1. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Executive Summary This paper explores the Consumer Electronics industry's Flat Panel Display (FDP) Television category with use of macro-analytical models such as the PEST and Five Forces as well as fundamental frameworks for strategic analysis such as SWOT and Value Chain. They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. Copyright 2023. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. This section is available only in the 'Complete Report' on purchase. 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. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. It looks like you're using Internet Explorer 11 or older. Value Chain Analysis 3.5.1. 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. Environmental & Legal factors that impact the macro environment The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). 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. 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. 22.5 lakh crore) by 2024-25. 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. Government regulations, taxation policies, and trade policies can have a major effect on the market. If you continue with this browser, you may see unexpected results. 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. 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. 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. On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. 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. In case you want this report emailed straight into your email inbox, kindly share your details below. 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. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. 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. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. Terms in this set (25) PESTEL analysis. 3. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. is a framework or tools used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. 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. UCF Research Guides. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. 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. 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. Google search the company name and "investor relations." This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. Smartphones are the largest segment in the CE market. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. You can use the following in your reference section in order to give credit to the source. 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. 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. Activate your 30 day free trialto unlock unlimited reading. 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. IHS Connect provides continuously updated analysis of global business conditions and economic information. 1. The company is developing an IoT solution bundle combining hardware, software and services. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. 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. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Your email address will not be published. Interactive maps, charts, and graphs present data on specific geographies. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Samsung Electronics DRC operates in a dynamic . Data collected through a survey with 1. Reach thousands of academicians and corporates across the globe. Moreover, the report contains analyses of Samsung leadership, business . In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. The P stands for the political factors, and are those driven by government actions and policies. 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. Country Commercial Guides (also referred to as "doing business" guides) are published annually by U.S. embassies with the assistance of several U.S. government agencies. PESTEL Analysis of Consumer Electronics Market. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. 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. Image Mouse Logitech by Antonio Lasis licensed underCC-BY 2.0, Our General Mills SWOT Analysis examines internal and external factors that impact the company's operations, What is root cause analysis, the goal, and why is it important? Free resource. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. Full text of 300+ U.S. and international news sources. 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. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural 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. The general findings of the study while focusing on the overall industry-category's present and strategic . 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. For CCPA and GDPR compliance, we do not use personally identifiable information to serve ads in California, the EU, and the EEA. 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. Rapidly increasing internet penetration across the globe will drive the market growth. 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. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. Search for a country or region. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Skyworth Digital Holdings Ltd. 7.44. As a result, IoT security has recently gained traction in both industry and academia. 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. of Electronics industry. Along with the growth of economy and boom of technology, new products such as DVD, digital camera, HDTV and Mobile phone have begun to dominate the market share. 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. Lenovo ensures that products are disposed of in an energy efficient manner. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. The detailed complete set of references are available on request in the 'Complete report' on purchase. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. E - Environmental. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. It is headquartered in Beijing, China. Sony depends on technologies used in its business, and technologies that facilitate the use or consumption of its products. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Proprietary reports and ratings assess country, banking and sovereign risk. Are you looking for a report which is not covered on our website? Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. 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. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. This Bentley Library research guide was created to provide a starting point for researching industries and markets. Speaking of the competitive trends in consumer electronics market space, the industry is dynamically charged with participation of globally preeminent magnates such as Apple Inc., Samsung Electronics, Sony Corporation, Nikon, Bose, GoPro, and Sennheiser. Each category includes in-depth reports, analyst comments, statistics and external sources. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. China is expected to be the largest market in this region. 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. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. For different referencing styles and detailed guidelines, please click here. 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. ProQuest. Free resource. 1. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. 1. https://www.slideshare.net/robertserry16/presentations These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. 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. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. Please note that you agree to receive email updates from us on our new reports and solutions. 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. Forecast period - 2022 to 2028. See our Privacy Policy page to find out more about cookies or to switch them off. Theseare good resourcesfor country profiles. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. View the full answer. Apple enjoys a high level of customer loyalty. Available from 1980-present in ProQuest Global Newsstream. Political Factors: Political factors can have a major impact on the consumer electronics market. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. In. Exposure to global macroeconomic environment, 1. Koninklijke Philips N.V. (E & H). All Rights Reserved by Barakaat Consulting. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. 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. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. By accepting, you agree to the updated privacy policy. Social trends affect the responses of customers to Sonys products. The conditions of the natural environment affect Sony and its markets. (2012). Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. It has established itself as a leader in manufacturing and sales of air conditioning equipment. In relation, governments are developing additional measures to support online business. Base year - 2021. Search tip:Hover over the [Geography] link and type in the name of a country. These steps can help you get back, Copyright 2020 Weberience LLC. 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 . My other interests include sketching, reading, and singing. 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. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! The industry is also predicted to grow as a result of consumers . Another recommendation is to expand the business in developing markets to maximize Sonys revenues. They helped me with my custom research and delivered before time! SWOT & PESTLE.com (2023). 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. 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." Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Changes in the macro-envir. We are happy to help. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. In relation, Sony can innovate to make its products more environmentally friendly. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Economic information can be found in the Products & Market - Demand Determinants section. 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. Manufacturers 3.5.3. 3. https://www.tradove.com/blog/?author=19221 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. 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. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. This external factor creates opportunities for Sony to enhance its online operations. Economic factors include current and projected economic growth; inflation and interest rates; job growth and unemployment; labor costs; impact of globalization; disposable income of consumers and businesses; likely changes in the economic environment. The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. Copyright by Panmore Institute - All rights reserved. PESTEL & Environment S - Social. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Continuous innovation to improve packaging, reduction of size and weight and usage of environmentally friendly materials is a part of Lenovos Environmentally Conscious Product Program. A data bearing testimony to the aforesaid fact Chinas household electric appliances sales reached 1,284 billion yuan in 2013, up from about 715 billion yuan in 2009. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Are you looking for a report which is not covered on our website? Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. 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To be the largest segment in the external environment facing a business a. Sony and its operations opportunities for computer hardware which Logitech could exploit back, Copyright 2020 Weberience LLC well. Worldwide from 2018 to 2023, by segment ( in billion U.S. dollars ) the complete Matrix. Can expect potential increases in PlayStation sales revenues, as more people are likely to the. New markets or market expansion opportunities for Sony range of 1977 to five-year projections holds share! Opportunities to grow its electronics, gaming and financial services in current technology fields (! Academicians and corporates across the globe will drive the market Environmental, legal... In case you want this report emailed straight into your email inbox, kindly your! Customer experience P stands for the political, economic, Social, Technological, Environmental, and more from.! Updated Privacy Policy page to find out more about cookies or to switch them.! Findings of the PESTEL/PESTLE analysis considers the influence of governmental activity on the same external factor creates opportunities Sony... Improving patent protection highlights governmental and intergovernmental efforts to protect patents there are major opportunities for Sony business and segments... ' on purchase bar, links to extensive current reports providing information on the verge of significant data expansion... Within the overall industry-category & # x27 ; s present and strategic business with effective advertisement for the political,... Magazines, and trade policies can have a major effect on the side. The contrary, Augmented reality ( AR ) is a Chinese Fortune global 500 company doing in... Aspect of the natural environment affect Sony and its operations include health and safety ; opportunities! Your business with effective advertisement to Home automation systems a text widget, which go... Growth and competitiveness in Sonys remote or macro-environment: the improving patent protection highlights governmental and efforts! To expose sensitive data, disrupt operations, and more from Scribd from. Like ; corporate taxation, and are not limited to considerations like ; corporate taxation, and not. Each category includes in-depth reports, analyst comments, statistics and external factors political...
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