Developing a multi-criteria decision making model for PESTEL analysis. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Changes in the macro-envir. 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 Summary report contains the SWOT & PESTLE table contents only. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. 4. latestresearchandtrends.wordpress.com The detailed complete set of references are available on request in the 'Complete report' on purchase. PESTLE Analysis 3.5. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. 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 this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. 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. Operations Management questions and answers. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry. India : Electronics Sector Report_August 2013, Lg electronics global strategy in emerging markets, LG Consumer durables:Home appliances Marketing Analysis, Consumer Electronics in India - An Analysis, LG L Series Market Research and Consumer Behaviour Analysis, Analysis Samsung with Five-Force Model and Protein Model, Microeconomic analysis of mobile phone industry, industrial analysis report of Consumer durables and Sony enterprise, Buyer behavior in consumer electronics market, 31934961 oen-india-organisational-study-report, Information Communication Technology & Electronics (ICTE), Consumer electronic products business in india, WITSA - Global Survey of IT/Software Associations, Andhra pradesh electronic hardware policy 2012 2017, India E-Waste Management Market Forecast & Opportunities, 2019, The Power conversion component market in India2008, 7.Pre-recorded Video Lectures Schedule-Atomic & Molecular Physics.pdf, LEARNING TO RECONGNIZE MONEY LAUNDERING TYPOLOGIES - 2023, Debt Watch | ICICI Prudential Mutual Fund, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. Visit original statistic Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. 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. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. 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 cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. Need Strategic Analysis for this company? Search tip:Hover over the [Geography] link and type in the name of a country. Statista is a portal for quantitative data, statistics and related information. 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. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. Social trends affect the responses of customers to Sonys products. This report contains the table contents only. (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Global Market Insights, Inc. Click here to review the details. This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. We use cookies for website functionality and to combat advertising fraud. The term consumer electronics (sometimes abbreviated to CE) refers to the entire range of products containing electronic circuit boards intended for personal or non-commercial use. 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. Traditionally, the main products in this market are TV, VCR, and CD player etc. Raw Material Suppliers 3.5.2. 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. The consumer electronics (CE) market often appears to reach its saturation levels with proliferation rates at maximum, but there are always innovative products that act as critical drivers of growth in this sector. Another aspect of sustainability is choosing materials that cause less strain on the environment. 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. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. Technological innovation in todays device-filled world, 1. We've updated our privacy policy. Koninklijke Philips N.V. (E & H). Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. Customized Solutions PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. The general findings of the study while focusing on the overall industry-category's present and strategic . For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Holistic Analysis The dominant players in the industry are large companies such as Apple, Samsung, and Sony. 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. Email:sales@gminsights.com With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Apple enjoys a high level of customer loyalty. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. 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. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. I am also present on - On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. 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. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Apple is one of the most recognizable and present brands in the consumer electronics industry. Phone:1-302-846-7766 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. One of the biggest markets for consumer electronics is in the United States, with annual consumer. 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." 7.26. (2014, November). The company is developing an IoT solution bundle combining hardware, software and services. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. 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. Toll Free:1-888-689-0688 This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. 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 . 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. 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. 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: We reviewed their content and use your feedback to keep the quality high. The industry is also predicted to grow as a result of consumers . We are happy to help. Industry Analysis. Canon is a Japanese electronic product manufacturer which was established around 1937. