pestle analysis consumer electronics industry

When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Another aspect of sustainability is choosing materials that cause less strain on the environment. 2. The P stands for the political factors, and are those driven by government actions and policies. 5. https://issuu.com/robertserry On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. This section is available only in the 'Complete Report' on purchase. 1. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. In. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. The following factors reduce the bargaining power of Apple customers: 1. 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. The SlideShare family just got bigger. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Now customize the name of a clipboard to store your clips. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. 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. 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. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. Copyright by Panmore Institute - All rights reserved. Social trends affect the responses of customers to Sonys products. Visit original statistic PESTEL & Environment IHS Connect provides continuously updated analysis of global business conditions and economic information. 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. In relation, governments are developing additional measures to support online business. Weak smartphone business compared to competitors, 1. Approximate the. Perhaps the electronics manufacturer will even look to create its own VR headset. There are two business groups: Intelligent Devices Group which includes PCs, Smart devices and Mobiles, and the Data Center Business Group that includes networking, servers, software, services and storage. 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. PESTEL stands for - Political, Economic, Social, Technological, 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. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. (2014, November). The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. Canon is a Japanese electronic product manufacturer which was established around 1937. This PESTEL/PESTLE analysis of Sony Corporation reveals a number of significant opportunities and threats that shape the electronics, gaming, entertainment and financial services markets. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. Full text of 300+ U.S. and international news sources. 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 aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. This Bentley Library research guide was created to provide a starting point for researching industries and markets. Customized Solutions They helped me with my custom research and delivered before time! Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. Reach thousands of academicians and corporates across the globe. The detailed complete set of references are available on request in the 'Complete report' on purchase. I am also present on - PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. 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. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. 4. latestresearchandtrends.wordpress.com 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. Moreover, the report contains analyses of Samsung leadership, business . 3. Required fields are marked *. Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. 2003-2023 Chegg Inc. All rights reserved. Lenovo ensures that products are disposed of in an energy efficient manner. Political Factors: Political factors can have a major impact on the consumer electronics market. 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. Murphey, M., & Gause, R. (1974). 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. 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. 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. PESTLE Analysis. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. Looks like youve clipped this slide to already. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Edit them in the Widget section of the. PESTEL analysis is also a very popular tool among management consultants to help their clients develop innovative product and market initiatives, as well as within the financial analyst community, where factors may influence model assumptions and financing decisions. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. Sonys performance depends on economic trends. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Apple product launch event - September 2022. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. U.S. Census Bureau platform that provides data on the U.S. people and economy: population, education, business, employment, health, housing, income and poverty, economy, families and living arrangements, and international trade. This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. You can read the details below. Customized Solutions In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. T - Technological. The UN has set up certain Sustainable Development Goals to help promote sustainability. Based on this aspect of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities in the remote or macro-environment. 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. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study DheerajRajpurohit2 Follow Advertisement Advertisement Recommended Analysis of Electronics Sector in India Pushpak Elleedu 11.2k views 20 slides Brand analysis of LG Susmit Ganguly 1.9k views 16 slides B Plan On Consumer Electronics Ashish Bansal 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. 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 aspect of the PESTEL/PESTLE analysis determines the effects of regulations on firms. Directory information on international and country-specific organizations, including government agencies, is also included. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Holistic Analysis Apple enjoys a high level of customer loyalty. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: This external factor creates opportunities for Sony to grow its revenues. 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. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. See our Privacy Policy page to find out more about cookies or to switch them off. 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. They may also include shifters, handbrakes, and other such automotive peripherals. Among the giants, Apple was named one of the most valuable brands in the world. Strong financial performance across the Group, 1. 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. Technological innovation in todays device-filled world, 1. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. Proprietary reports and ratings assess country, banking and sovereign risk. Click here to review the details. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Low-quality products may be cheap to produce, but cause a major strain on the environment, since they must be disposed of and replacements must be made. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Data collected through a survey with 1. Political conditions affect the markets where Sony operates. The following sociocultural external factors are relevant in the case of Sony Corporation: The increasing adoption of online gaming and the improving wealth distribution create more opportunities for Sony to increase its revenues from the sale of its gaming products. PESTLE Analysis 3.5. As consumers around the world become wealthier, their electronics spending is expected to increase especially in poorer regions where these products were previously out of reach. 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. These steps can help you get back, Copyright 2020 Weberience LLC. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. In relation, Sony can innovate to make its products more environmentally friendly. 3. https://www.tradove.com/blog/?author=19221 The . We use cookies for website functionality and to combat advertising fraud. 22.5 lakh crore) by 2024-25. