Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. 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. Most of these external factors present opportunities that Sony can take. A collection of reports covering political and social issues, with regular reports on topics in health, international affairs, education, the environment, technology and the U.S. economy from 1991 to the present. A PESTEL analysis is used to identify threats and weaknesses . (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. Phone:1-302-846-7766 UCF Research Guides. In any case, the rise of remote work will create new demand for computer peripherals, such as mice, keyboards, and especially accessories used for online conferencing, like microphones and headsets. PESTEL Analysis of Consumer Electronics Market. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. 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. The company must effectively consider these factors in its strategic decision-making. 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. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. 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. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. For different referencing styles and detailed guidelines, please click here. Perhaps the electronics manufacturer will even look to create its own VR headset. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. High level of customer loyalty. T - Technological. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. 3.4. 1. For example, the US-China trade war has caused major disruption in the consumer electronics industry. This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. Investors and managers can use the analysis in evaluating Sonys strategies. Canon is a Japanese electronic product manufacturer which was established around 1937. Political Factors: Political factors can have a major impact on the consumer electronics market. 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. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. Macroeconomics is the study of large-scale economic elements, often relating to countries as a whole.The factors this analysis represents are political, economic, social, technological, legal and environmental. Consumer Electronics Market - Porter's and PESTEL Analysis 2017-2024 Asia Pacific is touted to be one of the largest markets for consumer electronics, driven by the extensive changes in macroeconomics, such as the expanding middle class population, rising disposable incomes, changing demographic patterns, and rapid urbanization trends. 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. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. Strong financial performance across the Group, 1. I am also present on - 3. Do you want us to design a market survey or write a market research report as per your specific requirements? Koninklijke Philips N.V. (E & H). 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. Among these, there have been both beneficial and harmful factors. Search for a country or region. Directory information on international and country-specific organizations, including government agencies, is also included. Click here to review the details. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. 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. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. 2. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. COVID-19 Impact Analysis. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. 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. 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. 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. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. Rapidly increasing internet penetration across the globe will drive the market growth. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. 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. 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. 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. Industry Analysis. 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. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. Another aspect of sustainability is choosing materials that cause less strain on the environment. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: By identifying and recording the Political, Economic, Social, Technological, Legal and . Read More Weak smartphone business compared to competitors, 1. 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. All Rights Reserved by Barakaat Consulting. 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. 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. 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. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. 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. However, we may send you emails on our new reports and solutions. It allows a company to form an impression of the factors that might impact a new business or industry. Theseare good resourcesfor country profiles. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. Samsung Electronics DRC operates in a dynamic . See our Privacy Policy page to find out more about cookies or to switch them off. 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. Please note that you agree to receive email updates from us on our new reports and solutions. This section is available only in the 'Complete Report' on purchase. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. ProQuest. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. 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." In relation, Sony can innovate to make its products more environmentally friendly. Amazon.com Inc. operates alongside political influence. 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. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . All Rights Reserved by Barakaat Consulting. Lenovo has implemented various programs that are inline to achieving the UN goals. 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. 1. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Technology and regulatory information can be found in the Operating Conditions section. As a result, Logitechs strong reputation for manufacturing good quality products will be vital in its continued success. 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. Consumer electronics industry is a fashionable, innovative and high-technology industry. Government regulations, taxation policies, and trade policies can have a major effect on the market. Toll Free:1-888-689-0688 Are you looking for a report which is not covered on our website? Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. Results will usually include Country Reports and Dossiers. Keep it up! In addition, Sony can boost its sales revenues based on increasing openness toward leisure. 3. https://www.tradove.com/blog/?author=19221 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. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Strong market potential in Internet of Things (IoT) business: According to projections by Bain, the IoT market is expected to double between 2017 and 2021, reaching $520 billion. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. The company can sell these products to existing clients of the PC and data center businesses. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. 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. SWOT & PESTLE.com (2023). As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. 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. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. Looks like youve clipped this slide to already. The effects of technological trends and conditions on the remote or macro-environment of firms are considered in this aspect of the PESTEL/PESTLE analysis. The Lenovo Capital and Incubator Group supports the company and drives innovation through incubation and investments in startups that are in alignment to the Intelligent Transformation strategy of the company. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. This external factor is a threat because it creates more challenges against the company. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. 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. 7.40. 1. https://www.slideshare.net/robertserry16/presentations Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Web:https://www.gminsights.com 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. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. Customized Solutions Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. Subsidiaries, Partnerships and Collaborations Report. 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. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. 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. The company is developing an IoT solution bundle combining hardware, software and services. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. This external factor creates opportunities for Sony to grow its revenues. 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. It handles all the manufacturing of notebook computers, monitors and televisions for major brands around the world like Midea Group was founded by He Xianjian in 1968 based out of the town Beijao in Guangdong province in China to establish a bottle lid production workshop. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Your email address will not be published. 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. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. 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. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Developing a multi-criteria decision making model for PESTEL analysis. Such products could attract more customers. Internal and external factors present opportunities that Sony can take peripherals produces high-quality products at an affordable price point only... 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