It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. The SlideShare family just got bigger. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. (2014, November). The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. 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. However, we may send you emails on our new reports and solutions. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Most of these external factors present opportunities that Sony can take. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with technology, and adding new product lines towards changing lifestyles. 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 any case, the rise of remote work will create new demand for computer peripherals, such as mice, keyboards, and especially accessories used for online conferencing, like microphones and headsets. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. 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. The positive outlook rests on the two growth engines of purchasing power gains and demographics that will allow vendors to target first-time buyers and the development of a middle-class. Results will usually include Country Reports and Dossiers. 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. 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. Public Company Websites. 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. 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. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. The company must effectively consider these factors in its strategic decision-making. Overall Impact of . This report contains the table contents only. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. 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. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. 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. In relation, governments are developing additional measures to support online business. Developing a multi-criteria decision making model for PESTEL analysis. Koninklijke Philips N.V. (E & H). This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Changes in the macro-envir. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. A collection of reports covering political and social issues, with regular reports on topics in health, international affairs, education, the environment, technology and the U.S. economy from 1991 to the present. Provide a PESTEL analysis for the Consumer Electronics industry. See our Privacy Policy page to find out more about cookies or to switch them off. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Perhaps the electronics manufacturer will even look to create its own VR headset. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. It allows a company to form an impression of the factors that might impact a new business or industry. Consumer Electronics Market size was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 2021 to 2027. In particular, the United States and China have been battling something of a trade war, which puts great uncertainty on the future of affordable import from the far-Eastern country. Environmental, Social, and Governance (ESG) Analysis Report. Available from 1984-present in ProQuest Global Newsstream. Reach thousands of academicians and corporates. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Interactive maps, charts, and graphs present data on specific geographies. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 1. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. These steps can help you get back, Copyright 2020 Weberience LLC. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. Holistic Analysis 2003-2023 Chegg Inc. All rights reserved. This section is available only in the 'Complete Report' on purchase. Available from 1980-present in ProQuest Global Newsstream. Another new niche in the electronics industry is that of racing simulators. Lenovo has announced in 2019 its plans to quadruple IoT investment. Exposure to global macroeconomic environment, 1. In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . 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. 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. Free resource. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . 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. 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. 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. All Rights Reserved by Barakaat Consulting. Skyworth Digital Holdings Ltd. 7.44. 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Lenovos sites across the world are ISO 14001:2015 certified. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. These markets have the highest growth rates, which can boost the companys overall revenues. Strong financial performance across the Group, 1. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. New reports, analyses and comments are added daily, while industry reports are updated annually. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. 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. 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 general findings of the study while focusing on the overall industry-category's present and strategic . COVID-19 Impact Analysis. In this article, well 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. Tap here to review the details. 7.40. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. 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