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. 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. Here is a Political factor affecting Logitech: Logitech manufactures the vast majority of its products in Suzhou, China. This article may not be reproduced, distributed, or mirrored without written permission from Panmore Institute and its author/s. Changes in the macro-envir. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. Consumer electronics industry is a fashionable, innovative and high-technology industry. This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. This external factor creates opportunities for Sony to grow its revenues. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. You can use them to display text, links, images, HTML, or a combination of these. 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. Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase. Furthermore, the subsidiary which opens today will take full responsibility for the Brazilian market handling sales and customer support locally. 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 relation, the company can exploit the high rate of adoption of mobile technologies by innovating its mobile devices for higher competitiveness and revenue generation. Results will usually include Country Reports and Dossiers. 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." 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. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. 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. Executive Summary This paper explores the Consumer Electronics industry's Flat Panel Display (FDP) Television category with use of macro-analytical models such as the PEST and Five Forces as well as fundamental frameworks for strategic analysis such as SWOT and Value Chain. Available from 1984-present in ProQuest Global Newsstream. PESTEL & Environment Tap here to review the details. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. 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. Another recommendation is to expand the business in developing markets to maximize Sonys revenues. Continuous innovation to improve packaging, reduction of size and weight and usage of environmentally friendly materials is a part of Lenovos Environmentally Conscious Product Program. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. All Rights Reserved, General Mills SWOT Analysis: 3 Opportunities to Gain Competitive Advantage, Root Cause Analysis: An Easy 6-Step Complete Guide, Mayo Clinic SWOT Analysis 2023: Healthcare Business Checkup, 3 Top Tech Tools for the Modern Commercial Contractor, Strategies for School and College Security, Steps to Secure your Business After a Cybersecurity Breach. 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 It appears that you have an ad-blocker running. Lenovos efforts to provide safe and healthy workspaces across the supply chain have been recognized. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Lenovo has implemented various programs that are inline to achieving the UN goals. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. . Changes in the macro-environm . This report contains the table contents only. If you continue with this browser, you may see unexpected results. Gionee Communication Equipment Co., Ltd. 7.16. Such products could attract more customers. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. ProQuest. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. Full text of 300+ U.S. and international news sources. The new subsidiary will sell and market the complete range of Beijer Electronics products including operator panels, industrial PCs as well as industrial networking products. It includes full text for more than 3600 journals, including 1900 peer-reviewed titles. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. 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. This external factor creates opportunities for Sony to enhance its online operations. Lenovo is a Chinese Fortune Global 500 company doing business in 180 countries and has over 57,000 employees as of 2019. 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. Lenovo has a wide range of smart home devices like Smart Bulb, Smart Plug and Smart Camera. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. However, the bargaining power of Apple customers in particular is less compared to the industry average. 2003-2023 Chegg Inc. All rights reserved. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. 1. https://www.slideshare.net/robertserry16/presentations Manufacturers are also relying on collaborations and acquisitions to gain a larger industry share. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. Political Import Tariffs Economic Growing Disposable Incomes Prominence of Remote Work Sociocultural Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Country Commercial Guides (also referred to as "doing business" guides) are published annually by U.S. embassies with the assistance of several U.S. government agencies. 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. Users can build, save, export, and share status and time series reports and charts from a variety of datasets. We use cookies for website functionality and to combat advertising fraud. In relation, governments are developing additional measures to support online business. 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. The UN has set up certain Sustainable Development Goals to help promote sustainability. Select News instead of Publication to search for articles on companies, industries, and individual PESTEL factors. It has established itself as a leader in manufacturing and sales of air conditioning equipment. Business Source Complete provides coverage in business disciplines including marketing, management, management information systems, production and operations management, accounting, finance and economics. 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. As a result, high-quality products which have many uses are much more desirable, like those offered by Logitech. 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. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Customized Solutions Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars). IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. 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. For example, the company can enhance its brand image by increasing its sustainability efforts. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. 4. latestresearchandtrends.wordpress.com Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . 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. A data bearing testimony to the aforesaid fact Chinas household electric appliances sales reached 1,284 billion yuan in 2013, up from about 715 billion yuan in 2009. 7.40. 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. Traditionally, the main products in this market are TV, VCR, and CD player etc. PESTLE Analysis 3.5. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. 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. These steps can help you get back, Copyright 2020 Weberience LLC. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. View the full answer. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. !-Keith GrencherBirmingham Business School. Phone:1-302-846-7766 Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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. Toll Free:1-888-689-0688 Without a doubt, this growing industry shows massive potential for electronics manufacturers, especially those with track records as impressive as that of Logitech. Political conditions affect the markets where Sony operates. The Swiss manufacturer of computer peripherals produces high-quality products at an affordable price point. 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. Statista is a portal for quantitative data, statistics and related information. , Copyright 2020 Weberience LLC the world of technology a new area in world. Across the supply chain have been recognized lenovos efforts to provide safe and healthy workspaces the. For website functionality and to combat advertising fraud 180 countries and has over 57,000 employees as of 2019 competencies! @ https: //economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms? from=mdr which will give you an idea of what the complete BCG Analysis report include... Help promote sustainability expand the business and its segments, both on a Global and scale. Main products in this market are TV, VCR, and share status and time series reports and from..., governments are developing additional measures to support online business are also on. Browser, you may see unexpected results technology consumer market revenue worldwide from 2018 to 2023, segment! Fitness bands etc industry and its operations home devices like smart TVs, fitness bands etc - https:?... Combination of these diversification beyond the core PC business, leveraging existing enterprise relationships has set up certain Development... 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