It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. 7.40. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. 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. Keep it up! As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. Among the giants, Apple was named one of the most valuable brands in the world. Looks like youve clipped this slide to already. Now customize the name of a clipboard to store your clips. 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. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. 7.26. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. Exposure to global macroeconomic environment, 1. Logitech International S.A. has an excellent reputation and for good reason. Samsung Electronics DRC operates in a dynamic . These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? 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. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Analysis for the Consumer Electronics industry PESTLE stands for: P - Political. L - Legal. Read More PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. 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. Sonys performance depends on economic trends. The PESTLE analysis (Phan, 2021; Cadle et al. Activate your 30 day free trialto continue reading. The company focuses on initiatives to meet the following goals: quality education, gender equality, decent work and economic growth, industry innovation and infrastructure, responsible consumption and production, and climate action. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. Corporate Sales, USA Overall Impact of . In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. Based on this aspect of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities in the remote or macro-environment. The company must effectively consider these factors in its strategic decision-making. 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 external factor is a threat because it creates more challenges against the company. The Daikin Industries was founded in the year 1924. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. 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. 3. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. 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. (2012). 1. https://www.slideshare.net/robertserry16/presentations Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Bargaining power of buyers in consumer electronics industry is generally huge. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. 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. Investors and managers can use the analysis in evaluating Sonys strategies. Approximate the. 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 analysis is also a very popular tool among management consultants to help their clients develop innovative product and market initiatives, as well as within the financial analyst community, where factors may influence model assumptions and financing decisions. Need Strategic Analysis for this company? of Electronics industry. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. 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: MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. Murphey, M., & Gause, R. (1974). Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. Theseare good resourcesfor country profiles. It looks like you're using Internet Explorer 11 or older. In. Please note that you agree to receive email updates from us on our new reports and solutions. PESTLE Analysis 3.5. Results will usually include Country Reports and Dossiers. 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. India is one of the 10 countries identified by Lenovo for data center expansion. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Koninklijke Philips N.V. (E & H). This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. 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. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. 2. http://electronicandmediasize.blogspot.in Are you looking for a report which is not covered on our website? 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 the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2383. 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. Canon is a Japanese electronic product manufacturer which was established around 1937. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . As per reliable statistics, by 2020, Asia Pacific is expected to witness 903 million TV households, an upsurge of 100 million than that recorded in 2014. Visit original statistic Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Amazon.com Inc. operates alongside political influence. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. 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. Reach thousands of academicians and corporates across the globe. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. 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. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. PESTEL analysis. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. 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. 7.12. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. 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. 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. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Panasonic has its headquarters in Osaka, Japan. Smartphones are the largest segment in the CE market. Free resource. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. E-commerce of Consumer Electronics Products Market Segmentation, By Application. 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. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. !-Keith GrencherBirmingham Business School. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. 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. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. I am also present on - 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. U.S. Census Bureau platform that provides data on the U.S. people and economy: population, education, business, employment, health, housing, income and poverty, economy, families and living arrangements, and international trade. PESTEL stands for - Political, Economic, Social, Technological, For different referencing styles and detailed guidelines, please click here. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. Pew Research Center conducts public opinion surveys around the world on a broad array of subjects ranging from people's assessments of their own lives to their views about the current state of the world and important issues of the day. Especially during the pandemic (COVID-19), that disrupted growth in several sectors, the consumer electronics market was resilient, even with the intermittent closure of physical stores worldwide. 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. Lenovo ensures that products are disposed of in an energy efficient manner. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. Environmental, Social, and Governance (ESG) Analysis Report. UCF Research Guides. Perhaps the electronics manufacturer will even look to create its own VR headset. This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. By accepting, you agree to the updated privacy policy. It has been further anticipated that the TV households will have an average of 1.21 TV sets per home, significantly leading to more than 1.3 billion sets across the Asia Pacific belt by 2020. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Experts are tested by Chegg as specialists in their subject area. 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. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. 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. 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