The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. 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. 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. For example, the company can expand its online services in relation to its gaming products. 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." (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. I am also present on - Exposure to global macroeconomic environment, 1. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. PESTEL analysis is also a very popular tool among management consultants to help their clients develop innovative product and market initiatives, as well as within the financial analyst community, where factors may influence model assumptions and financing decisions. 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. The company is developing an IoT solution bundle combining hardware, software and services. For CCPA and GDPR compliance, we do not use personally identifiable information to serve ads in California, the EU, and the EEA. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Sonys performance depends on economic trends. Amazon.com Inc. operates alongside political influence. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. Consumer Electronics Market size was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 2021 to 2027. 22.5 lakh crore) by 2024-25. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. 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. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Here is a Political factor affecting Logitech: Logitech manufactures the vast majority of its products in Suzhou, China. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. Enter the name of a country in the All Countries search box. COVID-19 Impact Analysis. Consumer electronics industry is a fashionable, innovative and high-technology industry. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. 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. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. 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. Including the results of the PESTEL/PESTLE analysis can increase the suitability of Sonys strategies with regard to the remote or macro-environment of the business. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. Wholesalers and/or Retailers 3.6. 4. latestresearchandtrends.wordpress.com 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. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. In. 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 has implemented various programs that are inline to achieving the UN goals. Weak smartphone business compared to competitors, 1. These markets have the highest growth rates, which can boost the companys overall revenues. In relation, governments are developing additional measures to support online business. 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. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. The market is projected to grow USD 1000.9 Billion in 2030 . The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. It appears that you have an ad-blocker running. Value Chain Analysis 3.5.1. Tap here to review the details. Apple is one of the most recognizable and present brands in the consumer electronics industry. Edit them in the Widget section of the. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. This aspect of the PESTEL/PESTLE analysis determines the effects of regulations on firms. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. IHS Connect provides continuously updated analysis of global business conditions and economic information. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. Another aspect of sustainability is choosing materials that cause less strain on the environment. 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. 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. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Provides relevant industry reports; find the industry your company operates in. 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 aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. Meizu Telecom Equipment Co., Ltd. 7.28. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Customized Solutions 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. 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 dominant players in the industry are large companies such as Apple, Samsung, and Sony. 2. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. 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. Your email address will not be published. Activate your 30 day free trialto continue reading. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. E - Environmental. Segmentation, Targeting and Positioning (STP) Analysis Report. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 1. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. Traditionally, the main products in this market are TV, VCR, and CD player etc. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Not to mention, with anticipation of smart notion chiefly characterizing this business fraternity, the consumer electronics industry players are overt to witness a plethora of opportunities in the coming years. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. Blog: http://algosonline.com/technology, Your email address will not be published. Trade war and distrust against Chinese companies in United States, 1. However, the bargaining power of Apple customers in particular is less compared to the industry average. PESTLE Analysis 3.5. Proprietary reports and ratings assess country, banking and sovereign risk. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 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. 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. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Looks like youve clipped this slide to already. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Free resource. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. Reach thousands of academicians and corporates across the globe. 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. Make your selection, and on the country's landing page: Search tip:Look for the Browse menu on the right side of the page and select[Country Reports]. 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. 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: 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. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 2024 in detail along with the table of contents: https://www.gminsights.com/industry-analysis/consumer-electronics-market. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. 3.15 trillion (US$ 48.37 billion) in 2022. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. Political conditions affect the markets where Sony operates. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. Lenovo ensures that products are disposed of in an energy efficient manner. 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. 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 . Clipping is a handy way to collect important slides you want to go back to later. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. It allows a company to form an impression of the factors that might impact a new business or industry. The growth drivers are: large number of internet users, increasing usage of smart devices, rising awareness of healthy lifestyles and fitness, rising importance given to monitoring homes from remote locations and rising need for energy efficient solutions. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. We've encountered a problem, please try again. Strong financial performance across the Group, 1. 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. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. As consumers around the world become wealthier, their electronics spending is expected to increase especially in poorer regions where these products were previously out of reach. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. 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. Click here to review the details. Analysis for the Consumer Electronics industry Read More 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. 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. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.COM. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. Lenovo has announced in 2019 its plans to quadruple IoT investment. Automation and digitization trends have been a game changer for practically every business sector, consumer electronics industry bagging the top position in the transformation queue. This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. 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. For different referencing styles and detailed guidelines, please click here. 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. This section is available only in the 'Complete Report' on purchase. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. 1. https://www.slideshare.net/robertserry16/presentations With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. PESTEL Analysis of Consumer Electronics Market. Another consideration is the increasing availability of recycling facilities. 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. The Daikin Industries was founded in the year 1924. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. Phone:1-302-846-7766 This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. SWOT & PESTLE.com (2023). Also, search for articles in periodicals and journals on individual PESTEL factors in the country, articles on a company and the industry it operates in. 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. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. Reach thousands of academicians and corporates. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. Abstract The consumption of parboiled rice in Brazil is low when compared to milled rice, despite alleged nutritional, convenience and technological benefits. Now customize the name of a clipboard to store your clips. China is another major region standing as a major contributor toward global consumer electronics industry share. 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