Smiths Group SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP

Smiths Group plc

Technology and services

Conglomerates

Bringing technology to life

Innovation and technological excellence

Engineered products, Medicine, Sensor, Electronic and radio, Aerospace

Oil and gas, chemical, pharmaceutical, pulp and paper and mining industries, hospitals and laboratories, US Department of Defense, US Transportation Security Administration, and the UK Ministry of Defense, Industries using electronic and radio frequency devices

Global leader in the development, application and transformation of state-of-the-art technology into products and services that meet our customers’ evolving needs

Below are the Strengths in the SWOT Analysis of Smiths Group:

1. Operates in North America, Europe and Asia with 23,000+ employees
2. Has its presence in over 180 countries

3. Diversified customer base across multiple sectors with no customer accounted for more than 3% of the group's total revenue
4. Diversified revenue stream – John Crane Smiths Medical; Smiths Detection; Smiths Interconnect; and Flex-Tek

5. Globally spread production bases with a listing on London Stock Exchange

Here are the weaknesses in the Smiths Group SWOT Analysis:

1. Legal issues with claims and has had final judgments against it in many cases, resulting into approximately substantial payment
2. Geographic concentration of revenue – US accounting for nearly half of total revenue
3. Decreasing revenue from Japan

Following are the Opportunities in Smiths Group SWOT Analysis:

1. New contracts help in generating incremental revenues
2. Favorable outlook for Smiths Interconnect business
3. Expansion opportunities into process instruments

The threats in the SWOT Analysis of Smiths Group are as mentioned:

1. Challenging economic environment in the US and Europe
2. Intense competition
3. Extensive regulations

Below are the top 6 Smiths Group competitors:

1. 3M
2.Dover
3.Emerson Electric

4. Hitachi Ltd

5. Honeywell International

6. Omega Flex ltd