Your email address will not be published. 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. 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. Image Mouse Logitech by Antonio Lasis licensed underCC-BY 2.0, Our General Mills SWOT Analysis examines internal and external factors that impact the company's operations, What is root cause analysis, the goal, and why is it important? 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 result of which is used to identify threats and weaknesses which is used in a SWOT analysis. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Consumer spending on technology worldwide from 2020 to 2022 (in billion U.S. dollars). Forecast period - 2022 to 2028. They have a wide range of products catering to consumers' needs, from personal audio equipment to home automation systems. Use MyConnect to set email notifications, set custom search alerts, and save content for later viewing. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. Lenovo has made sustainable packaging as an important part of its environmental initiatives. Samsung Group Report contains a full analysis of Samsung Porter's Five Forces Analysis. The high costs in the industry affect how the company sets prices for its products (Henry 2008, p. 117). Includes Quick Links to current news and other relevant resources. !-Keith GrencherBirmingham Business School. S - Social. Please note that you agree to receive email updates from us on our new reports and solutions. Vivo Communication Technology Co. Ltd. Browse Full TOC of This Report @ https://www.gminsights.com/toc/detail/consumer-electronics-market. Top Quality, I found the analysis reports of SWOT & PESTLE.com very comprehensive and insightful. You can read the details below. 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). Solar energy installations at some facilities have a total capacity of 5 MW, which is a potential carbon emission reduction of 5000 metric tons annually. It has manufacturing Xiaomi was founded in 2010 by Chinese entrepreneur Lei Jun. 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 . Another consideration is the increasing level of disposable income worldwide. Unfortunately, while counterfeits are a serious legal issue, some governments refuse to take action on those who manufacture them. 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. Country Reports, on the right side tool bar, links to extensive current reports providing information on the PESTEL factors in a country. 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. You can use the following in your reference section in order to give credit to the source. Holistic Analysis Here is an Environmental factor affecting Logitech: For any manufacturer in any industry, sustainability is a major issue. I currently work as a SEO Analyst in a market consultancy firm. Speaking of the competitive trends in consumer electronics market space, the industry is dynamically charged with participation of globally preeminent magnates such as Apple Inc., Samsung Electronics, Sony Corporation, Nikon, Bose, GoPro, and Sennheiser. Also included are full-text case studies, company and industry profiles, country reports, executive and analyst interviews, market research reports and SWOT analyses. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Base year - 2021. Manufacturers 3.5.3. Provide a PESTEL analysis for the Consumer Electronics industry. It allows a company to form an impression of the factors that might impact a new business or industry. (2012). Enter the name of a country in the All Countries search box. In this article, well 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. We reviewed their content and use your feedback to keep the quality high. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. The P stands for the political factors, and are those driven by government actions and policies. The detailed complete set of references are available on request in the 'Complete report' on purchase. India on the verge of significant data center expansion - https://www.thehindubusinessline.com/economy/india-on-the-verge-of-significant-data-centre-expansion/article26272072.ece, 4. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. 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. Technology and regulatory information can be found in the Operating Conditions section. The company focuses on initiatives to meet the following goals: quality education, gender equality, decent work and economic growth, industry innovation and infrastructure, responsible consumption and production, and climate action. The effect of COVID-19 on this industry is examined in this paper. Immersive technology consumer market revenue worldwide from 2018 to 2023, by segment (in billion U.S. dollars), Further details: What remains to be seen is how these smart interventions would mold the competitive hierarchy of consumer electronics market in the coming years. 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. ProQuest. In. Nonetheless, based on the same external factor, Sony has opportunities to grow its electronics, gaming, entertainment and financial services businesses. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! 2003-2023 Chegg Inc. All rights reserved. E-commerce of Consumer Electronics Products Market Segmentation, By Application. 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. A PESTLE analysis is a tool used to gain a macro picture of an industry environment. It started off primarily as a mobile phone manufacturer but has now ventured into other consumer durables like smart TVs, fitness bands etc. (2014, November). This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. The company must effectively consider these factors in its strategic decision-making. The study provides historical data from 2015 and a forecast for the market from 2023 to 2030. Here is a Legal factor affecting Logitech: The consumer electronics industry is plagued by copycat electronics. The Indian appliance and consumer electronics (ACE) market is expected to increase at 9% CAGR to reach Rs. Additionally, new niches in the gaming world are emerging, presenting new opportunities for computer hardware which Logitech could exploit. 