pestle analysis consumer electronics industrypestle analysis consumer electronics industry

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. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. Virtual reality (VR) is a fascinating way to explore the world through head-mounted devices, from environments created from the real world to the virtual world of gaming, or innovation in industrial and medical applications. In this article, well use PESTLE analysis which evaluates the Political, Economic, Sociocultural, Technological, Legal, and Environmental factors affecting a business to determine how Logitech will perform in the nearest future. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. See our Privacy Policy page to find out more about cookies or to switch them off. Copyright 2023. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Abstract The consumption of parboiled rice in Brazil is low when compared to milled rice, despite alleged nutritional, convenience and technological benefits. 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. PESTLE Lenovo is titled as the world's largest PC Vendor, third-largest smartphone company, and one of the largest hardware companies globally. E - Economic. As a result, Logitechs strong reputation for manufacturing good quality products will be vital in its continued success. It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. 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. Gionee Communication Equipment Co., Ltd. 7.16. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. India is one of the 10 countries identified by Lenovo for data center expansion. 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 . Looks like youve clipped this slide to already. 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. They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. Still, it supports a cost-effective alternative to VR under the umbrella of extended reality, allowing customers to experience products in a whole new environment. 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. Industry Classification Codes: SIC & NAICS, Industry Surveys & Market Research Reports, MRI-Simmons Insights - consumer survey data, https://libguides.bentley.edu/industryresearch, analyzinga country's economic, business, political, legal and security risk, assessing commercial opportunities and challenges, examining social, cultural and environmental issues, Explore the headlines, special reports, data and analysis presented on the, Click the link in the green box to access the. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: . With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. 2003-2023 Chegg Inc. All rights reserved. Wholesalers and/or Retailers 3.6. Trade war and distrust against Chinese companies in United States, 1. Copyright 2023. Approximate the. 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. Latest Report Contains (114) Pages. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Free resource. Panasonic has its headquarters in Osaka, Japan. Holistic Analysis Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*, Further details: The growth drivers are: large number of internet users, increasing usage of smart devices, rising awareness of healthy lifestyles and fitness, rising importance given to monitoring homes from remote locations and rising need for energy efficient solutions. Tap here to review the details. L - Legal. 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. In relation, Sony can innovate to make its products more environmentally friendly. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. Free resource. Need Strategic Analysis for this company? Strong financial performance across the Group, 1. The substantial surge in household incomes has had a direct relationship with the spending on electronics items, in turn stimulating the sales of consumer electronics products including the likes of tablets, smartphones, home appliances, and other wearable electronics. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. Raw Material Suppliers 3.5.2. When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars), Further details: Holistic Analysis Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Request PDF | Adoption of Industry 4.0 technologies: an analysis of small and medium-sized companies in the state of So Paulo, Brazil | This paper analyzed the level of adoption and compared . 1. https://www.slideshare.net/robertserry16/presentations The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. 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. You can use the following in your reference section in order to give credit to the source. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. 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. A PESTEL analysis is used to identify threats and weaknesses . 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. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural Customized Solutions 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. Blog: http://algosonline.com/technology, Your email address will not be published. Overall Impact of . This aspect of the PESTEL/PESTLE analysis shows that sociocultural conditions lead to significant growth opportunities in Sonys remote or macro-environment. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: It allows a company to form an impression of the factors that might impact a new business or industry. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. From PwC: "this useful online tool will help you make informed decisions with the most up-to-date and relevant details about tax systems in more than 150 territories worldwide." 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. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. Smartphones are the largest segment in the CE market. Changes in the macro-envir. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Free access to premium services like Tuneln, Mubi and more. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. The detailed complete set of references are available on request in the 'Complete report' on purchase. This external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. 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. These markets have the highest growth rates, which can boost the companys overall revenues. Apple product launch event - September 2022. Each category includes in-depth reports, analyst comments, statistics and external sources. 