Smart Home Speaker Market in US 2017-2021

  • ID: 4335613
  • Report
  • Region: United States
  • 59 pages
  • TechNavio
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FEATURED COMPANIES

  • Alphabet
  • Amazon.com
  • COWIN Technology
  • FABRIQ
  • Interactive Voice
  • Invoxia
  • MORE
About Smart Home Speaker

A speaker is an audio system that converts electromagnetic waves into sound waves. Portable speakers can be categorized into two types on the basis of technology: wired and wireless portable speakers. Wired speakers connect to the source using a cable through which an audio signal is transferred. The quality and speed of data transfer are relatively fast compared with wireless speakers. The demand for wired speakers is fast declining.

Wireless speakers use Bluetooth technology for data transfer. Wireless portable speakers use radio frequency to transmit the audio signals instead of using audio cables. For the transfer of data, the receiver should be within the defined range of wireless transfer capability of the speaker. Some of the devices in the growing wireless speaker market include direct current (DC)-only Bluetooth speakers, alternating current (AC)-only Bluetooth speakers, and AC/DC Bluetooth speakers.

The analysts forecast the smart home speaker market in US to grow at a CAGR of 38.49% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the smart home speaker market in US for 2017-2021. To calculate the market size, the report considers the number of units shipped by various vendors in the market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Smart Home Speaker Market in US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Alphabet
  • Amazon.com
  • Invoxia
  • Lenovo
Other prominent vendors
  • COWIN Technology
  • FABRIQ
  • Interactive Voice
  • LG Electronics
  • Mattel
  • OMAKER
  • Pan Ocean Technology
  • Sony Mobile Communications
Market drivers
  • Increase in buying power of millennials
  • For a full, detailed list, view the full report
Market challenges
  • Connectivity and app-related issues
  • For a full, detailed list, view the full report
Market trends
  • Increase in availability of multifunctional products
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alphabet
  • Amazon.com
  • COWIN Technology
  • FABRIQ
  • Interactive Voice
  • Invoxia
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: US economic indicators
  • Economic indicators in US
PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by technology
  • Smart home speaker market in US by technology
  • Wi-Fi-enabled smart home speaker market in US
  • Bluetooth-enabled smart home speaker market in US
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends

PART 11: Vendor landscape
  • Competitive scenario
  • Key players in smart home speaker market in US
  • Market share analysis of vendors 2016
PART 12: Key vendor analysis
  • Alphabet
  • Amazon.com
  • Invoxia
  • Lenovo
  • Other prominent vendors
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global portable speaker market 2016-2021 (millions of units)
Exhibit 02: Global portable speaker market 2016-2021 ($ billions)
Exhibit 03: Internet penetration in US 2011-2015
Exhibit 04: Mobile cellular subscriptions in US 2010-2015
Exhibit 05: Urban population in US 2010-2015
Exhibit 06: Smart home speaker market in US
Exhibit 07: Strategies adopted by smart connected players
Exhibit 08: Smart home speaker market in US (millions of units)
Exhibit 09: Five forces analysis
Exhibit 10: Smart home speaker market in US by technology 2016
Exhibit 11: Smart home speaker market in US by technology 2016-2021 (% share of shipments)
Exhibit 12: Wi-Fi-enabled smart home speaker market in US 2016-2021 (millions of units)
Exhibit 13: Bluetooth-enabled smart home speaker market in US 2016-2021 (millions of units)
Exhibit 14: IFTTT for Amazon Echo, Dot, and Tap smart home speakers
Exhibit 15: Key players in smart home speaker market in US
Exhibit 16: Market share analysis of vendors 2016
Exhibit 17: Alphabet: Business segmentation by revenue 2016
Exhibit 18: Alphabet: Geographical segmentation by revenue 2016
Exhibit 19: Amazon.com: Business segmentation by revenue 2016
Exhibit 20: Amazon.com: Geographical segmentation by revenue 2016
Exhibit 21: HARMAN International: Product segmentation
Exhibit 22: Invoxia: Product categories
Exhibit 23: Lenovo: Business segmentation by revenue 2016
Exhibit 24: Lenovo: Geographical segmentation by revenue 2016
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Alphabet
  • Amazon.com
  • COWIN Technology
  • FABRIQ
  • Interactive Voice
  • Invoxia
  • MORE
New Report Released: - Smart Home Speaker Market in US 2017-2021

The author of the report recognizes the following companies as the key players in the smart home speaker market in US: Alphabet, Amazon.com, Invoxia, and Lenovo.

Other Prominent Vendors in the market are: COWIN Technology, FABRIQ, Interactive Voice, LG Electronics, Mattel, OMAKER, Pan Ocean Technology, and Sony Mobile Communications.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increase in availability of multifunctional products. Rapidly evolving technology helps improve product quality and provides user-friendly designs. The demand for technologically advanced products has compelled many vendors to develop multifunctional products.

For instance, Mattel offers Aristotle, a multifunctional product with a baby monitor, speaker with a voice-activated smart assistant, smart light, HD Wi-Fi camera, and sound machine. This multifunctional product automatically recognizes when babies wake up and soothes them to sleep with white noise, lullaby, and a favorite song or a night-light. It also logs wet diapers and feedings through voice commands and a phone app.”

According to the report, one of the major drivers for this market is Increase in buying power of millennials. People born between 1980 and 2000 are called millennials. They form a significant percentage of the population in the US and earn high incomes even though most of them are in their twenties. Thus, millennials have become a major target segment for a wide range of businesses, including smart connected products such as smart home speakers. Millennials are more tech savvy compared with other generations. They have the ability to adapt quickly to technology and can access just about any service they could possibly need with a click of a button. Most of the millennials use two to three tech devices at least once daily. The increase in adoption of smartphones and internet penetration among the millennials are driving the market for smart home speakers.

Further, the report states that one of the major factors hindering the growth of this market is Connectivity and app-related issues. Smart home speakers are highly dependent on internet connectivity. Users have to be connected to the internet to use the app and communicate with smart home speakers. Smart home speakers are also connected to sensors. Issues with sensor connectivity lead to a disconnection between the app and smart home speaker.

In such situations, users are unable to detect the device on their smartphones through the app and have to wait till connectivity issues get resolved. Some users also face problems with Wi-Fi and firmware updates. They have to continuously refresh the app till they detect the device on their smartphones. A sudden crash of app is also a factor that can cause connectivity issues between smartphones and smart home speakers. Power supply is another challenge for the customers. The entire control between smart home speakers and the app is dependent on Wi-Fi. Fluctuations in power supply can cause a disconnection. These issues hinder the growth of the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Alphabet
  • Amazon.com
  • Invoxia
  • Lenovo
  • COWIN Technology
  • FABRIQ
  • Interactive Voice
  • LG Electronics
  • Mattel
  • OMAKER
  • Pan Ocean Technology
  • Sony Mobile Communications
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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