In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. China is another major region standing as a major contributor toward global consumer electronics industry share. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. 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 Competitor Analysis Report will cover after purchase. Tap here to review the details. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. 1. 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. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. Perhaps the electronics manufacturer will even look to create its own VR headset. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. The SlideShare family just got bigger. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Social trends affect the responses of customers to Sonys products. 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. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. Based on this aspect of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities in the remote or macro-environment. 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. 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 . 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. 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 . 2. Latest Report Contains (114) Pages. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. 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You can use them to display text, links, images, HTML, or a combination of these. Virtual reality (VR) is a fascinating way to explore the world through head-mounted devices, from environments created from the real world to the virtual world of gaming, or innovation in industrial and medical applications. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. Environmental, Social, and Governance (ESG) Analysis Report. Another new niche in the electronics industry is that of racing simulators. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Traditionally, the main products in this market are TV, VCR, and CD player etc. India on the verge of significant data center expansion - https://www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4. Terms in this set (25) PESTEL analysis. When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. New reports, analyses and comments are added daily, while industry reports are updated annually. Sonys performance depends on economic trends. Murphey, M., & Gause, R. (1974). See our Privacy Policy page to find out more about cookies or to switch them off. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Copyright 2023. 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. of Electronics industry. 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. Here are two Economic factors affecting Logitech: As a manufacturer of consumer electronics, Logitech is well-placed to reap the rewards of consumers growing disposable incomes. It allows a company to form an impression of the factors that might impact a new business or industry. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. 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 external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. 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. 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. 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. The report is an intelligent study that can be used by market participants . This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 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. 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. 22.5 lakh crore) by 2024-25. Amazon.com Inc. operates alongside political influence. Keep it up! Provides relevant industry reports; find the industry your company operates in. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. Apple enjoys a high level of customer loyalty. As a result, IoT security has recently gained traction in both industry and academia. Available from 1980-present in ProQuest Global Newsstream. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. For example, the US-China trade war has caused major disruption in the consumer electronics industry. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. 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. Environmental factors are important due to the increasing scarcity of raw materials; pollution targets; doing business as an ethical and sustainable company; carbon footprint targets. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. Political Factors: Political factors can have a major impact on the consumer electronics market. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! 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. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. 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