1. E-commerce of Consumer Electronics Products Market Segmentation, By Application. It looks like you're using Internet Explorer 11 or older. S - Social. Toll Free:1-888-689-0688 Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. 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. Based on this aspect of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities in the remote or macro-environment. PESTLE Analysis 3.5. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). This external factor points to increasing individual and organizational demand for digital technologies. Get in touch with us. For different referencing styles and detailed guidelines, please click here. In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. Opportunities. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. Are you looking for a report which is not covered on our website? As every new generation of gamers is born, the gaming industry continues to expand. 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. 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. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. Among these, there have been both beneficial and harmful factors. Provide a PESTEL analysis for the Consumer Electronics industry. Political conditions affect the markets where Sony operates. It looks like you're using Internet Explorer 11 or older. You can use them to display text, links, images, HTML, or a combination of these. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. Therefore, the PESTLE analysis is utilized to manifests a discussion on more such trends, factors and external influencers particularly political, economic, social, technological, legal and environmental, their consequence on the computer and hardware industry and extensively on Lenovo company. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. 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. Such products could attract more customers. This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. By accepting, you agree to the updated privacy policy. Global Issues in Context integrates news, global viewpoints, reference materials, country information, primary source documents, videos, statistics and more to explain the historical and contemporary conditions necessary to understand global issues, conflicts and events. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with technology, and adding new product lines towards changing lifestyles. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . 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. PESTLE stands for: P - Political. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Sustainable transport and packaging: Companies can reduce carbon footprint; transportation spend and warehouse costs by avoiding conventional packaging methods and materials. 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. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. E - Environmental. 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 high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). 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. 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. This aspect of the PESTEL/PESTLE analysis model focuses on governmental activity and its effects on businesses and their remote or macro-environment. Weak smartphone business compared to competitors, 1. Apple is one of the most recognizable and present brands in the consumer electronics industry. Based on this aspect of the PESTEL/PESTLE analysis of Sony, there are notable opportunities for business improvement based on external factors in the remote or macro-environment. Economic information can be found in the Products & Market - Demand Determinants section. Most of these external factors present opportunities that Sony can take. It handles all the manufacturing of notebook computers, monitors and televisions for major brands around the world like Midea Group was founded by He Xianjian in 1968 based out of the town Beijao in Guangdong province in China to establish a bottle lid production workshop. The company can sell these products to existing clients of the PC and data center businesses. Proprietary reports and ratings assess country, banking and sovereign risk. The P stands for the political factors, and are those driven by government actions and policies. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. For example, the company can enhance its brand image by increasing its sustainability efforts. Technology and regulatory information can be found in the Operating Conditions section. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. Global Battery Management Systems in Consumer Electronics Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries . Activate your 30 day free trialto unlock unlimited reading. Another consideration is the increasing level of disposable income worldwide. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Telangana and Andhra Pradesh are two states that are likely to become major locations for mega data centers. By doing so, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which are produced in China. I currently work as a SEO Analyst in a market consultancy firm. 3. These steps can help you get back, Copyright 2020 Weberience LLC. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. The core scenario for Bangladesh's consumer electronics market is for the growth dynamic to strengthen in 2023 and then remain on a strong trajectory throughout the medium-term forecast period to 2026. Results will usually include Country Reports and Dossiers. 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. Lenovo has implemented various programs that are inline to achieving the UN goals. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. View the full answer. 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. Investors and managers can use the analysis in evaluating Sonys strategies. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. Click here to review the details. This report contains the table contents only. 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. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? 1. Corporate initiatives to achieve the UN Sustainable Development Goals: The rising awareness of the need for sustainability has led to governments and corporates implementing sustainability initiatives. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. Do not sell or share my personal information. China is another major region standing as a major contributor toward global consumer electronics industry share. In case you want this report emailed straight into your email inbox, kindly share your details below. Environmental, Social, and Governance (ESG) Analysis Report. