Harman International SWOT and PESTLE Analysis

Strength

1. Expert and leader in multiple industry verticals: Harman is well-positioned to remain at the top of the automotive market, with plans to use its diverse brand portfolio to outfit vehicles ranging from mass-market to high-end models, all while maintaining the high quality that Harman is known for. Harman's unrelenting pursuit of innovation in the audio and connectivity spaces will also aid in the development of succesful partnerships with automakers. Harman's Connected Services business has also continued to grow, with industry-leading OTA (Over the Air) and software servicing products. Harman uses their experience in a variety of industry verticals and leading platforms to quickly capitalise on new market opportunities.

2. Highest Zinnov Ratings for Overall IoT services: The annual Zinnov Zones for ER&D and IoT Services 2021 ratings have rated HARMAN's Digital Transformation Solutions (DTS) business unit as a leader. Zinnov's annual analysis of Global ER&D Service Providers rated HARMAN as a leader in 15 segments, including Overall ER&D Services and Overall IoT Services, after evaluating 50 global ER&D service providers. HARMAN was also named a leader in ER&D and IoT across several horizontals, verticals, and micro-verticals. Among HARMAN's many accolades are: ER&D Zinnov Zones: Overall ER&D Services 2021; Horizontals: Digital Engineering, AI Engineering, ER&D Services – US; Verticals: Consumer Software, Enterprise Software, Semiconductor, Telecommunication, Medical; Devices: Consumer Software, Enterprise Software, Semiconductor, Telecommunication, Medical; Software Platform Engineering, Telehealth, and OTT IoT are micro-verticals. Overall IoT Services, Public Infrastructure, and Telehealth are the IoT Zinnov Zones.

The remaining section under "Strength" is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

This section is available only in the 'Complete Report' on purchase.

Threat

This section is available only in the 'Complete Report' on purchase.

Political

This section is available only in the 'Complete Report' on purchase.

Economic

This section is available only in the 'Complete Report' on purchase.

Social

This section is available only in the 'Complete Report' on purchase.

Technological

This section is available only in the 'Complete Report' on purchase.

Legal

This section is available only in the 'Complete Report' on purchase.

Environmental

1. Electrical vehicles are being looked at as the better alternative for the environment: Many organisations have adopted electric vehicles (EVs) for their fleets as a result of rising fuel prices and a push for greener initiatives. EVs, which are known for their fuel efficiency, can be a cost-effective way to cut operating costs. In the United States, the average cost of electricity is ten cents per kilowatt-hour (kWh). An electric car typically costs around 3 cents per mile, which is significantly less than a gasoline car, which costs 10 cents per mile. EVs are a greener alternative to gas or diesel vehicles, in addition to lower fuel costs. They can reduce a fleet's greenhouse gas emissions by eliminating exhaust. This benefit aids businesses in remaining sustainable and compliant with government regulations. Because EVs are not powered by fossil fuels, they may lack certain components found in ICE vehicles. Parts like fuel lines, fuel tanks, and tailpipes, for example. This means that the majority of electric vehicles (EVs) do not emit carbon dioxide (CO2), which helps to reduce air pollution. Lithium-ion batteries are often more efficient than fuel engines, in addition to being less polluting. Many have an 8–10-year guaranteed life span. HARMAN can therefore, try and use a better alternative fuel for its automotives.

The remaining section under 'Environmental' is available only in the 'Complete Report' on purchase.