Smart Speakers Market 2018 Global Key Leaders: Beats Electronics, Bose Corporation, Harman, Altec Lansing, Avnera Corporation

Smart Speakers Market Overview:

Smart Speakers is type of speakers which is equipped with advance communication technologies such as Bluetooth, Wi-Fi and NFC and can be operated from any smart device such as smartphone, laptop and tablets. These speakers are similar in nature with a traditional speaker but provide different benefits which traditional speakers are not able to provide

As a part of industry 4.0, the focus is majorly shifting towards automation of everything, or in simple terms can be stated as Internet of Everything. The major part of this connected space is tend to occupy by the connected homes and smart homes. These smart homes will become so independent and intelligent and will begin to talk to talk to a person living in these homes. That intelligence of conversation requires a smart speaker, a wireless speaker, accepting the voice commands, which is installed with a virtual digital assistant, that takes up the user request or commands, processes them and converse through the speaker.

As we Know the Smart Speakers Market is very much anticipated to boom in the upcoming years, as there is a huge shift in digitizing the homes. These smart speakers are wirelessly connected over Bluetooth, Wi-Fi or Zigbee and can be connected with any of your smart devices like smartphones, tablets and laptops. Imagine, a speaker waking you up by playing a soothing song in the morning, updating you with the latest news or even take calls. The trend of smart work, instead of hard work is making its way in the minds of people across the world, and this trend is helping the market of smart speakers rise up. Amazon’s Echo, is one of the smart speaker that is integrated with amazon’s digital assistant, Alexa, taking up a little space in home and making the life of a consumer easier. The advancement in wireless technology is another factor that drive the growth of this market.

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Major Key Players

Beats Electronics (U.S.),
Bose Corporation (U.S.),
Samsung Electronics Limited (Korea),
Harman (U.S.),
LG Electronics (South Korea),
Altec Lansing (U.S.),
Avnera Corporation (U.S.),
Panasonic (Japan) ,
D&M Holdings, Inc (Japan),Sharp Corporation (Japan) and others

According to Market Research Future Analysis, Smart Speakers Market has been valued at USD 9 billion by the end of forecast period with 36% of CAGR during forecast period 2016 to 2022.

Regional Analysis
The geographical analysis of the smart speaker market includes the regions like North America, Europe, Asia pacific and rest of the world. As most of the smart speaker manufacturers are present in the U.S., the market for smart speakers is dominated by the North America. There are certain factors like increased usage of internet and with advanced smartphones. The country like U.S. and Canada are shifting to transform their homes into smart homes, providing the endless possibilities for the enterprises to capture the market. Digital assistants like Alexa and Google Assistant have already made their way to many of the homes in the North America.

Smart Speakers Global Market - Segmentation
By product type, the market is segmented into single speakers, double speakers and multi speakers.
By connectivity, the market is segmented into Bluetooth, Wi-Fi, Near Field communication (NFC) among others.
By application, the market is segmented into, personal use and commercial use.

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Intended Audience:
• Smart Speakers Manufacturers
• Smart Speakers Distributors
• Research/Consultancy firms
• Vendors from various verticals such as Bose, Harman, Samsung among others
• OEMs
• Semiconductor Manufacturers
• Stakeholders

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