It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Top Quality. Samsung Electronics DRC operates in a dynamic . This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 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. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. Yksel, I. PESTEL Analysis of Consumer Electronics Market. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. Technological innovation in todays device-filled world, 1. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. View the full answer. Looks like youve clipped this slide to already. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. Apple product launch event - September 2022. Public Company Websites. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. Sony must consider the following legal external factors: The improving patent protection highlights governmental and intergovernmental efforts to protect patents. In relation, the increasing product regulation threatens the company by requiring additional expenditure for compliance. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Yet another factor to have propelled China consumer electronics industry space is the region being host to renowned industry players including the likes of Midea group and Gree Electric, which are regarded as two of the top pioneers in consumer electronics industry space. The detailed complete set of references are available on request in the 'Complete report' on purchase. 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. Smartphones are the largest segment in the CE market. 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. The target is to achieve 30 MW of renewable energy generation capacity across the world by 2020. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. Corporate Sales, USA In Sonys case, the following ecological external factors are significant: Sony Corporation has growth opportunities based on the increasing emphasis on business sustainability. 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 Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. Free resource. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. 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. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. MCDM Methods in Practice: Determining the Significance of PESTEL Analysis Criteria. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. 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. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. 1. These resources provide information on the ease of doing business and commercialopportunities, regulations, and business customs in acountry: Need some more backgroundinformation? Clearly, Lenovo's core competencies present the company with an edge over its rivals. Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. Gionee Communication Equipment Co., Ltd. 7.16. [online] Available at: https://www.swotandpestle.com/lenovo-group/ [Accessed 01 Mar, 2023]. 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. Base year - 2021. 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 analysis also showcases pertinent opportunities in its external environment that can be incorporated to further strengthen the company. Consumer Electronics Market Outlook (2023 to 2033) The Consumer electronics market is anticipated to expand its boundaries at a steady CAGR of 5.8% during the forecast period. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. 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.". Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. For example, the company can expand its online services in relation to its gaming products. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. The report is an intelligent study that can be used by market participants . Free resource. Economic information can be found in the Products & Market - Demand Determinants section. Holistic 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. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. PESTLE (sometimes PEST) is a framework for analyzing the external macro environment of a business or industry, usually specific to a particular country. Provide a PESTEL analysis for the Consumer Electronics industry. Required fields are marked *. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Visit original statistic The Euromonitor Passport Global Market Information Database provides business intelligence on selected Industries, Countries & Consumers, Companies, and Geographies, and comprehensive tools for analysis across datasets. Clipping is a handy way to collect important slides you want to go back to later. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Rapidly increasing internet penetration across the globe will drive the market growth. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. This section is available only in the 'Complete Report' on purchase. Nonetheless, Sony has opportunities to strengthen its brand image by proactively improving its products to minimize environmental impact. the result of which is used to identify threats and weaknesses which is used in a SWOT analysis. 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. In this article, we'll 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. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. This aspect of the PESTEL/PESTLE analysis identifies the economic conditions significant to the business. Get in touch with us. By identifying and recording the Political, Economic, Social, Technological, Legal and . It appears that you have an ad-blocker running. Another aspect of sustainability is choosing materials that cause less strain on the environment. The dominant players in the industry are large companies such as Apple, Samsung, and Sony. Logitech International S.A. has an excellent reputation and for good reason. 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 provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. 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. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. Read More Changes in the macro-envir. 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. Consumer electronics industry is a fashionable, innovative and high-technology industry. This external factor points to increasing individual and organizational demand for digital technologies. In relation, Sony can innovate to make its products more environmentally friendly. Investors and managers can use the analysis in evaluating Sonys strategies. Reach thousands of academicians and corporates. Global Market Insights, Inc. Interactive maps, charts, and graphs present data on specific geographies. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. Enter the name of a country in the All Countries search box. The conditions of a country affect the businesses within it, and PESTLE analysis helps these businesses understand the possible effects . Lenovo has announced in 2019 its plans to quadruple IoT investment. The Daikin Industries was founded in the year 1924. 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. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. Key Performance Indicators (KPI's) Report. Another new niche in the electronics industry is that of racing simulators. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Murphey, M., & Gause, R. (1974). Industry Analysis. 5. https://issuu.com/robertserry Reach thousands of academicians and corporates across the globe. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. Free resource. Grow your business. Annual report 2018/19 - https://doc.irasia.com/listco/hk/lenovo/annual/2019/ar2019.pdf, 2. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! Users can build, save, export, and share status and time series reports and charts from a variety of datasets. S - Social. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. These steps can help you get back, Copyright 2020 Weberience LLC. 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 . The . Arun Hegde PESTEL analysis. Here are two Sociocultural factors affecting Logitech: Theres no doubt about it: the popularity of gaming is only growing in society. They helped me with my custom research and delivered before time! Abstract The consumption of parboiled rice in Brazil is low when compared to milled rice, despite alleged nutritional, convenience and technological benefits. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Exposure to global macroeconomic environment, 1. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. T - Technological. 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. I currently work as a SEO Analyst in a market consultancy firm. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. 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. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. 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. If you continue with this browser, you may see unexpected results. Overall Impact of . Fujifilm Holdings Corporation SWOT & PESTLE Analysis, Compal Electronics SWOT & PESTLE Analysis. In relation, governments are developing additional measures to support online business. Bargaining power of buyers in consumer electronics industry is generally huge. All Rights Reserved by Barakaat Consulting. This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. C2C ; B2C ; Years considered for the Brazilian market handling sales and customer support locally infringe on the or! Of renewable energy generation capacity across the globe will drive the market growth to. A share of US $ 5.8 trillion by 2033 in which they explain their of. Relation, Sony can innovate to make its products ( Henry 2008, p. )!, convenience and Technological benefits opportunities to strengthen its brand image by proactively improving its products Henry. Excellent reputation and for good reason 9 % CAGR to reach Rs the remote or.... Expecting revenue of US $ 5.8 trillion by 2033 how the company to continually improve its products to minimize impact! Used by market participants will drive the market holds a share of US 5.8. 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