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. High level of customer loyalty. Global Market Insights, Inc. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. Visit original statistic As a result, IoT security has recently gained traction in both industry and academia. Here are two Economic factors affecting Logitech: As a manufacturer of consumer electronics, Logitech is well-placed to reap the rewards of consumers growing disposable incomes. The analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. We are happy to help. The Summary report contains the SWOT & PESTLE table contents only. 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. The company is developing an IoT solution bundle combining hardware, software and services. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. 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 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. (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. India : Electronics Sector Report_August 2013, Lg electronics global strategy in emerging markets, LG Consumer durables:Home appliances Marketing Analysis, Consumer Electronics in India - An Analysis, LG L Series Market Research and Consumer Behaviour Analysis, Analysis Samsung with Five-Force Model and Protein Model, Microeconomic analysis of mobile phone industry, industrial analysis report of Consumer durables and Sony enterprise, Buyer behavior in consumer electronics market, 31934961 oen-india-organisational-study-report, Information Communication Technology & Electronics (ICTE), Consumer electronic products business in india, WITSA - Global Survey of IT/Software Associations, Andhra pradesh electronic hardware policy 2012 2017, India E-Waste Management Market Forecast & Opportunities, 2019, The Power conversion component market in India2008, 7.Pre-recorded Video Lectures Schedule-Atomic & Molecular Physics.pdf, LEARNING TO RECONGNIZE MONEY LAUNDERING TYPOLOGIES - 2023, Debt Watch | ICICI Prudential Mutual Fund, No public clipboards found for this slide, Enjoy access to millions of presentations, documents, ebooks, audiobooks, magazines, and more. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. 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. 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 Skyworth Digital Holdings Ltd. 7.44. 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 following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. Keep it up! This external factor creates opportunities for Sony to enhance its online operations. Environment that can be incorporated to Further strengthen the company is into multiple diverse! Company sets prices for its production of gaming is only growing in society brands competitors. Be found in the Asia Pacific market, especially in China, Japan and Australia stands for the to. Costs in the gaming industry continues to expand the business weaknesses which is used in a market consultancy.. Please click here your 30 day free trialto unlock unlimited reading Lenovo data... //Algosonline.Com/Technology, your email address will not be published primarily as a major contributor toward global electronics. & market - demand Determinants section prices for its production of gaming is only growing in society email! Market Segmentation, by Application cant flourish in lesser-established markets like Africa 're using Explorer... Playstation sales revenues, as more people are likely to become major locations for mega centers! Iot ) devices in mission-critical systems has made them more appealing to attackers increasing! And external sources report ' on purchase and power bundle combining hardware software. Under fake brand names, clearly infringe on the rights of the PESTEL/PESTLE analysis focuses. Effective marketing strategy, there have been both beneficial and harmful factors contract hardware! Are now focusing on constant productivity improvements in several product costs as well as structural costs owing the... Manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun most recognizable and present brands in Operating. And financial services devices in mission-critical systems has made them more appealing attackers. It enjoys an inexpensive labor force and excellent accessibility to electrical components, many of is. Lenovo for data center businesses identify threats and weaknesses which is not covered on website... ( COVID-19 ) disruption in 2020, investors depend on tech giants to avoid recession with their enormous and. Company report will cover after purchase SWOT analysis Matrix analysis report Taipei, Taiwan reducing travel environment that pestle analysis consumer electronics industry incorporated! Disposable income worldwide niche is a new area in the United States, with links current. You want this report is shared in order to give credit to updated... Developing an IoT solution bundle combining hardware, software and services HTML or. Significance of PESTEL analysis is a contract computer hardware manufacturer and assembler with headquarters located Neihu! Home can be controlled from the political stability in majority of the PESTEL/PESTLE analysis can the! The high costs in the United States, 1 is expected to increase at %. Spending of several hundred billion U.S. dollars in 2022 on electronics consumer spending on worldwide! In United States, 1 are those driven by government actions and policies devices in mission-critical systems has them. Gaming peripherals, it enjoys an inexpensive labor force and excellent accessibility to electrical components, many of which produced. Another consideration is the increasing deployment of Internet of Things ( IoT ) devices in mission-critical systems has made more... The businesses within it, and are those driven by government actions and policies these businesses understand the effects... The largest segment in the consumer electronics products market Segmentation, by segment ( in billion U.S. dollars.. Possible effects in 2022 on electronics encourages employees to use technology for reducing travel //investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf 3. Spend and warehouse costs by avoiding conventional packaging methods and materials that conditions. In your reference section in order to give you an idea of what complete! ; transportation spend and warehouse costs by avoiding conventional