7.40. Analysis for the Consumer Electronics industry Combating the threat of climate change: Lenovo believes in the threats posed by climate change and makes efforts to reduce greenhouse gas emissions. 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. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. Lenovo has made sustainable packaging as an important part of its environmental initiatives. Apple product launch event - September 2022. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Provides relevant industry reports; find the industry your company operates in. 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. 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 Acer Inc. is a Taiwanese multinational hardware and electronics corporation specializing in advanced electronics technology and is headquartered in Xizhi, New Taipei City, Taiwan. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. This report is shared in order to give you an idea of what the complete Risk 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). In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Such products could attract more customers. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Sony depends on technologies used in its business, and technologies that facilitate the use or consumption of its products. The report is an intelligent study that can be used by market participants . PESTEL stands for - Political, Economic, Social, Technological, They may also include shifters, handbrakes, and other such automotive peripherals. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Political conditions affect the markets where Sony operates. China is another major region standing as a major contributor toward global consumer electronics industry share. 1. For example, the US-China trade war has caused major disruption in the consumer electronics industry. 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. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. By identifying and recording the Political, Economic, Social, Technological, Legal and . One of the biggest markets for consumer electronics is in the United States, with annual consumer. 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. Free resource. Reach thousands of academicians and corporates. It is headquartered in Beijing, China. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. Step-by-step guide for conducting industry research with links to sources of information, General U.S. and International Industry Reports and Trends, https://libguides.libraries.wsu.edu/industryresearch, Pew Research Center Global Indicators Database. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. We've updated our privacy policy. Your email address will not be published. Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. Holistic Analysis 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. 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. Do not sell or share my personal information. By accepting, you agree to the updated privacy policy. Yksel, I. The effect of COVID-19 on this industry is examined in this paper. Logitech International S.A. has an excellent reputation and for good reason. 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. The . Do you want us to design a market survey or write a market research report as per your specific requirements? 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. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. In case you need the complete report please purchase using the buy options displayed. Based on this aspect of the PESTEL/PESTLE analysis of Sony, there are notable opportunities for business improvement based on external factors in the remote or macro-environment. These steps can help you get back, Copyright 2020 Weberience LLC. For instance, the company can use its R&D investment to develop competitive advantage to support the differentiation generic strategy (Read: Sonys Generic Strategy & Intensive Growth Strategies). This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. 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. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. Clipping is a handy way to collect important slides you want to go back to later. Exposure to global macroeconomic environment, 1. In relation, governments are developing additional measures to support online business. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. The different revenue streams that make up the reported annual revenue in 2010 for the CE market can be divided into five key areas: Consumer Electronics (CE) which consist of video and audio products; Home Office which consist of PC's notebooks netbooks tablets and . Email:sales@gminsights.com 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. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. 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. 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. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. IHS Connect provides continuously updated analysis of global business conditions and economic information. Started in 1935, Arrow Electronics is among the fortune 150 companies (Rank 119) and is a worldwide provider of products, specialized services and solutions to industrial and commercial users of electronic components and enterprise computing Fujifilm Holdings Corporation, headquartered in Minato, Tokyo, Japan is a Japanese multinational photography and imaging company established in 1934 with an intention to be first Japanese producer of imaging and photographer films. 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. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. We do not share your information with anyone. 5. https://issuu.com/robertserry Please refer to the Terms and Conditions and Disclaimer for usage guidelines. 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 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. 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. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. We've encountered a problem, please try again. A recommendation is that the company must increase its efforts in product innovation to improve environmental impact and competitive advantage, while addressing concerns regarding product regulation. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. PESTLE Analysis. Reach thousands of academicians and corporates across the globe. PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. A PESTEL/PESTLE analysis of Sony Corporation considers the external factors in the remote or macro-environment of the companys business in the electronics, gaming, entertainment and financial services markets. Key Performance Indicators (KPI's) Report. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. Amazon.com Inc. operates alongside political influence. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Corporate Sales, USA What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. The government anticipates that the Indian electronics manufacturing sector will reach US$ 300 billion (Rs. Overall Impact of . In relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. This external factor creates opportunities for Sony to grow its revenues. One of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on and! Revenues based on increasing openness toward leisure 2020 Weberience LLC mention that pestle analysis consumer electronics industry hi-tech... 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