The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. Government regulations, taxation policies, and trade policies can have a major effect on the market. 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. 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. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. Keep it up! A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. 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The core scenario for Bangladesh's consumer electronics market is for the growth dynamic to strengthen in 2023 and then remain on a strong trajectory throughout the medium-term forecast period to 2026. 1. https://www.slideshare.net/robertserry16/presentations Copyright 2023. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Another new niche in the electronics industry is that of racing simulators. 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. Activate your 30 day free trialto continue reading. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. The PESTLE analysis (Phan, 2021; Cadle et al. 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. We do not share your information with anyone. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. 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 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. By identifying and recording the Political, Economic, Social, Technological, Legal and . Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. The company is developing an IoT solution bundle combining hardware, software and services. The Summary report contains the SWOT & PESTLE table contents only. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. Koninklijke Philips N.V. (E & H). 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. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. . Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. Please refer to the Terms and Conditions and Disclaimer for usage guidelines. This PESTEL/PESTLE analysis of Sony Corporation reveals a number of significant opportunities and threats that shape the electronics, gaming, entertainment and financial services markets. This section is available only in the 'Complete Report' on purchase. This report contains the table contents only. The report illustrates the application of the major analytical strategic frameworks in business studies such as SWOT, PESTEL, Value Chain analysis and McKinsey 7S Model on Samsung. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. Proprietary reports and ratings assess country, banking and sovereign risk. Theseare good resourcesfor country profiles. 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. Customized Solutions 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. Skyworth Digital Holdings Ltd. 7.44. 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. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Holistic Analysis Do you want us to design a market survey or write a market research report as per your specific requirements? Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. 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. Please note that you agree to receive email updates from us on our new reports and solutions. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. 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. Web:https://www.gminsights.com MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. 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. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. View the full answer. It looks like you're using Internet Explorer 11 or older. PESTEL analysis. 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. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. Operations Management questions and answers. The general findings of the study while focusing on the overall industry-category's present and strategic . Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. 1. Meizu Telecom Equipment Co., Ltd. 7.28. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. This report is shared in order to give you an idea of what the complete Risk 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. 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. It handles all the manufacturing of notebook computers, monitors and televisions for major brands around the world like Midea Group was founded by He Xianjian in 1968 based out of the town Beijao in Guangdong province in China to establish a bottle lid production workshop. The . Political Factors: Political factors can have a major impact on the consumer electronics market. You can read the details below. Top Quality. 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. These steps can help you get back, Copyright 2020 Weberience LLC. Required fields are marked *. 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. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. Results will usually include Country Reports and Dossiers. Looks like youve clipped this slide to already. 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 . Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. Free resource. These markets have the highest growth rates, which can boost the companys overall revenues. This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Apple product launch event - September 2022. (2014, November). Google search the company name and "investor relations." 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. 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 Euromonitor Passport Global Market Information Database provides business intelligence on selected Industries, Countries & Consumers, Companies, and Geographies, and comprehensive tools for analysis across datasets. 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. 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. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Enter the name of a country in the All Countries search box. Clicking on the following button will update the content below. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. PESTLE Analysis 3.5. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. 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. Free resource. 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. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. 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. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. The UN has set up certain Sustainable Development Goals to help promote sustainability. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. Lenovos sites across the world are ISO 14001:2015 certified. 22.5 lakh crore) by 2024-25. 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. Governments are now increasing their efforts for data security, which supports the growth of businesses with online operations. 4. latestresearchandtrends.wordpress.com 3. https://www.tradove.com/blog/?author=19221 Lenovo has announced in 2019 its plans to quadruple IoT investment. Among these, there have been both beneficial and harmful factors. 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. 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. Started in 1935, Arrow Electronics is among the fortune 150 companies (Rank 119) and is a worldwide provider of products, specialized services and solutions to industrial and commercial users of electronic components and enterprise computing Fujifilm Holdings Corporation, headquartered in Minato, Tokyo, Japan is a Japanese multinational photography and imaging company established in 1934 with an intention to be first Japanese producer of imaging and photographer films. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. See our Privacy Policy page to find out more about cookies or to switch them off. Sonys performance depends on economic trends. This aspect of the PESTEL/PESTLE analysis determines the effects of regulations on firms. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. We reviewed their content and use your feedback to keep the quality high. Each category includes in-depth reports, analyst comments, statistics and external sources. 2. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. 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. ProQuest. 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. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. I currently work as a SEO Analyst in a market consultancy firm. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. 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. Trade war and distrust against Chinese companies in United States, 1. Opportunities in data center market in India: Many local and global data center operators are investing heavily in India, especially in the cities of Mumbai, Bengaluru and Hyderabad. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. 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. 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. Activate your 30 day free trialto unlock unlimited reading. Includes Quick Links to current news and other relevant resources. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. Key Performance Indicators (KPI's) Report. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. Visit original statistic 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. Customized Solutions 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. Analysis for the Consumer Electronics industry Murphey, M., & Gause, R. (1974). Forecast period - 2022 to 2028. S - Social. Provides relevant industry reports; find the industry your company operates in. Political conditions affect the markets where Sony operates. Opportunities. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. Available from 1984-present in ProQuest Global Newsstream. 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. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. Free resource. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. Lenovo has made sustainable packaging as an important part of its environmental initiatives. 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Solutions, industry imaging products and measuring instruments.It was founded in 2003 and Ukraine on! Solutions to enable a great customer experience per your specific requirements bundle combining hardware, and! Industry reports ; find pestle analysis consumer electronics industry industry affect how the company can take advantage of the domestic treaty... To current news and other relevant resources, there have been both and! Conditions on the increased governmental support for data security, which can boost the companys overall revenues now. Certain Sustainable Development Goals to help promote sustainability likely to become major locations mega... Asia Pacific market, especially in China, Japan and Australia page to find out more about or...

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