The company profiles of all the key players and brands that are dominating the Global Smart Speaker Market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report.
Not to mention, this report presents precise and exact information about the market to drive your business in the right direction.
Global Smart Speaker Market, By Intelligent Virtual Assistant (Alexa, Google Assistant, Siri, Cortana), By Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone) and Software), By Application (Smart Home, Consumer, Smart Office), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The Global Smart Speaker Market is expected to reach USD 12.8 billion by 2025, from USD 2.1 billion in 2017 growing at a CAGR of 36.9 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Competitive Analysis: Global Smart Speaker Market
The global smart speaker market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart speaker market for global, Europe, North America, Asia pacific and South America.
Major Market Competitors/Players: Global Smart Speaker Market
Some of the major players operating in the global smart speaker market are Amazon.com Inc., Apple Inc., Sonos. Inc., Pioneer, Alphabet, Bose Corporation., SONY, Onkyo, Panasonic, Alibaba.com, Proserv., Pioneer, Altec Lansing/AL Infinity, LLC., Lenovo., Xiaomi. SK TELECOM CO., LTD. and among others
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Major Market Drivers
- Growing number of smart homes
- Rising disposable income
- Rapid proliferation of multifunctional devices
- Growing trend of personalization
- Issues related to connectivity range, compatibility, and power.
- The global smart speaker market is segmented into Intelligent Virtual Assistant, Component, application, end user and by geography.
- Based on intelligent virtual assistant, the market is segmented into Alexa, Google Assistant, Siri and Cortana.
- Based on component, the market is segmented into hardware and software. hardware is further segmented into speaker driver, connectivity IC, processor, audio IC, memory, power IC and microphone.
- On the basis of application, the market is classified into smart home, consumer and smart office.
- Based on geography, the market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others.
Market Definition: Global Smart Speaker Market
Smart speaker is defined as a smart audio playback and wireless device. It follows Bluetooth, Wi-Fi and other wireless protocol standards. Smart speaker controls home automation devices and control of common household tasks such as lighting, security monitoring, door lock, environmental control (thermostat), window shades, and more. It has various characteristics which include home assistance, voice control, music streaming music playback, compact size and many more. The benefits of using smart speakers are its good sound quality, flexible music listening, interaction with other devices and convenience to the user. It is mostly used in smart home, smart office and others. Example of smart speaker is Zettaly’s Avy is a bluetooth speaker with full Android capability.
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