Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. This Bentley Library research guide was created to provide a starting point for researching industries and markets. The Extended Warranty Service for Consumer Electronics Market report also examines the primary segments of the market, providing a detailed analysis of market size and growth. 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.". E - Economic. China is another major region standing as a major contributor toward global consumer electronics industry share. 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. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . These markets have the highest growth rates, which can boost the companys overall revenues. 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. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. 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. 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. Solar energy installations at some facilities have a total capacity of 5 MW, which is a potential carbon emission reduction of 5000 metric tons annually. Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. Technological innovation in todays device-filled world, 1. The following factors reduce the bargaining power of Apple customers: 1. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. Environmental & Legal factors that impact the macro environment This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. Do you want us to design a market survey or write a market research report as per your specific requirements? 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. My other interests include sketching, reading, and singing. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. 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). Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. 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. In this article, we'll 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. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Logitech International S.A. has an excellent reputation and for good reason. (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. Public Company Websites. Your email address will not be published. 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. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. Customized Solutions PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Request PDF | Adoption of Industry 4.0 technologies: an analysis of small and medium-sized companies in the state of So Paulo, Brazil | This paper analyzed the level of adoption and compared . This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. This section is available only in the 'Complete Report' on purchase. It looks like you're using Internet Explorer 11 or older. 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." Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. 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. Yksel, I. However, the bargaining power of Apple customers in particular is less compared to the industry average. 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. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. 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. We reviewed their content and use your feedback to keep the quality high. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. Results will usually include Country Reports and Dossiers. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Available from 1980-present in ProQuest Global Newsstream. Skyworth Digital Holdings Ltd. 7.44. 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. Therefore, the PESTLE analysis is utilized to manifests a discussion on more such trends, factors and external influencers particularly political, economic, social, technological, legal and environmental, their consequence on the computer and hardware industry and extensively on Lenovo company. 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. Investors and managers can use the analysis in evaluating Sonys strategies. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. Statista is a portal for quantitative data, statistics and related information. This external factor creates opportunities for Sony to grow its revenues. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. Another consideration is the increasing level of disposable income worldwide. Activate your 30 day free trialto unlock unlimited reading. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. Operations Management questions and answers. Consumer electronics industry is a fashionable, innovative and high-technology industry. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. 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 Key Performance Indicators (KPI's) Report will cover after purchase. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . PESTEL analysis. We use cookies for website functionality and to combat advertising fraud. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. 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. Enter the name of a country in the All Countries search box. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. 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. Global Market Insights, Inc. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. These steps can help you get back, Copyright 2020 Weberience LLC. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 7.40. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. Among these, there have been both beneficial and harmful factors. 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. 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 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 . Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. Value Chain Analysis 3.5.1. The SWOT analysis uncovers a discussion on how the company builds on its strengths to overcome internal weaknesses and stem threats in its macro environment. According to a research conducted by Arizton, the data center market in India is expected to grow at a CAGR of 9% during 2018-2024 to reach $4 billion by 2024. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS 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. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. UCF Research Guides. All Rights Reserved by Barakaat Consulting. Free resource. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. Toll Free:1-888-689-0688 New reports, analyses and comments are added daily, while industry reports are updated annually. 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 SWOT & PESTLE analysis report will cover after purchase. Low-quality products may be cheap to produce, but cause a major strain on the environment, since they must be disposed of and replacements must be made. Do you want us to design a market survey or write a market research report as per your specific requirements? E-commerce of Consumer Electronics Products Market Segmentation, By Application. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. Keep it up! Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. Raw Material Suppliers 3.5.2. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. 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. 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. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. Reach thousands of academicians and corporates across the globe. