pestle analysis consumer electronics industry

This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. 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. UCF Research Guides. New reports, analyses and comments are added daily, while industry reports are updated annually. 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. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. It has established itself as a leader in manufacturing and sales of air conditioning equipment. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. 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. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. Corporate initiatives to achieve the UN Sustainable Development Goals: The rising awareness of the need for sustainability has led to governments and corporates implementing sustainability initiatives. Overall Impact of . 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . In addition, Sony has the opportunity to grow based on the increased governmental support for data security. In relation, governments are developing additional measures to support online business. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. PESTEL & Environment 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. 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. Copyright by Panmore Institute - All rights reserved. In case you need the complete report please purchase using the buy options displayed. 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. Open the Business section and select Company Dossier to search for information on a specific company. These markets have the highest growth rates, which can boost the companys overall revenues. Get in touch with us. 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. Top Quality. 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. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Lenovo is taking advantage of the growing data center opportunity in India by collaborating with government partners and startups for expansion of its data center business in the country. Phone:1-302-846-7766 One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Tap here to review the details. Raw Material Suppliers 3.5.2. This external factor creates opportunities for Sony to grow its revenues. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. 4. latestresearchandtrends.wordpress.com This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. Includes Quick Links to current news and other relevant resources. By identifying and recording the Political, Economic, Social, Technological, Legal and . The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. Each category includes in-depth reports, analyst comments, statistics and external sources. 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. 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. 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. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. 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. Apple enjoys a high level of customer loyalty. Technology and regulatory information can be found in the Operating Conditions section. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. 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). Free access to premium services like Tuneln, Mubi and more. Arun Hegde The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. Global smart wearable devices market will reach $137.15 billion by 2030, growing by 14.7% annually over 2020-2030 with a CAGR of 18.6% for unit shipment, owing to the growing consumer preference. Visit original statistic It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. 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. 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 Summary report contains the SWOT & PESTLE table contents only. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. 2. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. 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. Free resource. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. 3. 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. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. The effect of COVID-19 on this industry is examined in this paper. T - Technological. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. 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. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Another aspect of sustainability is choosing materials that cause less strain on the environment. 1. IHS Connect provides continuously updated analysis of global business conditions and economic information. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. 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. 1. https://www.slideshare.net/robertserry16/presentations 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. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. 1. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: 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. Free resource. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! This external factor points to increasing individual and organizational demand for digital technologies. 2. http://electronicandmediasize.blogspot.in Clipping is a handy way to collect important slides you want to go back to later. 5. https://issuu.com/robertserry Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. They helped me with my custom research and delivered before time! Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. If you continue with this browser, you may see unexpected results. High level of customer loyalty. 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. A recommendation is that the company must increase its efforts in product innovation to improve environmental impact and competitive advantage, while addressing concerns regarding product regulation. This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. 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. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. 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. Click here to review the details. Email:sales@gminsights.com When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. Lenovo has made sustainable packaging as an important part of its environmental initiatives. Experts are tested by Chegg as specialists in their subject area. Exposure to global macroeconomic environment, 1. COVID-19 Impact Analysis. (2012). Canon is a Japanese electronic product manufacturer which was established around 1937. Cuts down my effort to surf through heaps of redundant data.-Alexandra MookiMajor in Business Administration, Carnegie Mellon University, This website has an amazing support team. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. 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. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. 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 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. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. It looks like you're using Internet Explorer 11 or older. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. Use the search box to find information of interest, or choose from dropdowns providing access to information about industries, digital markets, consumer markets, and topics such as media, business, and society. 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. The following sociocultural external factors are relevant in the case of Sony Corporation: The increasing adoption of online gaming and the improving wealth distribution create more opportunities for Sony to increase its revenues from the sale of its gaming products. We use cookies for website functionality and to combat advertising fraud. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. However, we may send you emails on our new reports and solutions. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Now customize the name of a clipboard to store your clips. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. 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. Still, it supports a cost-effective alternative to VR under the umbrella of extended reality, allowing customers to experience products in a whole new environment. Latest Report Contains (114) Pages. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Industry Classification Codes: SIC & NAICS, Industry Surveys & Market Research Reports, MRI-Simmons Insights - consumer survey data, https://libguides.bentley.edu/industryresearch, analyzinga country's economic, business, political, legal and security risk, assessing commercial opportunities and challenges, examining social, cultural and environmental issues, Explore the headlines, special reports, data and analysis presented on the, Click the link in the green box to access the. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. 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.

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