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 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. These counterfeit products devalue the Logitech brand, since they are often of much lower quality. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: Economic factors include current and projected economic growth; inflation and interest rates; job growth and unemployment; labor costs; impact of globalization; disposable income of consumers and businesses; likely changes in the economic environment. Industry Analysis. Smartphones are the largest segment in the CE market. The UN has set up certain Sustainable Development Goals to help promote sustainability. There are two business groups: Intelligent Devices Group which includes PCs, Smart devices and Mobiles, and the Data Center Business Group that includes networking, servers, software, services and storage. It is also prudent to mention that India accounted for a household refrigerator & washing machine user rate of 31% and 10% respectively in 2013. Micro-Star International Co., Ltd.(MSI). For different referencing styles and detailed guidelines, please click here. China is another major region standing as a major contributor toward global consumer electronics industry share. Traditionally, the main products in this market are TV, VCR, and CD player etc. Directory information on international and country-specific organizations, including government agencies, is also included. OECD (Organisation for Economic Co-operation and Development) publishes economic surveys, comparative statistics, regular outlooks and annual overviews for its 34 member countries and some major additional countries. We do not share your information with anyone. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. Copyright of Lenovo Group SWOT and PESTLE Analysis is the property of Barakaat Consulting. Grow your business. 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. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. Macroeconomics is the study of large-scale economic elements, often relating to countries as a whole.The factors this analysis represents are political, economic, social, technological, legal and environmental. See our Privacy Policy page to find out more about cookies or to switch them off. The company must effectively consider these factors in its strategic decision-making. 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. 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. 3.4. 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. At the landing page, select Publication and enter "United States" and date > 07/01/2016, for example, in the search box. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. One of the biggest markets for consumer electronics is in the United States, with annual consumer spending of several hundred billion U.S. dollars. 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. All its Compal Electronics is a contract computer hardware manufacturer and assembler with headquarters located in Neihu, Taipei, Taiwan. India is one of the 10 countries identified by Lenovo for data center expansion. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. Value Chain Analysis 3.5.1. Consumer electronics industry is a fashionable, innovative and high-technology industry. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. The Acer Inc. is a Taiwanese multinational hardware and electronics corporation specializing in advanced electronics technology and is headquartered in Xizhi, New Taipei City, Taiwan. Consumers worldwide are forecast to spend 505 billion U.S. dollars in 2022 on electronics. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. PESTLE (sometimes PEST) is a framework for analyzing the external macroenvironmentof a business or industry,usually specific to a particular country. 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. Provide a PESTEL analysis for the Consumer Electronics industry. You can use them to display text, links, images, HTML, or a combination of these. 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. 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. The global consumer electronics market, as per industry analysts, stood at USD 1100 billion in 2016. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. PESTEL stands for - Political, Economic, Social, Technological, In relation, governments are developing additional measures to support online business. IoT is a great opportunity for diversification beyond the core PC business, leveraging existing enterprise relationships. Pew Research Center conducts public opinion surveys around the world on a broad array of subjects ranging from people's assessments of their own lives to their views about the current state of the world and important issues of the day. This report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. A public opinion/polling database of 500,000+ questions and answers on a wide range of topics collected by the Roper Center for Public Opinion Research; data covers 1935-present. Lenovo to grow data center business - https://economictimes.indiatimes.com/tech/hardware/lenovo-to-grow-data-centre-business/articleshow/65570153.cms?from=mdr. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. Thus, the SWOT tool helps to identify all internal and external factors that influence the business and its operations. Visit original statistic The effects of technological trends and conditions on the remote or macro-environment of firms are considered in this aspect of the PESTEL/PESTLE analysis. 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. 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. The industry is also predicted to grow as a result of consumers . Meizu Telecom Equipment Co., Ltd. 7.28. What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. Lenovo Group SWOT and PESTLE analysis has been conducted by Nipunn V and reviewed by senior analysts from Barakaat Consulting. 3. 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. This external factor highlights the benefit of marketing gaming and entertainment products to address the leisure needs of target customers. 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. Free access to premium services like Tuneln, Mubi and more. PESTEL Analysis of Consumer Electronics Market. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Lenovo works with partners in environmentally friendly product shipping and encourages employees to use technology for reducing travel. Global Issues in Context integrates news, global viewpoints, reference materials, country information, primary source documents, videos, statistics and more to explain the historical and contemporary conditions necessary to understand global issues, conflicts and events. Please refer to the Terms and Conditions and Disclaimer for usage guidelines. This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. Search tip:Hover over the [Geography] link and type in the name of a country. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Reach thousands of academicians and corporates across the globe. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*. This aspect of the PESTEL/PESTLE analysis determines the effects of regulations on firms. One of the biggest markets for consumer electronics is in the United States, with annual consumer. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. 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. !-Keith GrencherBirmingham Business School. Consumer electronics (CE) are part of our daily lives, and hard to imagine a world without them. These products, which sometimes go under fake brand names, clearly infringe on the rights of the originals. 2. http://electronicandmediasize.blogspot.in Consumer Electronics Canon SWOT & PESTLE Analysis Last Updated : Feb, 2023 Canon is a Japanese electronic product manufacturer which was established around 1937. Lenovo thus expects revenues of $5-6 billion from the Indian market by 2021. Manufacturers 3.5.3. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. The results list mayinclude: Search tip: Click on [Reports] in the top navigation bar, then select [Country Reports]. Make your selection, and on the country's landing page: Search tip:Look for the Browse menu on the right side of the page and select[Country Reports]. 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. Based on this aspect of the PESTEL/PESTLE analysis of Sony, there are notable opportunities for business improvement based on external factors in the remote or macro-environment. This aspect of the PESTEL/PESTLE analysis covers the effects of ecological trends and conditions on firms remote or macro-environment. The SlideShare family just got bigger. Lenovo ensures that products are disposed of in an energy efficient manner. For any consumer-facing brand, a major aspect of success is ensuring your brand is well perceived. Gionee Communication Equipment Co., Ltd. 7.16. Investor presentation 2018/19 - https://investor.lenovo.com/en/financial/results/presentation_1819_q4.pdf, 3. Page Industries Limited SWOT & PESTLE Analysis, Tata Consumer Products Limited (TCPL) SWOT & PESTLE Analysis, Tata Chemicals Limited SWOT & PESTLE Analysis, 1. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. Consumer Electronics Market size was valued at over USD 1 trillion in 2020 and is estimated to grow at a CAGR of more than 8% from 2021 to 2027. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. The companys vision is to create personal devices which people are inspired to own, a culture which people have aspirations of joining, and a trusted business that is respected worldwide. This stability corresponds to the minimization of political barriers in the remote or macro-environment, thereby presenting opportunities for business expansion. 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