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 factors reduce the bargaining power of Apple customers: 1. 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. Sales of LG Electronics by business segment from 1st quarter 2016 to fourth quarter 2021 (in billion U.S. dollars)*, Further details: PESTEL & Environment Most of these external factors present opportunities that Sony can take. 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. 3. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. With an effective marketing strategy, there is no reason why Logitech cant flourish in lesser-established markets like Africa. In case you need the complete report please purchase using the buy options displayed. This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. On the other hand, the high rate of research and development (R&D) activity among firms increases their competitiveness against Sony. 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 external factor improves the potential success rate of Sonys efforts to address product end-of-life concerns. It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. Not to mention, with anticipation of smart notion chiefly characterizing this business fraternity, the consumer electronics industry players are overt to witness a plethora of opportunities in the coming years. This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. Strong financial performance across the Group, 1. It examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. The industry is also predicted to grow as a result of consumers . Interactive maps, charts, and graphs present data on specific geographies. Perhaps the electronics manufacturer will even look to create its own VR headset. Looks like youve clipped this slide to already. Share, and COVID-19 Impact Analysis, By Product (Consumer Electronics Devices, Smart Home Devices, and Wearable Electronics Devices), By . SWOT & PESTLE.com (2023). 3.15 trillion (US$ 48.37 billion) in 2022. Get in touch with us. Consumer electronics e-commerce in the U.S. Consumer electronics in the Asia-Pacific region, Consumer electronics in the United States, Consumer electronics industry in Thailand, Extended reality (XR): AR, VR, and MR in the United States, Smartphone market in the Asia-Pacific region, Other interesting topics relating to the sub-industries of the "Consumer Electronics" industry. Holistic Analysis Changes in the macro-envir. 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. 1. Clearly, Lenovo's core competencies present the company with an edge over its rivals. Hisense Kelon Electrical Holdings Co., Ltd. 7.22. Toll Free:1-888-689-0688 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 Electronics for Imaging, Inc. PESTEL analysis is a strategic tool to analyze the macro environment of the organization. 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. Proprietary reports and ratings assess country, banking and sovereign risk. This couldnt be truer in the gaming space, where manufacturers are held to high standards due to the tech savviness of consumers. Among the giants, Apple was named one of the most valuable brands in the world. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of Electronics for Imaging, Inc.. A PESTLE analysis is used to conduct a broad assessment of the key features of the external environment facing a business. Reach thousands of academicians and corporates. 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. This new niche is a massive opportunity for Logitech, which the company has not been afraid to reach for. 2010;Sanjeepan, 2017) [10][11][12] is used to study the market of a particular organization and takes its name from the following: a) Political, b . C2C; B2C; Years considered for the study are as follows: Historical year - 2019,2020. What with the outbreak of coronavirus in early 2020, remote work is only becoming more prominent. The company must effectively consider these factors in its strategic decision-making. For different referencing styles and detailed guidelines, please click here. Meizu Telecom Equipment Co., Ltd. 7.28. We are happy to help. Sony can focus more on enhancing its mobile devices to take advantage of opportunities based on the high rate of adoption of mobile technologies. Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends. PESTEL Analysis of Consumer Electronics Market. For instance, the company can take advantage of the availability of such facilities to implement more comprehensive recycling programs. Global smart wearable devices market will reach $137.15 billion by 2030, growing by 14.7% annually over 2020-2030 with a CAGR of 18.6% for unit shipment, owing to the growing consumer preference. Now customize the name of a clipboard to store your clips. 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Can use the following factors reduce the bargaining power of Apple customers 1... Those driven by government actions and policies an Environmental factor affecting Logitech: for any manufacturer any... And build competitive advantage Analyst in a SWOT analysis news and Events report cover. Competencies present the company has not been afraid to reach for weaknesses which are used in a market firm. And over 1 million facts: Get Quick analyses with our professional research.!, new niches in the gaming space, where manufacturers are held high. Issue, some governments refuse to take advantage of opportunities based on the right side bar...