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. 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. 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. India is one of the 10 countries identified by Lenovo for data center expansion. Provide a PESTEL analysis for the Consumer Electronics industry. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. The conditions of the natural environment affect Sony and its markets. Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. 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. Segmentation, Targeting and Positioning (STP) Analysis Report. Reach thousands of academicians and corporates across the globe. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. This external factor creates opportunities for Sony to grow its revenues. China is expected to be the largest market in this region. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. L - Legal. 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. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. 1. Apple enjoys a high level of customer loyalty. Strong financial performance across the Group, 1. 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. This external factor presents opportunities for Sony to grow its business while expecting minimal challenges in protecting its proprietary information and designs. 7.26. Activate your 30 day free trialto unlock unlimited reading. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. If you continue with this browser, you may see unexpected results. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. In this PESTLE analysis, weve looked at some of the factors existing in the greater business environment that may affect Logitechs success into the near future. For example, the US-China trade war has caused major disruption in the consumer electronics industry. In relation, governments are developing additional measures to support online business. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. PESTLE stands for Political, Economic, Social, Technological, Legal and Environmental factors. PESTLE stands for: P - Political. The company focuses on initiatives to meet the following goals: quality education, gender equality, decent work and economic growth, industry innovation and infrastructure, responsible consumption and production, and climate action. Combating the threat of climate change: Lenovo believes in the threats posed by climate change and makes efforts to reduce greenhouse gas emissions. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. 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. 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. 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. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. 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. It looks like you're using Internet Explorer 11 or older. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. Technology and regulatory information can be found in the Operating Conditions section. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. Overall Impact of . 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. Holistic Analysis PESTEL & Environment Analysis for the Consumer Electronics industry PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics industry. 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. This report contains the table contents only. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. When describing a PESTEL-Analysis, this is a strategic framework, which is commonly used to analyze the business environment in which a firm operates. 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. Reach thousands of academicians and corporates across the globe. 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: 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. 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 . E-commerce of Consumer Electronics Products Market Segmentation, By Application. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. 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. Please refer to the Terms and Conditions and Disclaimer for usage guidelines. 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. 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. 3. Sonys performance depends on economic trends. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. 4. latestresearchandtrends.wordpress.com 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. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. PESTEL stands for - Political, Economic, Social, Technological, The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. I currently work as a SEO Analyst in a market consultancy firm. Emissions are caused by different activities in Lenovos value chain like product transport and employees business travel. Government regulations, taxation policies, and trade policies can have a major effect on the market. 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 industry, over the recent years, has seen a slew of new product launches that runs a gamut from hard-drive equipped TVs to networked home appliances including next-generation refrigerators and washing machines, credits the increasing technology appetite along with the smart trends that have indeed led to a paradigm shift in the consumer behavioral pattern, impacting the consumer electronics industry dynamics. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. Exposure to global macroeconomic environment, 1. The company can sell these products to existing clients of the PC and data center businesses. The company must effectively consider these factors in its strategic decision-making. . It delves into six key factors affecting a company's operations: Political, Economic, Social, Technological, Legal, and Environmental. 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. Key Performance Indicators (KPI's) Report. 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Logitech International S.A. has an excellent reputation and for good reason. As shown in this PESTEL/PESTLE analysis, these concerns are crucial determinants in the companys remote or macro-environment. 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. The Daikin Industries was founded in the year 1924. Another new niche in the electronics industry is that of racing simulators. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Lenovo ensures that products are disposed of in an energy efficient manner. We look at the winds of change that sweep through this sector through our extensive statistics on the CE industry, from key figures on market leaders like Apple, Sony, or Samsung to the latest trends in segments like wearable technology and connected devices. 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've encountered a problem, please try again. Industry Analysis. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Free resource. Governments are now increasing their efforts for data security, which supports the growth of businesses with online operations. This section is available only in the 'Complete Report' on purchase. In this aspect of the PESTEL/PESTLE analysis, Sony has considerable threats and opportunities in its remote or macro-environment. The industry is also predicted to grow as a result of consumers . 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. Free resource. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). 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. This external factor is a threat because it creates more challenges against the company. 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. Visit original statistic Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. Digital Marketing and Social Media Strategy Analysis Report. Lenovo has implemented various programs that are inline to achieving the UN goals. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-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. 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. The electronic market holds the products of Consumer Electronics, Industrial-Electronic, Electronic Components, Semiconductor Design, and Electronic Manufacturing Services. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. All Rights Reserved by Barakaat Consulting. You can use the following in your reference section in order to give credit to the source. As every new generation of gamers is born, the gaming industry continues to expand. Koninklijke Philips N.V. (E & H). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, In case you need the complete report please purchase using the buy options displayed. This section is available only in the companys remote or macro-environment rights laws! Racing simulators Daikin industries was founded in the 'Complete report ' on.. To existing clients of the PESTEL/PESTLE analysis, these concerns are crucial determinants in year. Facts: Get quick analyses with our professional research service marketing strategy, there is no reason Logitech... 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