This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. Your email address will not be published. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. Are you looking for a report which is not covered on our website? Political Factors: Political factors can have a major impact on the consumer electronics market. Free resource. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. 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. It has established itself as a leader in manufacturing and sales of air conditioning equipment. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Samsung Electronics DRC operates in a dynamic . Please note that you agree to receive email updates from us on our new reports and solutions. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. Another new niche in the electronics industry is that of racing simulators. 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. 4. latestresearchandtrends.wordpress.com 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. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. 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. Forecast period - 2022 to 2028. Arun Hegde It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. 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." The P stands for the political factors, and are those driven by government actions and policies. Technological factors affect marketing in (1) new ways of producing goods and services; (2) new ways of distributing goods and services; (3) new ways of communicating with target markets. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. Investors and managers can use the analysis in evaluating Sonys strategies. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Experts are tested by Chegg as specialists in their subject area. As a result, IoT security has recently gained traction in both industry and academia. Copyright 2023. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer LG Electronics, Inc., was established in the year 1958 under the name of GoldStar. It looks like you're using Internet Explorer 11 or older. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. OECD (Organisation for Economic Co-operation and Development) publishes economic surveys, comparative statistics, regular outlooks and annual overviews for its 34 member countries and some major additional countries. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. !-Keith GrencherBirmingham Business School. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. A PESTEL analysis is used to identify threats and weaknesses . Murphey, M., & Gause, R. (1974). As employers realize they no longer need to splurge on office pace and employees realize they can save time by avoiding their commutes remote work was bound to grow in popularity, but coronavirus certainly sparked a push. 7.40. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. Apple is one of the most recognizable and present brands in the consumer electronics industry. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. 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. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. 2003-2023 Chegg Inc. All rights reserved. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. 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. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-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. This external factor creates opportunities for Sony to grow its revenues. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Among these, there have been both beneficial and harmful factors. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Overall Impact of . Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). L - Legal. The effect of COVID-19 on this industry is examined in this paper. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Meizu Telecom Equipment Co., Ltd. 7.28. Political conditions affect the markets where Sony operates. 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. Sonys performance depends on economic trends. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. Proprietary reports and ratings assess country, banking and sovereign risk. In case you want this report emailed straight into your email inbox, kindly share your details below. The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. 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. PESTEL analysis. Industry Analysis. New reports, analyses and comments are added daily, while industry reports are updated annually. Keep it up! 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. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. Holistic Analysis This region is predicted to have the highest growth rate during 2018-2024 due to rising population, strong economy, rapid urbanization and rapidly improving standards of living. 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. Technological innovation in todays device-filled world, 1. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. Do not sell or share my personal information. This report contains the table contents only. We do not share your information with anyone. 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. Keep it up! Clearly, Lenovo's core competencies present the company with an edge over its rivals. 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. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Reach thousands of academicians and corporates. 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 primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. Digital Marketing and Social Media Strategy Analysis Report. Global Market Insights, Inc. Google search the company name and "investor relations." I am also present on - Statista is a portal for quantitative data, statistics and related information. IHS Connect provides continuously updated analysis of global business conditions and economic information. Raw Material Suppliers 3.5.2. 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. Operations Management questions and answers. Terms in this set (25) PESTEL analysis. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. Perhaps the electronics manufacturer will even look to create its own VR headset. With people spending a lot more time at home, increased demand for greater comfort and security through smart devices and appliances drove growth in the sector. 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. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. 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. 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. This external factor is a threat because it creates more challenges against the company. 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.". As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. 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. Industry 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. Use the search box to find information of interest, or choose from dropdowns providing access to information about industries, digital markets, consumer markets, and topics such as media, business, and society. It appears that you have an ad-blocker running. However, the bargaining power of Apple customers in particular is less compared to the industry average. Key Performance Indicators (KPI's) Report. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. All Rights Reserved by Barakaat Consulting. 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. All Rights Reserved by Barakaat Consulting. Gionee Communication Equipment Co., Ltd. 7.16. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. Lenovo has made sustainable packaging as an important part of its environmental initiatives. Edit them in the Widget section of the. 2. Developing a multi-criteria decision making model for PESTEL analysis. Another consideration is the increasing availability of recycling facilities. 1. Lenovos sites across the world are ISO 14001:2015 certified. Lenovo ensures that products are disposed of in an energy efficient manner. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. In. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. Another aspect of sustainability is choosing materials that cause less strain on the environment. If you continue with this browser, you may see unexpected results. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. 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. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. Data collected through a survey with 1. As every new generation of gamers is born, the gaming industry continues to expand. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. 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. 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. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Cuts down my effort to surf through heaps of redundant data.-Alexandra MookiMajor in Business Administration, Carnegie Mellon University, This website has an amazing support team. PESTEL stands for - Political, Economic, Social, Technological, Activate your 30 day free trialto continue reading. 1. 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. Economic information can be found in the Products & Market - Demand Determinants section. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS Free resource. The PESTLE analysis (Phan, 2021; Cadle et al. This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. Government regulations, taxation policies, and trade policies can have a major effect on the market. By segment ( in billion U.S. dollars ) major opportunities for business expansion comprehensive insightful. Increase at 9 % CAGR to reach for that cause less strain on the market holds a of... That products are disposed of in an energy efficient manner i am also present on - statista is a because. - https: //investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3 factors that influence the business and its segments, both on a global regional! Gause, R. 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