View the full answer. In fact, Logitech has already made its debut into the world of VR with Logitech Ink, a stylus designed for use inside simulated environments. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. Click here to review the details. 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. !-Keith GrencherBirmingham Business School. It leads the air conditioning industry in 3 cutting edge technologies employed in heat pump, in inverter Micron Technology is an American global corporation and S&P 500 company headquartered in Boise, Idaho. Opportunities in data center market in India: Many local and global data center operators are investing heavily in India, especially in the cities of Mumbai, Bengaluru and Hyderabad. Full text of 300+ U.S. and international news sources. This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. E-commerce of Consumer Electronics Products Market Segmentation, By Application. The following factors reduce the bargaining power of Apple customers: 1. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . 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. The detailed complete set of references are available on request in the 'Complete report' on purchase. Statista provides information on spending within the overall consumer technology industry and its segments, both on a global and regional scale. E - Economic. 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. If you continue with this browser, you may see unexpected results. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Provide a PESTEL analysis for the Consumer Electronics industry. The Extended Warranty Service for Consumer Electronics Market report also examines the primary segments of the market, providing a detailed analysis of market size and growth. Sony Corporations Five Forces Analysis (Porters Model), Sony Corporations Marketing Mix (4Ps) Analysis, Toyota PESTEL/PESTLE Analysis & Recommendations, Home Depot PESTEL/PESTLE Analysis & Recommendations, Burger King PESTEL/PESTLE Analysis & Recommendations, Wendys PESTEL/PESTLE Analysis & Recommendations, Harley-Davidson PESTEL/PESTLE Analysis & Recommendations, Ford Motor Company PESTEL/PESTLE Analysis, Microsoft Corporations PESTEL/PESTLE Analysis & Recommendations, Unilevers PESTEL/PESTLE Analysis & Recommendations, Walmart PESTEL/PESTLE Analysis & Recommendations, Starbucks Coffee PESTEL/PESTLE Analysis & Recommendations, Verizon PESTEL/PESTLE Analysis & Recommendations, Apple Inc. PESTEL/PESTLE Analysis & Recommendations, PepsiCo PESTEL/PESTLE Analysis & Recommendations, Whole Foods Market PESTEL/PESTLE Analysis & Recommendations, Tesla, Inc. PESTEL/PESTLE Analysis & Recommendations, Walt Disney Company PESTEL/PESTLE Analysis & Recommendations, General Motors PESTEL/PESTLE Analysis & Recommendations, Intel Corporation PESTEL/PESTLE Analysis & Recommendations, IBM PESTEL/PESTLE Analysis & Recommendations, Sonys Generic Strategy & Intensive Growth Strategies, Trends on Tuesday: Smartphone Market Growth Makes Mobile-Friendly a Must, Political stability of biggest markets (opportunity), Increasing governmental support for data security (opportunity), Increasing governmental support for online business (opportunity), High growth of developing markets (opportunity), Economic stability of developed markets (opportunity), Increasing disposable incomes (opportunity), Increasing adoption of online gaming (opportunity), Improving wealth distribution (opportunity), Increasing openness toward leisure (opportunity), Increasing dependence on digital technologies (opportunity), High rate of adoption of mobile technologies (opportunity), High rate of R&D activity (threat & opportunity), Increasing emphasis on business sustainability (opportunity), Increasing demand for environmentally friendly products (opportunity), Increasing availability of recycling facilities (opportunity), Improving patent protection (opportunity), Increasing regulations on e-waste (threat & opportunity), Increasing product regulation (threat & opportunity), Dockalikova, I., & Klozikova, J. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. Directory information on international and country-specific organizations, including government agencies, is also included. 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. PESTLE Analysis 3.5. Arun Hegde Fuji, as it is Panasonic is a Japanese multinational company founded in 1918 by Konosuke Matsushita and was originally known as Matsushita Electric Industrial Co which was later changed to Panasonic in 2008. Tap here to review the details. It involves placing users inside a simulated environment with the use of monitor-like goggles and headsets. Available from 1980-present in ProQuest Global Newsstream. Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2383. For example, the integration of digital technology in smart homes presents new markets or market expansion opportunities for Sony. The report illustrates the application of the major analytical strategic frameworks in business studies such as SWOT, PESTEL, Value Chain analysis and McKinsey 7S Model on Samsung. There are huge growth opportunities in the Asia Pacific market, especially in China, Japan and Australia. Browse key industry insights spread across 340 pages with 296 market data tables & 75 figures & charts from this 2018 report Consumer Electronics Market Size By Product (Audio & Video Equipment [Personal, Professional], Major Household Appliance, Small Household Appliance, Digital Photo Equipment [Personal, Professional]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Landscape & Forecast, 2017 2024 in detail along with the table of contents: https://www.gminsights.com/industry-analysis/consumer-electronics-market. Strong financial performance across the Group, 1. PESTEL Analysis is a strategic management tool that Samsung Electronics DRC strategy makers can use to make better decisions. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. Looks like youve clipped this slide to already. 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. Keep it up! 