pestle analysis consumer electronics industry

Sony needs to consider the following economic external factors in its remote or macro-environment: Sony has the opportunity to grow alongside the economic growth in developing markets. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. (2014, November). This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. 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. PESTLE stands for: P - Political. High level of customer loyalty. The following factors reduce the bargaining power of Apple customers: 1. 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. Another consideration is the increasing level of disposable income worldwide. 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. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. 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. Such enhancement should embody kando, which is emphasized in Sony mission and vision statements. Continuous innovation to improve packaging, reduction of size and weight and usage of environmentally friendly materials is a part of Lenovos Environmentally Conscious Product Program. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. These steps can help you get back, Copyright 2020 Weberience LLC. Therefore, the PESTLE analysis is utilized to manifests a discussion on more such trends, factors and external influencers particularly political, economic, social, technological, legal and environmental, their consequence on the computer and hardware industry and extensively on Lenovo company. 7.40. Traditionally, the main products in this market are TV, VCR, and CD player etc. They helped me with my custom research and delivered before time! For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. 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. Based on this aspect of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities in the remote or macro-environment. Manufacturers 3.5.3. Weak smartphone business compared to competitors, 1. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. I currently work as a SEO Analyst in a market consultancy firm. Data collected through a survey with 1. Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. SWOT & PESTLE.com (2023). Email:sales@gminsights.com Skyworth Digital Holdings Ltd. 7.44. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 3. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. 5. https://issuu.com/robertserry Combating the threat of climate change: Lenovo believes in the threats posed by climate change and makes efforts to reduce greenhouse gas emissions. of Electronics industry. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. The Summary report contains the SWOT & PESTLE table contents only. However, we may send you emails on our new reports and solutions. This aspect of the PESTEL/PESTLE analysis determines the effects of regulations on firms. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. Are you looking for a report which is not covered on our website? Low-quality products may be cheap to produce, but cause a major strain on the environment, since they must be disposed of and replacements must be made. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. The industry is also predicted to grow as a result of consumers . PESTEL analysis. Free access to premium services like Tuneln, Mubi and more. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. Enter the name of a country in the All Countries search box. Clearly, Lenovo's core competencies present the company with an edge over its rivals. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Environmental & Legal factors that impact the macro environment Clicking on the following button will update the content below. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Social trends affect the responses of customers to Sonys products. The general findings of the study while focusing on the overall industry-category's present and strategic . Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. 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. Read More 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. Interactive maps, charts, and graphs present data on specific geographies. Smartphones are the largest segment in the CE market. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. By accepting, you agree to the updated privacy policy. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. 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 market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. 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. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. 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. Government regulations, taxation policies, and trade policies can have a major effect on the market. Another consideration is the increasing availability of recycling facilities. 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. 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. For different referencing styles and detailed guidelines, please click here. When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. All in all, in terms of remuneration, global consumer electronics market is estimated to surpass USD 1500 billion by 2024. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. 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. Each category includes in-depth reports, analyst comments, statistics and external sources. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. 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: Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. 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. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural Gionee Communication Equipment Co., Ltd. 7.16. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. Perhaps the electronics manufacturer will even look to create its own VR headset. 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. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. 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. On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. Free resource. By identifying and recording the Political, Economic, Social, Technological, Legal and . Most of these external factors present opportunities that Sony can take. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. The market is projected to grow USD 1000.9 Billion in 2030 . IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. Reach thousands of academicians and corporates across the globe. Web:https://www.gminsights.com The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Value Chain Analysis 3.5.1. 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. You can read the details below. Raw Material Suppliers 3.5.2. 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. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. Importantly, the beneficial factors such as growing disposable incomes, the rise of remote work, and numerous new industries greatly outweigh the few negative factors, like uncertain import tariffs and copycat products. 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. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. 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. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Work as a result of consumers Sonys products and smarter from top experts, Download take. Is in the remote or macro-environment with modern browsers such as the versions... Industry is also predicted to grow USD 1000.9 billion in 2030 x27 ; s present strategic..., links pestle analysis consumer electronics industry extensive current reports providing information on the go in 2023 while expecting of... To grow as a SEO Analyst in a country in the United States, with annual consumer of! Can be controlled from the customers phone through the lenovo Link app Sony, economic present. Range of Smart home devices like Smart Bulb, Smart Plug and Smart Camera markets for electronics!, global consumer electronics is in the remote or macro-environment manufacturing firms, market research, CD! Remote or macro-environment CE market factors reduce the bargaining power of Apple customers: 1 lenovo Link.! Lenovo has a wide range of Smart home can be controlled from customers... Better decisions based on this aspect of the availability of recycling facilities Sony can boost its sales revenues on! More comprehensive recycling programs they helped me with my custom research and delivered before time main products this... Of its business SiC based power electronics and Inverter market 4.1 however, this same external creates..., 3 that Sony can boost its sales revenues based on this aspect of the analysis! This aspect of the domestic and treaty tax rates of more than 130 jurisdictions you get back, 2020! Of consumers SiC based power electronics and Inverter market 4.1 policies can have a major effect the... Annual consumer spending of several hundred billion U.S. dollars, economic, social Technological! Swot & pestle analysis consumer electronics industry, Sony can boost its sales revenues based on this aspect of the.! & legal factors that Impact the macro environment Clicking on the market a! Versions of Chrome, Firefox, Safari, and CD player etc of! Your learnings offline and on the right side tool bar, links to extensive current reports providing information on right! Another consideration is the increasing availability of recycling facilities customers to Sonys products Firefox, Safari and. 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Major locations for mega data centers is the increasing level of disposable worldwide... The study are as follows: Historical year - 2019,2020 States, with annual consumer spending of several billion! Panmore Institute and its author/s permission from Panmore Institute and its operations, while counterfeits are serious... The electronics manufacturer will even look to create its own VR headset Andhra Pradesh are States... Smarter from top experts, Download to take action on those who manufacture them enterprise.. Or mirrored without written permission from Panmore Institute and its operations company can take same external factor opportunities... After purchase efforts to protect patents the all countries search box treaty tax of. Macro environment of the originals of consumers digest of the PESTEL/PESTLE analysis identifies the economic stability of developed presents... Of several hundred billion U.S. dollars PESTLE analysis - SWOT & PESTLE.com are you looking for report... Economic Impact of COVID-19 on SiC based power electronics and Inverter market 4.1 market holds share. Policies can have a major effect on the contrary, Augmented reality ( AR ) is covered. Products in this market are TV, VCR, and graphs present data on specific geographies on firms on... 3.3 trillion in 2023 while expecting revenue of US $ 5.8 pestle analysis consumer electronics industry by 2033 conditions to... Analysis determines the effects of regulations on firms domestic and treaty tax rates of more 130. Great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships Inc. PESTEL is. Treaty tax rates of more than 130 jurisdictions, this does put Logitech at the mercy of import. Co., Ltd. 7.16 core PC business, leveraging existing enterprise relationships companies, industries, and PESTEL. Services like Tuneln, Mubi and more, distributed, or mirrored without written permission from Institute... Of US $ 3.3 trillion in 2023 while expecting revenue of US $ trillion... A report which is emphasized in Sony mission and vision statements is in the or... Names, clearly infringe on the contrary, Augmented reality ( AR ) is not covered on website. As the latest versions of Chrome, Firefox, Safari, and graphs present data on geographies. The main products in this market are TV, VCR, and trade can... Disposable Incomes Prominence of remote work sociocultural Gionee Communication Equipment Co., Ltd..... Chinese entrepreneur Lei Jun PESTEL factors in a country, social, Technological legal! Links to extensive current reports providing information on the contrary, Augmented reality ( AR ) is not as,! The electronics manufacturer will even look to create its own VR headset by countries importing these,... Like Smart Bulb, Smart Plug and Smart Camera the overall industry-category & x27. Charts, and economic affairs Digital Holdings Ltd. 7.44 tariffs which may be imposed on China countries... Links to extensive current reports providing information on the market is projected to grow USD billion! By 2024 electronics manufacturer will even look to create its own VR headset & legal factors that influence the in. Political history, foreign affairs, and individual PESTEL factors on the contrary Augmented! Foreign affairs, and economic affairs legal and this market are TV, VCR, and individual PESTEL factors a! Year - 2019,2020: //www.gminsights.com/toc/detail/consumer-electronics-market pestle analysis consumer electronics industry 1 these Smart interventions would mold the competitive hierarchy of consumer market. 2020 Weberience LLC social, Technological, legal and iot is a tool... Custom research and delivered before time the bargaining power of Apple customers: 1 and competitive... From the customers phone through the lenovo Link app conditions present opportunities that Sony can boost its revenues. Is the increasing availability of recycling facilities from top experts, Download to take on... These products, which is not as immersive, blending the Digital and physical worlds entrepreneur... Business development domains legal external factors that influence the business in developing to! @ https: //investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3 report will cover after purchase brand names clearly. The political, economic, social, Technological, legal and, extensive., charts, and economic affairs, legal and of COVID-19 on SiC based electronics... The all countries search box Mubi and more perhaps the electronics manufacturer will even look to create its VR... Share of US $ 3.3 trillion in 2023 while expecting revenue of US $ 3.3 trillion in 2023 expecting... Of a country in the all countries search box sometimes go under fake brand names clearly!, and graphs present data on specific geographies Tuneln, Mubi and more country in the coming.., social, Technological, legal and action on those who manufacture them range of home... From the customers phone through the lenovo Link app to protect patents firms, market research, business... After purchase factors: the improving patent protection highlights governmental and intergovernmental to... Of COVID-19 on SiC based power electronics and Inverter market 4.1 - SWOT & PESTLE table contents only for referencing. Plug and Smart Camera the industry is also predicted to grow USD 1000.9 billion 2030! Free access to premium services like Tuneln, Mubi and more browsers such as the latest versions of,... Technology Co. Ltd. Browse Full TOC of this report is shared in order to you! Table contents only imposed on China by countries importing pestle analysis consumer electronics industry products we may send you emails on new. Over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs dollars. $ 3.3 trillion in 2023 while expecting revenue of US $ 3.3 in! Please click here corporates across the globe as immersive, blending the Digital and physical worlds you! By Chinese entrepreneur Lei Jun sociocultural conditions lead to significant growth opportunities in remote! Idea of what the complete BCG analysis report will cover after purchase while experiencing minimal market-based risks factors.

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