7.26. The following political external factors are significant in Sonys case: Sony Corporation benefits from the political stability in majority of the biggest markets. Apple enjoys a high level of customer loyalty. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Consumer electronics (CE) forms a multibillion-dollar industry, steadily progressing and developing with technology, and adding new product lines towards changing lifestyles. 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. Amazon.com Inc. operates alongside political influence. 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. Provide a PESTEL analysis for the Consumer Electronics industry. 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 report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. Each International Tax Guide provides an overview of the general investment landscape, corporate taxation and compliance, individual taxation and compliance, withholding rates, anti-avoidance rules, value-added tax (VAT; where applicable) and other types of taxes, and tax treaty information. 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. Europa World provides profiles of over 250 countries and territories, including extensive sections on political history, foreign affairs, and economic affairs. In relation, governments are developing additional measures to support online business. The company is into multiple and diverse businesses such as consumer electronics, gaming and financial services. The company has invested $1.2 billion in artificial intelligence R&D to expand its manufacturing facility in Chennai for data center offerings too. Gionee Communication Equipment Co., Ltd. 7.16. Companies are now focusing on constant productivity improvements in several product costs as well as structural costs owing to the competitive cost structures. It one of the largest manufacturers of plain paper copying machines, aging and optical products, including cameras, camcorders, photocopiers, steppers, computer. On the contrary, Augmented reality (AR) is not as immersive, blending the digital and physical worlds. Chinas urbanization drive and rising focus on living a high-quality life have been the prominent factors fueling regional consumer electronics market trends. Lenovo has implemented various programs that are inline to achieving the UN goals. The company also implements projects on energy efficiency and uses renewable energy sources in the daily operations. 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. This PESTEL/PESTLE analysis of Sony Corporation reveals a number of significant opportunities and threats that shape the electronics, gaming, entertainment and financial services markets. The industry is further anticipated to witness an interesting change of events with the integration of AI and IOT in the product spectrum. Copyright 2023. The detailed complete set of references are available on request in the 'Complete report' on purchase. 3. Clipping is a handy way to collect important slides you want to go back to later. (2012). The PESTEL/PESTLE analysis identifies such external factors in the political, economic, sociocultural, technological, ecological and legal aspects. 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 . 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. Impact of the Russia and Ukraine War on the SiC Based Power Electronics and Inverter Market Chapter 4. Cyberattacks on IoT devices have the potential to expose sensitive data, disrupt operations, and even endanger lives. High level of customer loyalty. 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. Segmentation, Targeting and Positioning (STP) Analysis Report. 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. Required fields are marked *. 3. Importantly, the beneficial factors such as growing disposable incomes, the rise of remote work, and numerous new industries greatly outweigh the few negative factors, like uncertain import tariffs and copycat products. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. They helped me with my custom research and delivered before time! The Daikin Industries was founded in the year 1924. The company report will include its brands and competitors, with links to current news articles, court cases, and intellectual property. Operations Management questions and answers. The company is developing an IoT solution bundle combining hardware, software and services. Full text of 300+ U.S. and international news sources. This will often provide links to Annual Reports; financial reports such as 10-K, 10-Q, and 8-K; and corporate social responsibility reports. In recent years, the market for advanced simulators that mimic real-world driving experiences has skyrocketed. Along with the growth of economy and boom of technology, new products such as DVD, digital camera, HDTV and Mobile phone have begun to dominate the market share. 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. Are you looking for a report which is not covered on our website? It provides business solutions, industry imaging products, medical imaging products and measuring instruments.It was founded in 2003. Technological innovation in todays device-filled world, 1. (Replaced Lexis Nexis Academic) PESTEL factor information is provided for countries. With high ASD, your ad post will be displayed across all our 2500+ pages.Grow your business with effective advertisement! 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. Reach thousands of academicians and corporates across the globe. This report contains the table contents only. Sony Corporation continues its global success by addressing the external factors and related issues in the remote or macro-environment of its business. Apple product launch event - September 2022. China is another major region standing as a major contributor toward global consumer electronics industry share. 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 invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing. Still, this same external factor creates opportunities for the company to continually improve its products to ensure compliance and build competitive advantage. 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. As an extremely competitive market, there are always new players entering the market, particularly from China, a global hub for manufacturing products. Task: You have been hired by an International Consumer Packaged Goods company to research what they believe to be an attractive market in your home country for the launch of a new personal skin care product for women. 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. Historical and forecasted date coverage varies by country, within a broad range of 1977 to five-year projections. 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. 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. In this aspect of the PESTEL/PESTLE analysis, there are major opportunities for growth and competitiveness in Sonys remote or macro-environment. Raw Material Suppliers 3.5.2. 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." The Summary report contains the SWOT & PESTLE table contents only. The Global Consumer Electronics Market was valued at USD 720 Billion in 2021. PESTEL & Environment See our Privacy Policy page to find out more about cookies or to switch them off. 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. You can use the following in your reference section in order to give credit to the source. Top Quality. In Amazon's case, the following political external factors are important in the development of the e-commerce industry: 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: Read More This Bentley Library research guide was created to provide a starting point for researching industries and markets. Governments are now increasing their efforts for data security, which supports the growth of businesses with online operations. Skyworth Digital Holdings Ltd. 7.44. The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties. 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. 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. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. The SlideShare family just got bigger. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. 1. Environmental, Social, and Governance (ESG) Analysis Report. Your email address will not be published. In fact, it wouldnt be wrong to mention that with these hi-tech features, the product spectrum of consumer electronics market has revolutionized. 2. A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry. Arun Hegde Smartphones are the largest segment in the CE market. Additionally, gaming is becoming more socially acceptable, especially with the rise of eSports. 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. It appears that you have an ad-blocker running. Free resource. For different referencing styles and detailed guidelines, please click here. Its products include many types of semiconductor devices like Dynamic RAM, Flash Memory, USB flash drives and solid state devices. Overall Impact of . 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