Smart Speakers Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc
The global smart speakers market report by the business research company identifies With increasing consumer preference for technologically advanced products, there is a rise in the penetration of smartphones and smart devices to be a major growth driver for the smart speakers market. The enhanced personal use of smart devices points to the integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2019 and reached 325 million by 2020. In 2019, Amazon could integrate LIDAR technology into Amazon Echo through which it will be able to recognize hand gestures, type of food, and even the clothes being worn. In India, in 2019 the total number of smartphone users is 502.2 million and the smartphone market is expected to gain 859 million users by 2022. Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market.
The global smart speakers market grew from $6.16 billion in 2021 to $6.6 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The smart speakers market is expected to grow to $8.63 billion in 2026 at a CAGR of 6.9%.
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Asia Pacific was the largest region in the smart speakers market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the smart speakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the smart speakers market are Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, ONKYO CORPORATION, and Panasonic Corporation.
The global organic food market is segmented -
1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Others
2) By Application: Smart Home, Smart Office, Consumer, Others
3) By End User: Personal, Commercial
4) By Distribution Channel: Online, Offline
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The Smart Speakers Market Report Contents Include
1. Executive Summary
2. Smart Speakers Market Characteristics
3. Smart Speakers Market Trends And Strategies
4. Impact Of COVID-19 On Smart Speakers
5. Smart Speakers Market Size And Growth
26. Africa Smart Speakers Market
27. Smart Speakers Market Competitive Landscape And Company Profiles
28. Smart Speakers Pipeline Analysis
29. Key Mergers And Acquisitions In The Smart Speakers Market
30. Smart Speakers Market Future Outlook and Potential Analysis
This report covers the trends and market dynamics of the smart speakers market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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