Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. It allows a company to form an impression of the factors that might impact a new business or industry. Theseare good resourcesfor country profiles. Free resource. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. The industry is also predicted to grow as a result of consumers . Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. I am also present on - 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. Clicking on the following button will update the content below. Opportunities in data center market in India: Many local and global data center operators are investing heavily in India, especially in the cities of Mumbai, Bengaluru and Hyderabad. Visit original statistic What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. 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. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. It has been further anticipated that the TV households will have an average of 1.21 TV sets per home, significantly leading to more than 1.3 billion sets across the Asia Pacific belt by 2020. Industry Analysis. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. Corporate Sales, USA 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. Do not sell or share my personal information. This region is predicted to have the highest growth rate during 2018-2024 due to rising population, strong economy, rapid urbanization and rapidly improving standards of living. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. 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. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. is a framework or tools used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. 7.40. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Directory information on international and country-specific organizations, including government agencies, is also included. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Value Chain Analysis 3.5.1. 3. https://www.tradove.com/blog/?author=19221 ProQuest. 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 external factor points to increasing individual and organizational demand for digital technologies. Murphey, M., & Gause, R. (1974). 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. They helped me with my custom research and delivered before time! Search for a country or region. Apple product launch event - September 2022. The detailed complete set of references are available on request in the 'Complete report' on purchase. We've updated our privacy policy. Copyright 2023. In relation, Sony can innovate to make its products more environmentally friendly. The effects of technological trends and conditions on the remote or macro-environment of firms are considered in this aspect of the PESTEL/PESTLE analysis. T - Technological. E - Environmental. 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. The Summary report contains the SWOT & PESTLE table contents only. Sonys performance depends on economic trends. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. 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. Opportunities. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. PESTLE Analysis 3.5. 2. http://electronicandmediasize.blogspot.in OECD (Organisation for Economic Co-operation and Development) publishes economic surveys, comparative statistics, regular outlooks and annual overviews for its 34 member countries and some major additional countries. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. Another new niche in the electronics industry is that of racing simulators. Consumer Electronics Market size was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 2021 to 2027. In relation, governments are developing additional measures to support online business. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. The . Read More 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. 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. 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. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Political Factors: Political factors can have a major impact on the consumer electronics market. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. Global smart wearable devices market will reach $137.15 billion by 2030, growing by 14.7% annually over 2020-2030 with a CAGR of 18.6% for unit shipment, owing to the growing consumer preference. The effect of COVID-19 on this industry is examined in this paper. 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 . Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. On the other hand, the increasing regulations on e-waste are a threat in terms of the additional efforts and expense of reducing the environmental impact of the companys consumer electronics and gaming products. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. A collection of reports covering political and social issues, with regular reports on topics in health, international affairs, education, the environment, technology and the U.S. economy from 1991 to the present. Amidst a backdrop where technological advancements are being referred to as the top most success quotient underlining the sales of these products, these players are vigorously expanding their product pallets in sync with the latest smart trends. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. 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. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Clipping is a handy way to collect important slides you want to go back to later. Visit original statistic Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Technological innovation in todays device-filled world, 1. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Visit original statistic The Daikin Industries was founded in the year 1924. 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. 5. https://issuu.com/robertserry These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. For example, the US-China trade war has caused major disruption in the consumer electronics industry. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Hisense Kelon Electrical Holdings Co., Ltd. 7.22. Lenovo Group SWOT & PESTLE Analysis - SWOT & PESTLE.com. Provides relevant industry reports; find the industry your company operates in. A complete PESTAL Analysis of Electronics Industry, #Economy # MBA Syallabus # Compitative Study. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. E-commerce of Consumer Electronics Products Market Segmentation, By Application. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Analysis for the Consumer Electronics industry 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. Cuts down my effort to surf through heaps of redundant data.-Alexandra MookiMajor in Business Administration, Carnegie Mellon University, This website has an amazing support team. If you continue with this browser, you may see unexpected results. The IoT solution bundles and Smart Vertical Group tailor IoT solutions for specific industry use cases. The consumer electronics (CE) market often appears to reach its saturation levels with proliferation rates at maximum, but there are always innovative products that act as critical drivers of growth in this sector. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. 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. 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. All Rights Reserved by Barakaat Consulting. 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. 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. E - Economic. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. 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. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Are you looking for a report which is not covered on our website? The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. We use cookies for website functionality and to combat advertising fraud. 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. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Global Market Insights, Inc. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . It appears that you have an ad-blocker running. 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . Find your information in our database containing over 20,000 reports, Video gaming audiences in the United Kingdom (UK), Smart wearables in the Asia-Pacific region. 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