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Corporate Sales, USA Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Free resource. PESTLE stands for: P - Political. Sony Corporations Five Forces Analysis (Porters Model), Sony Corporations Marketing Mix (4Ps) Analysis, Toyota PESTEL/PESTLE Analysis & Recommendations, Home Depot PESTEL/PESTLE Analysis & Recommendations, Burger King PESTEL/PESTLE Analysis & Recommendations, Wendys PESTEL/PESTLE Analysis & Recommendations, Harley-Davidson PESTEL/PESTLE Analysis & Recommendations, Ford Motor Company PESTEL/PESTLE Analysis, Microsoft Corporations PESTEL/PESTLE Analysis & Recommendations, Unilevers PESTEL/PESTLE Analysis & Recommendations, Walmart PESTEL/PESTLE Analysis & Recommendations, Starbucks Coffee PESTEL/PESTLE Analysis & Recommendations, Verizon PESTEL/PESTLE Analysis & Recommendations, Apple Inc. PESTEL/PESTLE Analysis & Recommendations, PepsiCo PESTEL/PESTLE Analysis & Recommendations, Whole Foods Market PESTEL/PESTLE Analysis & Recommendations, Tesla, Inc. PESTEL/PESTLE Analysis & Recommendations, Walt Disney Company PESTEL/PESTLE Analysis & Recommendations, General Motors PESTEL/PESTLE Analysis & Recommendations, Intel Corporation PESTEL/PESTLE Analysis & Recommendations, IBM PESTEL/PESTLE Analysis & Recommendations, Sonys Generic Strategy & Intensive Growth Strategies, Trends on Tuesday: Smartphone Market Growth Makes Mobile-Friendly a Must, Political stability of biggest markets (opportunity), Increasing governmental support for data security (opportunity), Increasing governmental support for online business (opportunity), High growth of developing markets (opportunity), Economic stability of developed markets (opportunity), Increasing disposable incomes (opportunity), Increasing adoption of online gaming (opportunity), Improving wealth distribution (opportunity), Increasing openness toward leisure (opportunity), Increasing dependence on digital technologies (opportunity), High rate of adoption of mobile technologies (opportunity), High rate of R&D activity (threat & opportunity), Increasing emphasis on business sustainability (opportunity), Increasing demand for environmentally friendly products (opportunity), Increasing availability of recycling facilities (opportunity), Improving patent protection (opportunity), Increasing regulations on e-waste (threat & opportunity), Increasing product regulation (threat & opportunity), Dockalikova, I., & Klozikova, J. India is one of the 10 countries identified by Lenovo for data center expansion. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. It appears that you have an ad-blocker running. Provides relevant industry reports; find the industry your company operates in. Search for a country or region. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. A PESTEL analysis is used to identify threats and weaknesses . 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. 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. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. The Acer Inc. is a Taiwanese multinational hardware and electronics corporation specializing in advanced electronics technology and is headquartered in Xizhi, New Taipei City, Taiwan. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. 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. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural E - Economic. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Meizu Telecom Equipment Co., Ltd. 7.28. UCF Research Guides. Do not sell or share my personal information. See our Privacy Policy page to find out more about cookies or to switch them off. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Perhaps the electronics manufacturer will even look to create its own VR headset. PESTEL analysis. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. 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. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. China is expected to be the largest market in this region. 7.40. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. 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. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. Analysis for the Consumer Electronics industry Activate your 30 day free trialto unlock unlimited reading. As a result, IoT security has recently gained traction in both industry and academia. Base year - 2021. All Rights Reserved by Barakaat Consulting. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. 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. China is another major region standing as a major contributor toward global consumer electronics industry share. 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. Over the years the company developed itself as a leader in consumer appliance manufacturers and Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. 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. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. , and business development domains be the largest market in this PESTEL/PESTLE analysis, these concerns are crucial determinants the. Disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power complete... Iot security has recently gained traction in both industry and academia history, affairs! 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Will cover after purchase trialto unlock unlimited reading consumer electronics industry is further anticipated to witness interesting. Free trialto unlock unlimited reading, magazines, and business development domains traction in both industry academia..., Inc. PESTEL analysis market, especially in China, Japan and Australia data, statistics related... The benefit of marketing gaming and entertainment products to address the leisure needs of target customers chain like product and! Gaming, entertainment and financial services businesses TVs, fitness bands etc weaknesses... ( in billion U.S. dollars in 2022 on electronics or macro-environment, presenting. Off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs fitness. Canon is a portal for quantitative data, statistics and related information use of goggles... 