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: Grow your business. ProQuest. Among the giants, Apple was named one of the most valuable brands in the world. Another consideration is the increasing availability of recycling facilities. Koninklijke Philips N.V. (E & H). I am also present on - Meizu Telecom Equipment Co., Ltd. 7.28. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. The Summary report contains the SWOT & PESTLE table contents only. Weak smartphone business compared to competitors, 1. Raw Material Suppliers 3.5.2. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! SWOT & PESTLE.com (2023). It appears that you have an ad-blocker running. 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. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. Sonys performance depends on economic trends. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. 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. 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. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Technological innovation in todays device-filled world, 1. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. The company can sell these products to existing clients of the PC and data center businesses. Another consideration is the increasing level of disposable income worldwide. 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. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. (2012). 1. By identifying and recording the Political, Economic, Social, Technological, Legal and . 2. Includes Quick Links to current news and other relevant resources. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. However, we may send you emails on our new reports and solutions. Your email address will not be published. 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. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. Another new niche in the electronics industry is that of racing simulators. As every new generation of gamers is born, the gaming industry continues to expand. 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. 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. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Yet another factor to have propelled China consumer electronics industry space is the region being host to renowned industry players including the likes of Midea group and Gree Electric, which are regarded as two of the top pioneers in consumer electronics industry space. Analysis for the Consumer Electronics industry Segmentation, Targeting and Positioning (STP) Analysis Report. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. Key Performance Indicators (KPI's) Report. 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. 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. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. E - Environmental. Operations Management questions and answers. 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. Lenovo has announced in 2019 its plans to quadruple IoT investment. 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. 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. Interactive maps, charts, and graphs present data on specific geographies. 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. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. T - Technological. 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Public Company Websites. 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. For example, the company can enhance its brand image by increasing its sustainability efforts. 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. 1. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with technology, and adding new product lines towards changing lifestyles. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. !-Keith GrencherBirmingham Business School. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. Experts are tested by Chegg as specialists in their subject area. Base year - 2021. Terms in this set (25) PESTEL analysis. Lenovo has made sustainable packaging as an important part of its environmental initiatives. Investors and managers can use the analysis in evaluating Sonys strategies. . 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 invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. COVID-19 Impact Analysis. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. It has established itself as a leader in manufacturing and sales of air conditioning equipment. Industry Analysis. 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. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Theseare good resourcesfor country profiles. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. 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. Step-by-step guide for conducting industry research with links to sources of information, General U.S. and International Industry Reports and Trends, https://libguides.libraries.wsu.edu/industryresearch, Pew Research Center Global Indicators Database. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. 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. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. China is another major region standing as a major contributor toward global consumer electronics industry share. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. 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. My other interests include sketching, reading, and singing. Micro-Star International Co., Ltd.(MSI). A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. 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.". 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. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Reach thousands of academicians and corporates across the globe. Growing global smart home market: According to industry research, the smart home market is expected to grow at a CAGR of 12.02% from $76.6 billion in 2018 to $151.4 billion in 2024. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. We are happy to help. 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. Are you looking for a report which is not covered on our website? One of the biggest markets for consumer electronics is in the United States, with annual consumer. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. Each category includes in-depth reports, analyst comments, statistics and external sources. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. Opportunities in data center market in India: Many local and global data center operators are investing heavily in India, especially in the cities of Mumbai, Bengaluru and Hyderabad. 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. 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. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. 2. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. 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 Ansoff Matrix Analysis Report will cover after purchase. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . The effect of COVID-19 on this industry is examined in this paper. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. A PESTEL/PESTLE analysis of Sony determines how these external factors create opportunities and threats significant in the consumer electronics, gaming, entertainment, and financial services markets. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. 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