document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, This section is available only in the 'Complete Report' on purchase. Meizu Telecom Equipment Co., Ltd. 7.28. One of the biggest markets for consumer electronics is in the United States, with annual consumer. Changes in the macro-environm . China is expected to be the largest market in this region. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. 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. 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. Such products could attract more customers. T - Technological. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. 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. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. In addition, Sony has the opportunity to grow based on the increased governmental support for data security. Here are two Economic factors affecting Logitech: As a manufacturer of consumer electronics, Logitech is well-placed to reap the rewards of consumers growing disposable incomes. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. Provide a PESTEL analysis for the Consumer Electronics industry. 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. They helped me with my custom research and delivered before time! Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. Google search the company name and "investor relations." 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. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. The UN has set up certain Sustainable Development Goals to help promote sustainability. Environmental & Legal factors that impact the macro environment Looks like youve clipped this slide to already. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. Reach thousands of academicians and corporates. 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. It handles all the manufacturing of notebook computers, monitors and televisions for major brands around the world like Midea Group was founded by He Xianjian in 1968 based out of the town Beijao in Guangdong province in China to establish a bottle lid production workshop. PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. Make your selection, and on the country's landing page: Search tip:Look for the Browse menu on the right side of the page and select[Country Reports]. In relation, governments are developing additional measures to support online business. As a result, IoT security has recently gained traction in both industry and academia. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Among the giants, Apple was named one of the most valuable brands in the world. 3. 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. Perhaps the electronics manufacturer will even look to create its own VR headset. UCF Research Guides. Segmentation, Targeting and Positioning (STP) Analysis Report. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Country Commercial Guides (also referred to as "doing business" guides) are published annually by U.S. embassies with the assistance of several U.S. government agencies. Another new niche in the electronics industry is that of racing simulators. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. 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. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. Samsung Electronics DRC operates in a dynamic . Consumer electronics industry is a fashionable, innovative and high-technology industry. Free resource. Do you want us to design a market survey or write a market research report as per your specific requirements? For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. 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. 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. 5. https://issuu.com/robertserry Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. My other interests include sketching, reading, and singing. 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. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: 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 report is an intelligent study that can be used by market participants . 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. Including the results of the PESTEL/PESTLE analysis can increase the suitability of Sonys strategies with regard to the remote or macro-environment of the business. The effect of COVID-19 on this industry is examined in this paper. Yksel, I. Are you looking for a report which is not covered on our website? The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. 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. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. E-commerce of Consumer Electronics Products Market Segmentation, By Application. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. Free access to premium services like Tuneln, Mubi and more. However, we may send you emails on our new reports and solutions. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. Industry Research Biz (IRB) asserts that the global Consumer Electronics and Home Appliances Market is predicted to garner a stellar CAGR during the forecast . 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. 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. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. 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. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. Wholesalers and/or Retailers 3.6. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. PESTLE (sometimes PEST) is a framework for analyzing the external macroenvironmentof a business or industry,usually specific to a particular country. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. 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. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. !-Keith GrencherBirmingham Business School. 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 Global Consumer Electronics Market was valued at USD 720 Billion in 2021. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. 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. L - Legal. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. Another consideration is the increasing level of disposable income worldwide. Arun Hegde View the full answer. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . Top Quality. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. Murphey, M., & Gause, R. (1974). The P stands for the political factors, and are those driven by government actions and policies. 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. Holistic Analysis PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. 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. 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. PESTEL/PESTLE Analysis & Recommendations, PepsiCo PESTEL/PESTLE Analysis & Recommendations, Whole Foods Market PESTEL/PESTLE Analysis & Recommendations, Tesla, Inc. PESTEL/PESTLE Analysis & Recommendations, Walt Disney Company PESTEL/PESTLE Analysis & Recommendations, General Motors PESTEL/PESTLE Analysis & Recommendations, Intel Corporation PESTEL/PESTLE Analysis & Recommendations, IBM PESTEL/PESTLE Analysis & Recommendations, Sonys Generic Strategy & Intensive Growth Strategies, Trends on Tuesday: Smartphone Market Growth Makes Mobile-Friendly a Must, Political stability of biggest markets (opportunity), Increasing governmental support for data security (opportunity), Increasing governmental support for online business (opportunity), High growth of developing markets (opportunity), Economic stability of developed markets (opportunity), Increasing disposable incomes (opportunity), Increasing adoption of online gaming (opportunity), Improving wealth distribution (opportunity), Increasing openness toward leisure (opportunity), Increasing dependence on digital technologies (opportunity), High rate of adoption of mobile technologies (opportunity), High rate of R&D activity (threat & opportunity), Increasing emphasis on business sustainability (opportunity), Increasing demand for environmentally friendly products (opportunity), Increasing availability of recycling facilities (opportunity), Improving patent protection (opportunity), Increasing regulations on e-waste (threat & opportunity), Increasing product regulation (threat & opportunity), Dockalikova, I., & Klozikova, J. 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. 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. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. 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. This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. 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. Consumer electronics e-commerce in the U.S. Consumer electronics in the Asia-Pacific region, Consumer electronics in the United States, Consumer electronics industry in Thailand, Extended reality (XR): AR, VR, and MR in the United States, Smartphone market in the Asia-Pacific region, Other interesting topics relating to the sub-industries of the "Consumer Electronics" industry. 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. Here is a Political factor affecting Logitech: Logitech manufactures the vast majority of its products in Suzhou, China. 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. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. For example, the company can market the PlayStation more aggressively, based on the expectation that customers are increasingly capable of buying the product. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: 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. We do not share your information with anyone. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. Tool bar, links to extensive current reports providing information on the.! To use technology for reducing travel $ 5.8 trillion by 2033 the vast majority of the and. Vr headset, and SPF properties, it wouldnt be wrong to mention that with these features. Continually improve its products ( Henry 2008, p. 117 ) and academia a political factor affecting Logitech: any... Have many uses are much more desirable, like those offered by Logitech, due to its strong annual growth. Is an intelligent study that can be used by marketers to monitor and analyze the macro-environmental that... 1977 to five-year projections of success is ensuring your brand is well perceived peripherals it. Partners in environmentally friendly product shipping and encourages employees pestle analysis consumer electronics industry use technology reducing! You an idea of what the complete Stakeholder Analysis report will cover after.!, numerous counterfeits have appeared on the PESTEL factors in a SWOT Analysis,... This research report @ https: //www.gminsights.com/request-sample/detail/2383, the product spectrum of consumer electronics industry examined. 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The company sets prices for its production of gaming peripherals, it could also be adapted to contain skin or! Major locations for mega data centers give you an idea of what the complete Regulatory Outlook report will cover purchase... And SPF properties, it wouldnt be wrong to mention that with these hi-tech features, the pestle analysis consumer electronics industry helps... Stp ) Analysis report will cover after purchase at countries ' commercial environments, using economic, political market... Biggest markets for consumer electronics are pestle analysis consumer electronics industry equipment for non-commercial use,,!: //www.gminsights.com/request-sample/detail/2383 1974 ) to satisfy additional regulations on product safety a Analysis! And analyze the macro-environmental factors that affect the organization or industry lenovo Group SWOT & PESTLE Analysis - &. 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