Skyworth Digital Holdings Ltd. 7.44. (2014, November). Social trends affect the responses of customers to Sonys products. 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. 2. The SWOT analysis uncovers a discussion on how the company builds on its strengths to overcome internal weaknesses and stem threats in its macro environment. 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. 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. COVID-19 Impact Analysis. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. Moreover, the report contains analyses of Samsung leadership, business . Analysis for the Consumer Electronics industry 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. Most of these external factors present opportunities that Sony can take. This aspect of the PESTEL/PESTLE analysis determines the effects of social or sociocultural conditions on the remote or macro-environment of businesses. 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. Raw Material Suppliers 3.5.2. Includes Quick Links to current news and other relevant resources. However, we may send you emails on our new reports and solutions. A PESTEL analysis is used to identify threats and weaknesses which are used in a SWOT analysis. Copyright by Panmore Institute - All rights reserved. Retail sales of smartphones in the United States, for example, are projected to total around 73 billion U.S. dollars in 2021. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. 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. Retail revenue from consumer technology product sales in the United States from 2018 to 2022, by product/segment (in billion U.S. dollars)*. Wholesalers and/or Retailers 3.6. Gionee Communication Equipment Co., Ltd. 7.16. 1. 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. These markets have the highest growth rates, which can boost the companys overall revenues. Legal factors include health and safety; equal opportunities; advertising standards; consumer rights and laws; product labeling and product safety. Visit original statistic 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. Reach thousands of academicians and corporates across the globe. The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. In relation, governments are developing additional measures to support online business. 2. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. Now customize the name of a clipboard to store your clips. This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. Activate your 30 day free trialto continue reading. Required fields are marked *. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. 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 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. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. Are you looking for a report which is not covered on our website? Clearly, Lenovo's core competencies present the company with an edge over its rivals. Canon is a Japanese electronic product manufacturer which was established around 1937. With Logitech known for its production of gaming peripherals, it can expect to see significant growth in sales as the gaming space grows. These simulators, or sims, consist of a wide range of modular parts, including some kind of display, steering wheel, and pedal set. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. Keep it up! 7.40. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Tap here to review the details. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. 3. However, no research has examined existing IoT . 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. Logitech International S.A., informally known as Logitech, is a major producer of computer peripherals, including mice, keyboards, headsets, webcams, and more. 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. Provide a PESTEL analysis for the Consumer Electronics industry. We use cookies for website functionality and to combat advertising fraud. Acer's products include desktop PCs, laptop PCs (which can be further Konica Minolta is a multinational Technology Company, headquartered in Chiyoda, Tokyo. Looks like youve clipped this slide to already. Reach thousands of academicians and corporates across the globe. The industry is also predicted to grow as a result of consumers . By accepting, you agree to the updated privacy policy. In addition, Sony can boost its sales revenues based on increasing openness toward leisure. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. The company can sell these products to existing clients of the PC and data center businesses. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. 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. Produced by the Central Intelligence Agency (CIA), the World Factbook provides information on the history, people, government, economy, geography, communications, transportation, military, and transnational issues for 267 world entities. Copyright 2023. We reviewed their content and use your feedback to keep the quality high. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. The effect of COVID-19 on this industry is examined in this paper. Yksel, I. 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. In this aspect of the PESTEL/PESTLE analysis, Sony has growth opportunities based on the political stability of the biggest markets. 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. While Logitech has gone to great lengths to ensure its products are not copied, numerous counterfeits have appeared on the market. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Experts are tested by Chegg as specialists in their subject area. 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: Investors and managers can use the analysis in evaluating Sonys strategies. Free resource. Economic Impact of COVID-19 on SiC Based Power Electronics and Inverter Market 4.1. 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. S - Social. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. PESTEL analysis. Public Company Websites. 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. Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. 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. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. 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 . 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. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. On SiC based Power Electronics and Inverter market 4.1 around 73 billion U.S. dollars in 2021,! 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