An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. View the full answer. !-Keith GrencherBirmingham Business School. Reach thousands of academicians and corporates. For example, the company can expand its online services in relation to its gaming products. The industry, over the recent years, has seen a slew of new product launches that runs a gamut from hard-drive equipped TVs to networked home appliances including next-generation refrigerators and washing machines, credits the increasing technology appetite along with the smart trends that have indeed led to a paradigm shift in the consumer behavioral pattern, impacting the consumer electronics industry dynamics. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 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. Enter the name of a country in the All Countries search box. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*, Further details: Begin typing PRS Group Political in the Publication box and then select PRS Group Political Risk Service that appears below the box and click Search. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. 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. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. 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. These steps can help you get back, Copyright 2020 Weberience LLC. Lenovo ensures that products are disposed of in an energy efficient manner. 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. The company must effectively consider these factors in its strategic decision-making. Clearly, Lenovo's core competencies present the company with an edge over its rivals. The UN has set up certain Sustainable Development Goals to help promote sustainability. 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. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. Subsidiaries, Partnerships and Collaborations Report. Includes Quick Links to current news and other relevant resources. 3.4. The brand has a solid reputation for creating high-quality products at a very reasonable price point, having done so since as far back as 1981. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. The market is projected to grow USD 1000.9 Billion in 2030 . All Rights Reserved by Barakaat Consulting. 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. Among the giants, Apple was named one of the most valuable brands in the world. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. The P stands for the political factors, and are those driven by government actions and policies. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. It allows a company to form an impression of the factors that might impact a new business or industry. Latest Report Contains (114) Pages. This external factor creates opportunities for Sony to grow its revenues. Google search the company name and "investor relations." Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. Visit original statistic The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. 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. 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. This external factor is a threat because it creates more challenges against the company. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. Governments are now increasing their efforts for data security, which supports the growth of businesses with online operations. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. 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. They may also include shifters, handbrakes, and other such automotive peripherals. 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. 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. Clipping is a handy way to collect important slides you want to go back to later. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Activate your 30 day free trialto unlock unlimited reading. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Approximate the. 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). PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. 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 effect of COVID-19 on this industry is examined in this paper. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. 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. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Trade war and distrust against Chinese companies in United States, 1. The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. A public opinion/polling database of 500,000+ questions and answers on a wide range of topics collected by the Roper Center for Public Opinion Research; data covers 1935-present. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Perhaps the electronics manufacturer will even look to create its own VR headset. Email:sales@gminsights.com However, we may send you emails on our new reports and solutions. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Do you want us to design a market survey or write a market research report as per your specific requirements? Do not sell or share my personal information. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS L - Legal. 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. In 2020 businesses operating in the consumer electronic sector are highly governed by tech trends like Augmented Reality, Virtual Reality, edge computing Internet Of Things, Machine Learning, Blockchain and Artificial Intelligence. . UCF Research Guides. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. 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. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. Yksel, I. As a result, IoT security has recently gained traction in both industry and academia. Read More Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Technological innovation in todays device-filled world, 1. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. Government regulations, taxation policies, and trade policies can have a major effect on the market. Moreover, the report contains analyses of Samsung leadership, business . Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. Another new niche in the electronics industry is that of racing simulators. 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. Holistic Analysis Consumer Electronics Market Outlook (2023 to 2033) The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5.8% during the forecast period. Required fields are marked *. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. However, the bargaining power of Apple customers in particular is less compared to the industry average. They helped me with my custom research and delivered before time! In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. 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. Digital Marketing and Social Media Strategy Analysis Report. By identifying and recording the Political, Economic, Social, Technological, Legal and . This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. Proprietary reports and ratings assess country, banking and sovereign risk. This external factor creates opportunities for Sony to enhance its online operations. The company must effectively consider these factors in its strategic decision-making. Full text of 300+ U.S. and international news sources. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. The company can sell these products to existing clients of the PC and data center businesses. Looks like youve clipped this slide to already. Get in touch with us. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Terms in this set (25) PESTEL analysis. Per your specific requirements this external factor is a great opportunity for diversification beyond the core PC business, existing... 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