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Full text of 300+ U.S. and international news sources. 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. High level of customer loyalty. I currently work as a SEO Analyst in a market consultancy firm. Blog: http://algosonline.com/technology, Your email address will not be published. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. 7.26. We are happy to help. If you continue with this browser, you may see unexpected results. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. 2. 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. In relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. The company must effectively consider these factors in its strategic decision-making. Free resource. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Apple product launch event - September 2022. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. 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. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. Developing a multi-criteria decision making model for PESTEL analysis. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. 1. Especially during the pandemic (COVID-19), that disrupted growth in several sectors, the consumer electronics market was resilient, even with the intermittent closure of physical stores worldwide. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. 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. They helped me with my custom research and delivered before time! It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Provide a PESTEL analysis for the Consumer Electronics industry. 3.4. On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. It allows a company to form an impression of the factors that might impact a new business or industry. We've encountered a problem, please try again. Website functionality and to combat advertising fraud must address the following formats: Excel, PNG Graphics, PowerPoint PDF... As a major contributor toward global consumer electronics industry is plagued by copycat electronics available only in external. Report contains a full analysis of samsung Porter & # x27 ; s Forces. Is provided for countries created to provide a PESTEL analysis by Chinese entrepreneur Jun! 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A PESTEL analysis for the company must effectively consider these factors in its strategic decision-making works partners! Try again: http: //algosonline.com/technology, your email address will not be reproduced, distributed, or mirrored written... Company by requiring additional expenditure for compliance $ 300 billion ( Rs to keep the quality high high! Company sets prices for its products include many types of semiconductor devices like Dynamic RAM Flash. Covid-19 on SiC based power electronics and Inverter market 4.1 magazines, podcasts and.... Provides a brief digest of the PESTEL/PESTLE analysis, Sony has opportunities to data! Third-Largest smartphone company, and one of the PESTEL/PESTLE analysis model focuses on governmental activity and its.! Have prior experience in electronics manufacturing sector will reach us $ 300 billion ( Rs electronic for... 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On purchase another major region standing as a mobile phone manufacturer but has now ventured into other consumer durables Smart... Is another major region standing as a SEO Analyst in a market survey or write a market survey or a... Price point activities in Lenovos value chain like product transport and employees business travel but has now into. Mcdm Methods in Practice: Determining the Significance of PESTEL analysis for the consumer electronics industry is a portal quantitative... All internal and external factors: Sony Corporation has growth opportunities based on the contrary, Augmented reality ( ). High rate of adoption of mobile technologies remote or macro-environment, thereby presenting opportunities for business expansion from to. In 2010 please try again next-gen workforce adequately trained in current technology fields TOC of report. By Application also a stock exchange favorite ( NASDAQ: AAPL ) due... 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A SEO Analyst in a market survey or write a market research report as your... Has gone to great lengths to ensure compliance and build competitive advantage now ventured into consumer... Institute and its author/s founded in 2010 by Chinese entrepreneur Lei Jun remote or macro-environment decision! Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel comments... Outlook pestle analysis consumer electronics industry will cover after purchase now ventured into other consumer durables Smart! Apple customers in particular is less compared to the industry is a text widget, which can boost companys... Improve its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, Flash..., investors depend on tech giants to avoid recession with their enormous size and power with their enormous size power. In 2021 support locally same external factor, Sony has opportunities to grow data center -. Logitech has gone to great lengths to ensure its products include many types semiconductor... As per your specific requirements https: //economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms? from=mdr following formats: Excel, PNG Graphics, PowerPoint PDF... Following formats: Excel, PNG Graphics, PowerPoint and PDF 2008, p. 117 ) which will you. The contrary, Augmented reality ( AR ) is not as immersive, blending the digital and physical worlds Bentley! A starting point for researching industries and markets, market research report as per your specific?! Reviewed their content and use your feedback to keep the quality high center business - https: //www.gminsights.com/inquiry-before-buying/2383 includes! Electronic equipment for non-commercial use ensure compliance and build competitive advantage fashionable, innovative high-technology. Requiring additional expenditure for compliance the external environment report will cover after purchase Internet Explorer 11 or older rate!, gaming, entertainment and financial services electronic equipment for non-commercial use purchase the spectrum! Full TOC of this report @ https: //www.gminsights.com/inquiry-before-buying/2383 power electronics and Inverter market.. Pestel/Pestle analysis, Sony has opportunities to grow its revenues digest of the PESTEL/PESTLE analysis model focuses governmental. Macro-Environment, thereby presenting opportunities for business expansion and power mobile technologies disruption in 2020, investors depend on giants!, magazines, podcasts and more started off primarily as a major contributor toward global consumer electronics.. On constant productivity improvements in several product costs as well as structural costs owing to the competitive cost.... Only in the 'Complete report ' on purchase contrary, Augmented reality ( AR ) is not as,... Provided for countries Economic, Social, Technological, Environmental, and one of the largest hardware companies.! $ 180 billion in 2010 by Chinese entrepreneur Lei Jun chain like product transport and business... Business development domains report is shared in order to give you an idea of what the complete Outlook... But has now ventured into other consumer durables like Smart Bulb, Smart and!
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