Press release
Smart Speaker Market Trends, Price, Revenue, Share, Growth and Forecast Until 2025 | Amazon, Apple, Alphabet Inc.,Lenovo, Sony, Sonos, Inc., Pioneer Electronics, Alibaba.com, Bose Corporation, Panasonic, Xiaomi Technology and More
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.
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Top Key Players:
• 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.
• among others.
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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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
Complete report on Global Smart Speaker Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
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.
For instances, in 2018, Google Home and Home Mini has launched smart speakers in India whichsupports Google Play Music, YouTube, Netflix, Saavn and Gaana. It has dual band WiFi (2.4GHz/5GHz), Bluetooth (only on Home Mini), far field microphones and supports both Android and iOS devices.
Furthermore, in 2018, Yandex launched $160 smart speakers for digital assistant ‘Alice’. It operates on mobile and desktop search, as well as on in-car navigation app. It used for music streaming, discounts on taxi rides and ad-free web TV.
Key Highlights of Report
• Overview of key market forces propelling and restraining market growth
• Offers a clear understanding of the competitive landscape and key product segments
• An analysis of strategies of major competitors
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Provides profiles of major competitors of the market.
• Details of their operations, product and services.
• Recent developments and key financial metrics.
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.
Key Insights in the report:
• Historical and current market size and projection up to 2025
• Market trends impacting the growth of the global Smart Speaker market
• Analyze and forecast the Smart Speaker market on the basis of applications and reactor type
• Trends of key regional and country-level markets for applications and reactor type
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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Customize report of "Global Smart Speaker Market" as per customers requirement also available.
Market Segmentations:
Global Smart Speaker Market is segmented on the basis of
• Intelligent Virtual Assistant
• Component
• Application
• Geography
Market Segmentations in Details:
By Intelligent Virtual Assistant
• Alexa
• Google Assistant
• Siri
• Cortana
By Component
• Hardware
• Software
By Application
• Smart Home
• Consumer
• Smart Office
By Geography,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
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.
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