Available from 1984-present in ProQuest Global Newsstream. 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]. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. 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. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural Among these, there have been both beneficial and harmful factors. 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. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. 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. You can read the details below. Rapidly increasing internet penetration across the globe will drive the market growth. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Koninklijke Philips N.V. (E & H). The market is projected to grow USD 1000.9 Billion in 2030 . PESTLE Analysis 3.5. 7.40. It leads the air conditioning industry in 3 cutting edge technologies employed in heat pump, in inverter Micron Technology is an American global corporation and S&P 500 company headquartered in Boise, Idaho. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. 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. 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. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The company can sell these products to existing clients of the PC and data center businesses. 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. Panasonic has its headquarters in Osaka, Japan. 1. My other interests include sketching, reading, and singing. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. 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. 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. 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. 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. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. 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). By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. Free resource. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. They helped me with my custom research and delivered before time! Economic information can be found in the Products & Market - Demand Determinants section. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. A PESTEL analysis is used to identify threats and weaknesses . In relation, Sony can innovate to make its products more environmentally friendly. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. PESTEL & Environment Analysis for the Consumer Electronics industry PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics industry. Lenovo has announced in 2019 its plans to quadruple IoT investment. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. If you continue with this browser, you may see unexpected results. Do not sell or share my personal information. 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. Reach thousands of academicians and corporates. Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. 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. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Lenovos sites across the world are ISO 14001:2015 certified. 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. Abstract The consumption of parboiled rice in Brazil is low when compared to milled rice, despite alleged nutritional, convenience and technological benefits. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. However, no research has examined existing IoT . Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. Terms in this set (25) PESTEL analysis. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Read More Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. 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. 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. Amazon.com Inc. operates alongside political influence. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. 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. 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 . Corporate Sales, USA 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. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. PESTEL & Environment 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. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. 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. Top Quality. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. For example, the US-China trade war has caused major disruption in the consumer electronics industry. Clicking on the following button will update the content below. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Perhaps the electronics manufacturer will even look to create its own VR headset. 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. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. 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. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. This report contains the table contents only. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. See our Privacy Policy page to find out more about cookies or to switch them off. 4. latestresearchandtrends.wordpress.com Changes in the macro-environm . 22.5 lakh crore) by 2024-25. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. ProQuest. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. Clearly, Lenovo's core competencies present the company with an edge over its rivals. They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. 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. Latest Report Contains (114) Pages. 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. By accepting, you agree to the updated privacy policy. 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. Environmental & Legal factors that impact the macro environment Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Over the years the company developed itself as a leader in consumer appliance manufacturers and Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. This section is available only in the 'Complete Report' on purchase.