Smart Speakers Market 2019 Global Recent Trends, Competitive Landscape, Size, Segments, Emerging Technologies and Industry Growth Strategies by Forecast to 2022

The report on the global Smart Speakers market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Market Highlights:
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.

The market of smart speakers is very much expected 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.

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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),
• Sony Corporation (Japan),
• Sennheiser electronic GmbH & Co. KG (Germany),
• JBL Professional (U.S.),
• Skullcandy Inc (U.S.),
• Koninklijke Philips N.V.(Netherlands),
• Onkyo Corporation (Japan)
and others are at the forefront of competition in the global smart speakers market.

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.

Industry News

Amazon brings its Echo smart speakers and music unlimited service to 28 new countries. Amazon is mostly contributing to push its media services worldwide after it expands its Alexa smart speakers and its standalone music unlimited service to an additional 28 countries. The initial market for Echo included the U.S, the U.K, India and Japan. The music streaming service covers more than 40 million tracks and it is available independently of Amazon’s Prime package. Amazon has introduced the Echo smart speakers to countries like Belgium, Iceland, Bolivia, Latvia, Bulgaria, Liechtenstein, Chile, Lithuania, Colombia, Luxembourg, Costa Rica, Malta, Cyprus, Netherlands, Czech Republic, Panama, Ecuador, Peru, El Salvador, Poland, Estonia, Portugal, Finland, Slovakia, Greece, Sweden, Hungary and Uruguay. These countries mostly fall in Europe, making Europe the most preferred market for smart speakers.

Regional Analysis:

The global market for smart speaker’s is estimated to grow at a significant rate during the forecast period. The geographical analysis of smart speaker market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
The smart speaker market in North America will expected to dominate smart speaker market during the forecast period owing to the presence of early adopters and key smart speaker providers such as Google Inc. and Amazon. com. North America region also growing rapidly due to adoption of new technologies such as IoT and Artificial Intelligence.
Asia-Pacific is expected to grow at the faster rate during forecast period. China and Japan dominate the smart speaker market in Asia-Pacific. In Asia-Pacific, smart speaker market is been growing very rapidly as they growing with adoption of smart homes and smart offices. Moreover, the smart city project announcement in India and China will expected to drive the smart speaker market in Asia-Pacific during forecast period.

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

LIST OF TABLES
Table 1 Global Smart Speakers Market, By Product Type
Table 2 Global Smart Speakers Market, By Application
Table 3 Global Smart Speakers Market, By Connectivity
Table 4 Global Smart Speakers Market, By Regions
Table 5 North America Smart Speakers Market, By Country
Continued……

LIST OF FIGURES
Figure 1 Research Type
Figure 2 Global Smart Speakers Market: By Product Type (%)
Figure 3 Global Smart Speakers Market: By Application (%)
Figure 4 Global Smart Speakers Market: By Connectivity (%)
Figure 5 Global Smart Speakers Market: By Region
Continued……

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