Another consideration is the increasing level of disposable income worldwide. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. Global Market Insights, Inc. 3.15 trillion (US$ 48.37 billion) in 2022. 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. Forecast period - 2022 to 2028. Need Strategic Analysis for this company? 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. A PESTEL/PESTLE analysis of Sony Corporation considers the external factors in the remote or macro-environment of the companys business in the electronics, gaming, entertainment and financial services markets. 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. Smart Display and Smart Tab are other Smart Home solutions to enable a great customer experience. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. For example, the company can expand its online services in relation to its gaming products. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. Apart from this, the Sony is a Japanese multinational headquartered in Tokyo, Japan. 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. 1. PESTLE stands for: P - Political. They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. Growing global smart home market: According to industry research, the smart home market is expected to grow at a CAGR of 12.02% from $76.6 billion in 2018 to $151.4 billion in 2024. It is also a stock exchange favorite (NASDAQ: AAPL), due to its strong annual revenue growth and return on . However, this does put Logitech at the mercy of various import tariffs which may be imposed on China by countries importing these products. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Reach thousands of academicians and corporates. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. Industry Analysis. 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. This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Available from 1980-present in ProQuest Global Newsstream. This aspect of the PESTEL/PESTLE analysis considers the influence of governmental activity on the remote or macro-environment of the company. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. Grow your business. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. 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. The SlideShare family just got bigger. 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." In addition, the economic stability of developed markets presents opportunities for Sony to enhance its operations, while experiencing minimal market-based risks. PESTLE Analysis 3.5. S - Social. Moreover, the report contains analyses of Samsung leadership, business . Experts are tested by Chegg as specialists in their subject area. Thus, companies necessitate a skillful next-gen workforce adequately trained in current technology fields. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. Micro-Star International Co., Ltd.(MSI). Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. 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. 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. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. Strong market potential in Internet of Things (IoT) business: According to projections by Bain, the IoT market is expected to double between 2017 and 2021, reaching $520 billion. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. With the pandemic (COVID-19) disruption in 2020, investors depend on tech giants to avoid recession with their enormous size and power. Statistics, charts and/or graphs may be downloaded in the following formats: Excel, PNG Graphics, PowerPoint and PDF. 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. 2. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. 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. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. 1. Search tip:Hover over the [Geography] link and type in the name of a country. Industry Trends. Along with the growth of economy and boom of technology, new products such as DVD, digital camera, HDTV and Mobile phone have begun to dominate the market share. 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. Another consideration is the increasing availability of recycling facilities. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. 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 addition, Sony can boost its sales revenues based on increasing openness toward leisure. Strong financial performance across the Group, 1. (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. 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. Subsidiaries, Partnerships and Collaborations Report. Looks like youve clipped this slide to already. 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. 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. U.S. Census Bureau platform that provides data on the U.S. people and economy: population, education, business, employment, health, housing, income and poverty, economy, families and living arrangements, and international trade. Google search the company name and "investor relations." Traditionally, the main products in this market are TV, VCR, and CD player etc. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. The following factors reduce the bargaining power of Apple customers: 1. Social trends affect the responses of customers to Sonys products. For example, the US-China trade war has caused major disruption in the consumer electronics industry. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. 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. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. 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. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. Murphey, M., & Gause, R. (1974). Learn how to, Our Mayo Clinic SWOT Analysis examines the Strengths, Weaknesses, Opportunities and Threats of one of, Technology is now taking over, and almost all fields are turning most tasks into digital., Schools and colleges should always take proactive steps to guarantee the safety of its students, Cyberattacks can harm your business on many levels. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. Sony Corporation must satisfy legal requirements appropriate to its remote or macro-environment. The company is developing an IoT solution bundle combining hardware, software and services. 22.5 lakh crore) by 2024-25. This external factor creates opportunities for Sony to enhance its online operations. 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. 2. 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. Meizu Telecom Equipment Co., Ltd. 7.28. With people spending a lot more time at home, increased demand for greater comfort and security through smart devices and appliances drove growth in the sector. L - Legal. Blog: http://algosonline.com/technology, Your email address will not be published. Provide a PESTEL analysis for the Consumer Electronics industry. Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. 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. Clicking on the following button will update the content below. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. 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). With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. UCF Research Guides. The company Ricoh is a Japanese multinational Electronics giant, founded in 1936 with its headquarters in Tokyo, Japan. 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. Full text of 300+ U.S. and international news sources. 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. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. 7.40. View all posts by robertserry, This is a text widget, which allows you to add text or HTML to your sidebar. Customized Solutions The dominant players in the industry are large companies such as Apple, Samsung, and Sony. Analysis for the Consumer Electronics industry 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. Weak smartphone business compared to competitors, 1. IHS Connect provides continuously updated analysis of global business conditions and economic information. 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. This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. Proprietary reports and ratings assess country, banking and sovereign risk. 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. 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. Deloitte provides a brief digest of the domestic and treaty tax rates of more than 130 jurisdictions. The detailed complete set of references are available on request in the 'Complete report' on purchase. The increasing deployment of Internet of Things (IoT) devices in mission-critical systems has made them more appealing to attackers. 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. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. !-Keith GrencherBirmingham Business School. These reports present a comprehensive look at countries' commercial environments, using economic, political and market analysis. We've encountered a problem, please try again. 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 . Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Lenovo has announced in 2019 its plans to quadruple IoT investment. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. 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 aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. 7.26. 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 Euromonitor Passport Global Market Information Database provides business intelligence on selected Industries, Countries & Consumers, Companies, and Geographies, and comprehensive tools for analysis across datasets. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. 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. 2019 its plans to quadruple IoT investment dominant players in the remote or macro-environment of businesses 48.37 billion in. Png Graphics, PowerPoint and PDF trillion ( US $ 5.8 trillion 2033! Logitech could exploit professional research service Apple customers: 1 to be seen is how these interventions. 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