Global Smart Speaker Market Research and Forecast 2018-2023

  • ID: 4471516
  • Report
  • Region: Global
  • Orion Market Research Private Limited
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FEATURED COMPANIES

  • Amazon.Com, Inc.
  • Avalon Acoustics
  • Bose Corporation
  • Google Inc.,
  • LG Corporation
  • Sonos Inc.
  • MORE
Smart Speaker is a wireless audio playback device. It uses different types of connectivity for additional functions. It has special features to improve ease of use, and connect to multiple types of audio sources and provide additional functionality. The main aim of smart speakers is to deliver wireless audio content from a user’s media library. The media library may be on different platforms, or online music services. The global smart speaker market is expected to grow at a significant growth rate of 19% during 2018-2023. The major factors that are augmenting the market are increasing trend of wireless connectivity and devices, and rising IoT demand. Companies such as Google, Amazon, Apple, and Baidu have introduced wide range of products, providing different choices to the end user. The companies are investing huge amount and launching numerous products to become leader in smart speaker market. Besides big players, the start-ups are also generating funding from various sources in smart speaker market. For instance, in Dec, 2017, Mobvoi Inc. has launched TicHome Mini. It is a voice-activated digital assistant, which can respond to voice commands, such as streaming music and newscasts. The company is backed by Google Inc.

Other factors that are augmenting the market are rising adoption of smart homes and increasing disposable income of people all across the globe. In addition, technological advancement and new product development by major players and emerging economies are further expected to drive the growth of the market. The major factors that can hinder the growth of market is the security risk and risk of data theft. In the world of internet, privacy is always a major threat to the customers. The global smart speaker market is segmented on the basis of product, technology and application. By product, the market is segmented into single room speaker and multi room speaker. The multi room speaker is expected to show significant growth rate due to increasing commercial use of smart speakers. By technology, the market is segmented into Bluetooth, Wi-Fi, and other segment. Wi-Fi is expected to show highest growth rate due to increasing use of internet, introduction of 4G & LTE technology in the various region, and increasing internet based music application. By application, the market is segmented into commercial and domestic. During the forecast period, it is expected that the domestic segment will show considerable growth rate due to high acceptance of wireless speakers and increasing disposable income among the people.

Geographically, the market is divided into North America, Europe, Asia Pacific and Rest of the World. North America region is growing significantly and is estimated to dominate the overall global smart speaker market. The major contributors for the growth of North America include huge investment by private companies, presence of major market players such as Apple, Amazon, Microsoft and high adoption of the smart speaker in the region. Europe is also expected to show a significant growth rate. Most of the major market players are active in the region. High disposable income, high adoption rate are the major factors that are fueling the growth of the market. APAC is estimated to be the fastest growing regional market for the smart speakers. The promising economic growth, large customer base, increasing disposable income are responsible for increased demand of smart speaker in the region.

The key players in the smart speaker market include Google Inc, LG Corporation, Qualcomm Technologies, Inc., Sony Corporation, Baidu, Inc., Amazon.com, Inc. The companies are adopting partnership, R&Ds, M&As, and product launches as their key strategies to sustain in the market. Amazon and Google are the major market players in the US market. For instance, in Nov, 2017 Roku Inc., acquires Multi-Room Audio Startup for $3.5 Million.

Market Segmentation:

Global Smart Speaker Market is segmented on the basis of technology, application, component and regional outlook.
  • Global Smart Speaker Market Research and Analysis, By Technology
  • Global Smart Speaker Market Research and Analysis, By Application
  • Global Smart Speaker Market Research and Analysis, By Component
  • Global Smart Speaker Market Research and Analysis, By Region
The Report covers:
  • Comprehensive research methodology of Global Smart Speaker Market.
  • This report also includes detailed and extensive market overview with key analyst insights.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Smart Speaker Market.
  • Insights about market determinants which are stimulating the Smart Speaker Market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Amazon.Com, Inc.
  • Avalon Acoustics
  • Bose Corporation
  • Google Inc.,
  • LG Corporation
  • Sonos Inc.
  • MORE
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. by Segments
1.2.2. by Geography
1.2.3. by Stakeholders
1.2.4. Exceptions

2. Market Overview and Insights
2.1. Definition
2.2. Analyst Insights & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendation
2.2.3. Conclusion
2.3. Regulation
2.3.1.1. United States
2.3.1.2. European Union
2.3.1.3. China
2.3.1.4. India

3. Market Determinant
3.1. Motivators
3.1.1. Increasing Trend of Wireless Connectivity and Devices
3.1.2. Growing Adoption of Iot in Smart Speaker
3.1.3. Rising Adoption of Smart Homes
3.1.4. Increasing Wireless Streaming of Audio Content
3.1.5. Increasing Disposable Income in Developing Countries
3.2. Restraint
3.2.1. Security Risk
3.2.2. High Cost
3.3. Opportunity
3.3.1. Technological Advancement
3.3.2. Emerging Economies

4. Market Segmentation
4.1. Smart Speaker, by Product
4.1.1. Single Room Speakers
4.1.2. Multi Room Speakers
4.2. Smart Speaker, by Technology
4.2.1. Bluetooth
4.2.2. Wi-Fi
4.2.3. Other [Dlna, Airplay, Near Field Communication (Nfc)]
4.3. Smart Speaker, by Application
4.3.1. Commercial
4.3.2. Domestic
4.3.3. Other (Automotive)

