Press release
Smart Speaker Market Report by Component (Hardware, Software) Intelligent Virtual Assistant (Amazon Alexa, Google Assistant, Siri, Cortana, Others) Connectivity (Wi-Fi, Bluetooth) Price Range (Low-range (Less than $100), Mid-range ($101 to $200), Premium
The smart speaker market is projected to exceed USD 45.14 billion by 2032, a significant rise from USD 8.04 billion in 2023, reflecting a robust CAGR of 21.14% from 2024 to 2032. This growth is fueled by increased demand for IoT home appliances and advancements in artificial intelligence.
Smart Speaker Market Table of Content and Sample Download: https://www.renub.com/smart-speaker-market-p.php
Smart Speaker Outlooks
Smart speakers are advanced audio devices equipped with voice control and artificial intelligence assistants such as Amazon Alexa, Google Assistant, or Apple's Siri. These speakers connect to the internet and execute various functions through voice commands, enhancing convenience and hands-free control. They play roles in entertainment, schedule management, and smart home control, regulating lighting, temperature, and security systems. Additionally, smart speakers offer accessibility features, benefiting users with disabilities. With ongoing updates and new integrations, smart speakers are becoming integral to modern homes and daily routines.
Driving Forces for the Smart Speaker Market
Convenience and Voice Control
Smart speakers enhance user convenience by allowing control of home devices and services through voice commands. This hands-free interaction is especially beneficial for multitasking and for individuals with mobility challenges. Users can manage entertainment systems, home automation, and online services effortlessly. The integration with other smart devices creates a cohesive smart home ecosystem, while artificial intelligence enhances device functionality by understanding user preferences. This seamless and efficient operation drives the growing adoption of smart speakers.
Integration with Smart Home Ecosystems
Smart speakers are central to smart home systems, managing connected devices like lighting, climate control, and security through voice commands or smartphone apps. They streamline home automation, improve convenience, and enhance security. By integrating various functions into one device, smart speakers help users save time and energy. Their ability to interact with numerous smart home devices ensures compatibility and smooth operation, contributing to their increasing popularity and market growth.
Rising Demand for Entertainment and Information
Smart speakers cater to the demand for instant access to entertainment and information. Users can easily stream music, podcasts, and news, and receive updates through voice commands, eliminating the need for manual device operation. These speakers provide personalized content suggestions based on user interests and browsing history. Integration with popular streaming services and news applications further boosts their appeal, positioning smart speakers as essential tools for staying informed and entertained in today's fast-paced world.
Asia Smart Speaker Market
The smart speaker market in Asia is expanding rapidly due to technological advancements, increased internet connectivity, and growing consumer demand for smart devices. Key markets such as Japan, China, Korea, and India are driving this growth, with consumers embracing smart home solutions. Manufacturers are enhancing their products with AI and natural language processing to cater to regional languages and preferences. Affordability, localization, and regional content are crucial for competing in Asia's diverse and dynamic market.
Smart Speaker Company Overview
Leading companies in the smart speaker market include Alibaba Group Holding Limited, Amazon.com Inc., Apple Inc., Baidu Inc., Bose Corporation, Lenovo Group Limited, LG Electronics Inc., Sonos, and Panasonic Corporation Inc.
Smart Speaker Company News
March 2024: LG Electronics launched the LG StanbyME Speaker (model XT7S) with a remote control for quick management, Bluetooth pairing, and a centralized control widget.
January 2024: JBL updated its portable audio lineup, including the JBL Xtreme 4, Clip 5, and Go 4, with Auracast for enhanced connectivity, improved sound quality, and stylish color options.
October 2023: Sonos introduced the Era 100 and Era 300 smart speakers in India, featuring Dolby Atmos and advanced design for exceptional sound.
June 2023: Amazon India released the Echo Pop smart speaker, available in multiple colors, featuring Alexa integration for a range of tasks including weather updates, news, and music streaming.
