As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. * By clicking on "Buy Now" you agree to accept our ", On purchase the Lenovo Group SWOT & PESTLE Analysis PDF report will reach you. PESTEL Analysis of Consumer Electronics Market. In. Reach thousands of academicians and corporates. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. Analysis for the Consumer Electronics industry The SlideShare family just got bigger. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. 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. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Logitech International S.A. has an excellent reputation and for good reason. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. 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. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. 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. L - Legal. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Investors and managers can use the analysis in evaluating Sonys strategies. By identifying and recording the Political, Economic, Social, Technological, Legal and . Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. 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 addition, Sony can boost its sales revenues based on increasing openness toward leisure. 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. E - Environmental. Arun Hegde Data collected through a survey with 1. Your email address will not be published. We've encountered a problem, please try again. 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. Terms in this set (25) PESTEL analysis. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. 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. My other interests include sketching, reading, and singing. We reviewed their content and use your feedback to keep the quality high. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Google search the company name and "investor relations." Theseare good resourcesfor country profiles. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. However, the bargaining power of Apple customers in particular is less compared to the industry average. COVID-19 Impact Analysis. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). Meizu Telecom Equipment Co., Ltd. 7.28. 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. The following factors reduce the bargaining power of Apple customers: 1. 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. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. Also, they may reduce sales for Logitech itself as they grow in popularity, especially in more price-conscious markets. Consumer Electronics Market Outlook (2023 to 2033) The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5.8% during the forecast period. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. Web:https://www.gminsights.com Consumer spending on technology worldwide from 2020 to 2022 (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. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. If you continue with this browser, you may see unexpected results. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. 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. Trade war and distrust against Chinese companies in United States, 1. PESTLE Analysis 3.5. 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. Developing a multi-criteria decision making model for PESTEL analysis. These markets have the highest growth rates, which can boost the companys overall revenues. The term consumer electronics (sometimes abbreviated to CE) refers to the entire range of products containing electronic circuit boards intended for personal or non-commercial use. Skyworth Digital Holdings Ltd. 7.44. In relation, Sony can innovate to make its products more environmentally friendly. 3.4. Another new niche in the electronics industry is that of racing simulators. Pew Research Center conducts public opinion surveys around the world on a broad array of subjects ranging from people's assessments of their own lives to their views about the current state of the world and important issues of the day. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, 2. This section is available only in the 'Complete Report' on purchase. Economic information can be found in the Products & Market - Demand Determinants section. 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. Overall Impact of . Lenovo has implemented various programs that are inline to achieving the UN goals. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. 7.12. 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. One of the biggest markets for consumer electronics is in the United States, with annual consumer. UCF Research Guides. Approximate the. 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. 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 Regulatory Outlook Report will cover after purchase. The political factors include and are not limited to considerations like; corporate taxation, and free trade disputes as some examples. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer LG Electronics, Inc., was established in the year 1958 under the name of GoldStar. Available from 1984-present in ProQuest Global Newsstream. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. Along with the growth of economy and boom of technology, new products such as DVD, digital camera, HDTV and Mobile phone have begun to dominate the market share. 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. Apple enjoys a high level of customer loyalty. Lenovo ensures that products are disposed of in an energy efficient manner. 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. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. Apple product launch event - September 2022. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. T - Technological. 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. Toll Free:1-888-689-0688 For example, Sony must increase its R&D investment to satisfy additional regulations on product safety. 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