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. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. 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. Forecast period - 2022 to 2028. View the full answer. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Latest Report Contains (114) Pages. 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. Clearly, Lenovo's core competencies present the company with an edge over its rivals. 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. Social trends affect the responses of customers to Sonys products. Koninklijke Philips N.V. (E & H). All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. Copyright by Panmore Institute - All rights reserved. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. Clipping is a handy way to collect important slides you want to go back to later. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. As a result, IoT security has recently gained traction in both industry and academia. Also, search for articles in periodicals and journals on individual PESTEL factors in the country, articles on a company and the industry it operates in. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. 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. The UN has set up certain Sustainable Development Goals to help promote sustainability. 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. As employers realize they no longer need to splurge on office pace and employees realize they can save time by avoiding their commutes remote work was bound to grow in popularity, but coronavirus certainly sparked a push. Enter the name of a country in the All Countries search box. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Visit original statistic Industry Analysis. As per reliable statistics, by 2020, Asia Pacific is expected to witness 903 million TV households, an upsurge of 100 million than that recorded in 2014. Provide a PESTEL analysis for the Consumer Electronics industry. In 2020 businesses operating in the consumer electronic sector are highly governed by tech trends like Augmented Reality, Virtual Reality, edge computing Internet Of Things, Machine Learning, Blockchain and Artificial Intelligence. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. It primarily produces cameras and office equipment such as printers, photocopiers, projectors and fax machines etc. 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. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. PESTEL Analysis is used by marketers to monitor and analyze the macro-environmental factors that affect the organization or industry. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. I am also present on - Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. A PESTEL analysis is used to identify threats and weaknesses . Digital Marketing and Social Media Strategy Analysis Report. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. Are you looking for a report which is not covered on our website? This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. Looks like youve clipped this slide to already. Lenovo has implemented various programs that are inline to achieving the UN goals. 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. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. Lenovo is taking advantage of the growing data center opportunity in India by collaborating with government partners and startups for expansion of its data center business in the country. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Free access to premium services like Tuneln, Mubi and more. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. PESTEL & Environment Directory information on international and country-specific organizations, including government agencies, is also included. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. Apple is one of the most recognizable and present brands in the consumer electronics industry. 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. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? All Rights Reserved by Barakaat Consulting. Panasonic has its headquarters in Osaka, Japan. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. 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. Your email address will not be published. A nonpartisan fact tank that studies "U.S. politics and policy; journalism and media; internet, science and technology; religion and public life; Hispanic trends; global attitudes and trends; and U.S. social and demographic trends.". C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Smartphones are the largest segment in the CE market. 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. 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 . Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. Trade war and distrust against Chinese companies in United States, 1. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. The Summary report contains the SWOT & PESTLE table contents only. Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. 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. 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 Do not sell or share my personal information. 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