pestle analysis consumer electronics industry

Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. Continuous innovation to improve packaging, reduction of size and weight and usage of environmentally friendly materials is a part of Lenovos Environmentally Conscious Product Program. Lenovo ensures that products are disposed of in an energy efficient manner. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. For example, the company can expand its online services in relation to its gaming products. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. Lenovo has implemented various programs that are inline to achieving the UN goals. Changes in the macro-envir. Logitech International S.A. has an excellent reputation and for good reason. 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. This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Social trends affect the responses of customers to Sonys products. 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. Meizu Telecom Equipment Co., Ltd. 7.28. All the components of the Smart Home can be controlled from the customers phone through the Lenovo Link app. Another aspect of sustainability is choosing materials that cause less strain on the environment. Open the Business section and select Company Dossier to search for information on a specific company. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. Especially during the pandemic (COVID-19), that disrupted growth in several sectors, the consumer electronics market was resilient, even with the intermittent closure of physical stores worldwide. The P stands for the political factors, and are those driven by government actions and policies. Industry Analysis. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. COVID-19 Impact Analysis. All Rights Reserved, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. 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. Each International Tax Guide provides an overview of the general investment landscape, corporate taxation and compliance, individual taxation and compliance, withholding rates, anti-avoidance rules, value-added tax (VAT; where applicable) and other types of taxes, and tax treaty information. 3. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . Apple product launch event - September 2022. Lenovo has made sustainable packaging as an important part of its environmental initiatives. India is one of the 10 countries identified by Lenovo for data center expansion. Trade war and distrust against Chinese companies in United States, 1. 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 BCG Analysis Report will cover after purchase. E-commerce of Consumer Electronics Products Market Segmentation, By Application. Clipping is a handy way to collect important slides you want to go back to later. 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. Environmental, Social, and Governance (ESG) Analysis Report. S - Social. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). Importantly, the beneficial factors such as growing disposable incomes, the rise of remote work, and numerous new industries greatly outweigh the few negative factors, like uncertain import tariffs and copycat products. Political conditions affect the markets where Sony operates. Consumer electronics e-commerce in the U.S. Consumer electronics in the Asia-Pacific region, Consumer electronics in the United States, Consumer electronics industry in Thailand, Extended reality (XR): AR, VR, and MR in the United States, Smartphone market in the Asia-Pacific region, Other interesting topics relating to the sub-industries of the "Consumer Electronics" industry. L - Legal. 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. 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. In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. Search tip:Hover over the [Geography] link and type in the name of a country. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. One of the biggest markets for consumer electronics is in the United States, with annual consumer. 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. 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. Looks like youve clipped this slide to already. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. It looks like you're using Internet Explorer 11 or older. The company must effectively consider these factors in its strategic decision-making. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. Customized Solutions Moreover, the report contains analyses of Samsung leadership, business . This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Copyright 2023. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. Solar energy installations at some facilities have a total capacity of 5 MW, which is a potential carbon emission reduction of 5000 metric tons annually. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. Samsung Electronics DRC operates in a dynamic . Over the years the company developed itself as a leader in consumer appliance manufacturers and Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. Provide a PESTEL analysis for the Consumer Electronics industry. Micro-Star International Co., Ltd.(MSI). 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. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. 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. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. Technological innovation in todays device-filled world, 1. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Are you looking for a report which is not covered on our website? The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). 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. Smartphones are the largest segment in the CE market. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. . 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). Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. 5. https://issuu.com/robertserry 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. 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 Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. The report illustrates the application of the major analytical strategic frameworks in business studies such as SWOT, PESTEL, Value Chain analysis and McKinsey 7S Model on Samsung. Analysis for the Consumer Electronics industry This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. However, the bargaining power of Apple customers in particular is less compared to the industry average. Investors and managers can use the analysis in evaluating Sonys strategies. Sustainable transport and packaging: Companies can reduce carbon footprint; transportation spend and warehouse costs by avoiding conventional packaging methods and materials. 7.12. In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. 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. 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. Visit original statistic The company must effectively consider these factors in its strategic decision-making. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. 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. Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. 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. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. 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. The PESTLE analysis (Phan, 2021; Cadle et al. As a result, IoT security has recently gained traction in both industry and academia. 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. Global Market Insights, Inc. Latest Report Contains (114) Pages. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. 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. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. 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. Political factors, and one of the Smart Home solutions to enable a great customer experience part! After purchase Practice: Determining the Significance of PESTEL analysis for the political of! Potential increases in PlayStation sales revenues, as more people are likely to the! 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