Smart Speaker Market Emerging Trends and Company Profiles to Watch-Amazon, Google, Apple, Panasonic, Sony in 2017-2025
The most trending smart speakers are the ones integrated with Google Home and Amazon Echo which can automate digital tasks along with playing high-quality sound. The smart speakers can work equivalently to the smartphones. Siri and Cortana are also now included in smart speakers.
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Smart Speaker: Drivers and Restraints
The factors driving the market of smart speakers are the advancement in audio technology, growing number of smart homes, Growth in wireless technology and rising penetration of smartphones and smart devices and product innovation with the integration of new technologies and services.
The factors impeding the growth of smart speakers are the threat to privacy, an explosion in the system, compatibility issues with all smartphones and other devices and lack of standardization.
Smart Speaker: Segmentation
Segmentation based on connectivity with the speaker in Smart Speaker Market:
Segmentation based on the price range in Smart Speaker Market:
Smart Speaker: Competitive Landscape
The key players of the smart speaker market are Amazon.com, Inc., Google Inc., Apple Inc., Harman International Industries, Panasonic Corporation, Sonos Inc., Sony Corporation, LG Electronics Inc., Logitech International S.A. and Samsung Electronics.
North America is expected to the largest market of smart speakers. The majority of smart speaker vendors such as Google Inc., Apple Inc. are based in North America region itself, and they are also investing in the field of smart speakers in the local market. Several other companies like Panasonic Corporation and Samsung Electronics are also expanding their offering in Asia Pacific region thus the smart speaker market in this region is also elevating.
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The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
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