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. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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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
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.
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Top Key Players:
• Alphabet Inc
• Sonos, Inc.
• Pioneer Electronics
• Bose Corporation
• Xiaomi Technology
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
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Global Smart Speaker Market is segmented on the basis of
• Intelligent Virtual Assistant
Market Segmentations in Details:
By Intelligent Virtual Assistant
• Google Assistant
• Smart Home
• Smart Office
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• North America
• South America
• 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.
Research Methodology: Global Smart Speaker Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others
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