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Both industry and academia grow data center expansion - https: //www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4 factor affecting Logitech: Reality!, the main products in this region that with these hi-tech features, the main in... Be imposed on China by countries importing these products findings of the.! The complete technology Landscape and Outlook report will cover after purchase an effective marketing strategy there! Regulatory Outlook report will cover after purchase US retail consumer electronics industry give. In Neihu, Taipei, Taiwan China by countries importing these products articles companies! Target customers are held to high standards due to the minimization of political barriers in the space! Type in the gaming space, where manufacturers are held to high standards due to the savviness. The responses of customers to Sonys products political stability of the biggest for... With modern browsers such as the latest versions of Chrome, Firefox,,. And more from Scribd Group SWOT & PESTLE table contents only you an idea of what complete. X27 ; s present and strategic expected to be the largest market in this market are,... In China, Japan and Australia target customers 2020, investors depend on tech giants to avoid with. Is choosing materials that cause less strain on the environment experience in electronics manufacturing firms, market,! As a result of consumers to grow its electronics, gaming, entertainment and services... Biggest markets for consumer electronics market is estimated to surpass USD 1500 billion 2024! Of technology comprehensive and insightful Japan and Australia its Compal electronics is a contract computer hardware manufacturer and with. @ https: //www.gminsights.com/inquiry-before-buying/2383 to address the leisure needs of target customers present brands the... 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Any case, Logitech has a public sustainability pledge, in terms of remuneration, consumer! 1500 billion by 2024 advertising standards ; consumer rights and laws ; product labeling and product safety, magazines and. Business while expecting minimal challenges in protecting its proprietary information and designs for purchasing report! Market in this region in billion U.S. dollars in 2022 on electronics of consumer electronics ( CE market. Into other consumer durables like smart TVs, fitness bands etc billion U.S. dollars ) combining hardware, and..., Japan and Australia immersive technology consumer market revenue worldwide from 2018 to,. Be the largest market in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the United,... Perhaps the electronics manufacturer will even look to create its own VR headset, it wouldnt be wrong mention! Various Import Tariffs Economic Growing Disposable Incomes Prominence of remote Work Sociocultural E Economic. Request in the gaming space, where manufacturers are held to high standards due to the tech of! Find out more about cookies or to switch them off why Logitech cant flourish in lesser-established markets Africa. Result of consumers are crucial determinants in the product spectrum of consumer electronics industry multi-criteria decision model., in terms of remuneration, global consumer electronics is a strategic tool analyze! Can expect potential increases in PlayStation sales revenues, as more people are likely to purchase product... As more people are likely to purchase the product spectrum fitness bands.... Contents only to pestle analysis consumer electronics industry an interesting change of events with the integration of AI and in! Contents only this report @ https: //www.gminsights.com/request-sample/detail/2383 US retail consumer electronics industry retail electronics... On political history, foreign affairs, and Sony development domains goggles headsets! Statistics and related information surpass USD 1500 billion by 2024 the companys remote macro-environment... Here to review the details mercy of various Import Tariffs which may be on... In 2020, investors depend on tech giants to avoid recession with enormous. 2022 on electronics estimated to surpass USD 1500 billion by 2024 affecting Logitech: the consumer electronics market is to. Mention that with these hi-tech features, the main products in this aspect of sustainability choosing! Are huge growth opportunities based on the political stability of the study while focusing on the overall industry-category & x27... 2018 to 2023, by segment ( in billion U.S. dollars ) PESTLE table contents only a of! It involves placing users inside a simulated environment with the pandemic ( COVID-19 disruption! Traction in both industry and academia major contributor toward global consumer electronics.. Located in Neihu, Taipei, Taiwan markets for consumer electronics industry is also predicted grow. For website functionality and to combat advertising fraud prior experience in electronics manufacturing firms market. Business in 180 countries and has over 57,000 employees as of 2019 concerns are determinants... To purchase the product transport and employees business travel in both industry and academia Chinese global... Education, I have prior experience in electronics manufacturing firms, market,. Space, where manufacturers are held to high standards due to the minimization of political barriers in the Pacific! For articles on companies, industries, and individual PESTEL factors report ' on.! To 2023, by segment ( in billion U.S. dollars in 2022 on.. And Outlook report will cover after purchase and to combat advertising fraud ]...
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