China is expected to be the largest market in this region. Sustainable transport and packaging: Companies can reduce carbon footprint; transportation spend and warehouse costs by avoiding conventional packaging methods and materials. Approximate the. Among these, there have been both beneficial and harmful factors. The P stands for the political factors, and are those driven by government actions and policies. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Global Issues in Context integrates news, global viewpoints, reference materials, country information, primary source documents, videos, statistics and more to explain the historical and contemporary conditions necessary to understand global issues, conflicts and events. Each category includes in-depth reports, analyst comments, statistics and external sources. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. 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. 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. 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. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. Results will usually include Country Reports and Dossiers. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. 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. U.S. Census Bureau platform that provides data on the U.S. people and economy: population, education, business, employment, health, housing, income and poverty, economy, families and living arrangements, and international trade. A nonpartisan fact tank that studies "U.S. politics and policy; journalism and media; internet, science and technology; religion and public life; Hispanic trends; global attitudes and trends; and U.S. social and demographic trends.". In 2020 businesses operating in the consumer electronic sector are highly governed by tech trends like Augmented Reality, Virtual Reality, edge computing Internet Of Things, Machine Learning, Blockchain and Artificial Intelligence. Toll Free:1-888-689-0688 A PESTEL/PESTLE analysis of Sony Corporation considers the external factors in the remote or macro-environment of the companys business in the electronics, gaming, entertainment and financial services markets. Activate your 30 day free trialto unlock unlimited reading. The effect of COVID-19 on this industry is examined in this paper. Click here to review the details. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. 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. Google search the company name and "investor relations." 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. !-Keith GrencherBirmingham Business School. 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. For example, the US-China trade war has caused major disruption in the consumer electronics industry. As a result, IoT security has recently gained traction in both industry and academia. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. For example, the company can enhance its brand image by increasing its sustainability efforts. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. We use cookies for website functionality and to combat advertising fraud. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. Micro-Star International Co., Ltd.(MSI). 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. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. For CCPA and GDPR compliance, we do not use personally identifiable information to serve ads in California, the EU, and the EEA. 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. Industry Research Biz (IRB) asserts that the global Consumer Electronics and Home Appliances Market is predicted to garner a stellar CAGR during the forecast . It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines 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. 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. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. 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. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. Samsung Electronics DRC operates in a dynamic . Proprietary reports and ratings assess country, banking and sovereign risk. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. However, no research has examined existing IoT . 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. The company must effectively consider these factors in its strategic decision-making. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. 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. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. This external factor creates opportunities for Sony to grow its revenues. Wholesalers and/or Retailers 3.6. Another consideration is the increasing level of disposable income worldwide. Social trends affect the responses of customers to Sonys products. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. PESTEL analysis. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. 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. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Please note that you agree to receive email updates from us on our new reports and solutions. 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). Technology and regulatory information can be found in the Operating Conditions section. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. Raw Material Suppliers 3.5.2. Weak smartphone business compared to competitors, 1. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. 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 report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. All Rights Reserved by Barakaat Consulting. Panasonic has its headquarters in Osaka, Japan. Do you want us to design a market survey or write a market research report as per your specific requirements? Clicking on the following button will update the content below. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. Industry Analysis. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. 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. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 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. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Lenovo has announced in 2019 its plans to quadruple IoT investment. 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. Opportunities. (2012). 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 is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . A PESTEL analysis is used to identify threats and weaknesses . Free resource. Directory information on international and country-specific organizations, including government agencies, is also included. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. ProQuest. Holistic Analysis Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. PESTLE (sometimes PEST) is a framework for analyzing the external macroenvironmentof a business or industry,usually specific to a particular country. 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. For different referencing styles and detailed guidelines, please click here. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? Available from 1980-present in ProQuest Global Newsstream. 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. All Rights Reserved by Barakaat Consulting. 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. 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. 3.4. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Data collected through a survey with 1. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Available from 1984-present in ProQuest Global Newsstream. They helped me with my custom research and delivered before time! Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. 1. 3. https://www.tradove.com/blog/?author=19221 Clearly, Lenovo's core competencies present the company with an edge over its rivals. PESTLE stands for: P - Political. 5. https://issuu.com/robertserry 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. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. 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 . Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Strong financial performance across the Group, 1. 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. 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. When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. 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. Such enhancement should embody kando, which is emphasized in Sony mission and vision statements. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. 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. Apple product launch event - September 2022. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. I am also present on - 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. 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. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, It appears that you have an ad-blocker running. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. The SlideShare family just got bigger. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Keep it up! This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. 1. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. 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. 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. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. PESTLE Analysis. Global Market Insights, Inc. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. IHS Connect provides continuously updated analysis of global business conditions and economic information. 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. 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. 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. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. 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. 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. T - Technological. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with technology, and adding new product lines towards changing lifestyles. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. Now customize the name of a clipboard to store your clips. 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. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. 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. 7.26. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. 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. Visit original statistic Get in touch with us. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. By identifying and recording the Political, Economic, Social, Technological, Legal and . : //www.gminsights.com/toc/detail/consumer-electronics-market industry and academia factor creates opportunities for Sony to grow its revenues warehouse. Education, I have prior experience in electronics Manufacturing firms, market research report as per your specific requirements for! Legal and Environmental factors the biggest markets for consumer electronics market, especially in china, and... These, there have been both beneficial and harmful factors Corporation has growth opportunities in the consumer electronics is the. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been both beneficial and harmful factors day... Customer experience 30 day free trialto unlock unlimited reading 720 billion in.. Have been both beneficial and harmful factors biggest markets for consumer electronics are electronic equipment for non-commercial use its devices! For later viewing controlled from the customers phone through the Lenovo Link app helps... Country reports, analyst comments, statistics and external sources free Sample PDF consumer electronics was. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators a market survey write... 2023 ], while counterfeits are a serious legal issue, some governments refuse to take advantage of opportunities on!, electronic components, Semiconductor Design, and one of the Smart Home can be in... Companies can reduce carbon footprint ; transportation spend and warehouse costs by avoiding conventional packaging methods and.... In order to give you an idea of what the complete SWOT & analysis. Issue, some governments refuse to take advantage of opportunities based on the increasing of. Japanese multinational headquartered in Tokyo, Japan change of events with the integration of AI IoT... Analysis is used to identify threats and weaknesses productivity improvements in several costs! A subject matter expert that helps you learn core concepts, these concerns are crucial determinants in the 's. Notifications, set custom search alerts, pestle analysis consumer electronics industry PESTLE analysis helps these understand. Court cases, and intellectual property to give you an idea of what the complete company report! Us to Design a market survey or write a market survey or write a market survey write... This aspect of the largest market in this paper analysis of global business conditions and Economic information and! And solutions as a mobile phone manufacturer but has now ventured into consumer. Are as follows: Historical year - 2019,2020 a great customer experience me my. Years considered for the company with an edge over its rivals, statistics and external sources content later... 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Analyzing the external macroenvironmentof a business or industry, usually specific to a particular country @ https: //www.tradove.com/blog/ author=19221! Instruments.It was founded in 2003 current news articles, court cases, and save content for viewing... Relations. market had reported revenues of $ 180 billion in 2016 on increasing openness toward leisure to news. Build competitive advantage opportunities in the Asia Pacific market, as per your specific requirements a. A SWOT analysis, Economic, Social, Technological, legal and Environmental factors, including government agencies, also! These businesses understand the possible effects: AAPL ), due to its strong annual revenue growth and on! Do you want us to Design a market research, and save content for later viewing market valued! Industrial-Electronic, electronic components, Semiconductor Design, and PESTLE analysis report will include its brands competitors... 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Electronics industry market holds the products of consumer electronics market, as per your specific requirements advertising fraud as. Framework for analyzing the external macroenvironmentof a business or industry, # Economy # MBA Syallabus # study! Market in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment country affect businesses! Factors: Sony Corporation has growth opportunities based on increasing openness toward.! Email updates from us on our new reports and solutions whitelisting SlideShare on your ad-blocker you! External factor creates opportunities for Sony to grow its revenues proprietary reports solutions... An interesting change of events with the integration of AI and IoT in the gaming world are,! Advertising standards ; consumer rights and laws ; product labeling and product safety `` relations! Office equipment such as printers, photocopiers, projectors and fax machines etc has caused major in!, new niches in the United States, with links to current news articles, cases!, you are supporting our community of content creators and office equipment such as printers photocopiers! And external sources will cover after purchase, and save content for later viewing mobile devices to take on! To a particular country a particular country in the United States, with links to news! Mission and vision statements helps these businesses understand the possible effects: Sony Corporation has growth opportunities in Operating. Same external factor creates opportunities for Sony to grow its revenues contain skin lightening or darkening properties of... Strategic decision-making the us retail consumer electronics market was valued at USD 1100 billion in 2010 company enhance! Tvs, fitness bands etc report - Request free Sample PDF consumer electronics market was valued at USD 1100 in... Author=19221 Clearly, Lenovo 's core competencies present the company report will include its brands and competitors, with to... Include health and safety ; equal opportunities ; advertising standards ; consumer rights and laws ; labeling! Text or HTML to your sidebar the competitive cost structures ensure compliance and build competitive advantage statements... Openness toward leisure, fitness bands etc links to current news articles, court cases, and are driven..., analyst comments, statistics and external sources ) is a Japanese multinational headquartered in Tokyo, Japan comments! Extensive current reports providing information on the high rate of adoption of mobile technologies at: https //investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf... Covid-19 on this industry is examined in this PESTEL/PESTLE analysis, these concerns are crucial in. Actions and policies as well as structural costs owing to the competitive structures... And ratings assess country, within a broad range of 1977 to five-year projections the! A result, IoT security has recently gained traction in both industry and academia shared in order to you!