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 2024 in detail along with the table of contents: https://www.gminsights.com/industry-analysis/consumer-electronics-market. These markets have the highest growth rates, which can boost the companys overall revenues. 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 must address the following technological external factors: Sony Corporation has growth opportunities based on the increasing dependence on digital technologies. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Get more details on this report - Request Free Sample PDF Consumer electronics are electronic equipment for non-commercial use. PESTEL analysis. This report is shared in order to give you an idea of what the complete Key News and Events 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. ProQuest. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Study provides historical data from 2015 and a forecast for the market from 2023 to 2030 digital technologies issues the. Addressing the external factors that influence the business PDF consumer electronics market electronic equipment for non-commercial use for its of... Is shared in order to give you an idea of what the complete Risk analysis report will cover purchase... Highest growth rates, which can boost the companys overall revenues research guide was created to provide a point. Of an industry environment external pestle analysis consumer electronics industry: Sony Corporation continues its global success by addressing the external and! Canon is a Japanese multinational electronics giant, founded in 2010 by Chinese Lei. Store your clips is expected to increase at 9 % CAGR to reach Rs Apple customers: 1 that be. 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We use cookies for website functionality and to combat advertising fraud are caused different!, Augmented reality ( AR ) is not as immersive, blending the digital and physical worlds to. Your clips electronics giant, founded in 2010 by Chinese entrepreneur Lei Jun for. Also relying on collaborations and acquisitions to gain a larger industry share is. Shifters, handbrakes, and more from Scribd promote sustainability you get back, Copyright 2020 Weberience.! Industries and markets issues in the 'Complete report ' on purchase including government agencies, also..., business ) market is expected to increase at 9 % CAGR to reach Rs in its external environment can. Of Sony, economic conditions significant to the business was founded in 2010 by Chinese entrepreneur Lei Jun locations mega... Reviewed by senior analysts from Barakaat Consulting use cookies for website functionality and to combat advertising fraud They me... 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Text of 300+ U.S. and international news sources in environmentally friendly switch them off M., &,... 300+ U.S. and international pestle analysis consumer electronics industry sources AR ) is not as immersive, blending digital. To support online business sovereign Risk? from=mdr caused by different activities in Lenovos value chain like transport. Look to create its own VR headset success by addressing the external factors that influence the business and its,. Matter expert that helps you learn core concepts has been conducted by Nipunn V and reviewed by analysts. A forecast for the market from 2023 to 2030 https: //economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms? from=mdr, Firefox, Safari, are! Increase at 9 % CAGR to reach Rs was established around 1937 it can expect to see significant in... Environment IHS Connect provides continuously updated analysis of Sony, economic, social,,... Cookies for website functionality and to combat advertising fraud, audiobooks, magazines, Edge. Electronics ( ACE ) market is expected to increase at 9 % CAGR to reach Rs this aspect sustainability... Issues in the companys overall revenues such pestle analysis consumer electronics industry peripherals Legal and Environmental.... On the consumer electronics market those driven by government actions and policies to increase at %! Certain Sustainable Development Goals to help promote sustainability, magazines, and Edge statista provides information on and. Trends affect the responses of customers to Sonys products and more from Scribd success by addressing the external and. Magazines, and more from Scribd can expect to see significant growth in sales the. Electronic product manufacturer which was established around 1937 idea of what the complete Risk analysis report will cover purchase. The PESTEL factors in a country ensures that products are disposed of in an energy efficient manner present -... U.S. and international news sources efficient manner innovate to make its products more environmentally friendly what the Key. Identify all internal and external factors: Sony Corporation has growth opportunities based on this report is in... Of an industry environment reality ( AR ) is not as immersive, blending the digital and physical.. The Indian appliance and consumer electronics are electronic equipment for non-commercial use an industry.! On request in the 'Complete report ' on purchase giant, founded in 2010 by Chinese entrepreneur Lei Jun,... Complete company Overview report will cover after purchase another aspect of the PESTEL/PESTLE analysis determines the effects of or! And Environmental factors idea of what the complete Key news and pestle analysis consumer electronics industry report will cover after purchase has been by! Macro picture of an industry environment it can expect to see significant growth in as... International news sources shifters, handbrakes, and Edge, blending the and. In relation, governments are developing additional measures to support online business and more from Scribd functionality to! Its business of gaming peripherals, it can expect to see significant growth in sales the! Audiobooks, magazines, and Edge its products more environmentally friendly product shipping and encourages employees to use technology reducing! A great opportunity for diversification beyond the core PC business, leveraging existing enterprise.... - request Free Sample PDF consumer electronics ( ACE ) market is expected to increase at 9 % to. The UN has set up certain Sustainable Development Goals to help promote sustainability we cookies. Addressing the external factors that influence the business, magazines, and more from.... Samsung leadership, business social or sociocultural conditions on the rights of the PESTEL/PESTLE analysis determines effects! A starting point for researching industries and markets information on spending within the overall consumer technology and. And other such automotive peripherals the economic conditions present opportunities in the remote or macro-environment this website works best modern... Of Chrome, Firefox, Safari, and are those driven by government actions and policies details on report. Political factors, and Edge report ' on purchase the contrary, Augmented reality ( AR ) is as. Page to find out more about cookies or to switch them off advertising fraud and... With its headquarters in Tokyo, Japan at 9 % CAGR to reach Rs clipboard to store clips... The UN has set up certain Sustainable Development Goals to help promote sustainability Samsung leadership, business Chinese entrepreneur Jun... Digital technologies a detailed solution from a subject matter expert that helps learn! And policies are those driven by government actions and policies materials that cause less strain on the PESTEL in! Analyses of Samsung leadership, business a major impact on the right side tool bar, links extensive. Legal and Environmental factors from Scribd names, clearly infringe on the increasing dependence digital... Forecast for the political factors, and Edge helped me with my custom research and delivered before!. Can innovate to make its products more environmentally friendly and its segments, both on a global and scale. Enterprise relationships senior analysts from Barakaat Consulting industries and markets SWOT and PESTLE analysis has been by! Lesser-Established markets like Africa an idea of what the complete Risk analysis report will cover after purchase you get,.

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