Relate Reports
United States E-learning Market: https://www.renub.com/united-states-e-learning-market-p.php
Asia Pacific Data Center Market: https://www.renub.com/asia-pacific-data-centre-market-p.php
Smart Parking Market: https://www.renub.com/smart-parking-market-p.php
Japan Smart Home Market: https://www.renub.com/japan-smart-home-market-volume-home-automation-entertainment-energy-management-security-ambient-assisted-living-aal-p.php
Component - Global Smart Speaker Market in 2 Viewpoints -
1) Hardware
2) Software
Intelligent Virtual Assistant - Global Smart Speaker Market in 5 Viewpoints -
1) Amazon Alexa
2) Google Assistant
3) Siri
4) Cortana
5) Others
Connectivity - Global Smart Speaker Market in 2 Viewpoints -
1) Wi-Fi
2) Bluetooth
Price Range - Global Smart Speaker Market in 3 Viewpoints -
1) Low-range (Less than $100)
2) Mid-range ($101 to $200)
3) Premium (Above $200)
Distribution Channel- Global Smart Speaker Market in 2 Viewpoints -
1) Online
2) Offline
End User - Global Smart Speaker Market in 2 Viewpoints -
1) Personal
2) Commercial
Geography - Global Smart Speaker Market
North America
1. United States
2. Canada
Europe
1. France
2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey
Asia Pacific
1. China
2. Japan
3. India
4. Australia
5. South Korea
6. Thailand
7. Malaysia
8. Indonesia
9. New Zealand
Latin America
1. Brazil
2. Mexico
3. Argentina
Middle East & Africa
1. South Africa
2. Saudi Arabia
3. United Arab Emirates
Company Insights:
• Overviews
• Recent Developments & Strategies
• Product Portfolio & Product Launch in Last 1 Year
• Revenue
Company Analysis:
1. Alibaba Group Holding Limited
2. Amazon.com Inc.
3. Apple Inc.
4. Baidu Inc.
5. Bose Corporation
6. Lenovo Group Limited
7. LG Electronics Inc.
8. Panasonic Corporation
9. Sonos Inc.
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 9000 syndicated reports and worked on more than 750 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: https://linkedin.com/company/renub-research
Website: www.renub.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Speaker Market Report by Component (Hardware, Software) Intelligent Virtual Assistant (Amazon Alexa, Google Assistant, Siri, Cortana, Others) Connectivity (Wi-Fi, Bluetooth) Price Range (Low-range (Less than $100), Mid-range ($101 to $200), Premium here
News-ID: 3595125 • Views: …
More Releases from Renub Resaecrh
Global Sports Medicine Market to Hit $12.32 Billion by 2033, Driven by Rising At …
Sports Medicine Market Overview
The growing awareness of injury prevention, increased involvement in sports and physical activities, and advancements in medical technology are all contributing to the notable rise of the global sports medicine industry. The prevention, diagnosis, treatment, and rehabilitation of sports-related injuries are the primary goals of this specialized discipline, which serves athletes, fitness enthusiasts, and individuals who lead active lifestyles. The adoption of less invasive surgical procedures, the…
U.S. Cosmetics Industry Set to Surge Past $149 Billion by 2033 Amid Rising Deman …
United States Cosmetics Market Overview
According to Renub Research, with an absolute compound annual growth rate (CAGR) of 4.82% from 2025 to 2033, the United States cosmetics industry is expected to reach around US$ 149.53 billion in 2033, up from US$ 97.89 billion in 2024.
Growing consumer awareness of personal grooming and beauty improvement, particularly among millennial and Gen Z, is the primary factor driving the US industry. For example, according to…
Global Non-Invasive Prenatal Testing Market to Triple by 2033, Surging to US$ 11 …
Non-Invasive Prenatal Testing Market Overview
A type of prenatal screening called non-invasive prenatal testing (NIPT) uses a pregnant woman's blood sample to check for fetal abnormalities. By examining DNA fragments in the mother's blood, the test is primarily used to identify genetic abnormalities, such as Turner syndrome, Patau syndrome, Edwards syndrome, and Down syndrome. The treatment, which may be carried out after nine weeks of pregnancy, removes the need…
Renub Research: Global Tractor Market Set to Plough Ahead, Reaching $111.22 Bill …
Agricultural Tractors Market Overview
The growing need for automated solutions in contemporary farming is driving the rapid evolution of the agricultural tractor market. Precision agriculture, less manual work, and increased output are all made possible by tractors. To maximize field operations, farmers are implementing tractors equipped with cutting-edge technology, such as automation, telematics, and GPS, as the global demand for food increases. Trends such as climate change adaptation and sustainable…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
