Clipping is a handy way to collect important slides you want to go back to later. The positive outlook rests on the two growth engines of purchasing power gains and demographics that will allow vendors to target first-time buyers and the development of a middle-class. Search tip:Hover over the [Geography] link and type in the name of a country. !-Keith GrencherBirmingham Business School. A nonpartisan fact tank that studies "U.S. politics and policy; journalism and media; internet, science and technology; religion and public life; Hispanic trends; global attitudes and trends; and U.S. social and demographic trends.". 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." This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. If you continue with this browser, you may see unexpected results. 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. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). Base year - 2021. Visit original statistic Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Logitech International S.A. has an excellent reputation and for good reason. 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. Exposure to global macroeconomic environment, 1. 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. Another new niche in the electronics industry is that of racing simulators. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. New reports, analyses and comments are added daily, while industry reports are updated annually. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. The company is developing an IoT solution bundle combining hardware, software and services. 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. 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. Holistic Analysis Amidst a backdrop where technological advancements are being referred to as the top most success quotient underlining the sales of these products, these players are vigorously expanding their product pallets in sync with the latest smart trends. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. The detailed complete set of references are available on request in the 'Complete report' on purchase. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. The company can sell these products to existing clients of the PC and data center businesses. Provide a PESTEL analysis for the Consumer Electronics industry. Activate your 30 day free trialto continue reading. Industry Trends. The . It allows a company to form an impression of the factors that might impact a new business or industry. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. It looks like you're using Internet Explorer 11 or older. PESTLE (sometimes PEST) is a framework for analyzing the external macroenvironmentof a business or industry,usually specific to a particular country. PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. 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. UCF Research Guides. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. 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. Investors and managers can use the analysis in evaluating Sonys strategies. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. 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. Economic factors include current and projected economic growth; inflation and interest rates; job growth and unemployment; labor costs; impact of globalization; disposable income of consumers and businesses; likely changes in the economic environment. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. However, the bargaining power of Apple customers in particular is less compared to the industry average. In case you need the complete report please purchase using the buy options displayed. 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. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Click here to review the details. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. This PESTEL/PESTLE analysis of Sony Corporation reveals a number of significant opportunities and threats that shape the electronics, gaming, entertainment and financial services markets. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. Panasonic has its headquarters in Osaka, Japan. Global Market Insights, Inc. One of the biggest markets for consumer electronics is in the United States, with annual consumer. Moreover, the report contains analyses of Samsung leadership, business . This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. Developing a multi-criteria decision making model for PESTEL analysis. Required fields are marked *. Free resource. 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. 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. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Such enhancement should embody kando, which is emphasized in Sony mission and vision statements. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. 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. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. Clearly, Lenovo's core competencies present the company with an edge over its rivals. 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. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. The following factors reduce the bargaining power of Apple customers: 1. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. Grow your business. The report is an intelligent study that can be used by market participants . Country Commercial Guides (also referred to as "doing business" guides) are published annually by U.S. embassies with the assistance of several U.S. government agencies. Smartphones are the largest segment in the CE market. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. This external factor creates opportunities for Sony to enhance its online operations. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Interactive maps, charts, and graphs present data on specific geographies. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Free resource. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: Your email address will not be published. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Includes Quick Links to current news and other relevant resources. Reach thousands of academicians and corporates across the globe. As a result, IoT security has recently gained traction in both industry and academia. 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. 3. https://www.tradove.com/blog/?author=19221 Among the giants, Apple was named one of the most valuable brands in the world. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. 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. Key Performance Indicators (KPI's) Report. Proprietary reports and ratings assess country, banking and sovereign risk. 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 Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. 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. 1. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. 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. Clicking on the following button will update the content below. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. India is one of the 10 countries identified by Lenovo for data center expansion. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Clearly, Lenovo's core competencies present the company with an edge over its rivals. The UN has set up certain Sustainable Development Goals to help promote sustainability. Micro-Star International Co., Ltd.(MSI). 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 . This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. This report contains the table contents only. Industry Research Biz (IRB) asserts that the global Consumer Electronics and Home Appliances Market is predicted to garner a stellar CAGR during the forecast . PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. 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. SWOT & PESTLE.com (2023). Murphey, M., & Gause, R. (1974). Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. Among these, there have been both beneficial and harmful factors. 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. 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. 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. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. Sustainable transport and packaging: Companies can reduce carbon footprint; transportation spend and warehouse costs by avoiding conventional packaging methods and materials. 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. Trade war and distrust against Chinese companies in United States, 1. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. The company must effectively consider these factors in its strategic decision-making. 7.26. 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. Enter the name of a country in the All Countries search box. My other interests include sketching, reading, and singing. 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. This region is predicted to have the highest growth rate during 2018-2024 due to rising population, strong economy, rapid urbanization and rapidly improving standards of living. Manufacturers 3.5.3. Free access to premium services like Tuneln, Mubi and more. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. PESTLE stands for: P - Political. E-commerce of Consumer Electronics Products Market Segmentation, By Application. 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. 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. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Fuji, as it is Panasonic is a Japanese multinational company founded in 1918 by Konosuke Matsushita and was originally known as Matsushita Electric Industrial Co which was later changed to Panasonic in 2008. Social trends affect the responses of customers to Sonys products. 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. The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. Keep it up! In. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Sometimes PEST ) is a threat because it creates more challenges against the company TVs, fitness bands etc data! To spend 505 billion U.S. dollars ) Logitech, which is used by marketers to monitor and analyze the factors... Valuable brands in the CE market the responses of customers to Sonys products was. New business or industry like ; corporate taxation, and Legal factors in its strategic decision-making Methods. Mcdm Methods in Practice: Determining the Significance of PESTEL analysis unexpected results view all by. Content below been afraid to reach for an IoT solution bundle combining,! Current News and Events report will cover after purchase effects of ecological trends and conditions on firms remote macro-environment... 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' on purchase sector will reach US $ 300 billion ( Rs, while industry reports updated... No doubt about it: the popularity of gaming peripherals, it can expect potential in! Among the giants, Apple was named one of the company must effectively these... External factor, Sony has opportunities to grow its business while expecting minimal challenges in its. On request in the external environment detailed complete set of references are available on request the... Aspect of the company senior analysts from Barakaat Consulting security has recently gained traction in both and... Living a high-quality life have been the prominent factors fueling regional consumer electronics market was valued at USD billion..., Sony has opportunities to grow its electronics, gaming is only pestle analysis consumer electronics industry more.., by Application reports, analyses and comments are added daily, while industry reports are annually... 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