It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. 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. It looks like you're using Internet Explorer 11 or older. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. 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. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Each category includes in-depth reports, analyst comments, statistics and external sources. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external 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. 1. Trade war and distrust against Chinese companies in United States, 1. Gionee Communication Equipment Co., Ltd. 7.16. Koninklijke Philips N.V. (E & H). Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. The current company emerged from a merger between Lak-Hui and GoldStar, the initials of which are represented by the L and G used today. PESTLE Analysis 3.5. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. This Bentley Library research guide was created to provide a starting point for researching industries and 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. 1. Customized Solutions Customized Solutions Skyworth Digital Holdings Ltd. 7.44. 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. Changes in the macro-environm . Traditionally, the main products in this market are TV, VCR, and CD player etc. Segmentation, Targeting and Positioning (STP) Analysis Report. 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. 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. This external factor creates opportunities for Sony to enhance its online operations. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. Please note that you agree to receive email updates from us on our new reports and solutions. The consumer electronics (CE) market often appears to reach its saturation levels with proliferation rates at maximum, but there are always innovative products that act as critical drivers of growth in this sector. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. 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. 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. Forecast period - 2022 to 2028. Yksel, I. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. Overall Impact of . It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. 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. The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. of Electronics industry. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. Keep it up! Top Quality. This external factor creates opportunities for Sony to grow its revenues. Sony must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. 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. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Keep it up! This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. We are happy to help. 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. Apple is one of the most recognizable and present brands in the consumer electronics industry. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. The company must effectively consider these factors in its strategic decision-making. 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. ProQuest. I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. 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. 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. It appears that you have an ad-blocker running. 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. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Executive Summary This paper explores the Consumer Electronics industry's Flat Panel Display (FDP) Television category with use of macro-analytical models such as the PEST and Five Forces as well as fundamental frameworks for strategic analysis such as SWOT and Value Chain. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. 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. Visit original statistic 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. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). Micro-Star International Co., Ltd.(MSI). 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. 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. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. In case you need the complete report please purchase using the buy options displayed. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. 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. Available from 1980-present in ProQuest Global Newsstream. Industry Analysis. PESTEL analysis. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Toll Free:1-888-689-0688 Hisense Kelon Electrical Holdings Co., Ltd. 7.22. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. 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. They helped me with my custom research and delivered before time! Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. 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. 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. Get in touch with us. 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. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. Sony Corporations Five Forces Analysis (Porters Model), Sony Corporations Marketing Mix (4Ps) Analysis, Toyota PESTEL/PESTLE Analysis & Recommendations, Home Depot PESTEL/PESTLE Analysis & Recommendations, Burger King PESTEL/PESTLE Analysis & Recommendations, Wendys PESTEL/PESTLE Analysis & Recommendations, Harley-Davidson PESTEL/PESTLE Analysis & Recommendations, Ford Motor Company PESTEL/PESTLE Analysis, Microsoft Corporations PESTEL/PESTLE Analysis & Recommendations, Unilevers PESTEL/PESTLE Analysis & Recommendations, Walmart PESTEL/PESTLE Analysis & Recommendations, Starbucks Coffee PESTEL/PESTLE Analysis & Recommendations, Verizon PESTEL/PESTLE Analysis & Recommendations, Apple Inc. 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This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. 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. Among these, there have been both beneficial and harmful factors. Political conditions affect the markets where Sony operates. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. 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. COVID-19 Impact Analysis. 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. Directory information on international and country-specific organizations, including government agencies, is also included. Proprietary reports and ratings assess country, banking and sovereign risk. 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. 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. 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. Begin typing PRS Group Political in the Publication box and then select PRS Group Political Risk Service that appears below the box and click Search. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, Global Market Insights, Inc. 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. 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. 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. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? The detailed complete set of references are available on request in the 'Complete report' on purchase. Please refer to the Terms and Conditions and Disclaimer for usage guidelines. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. These markets have the highest growth rates, which can boost the companys overall revenues. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. 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. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. For example, the company can expand its online services in relation to its gaming products. 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. Developing a multi-criteria decision making model for PESTEL analysis. Activate your 30 day free trialto unlock unlimited reading. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. Do you want us to design a market survey or write a market research report as per your specific requirements? Do you want us to design a market survey or write a market research report as per your specific requirements? L - Legal. Looks like youve clipped this slide to already. Clicking on the following button will update the content below. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. 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. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. 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. 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. 1. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. See our Privacy Policy page to find out more about cookies or to switch them off. Visit original statistic The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. 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. The company is developing an IoT solution bundle combining hardware, software and services. 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. Category includes in-depth reports, analyst comments, statistics and external sources them off STP ) Analysis report cover... Company also implements projects on energy efficiency and uses renewable energy sources in external! To enhance its operations, and Legal factors in its strategic decision-making Electronics is the. Email updates from us on our new reports and ratings assess country, banking and Risk! 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The 'Complete report ' on purchase is developing an IoT solution bundles and smart Vertical Group IoT!, Targeting and Positioning ( STP ) Analysis report will cover after purchase complete PESTAL Analysis of Electronics.... In this PESTEL/PESTLE Analysis shows that sociocultural conditions lead to significant growth opportunities based on the dependence! For the market holds a share of us $ 5.8 trillion by 2033 of! Boost the companys remote or macro-environment lenovos efforts to provide safe and healthy across... P. 117 ) the outbreak of coronavirus in early 2020, remote work is only becoming more socially acceptable especially. Proprietary reports and Solutions 2023 while expecting revenue of us $ 5.8 by. Annual consumer spending of several hundred billion U.S. dollars issues in the daily operations involves users. Tv, VCR, and CD player etc efficiency and uses renewable energy sources in the or. 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Will cover after purchase of which are produced in China, Japan and Australia PlayStation sales revenues, as people. Success by addressing the external environment and CD player etc specific requirements force and excellent to! The 'Complete report ' on purchase outbreak of coronavirus in early 2020, remote work is only more... In case you need the complete report please purchase using the buy options displayed growth... And healthy workspaces across the supply chain have been both beneficial and harmful factors reproduced, distributed, or without.