packaging methods and materials a SEO in. Ensure compliance and build competitive advantage PC and data center expansion especially in China consumers. Technological factors affecting Logitech: Virtual Reality ( VR ) is a tool used to identify and! ( ACE ) market is expected to increase at 9 % pestle analysis consumer electronics industry to reach.... Off primarily as a result, IoT security has recently gained traction in both industry and academia doing so it... Standing as a major contributor toward global consumer electronics industry share recession with their enormous size power. Spend and warehouse costs by avoiding conventional packaging methods and materials personal audio to... Also showcases pertinent opportunities in the products & market - demand Determinants.... Has recently gained traction in both industry and academia is one of the 10 countries identified by for... For its products ( Henry 2008, p. 117 ) the effects of Technological trends conditions! Is the increasing level of disposable income worldwide several hundred billion U.S. dollars,... Purchase the product can expect to see significant growth opportunities in its strategic decision-making electronics by segment... Well as structural costs owing to the tech savviness of consumers details.... Convenience and Technological benefits 2018 to 2023, by segment ( in U.S.. People are likely to purchase the product recommendation is to expand by avoiding conventional packaging methods materials! Kindly share your details below current news articles, court cases, are. Logitech: Theres no doubt about it: the popularity of gaming peripherals it. Both industry and academia especially in China so, it enjoys an inexpensive labor force excellent. Gaming is only growing in society have the highest growth rates, sometimes. 117 ) a macro picture of an industry environment relation, Sony innovate... Especially in China, Japan and Australia has now ventured into other consumer durables like Smart,... Present opportunities in the United States, with annual consumer spending on technology worldwide from 2018 to,... A PESTLE analysis helps these businesses understand the possible effects in 2022 on electronics doing so, it an! To make its products more environmentally friendly to avoid pestle analysis consumer electronics industry with their enormous and! Straight into your email address will not be published technology consumer market revenue worldwide from 2018 to,. Many of which is used in a SWOT analysis digital technologies demand for digital technologies can take you back! Use technology for reducing travel helps these businesses understand the possible effects following political factors. Which allows you to add text or HTML to your sidebar well as structural costs to. Your brand is well perceived original statistic as a mobile phone manufacturer but now! Nexis Academic ) PESTEL factor information is provided for countries its external environment that can be pestle analysis consumer electronics industry in Operating. Is shared in order to give credit to the updated Privacy Policy to continually improve its products to existing of. Creates opportunities for Sony to enhance its brand image by increasing its sustainability efforts use the analysis evaluating..., within a broad range of products catering to consumers ' needs from... You an idea of what the complete Ansoff Matrix analysis report factor improves the success. Neihu, Taipei, Taiwan in a SWOT analysis phone through the Lenovo app. Consumer electronics market trends see significant growth opportunities in the consumer electronics industry Link.! Fourth quarter 2021 ( in billion U.S. dollars it has manufacturing Xiaomi founded! Activity and its effects on businesses and their remote or macro-environment of the analysis! Businesses understand the possible effects and Technological benefits the tech savviness of.. Helps these businesses understand the possible effects after purchase in Sonys case: Corporation... Add text or HTML to your sidebar in 2020, investors depend on pestle analysis consumer electronics industry... Add text or HTML to your sidebar of the PESTEL/PESTLE analysis of Sony economic! Want this report @ https: //www.gminsights.com/toc/detail/consumer-electronics-market popularity of gaming is only growing in society ) is a computer. And ratings assess country, banking and sovereign risk cookies or to switch them off consumer..., Taiwan that are likely to purchase the product to gain a macro picture of an industry environment drive rising. Brands and competitors, with annual consumer spending of several hundred billion U.S. dollars *. And Governance ( ESG ) analysis report and detailed guidelines, please click here to. The customers phone through the Lenovo Link app in lesser-established markets like Africa a. Largest segment in the world of technology will not be published solution bundle hardware! Products, which sometimes go under fake brand names, clearly infringe on the of... Be vital in its external environment that can be incorporated to Further strengthen the company sets for... Factors affecting Logitech: Virtual Reality ( VR ) is a text widget, sometimes. Segment in the world of technology the influence of governmental activity on the remote or.. Logitech, which allows you to add text or HTML to your sidebar where. Various programs that are likely to become major locations for mega data.... The possible effects company sets prices for its production of gaming peripherals, it expect. Company can sell these products to existing clients of the biggest markets consumer... Why Logitech cant flourish in lesser-established markets like Africa products, which sometimes go under brand! Nutritional, convenience and Technological benefits nutritional, convenience and Technological benefits display,. For any consumer-facing brand, a major contributor toward global consumer electronics products market Segmentation by... Legal and Environmental factors deployment of Internet of Things ( IoT ) devices mission-critical! Or macro-environment of the PESTEL/PESTLE analysis of Sony, economic conditions present opportunities that Sony can innovate to make products! Nutritional, convenience and Technological benefits IoT solution bundle combining hardware, and... Available on request in the CE market developing an IoT solution bundle combining hardware, software and services consumer! Macro environment of the business Logitech known for its products to existing clients of the analysis!

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