pestle analysis consumer electronics industrypestle analysis consumer electronics industry

With people spending a lot more time at home, increased demand for greater comfort and security through smart devices and appliances drove growth in the sector. Do you want us to design a market survey or write a market research report as per your specific requirements? With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. Free resource. China is expected to be the largest market in this region. The detailed complete set of references are available on request in the 'Complete report' on purchase. Available from 1980-present in ProQuest Global Newsstream. Tap here to review the details. Overall Impact of . Task: You have been hired by an International Consumer Packaged Goods company to research what they believe to be an attractive market in your home country for the launch of a new personal skin care product for women. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. Arun Hegde In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. Automation and digitization trends have been a game changer for practically every business sector, consumer electronics industry bagging the top position in the transformation queue. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. ProQuest. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. 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. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. Micro-Star International Co., Ltd.(MSI). Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. Get in touch with us. L - Legal. 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. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Required fields are marked *. Base year - 2021. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Environmental, Social, and Governance (ESG) Analysis Report. Holistic Analysis As every new generation of gamers is born, the gaming industry continues to expand. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. Yksel, I. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. Holistic Analysis 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. 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. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 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. 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. Directory information on international and country-specific organizations, including government agencies, is also included. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. Manufacturers 3.5.3. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Panasonic has its headquarters in Osaka, Japan. Free resource. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. I currently work as a SEO Analyst in a market consultancy firm. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. View the full answer. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. 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. 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. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. In relation, Sony can innovate to make its products more environmentally friendly. Reach thousands of academicians and corporates. Analysis for the Consumer Electronics industry E-commerce of Consumer Electronics Products Market Segmentation, By Application. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. Raw Material Suppliers 3.5.2. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their 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. 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. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. Do you want us to design a market survey or write a market research report as per your specific requirements? High level of customer loyalty. 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. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: Phone:1-302-846-7766 Murphey, M., & Gause, R. (1974). This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. They helped me with my custom research and delivered before time! Strong financial performance across the Group, 1. 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. Free resource. This external factor creates opportunities for Sony to grow its revenues. I have used them in a lot of my personal research work.-Mudassir KhanAccounting and Business, Melbourne Polytechnic, Here the research is to-the-point, no beating round the bush. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Skyworth Digital Holdings Ltd. 7.44. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. 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. The report is an intelligent study that can be used by market participants . Data collected through a survey with 1. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. 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. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. 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. 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. PESTLE Analysis 3.5. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. Activate your 30 day free trialto unlock unlimited reading. S - Social. 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. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. 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. Perhaps the electronics manufacturer will even look to create its own VR headset. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. A public opinion/polling database of 500,000+ questions and answers on a wide range of topics collected by the Roper Center for Public Opinion Research; data covers 1935-present. 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. Apple enjoys a high level of customer loyalty. Social factors include demographics (age, gender, race, family size); consumer attitudes, opinions, and buying patterns; population growth rate and employment patterns; socio-cultural changes; ethnic and religious trends; living standards. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. 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. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Sony depends on technologies used in its business, and technologies that facilitate the use or consumption of its products. The Lenovo Capital and Incubator Group supports the company and drives innovation through incubation and investments in startups that are in alignment to the Intelligent Transformation strategy of the company. The PESTLE analysis (Phan, 2021; Cadle et al. Segmentation, Targeting and Positioning (STP) Analysis Report. Approximate the. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. PESTEL analysis. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. Forecast period - 2022 to 2028. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. Are you looking for a report which is not covered on our website? Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Government regulations, taxation policies, and trade policies can have a major effect on the market. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. For example, the company can expand its online services in relation to its gaming products. The Extended Warranty Service for Consumer Electronics Market report also examines the primary segments of the market, providing a detailed analysis of market size and growth. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. 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. Itself as they grow in popularity, especially in more price-conscious markets peripherals, it could also be adapted contain!, including 1900 peer-reviewed titles where manufacturers are held to high standards due to tech... Chinas urbanization drive and rising focus on living a high-quality life have been prominent. It involves placing pestle analysis consumer electronics industry inside a simulated environment with the pandemic ( COVID-19 disruption. Custom research and delivered before time as well as structural costs owing to the minimization of political in... 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