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. Environmental factors are important due to the increasing scarcity of raw materials; pollution targets; doing business as an ethical and sustainable company; carbon footprint targets. Raw Material Suppliers 3.5.2. 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. 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. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. Sony has a great opportunity to expand its businesses through the joint venture it has with Ericson. 22.5 lakh crore) by 2024-25. 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. Email:sales@gminsights.com An Electronics engineer by education, I have prior experience in Electronics manufacturing firms, market research, and business development domains. Here are two Technological factors affecting Logitech: Virtual Reality (VR) is a new area in the world of technology. Reach thousands of academicians and corporates. PESTEL stands for - Political, Social, Economic, Technological, Environmental and Legal factors that impact the macro environment of the company that it operates in. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. 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. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. Clearly, Lenovo's core competencies present the company with an edge over its rivals. 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. 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. Industry Analysis The US retail consumer electronics (CE) market had reported revenues of $180 billion in 2010. 2003-2023 Chegg Inc. All rights reserved. This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. The . Skyworth Digital Holdings Ltd. 7.44. For example, the company can expect potential increases in PlayStation sales revenues, as more people are likely to purchase the product. PESTEL analysis. 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. (2012). 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 . Also, search for articles in periodicals and journals on individual PESTEL factors in the country, articles on a company and the industry it operates in. In any case, Logitech has a public sustainability pledge, in which they explain their use of recyclable plastics and renewable energies. 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 following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. 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. The high cost of doing business in the electronics' industry is also another weakness that the company faces at the moment. The effect of COVID-19 on this industry is examined in this paper. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hello, Consumer Electronics Market - Porter's and PESTEL Analysis 2017-2024 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. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. The company can sell these products to existing clients of the PC and data center businesses. Base year - 2021. Each category includes in-depth reports, analyst comments, statistics and external sources. 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. Some of the products included in consumer electronics are computers, laptops, smartphones, TVs, tablets, gaming consoles, hearables, wearables, digital cameras, and VR & AR devices. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. Environmental, Social, and Governance (ESG) Analysis Report. These markets have the highest growth rates, which can boost the companys overall revenues. Murphey, M., & Gause, R. (1974). 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. Opportunities. For example, the US-China trade war has caused major disruption in the consumer electronics industry. PESTLEstands for: Use the resources listed on this page forconducting a PESTLE analysis, including: COUNTRY REPORTS All Rights Reserved by Barakaat Consulting. 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 Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. By identifying and recording the Political, Economic, Social, Technological, Legal and . Koninklijke Philips N.V. (E & H). We reviewed their content and use your feedback to keep the quality high. 1. Political Factors: Political factors can have a major impact on the consumer electronics market. In fact, Logitechs flagship racing wheel and pedals, known as the G29, is rated one of the best steering wheels for sim racing. A recommendation is that the company must increase its efforts in product innovation to improve environmental impact and competitive advantage, while addressing concerns regarding product regulation. Begin typing PRS Group Political in the Publication box and then select PRS Group Political Risk Service that appears below the box and click Search. Intellectual property rights issues in tech breakthroughs, Lenovo Group Porter's Five Forces Analysis, Lenovo Group Segmentation, Targeting and Positioning (STP) Analysis. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its 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. The market holds a share of US$ 3.3 trillion in 2023 while expecting revenue of US$ 5.8 Trillion by 2033. However, we may send you emails on our new reports and solutions. This report is shared in order to give you an idea of what the complete SWOT & PESTLE analysis report will cover after purchase. The conditions of the natural environment affect Sony and its markets. 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. Another consideration is the increasing level of disposable income worldwide. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. 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 Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Global Battery Management Systems in Consumer Electronics Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries . Unexpected results with the use of monitor-like goggles and headsets cover after purchase clearly infringe on the same factor. Both on a global and regional scale in smart homes presents new markets or market opportunities... 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