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. Industry Analysis. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. As employers realize they no longer need to splurge on office pace and employees realize they can save time by avoiding their commutes remote work was bound to grow in popularity, but coronavirus certainly sparked a push. PESTLE stands for: P - Political. Sonys performance depends on economic trends. 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. 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 article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. In. 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. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. It has established itself as a leader in manufacturing and sales of air conditioning equipment. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. SWOT & PESTLE.com (2023). This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. 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. Logitech International S.A. has an excellent reputation and for good reason. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). The following factors reduce the bargaining power of Apple customers: 1. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Keep it up! 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. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Theseare good resourcesfor country profiles. Another new niche in the electronics industry is that of racing simulators. 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. Raw Material Suppliers 3.5.2. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. 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. Wholesalers and/or Retailers 3.6. Among these, there have been both beneficial and harmful factors. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. 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. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Virtual reality (VR) is a fascinating way to explore the world through head-mounted devices, from environments created from the real world to the virtual world of gaming, or innovation in industrial and medical applications. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. Lenovo has made sustainable packaging as an important part of its environmental initiatives. 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. 3. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. 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 relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. PESTLE Analysis. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. Most of these external factors present opportunities that Sony can take. Meizu Telecom Equipment Co., Ltd. 7.28. 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. Email:sales@gminsights.com These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Phone:1-302-846-7766 My other interests include sketching, reading, and singing. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. 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. India : Electronics Sector Report_August 2013, Lg electronics global strategy in emerging markets, LG Consumer durables:Home appliances Marketing Analysis, Consumer Electronics in India - An Analysis, LG L Series Market Research and Consumer Behaviour Analysis, Analysis Samsung with Five-Force Model and Protein Model, Microeconomic analysis of mobile phone industry, industrial analysis report of Consumer durables and Sony enterprise, Buyer behavior in consumer electronics market, 31934961 oen-india-organisational-study-report, Information Communication Technology & Electronics (ICTE), Consumer electronic products business in india, WITSA - Global Survey of IT/Software Associations, Andhra pradesh electronic hardware policy 2012 2017, India E-Waste Management Market Forecast & Opportunities, 2019, The Power conversion component market in India2008, 7.Pre-recorded Video Lectures Schedule-Atomic & Molecular Physics.pdf, LEARNING TO RECONGNIZE MONEY LAUNDERING TYPOLOGIES - 2023, Debt Watch | ICICI Prudential Mutual Fund, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. The detailed complete set of references are available on request in the 'Complete report' on purchase. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Sony depends on technologies used in its business, and technologies that facilitate the use or consumption of its products. 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 . The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. Digital Marketing and Social Media Strategy Analysis Report. It leads the air conditioning industry in 3 cutting edge technologies employed in heat pump, in inverter Micron Technology is an American global corporation and S&P 500 company headquartered in Boise, Idaho. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. Copyright by Panmore Institute - All rights reserved. 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. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Traditionally, the main products in this market are TV, VCR, and CD player etc. Provide a PESTEL analysis for the Consumer Electronics industry. 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. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. !-Keith GrencherBirmingham Business School. Rapidly increasing internet penetration across the globe will drive the market growth. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. PESTEL Analysis of Consumer Electronics Market. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. The market is projected to grow USD 1000.9 Billion in 2030 . 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. Do you want us to design a market survey or write a market research report as per your specific requirements? Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . Through a comprehensive strategy covering all aspects of the business, setting objectives and targets, Lenovo aims to reduce greenhouse gas emissions across the supply chain. The effect of COVID-19 on this industry is examined in this paper. UCF Research Guides. 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. 3.4. ProQuest. Smartphones are the largest segment in the CE market. 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. The brand has a solid reputation for creating high-quality products at a very reasonable price point, having done so since as far back as 1981. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. India is one of the 10 countries identified by Lenovo for data center expansion. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. This Bentley Library research guide was created to provide a starting point for researching industries and markets. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. 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. 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. 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. Analysis for the Consumer Electronics industry Blog: http://algosonline.com/technology, Your email address will not be published. The . 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. 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. 2003-2023 Chegg Inc. All rights reserved. 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. 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. Sony depends on technologies used in its business while expecting minimal challenges protecting... For example, the market from 2023 to 2030 to provide a PESTEL analysis for consumer. Extensive current Reports providing information on the go, leveraging existing enterprise relationships offline... Employees to use technology for reducing travel that mimic real-world driving experiences has skyrocketed you an of. 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