5. Competitive Landscape
5.1. Key Strategies
5.2. Key Company Analysis

6. Regional Analysis
6.1. North American
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Spain
6.2.4. France
6.2.5. Italy
6.2.6. Rest of Europe
6.3. APAC
6.3.1. India
6.3.2. China
6.3.3. Japan
6.3.4. Rest of APAC
6.4. Rest of the World

7. Company Profiles
7.1. Alibaba Group Holding Limited
7.2. Altec Lansing/Al Infinity, Llc.
7.3. Amazon.Com, Inc.
7.4. Anker Technology Co. Limited
7.5. Apple Inc.
7.6. Avalon Acoustics
7.7. Baidu, Inc.
7.8. Bose Corporation
7.9. Creative Technology Ltd.
7.10. Edifier International Limited
7.11. Google Inc.,
7.12. Harman International Industries, Incorporated (Jbl)
7.13. Koninklijke Philips N.V.
7.14. LG Corporation
7.15. Logitech International Sa
7.16. Matsushita Electric Industrial Co., Ltd. (Panasonic)
7.17. Qualcomm Technologies, Inc.
7.18. Samsung Electronics Co., Ltd.
7.19. Sonos Inc.
7.20. Sony Corporation
7.21. Terratec Electronic Gmbh
List of Tables

List of Tables:
Table 1 Global Smart Speaker Market Research and Analysis, by Technology, 2017-2023 ($ Million)
Table 2 Global Smart Speaker, Market Research and Analysis , by Product, 2017-2023 ($ Million)
Table 3 Global Single Room Speakers Market Research and Analysis, 2017-2023 ($ Million)
Table 4 Global Double Room Speakers Market Research and Analysis, 2017-2023 ($ Million)
Table 5 Global Multi Room Speakers Market Research and Analysis, 2017-2023 ($ Million)
Table 6 Global Smart Speaker, Market Research and Analysis, by Technology, 2017-2023 ($ Million)
Table 7 Global Bluetooth Market Research and Analysis, 2017-2023 ($ Million)
Table 8 Global Wi-Fi Market Research and Analysis, 2017-2023 ($ Million)
Table 9 Global Other Market Research and Analysis, 2017-2023 ($ Million)
Table 10 Global Smart Speaker, Market Research and Analysis, by Application, 2017-2023 ($ Million)
Table 11 Global Commercial Market Research and Analysis, 2017-2023 ($ Million)
Table 12 Global Domestic Market Research and Analysis, 2017-2023 ($ Million)
Table 13 Global Other Market Research and Analysis, 2017-2023 ($ Million)
Table 14 Global Smart Speaker Software Market Research and Analysis, by Region, 2017-2023 ($ Million)
Table 15 North America Market Research and Analysis, by Product, 2017-2023 ($ Million)
Table 16 North America Market Research and Analysis, by Technology, 2017-2023 ($ Million)
Table 17 North America Market Research and Analysis, by Application, 2017-2023 ($ Million)
Table 18 Europe Market Research and Analysis, by Region, 2017-2023 ($ Million)
Table 19 Europe Market Research and Analysis, by Product, 2017-2023 ($ Million)
Table 20 Europe Market Research and Analysis, by Technology, 2017-2023 ($ Million)
Table 21 Europe Market Research and Analysis, by Application, 2017-2023 ($ Million)
Table 22 Asia Pacific Market Research and Analysis, by Region, 2017-2023 ($ Million)
Table 23 Asia Pacific Market Research and Analysis, by Product, 2017-2023 ($ Million)
Table 24 Asia Pacific Market Research and Analysis, by Technology, 2017-2023 ($ Million)
Table 25 Asia Pacific Market Research and Analysis, by Application, 2017-2023 ($ Million)Figure 1 Global Smart Speaker Market Share, by Technology 2017 vs 2023 (%)
Figure 2 Global Smart Speaker Market Share by Application, 2017 vs 2023 (%)
Figure 3 Global Smart Speaker Market Share by Component, 2017 vs 2023 (%)
Figure 4 Global Smart Speaker Market Share, by Geography, 2017 vs 2023, (%)
Figure 5 North America Smart Speaker Market Share, 2017 vs 2023 (%)
Figure 6 Europe Market Research and Analysis Share, 2017 vs 2023 (%)
Figure 7 Asia Pacific Market Research and Analysis Share, 2017 vs 2023 (%)
Figure 8 Rest of the World Market Research and Analysis, 2017 vs 2023 ($ Million)
Figure 9 United States Smart Speaker Market Research and Analysis, 2015-2022 ($ Million)
Figure 10 Canada Market Smart Speaker Research and Analysis, 2015-2022 ($ Million)
Figure 11 UK Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 12 Germany Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 13 Spain Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 14 France Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 15 Italy Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 16 ROE Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 17 India Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 18 China Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 19 Japan Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Figure 20 Ropac Smart Speaker Market Research and Analysis, 2017-2023 ($ Million)
Note: Product cover images may vary from those shown
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  • Alibaba Group Holding Limited
  • Altec Lansing/Al Infinity, Llc.
  • Amazon.Com, Inc.
  • Anker Technology Co. Limited
  • Apple Inc.
  • Avalon Acoustics
  • Baidu, Inc.
  • Bose Corporation
  • Creative Technology Ltd.
  • Edifier International Limited
  • Google Inc.,
  • Harman International Industries, Incorporated (Jbl)
  • Koninklijke Philips N.V.
  • LG Corporation
  • Logitech International Sa
  • Matsushita Electric Industrial Co., Ltd. (Panasonic)
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co., Ltd.
  • Sonos Inc.
  • Sony Corporation
  • Terratec Electronic Gmbh
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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