Global Smart Speaker Market to Reach $45.2 Billion by 2030
The global market for Smart Speaker estimated at US$4.9 Billion in the year 2022, is projected to reach a revised size of US$45.2 Billion by 2030, growing at a CAGR of 32% over the analysis period 2022-2030. Alexa, one of the segments analyzed in the report, is projected to record 34.2% CAGR and reach US$25.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Google segment is readjusted to a revised 32.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 30.7% CAGR
The Smart Speaker market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 30.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.5% and 27% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.1% CAGR.Select Competitors (Total 31 Featured) -
- Alibaba (China) Co., Ltd.
- Alphabet, Inc.
- Altec Lansing
- Amazon.com, Inc.
- Anker Innovations Ltd.
- Apple, Inc.
- Avnera Corporation
- Baidu, Inc.
- Bose Corporation
- Fabriq
- HARMAN International
- Invoxia
- Lenovo Group Ltd.
- LG Electronics Inc.
- Libratone A/S
- Mobvoi HK Limited
- ONKYO USA Corporation
- Panasonic Corporation
- Pioneer Electronics (USA) Inc.
- SK Telecom Co., Ltd.
- Sonos, Inc.
- Sony Corporation
- Ultimate Ears
- Xiaomi, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 289 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 4.9 Billion |
Forecasted Market Value ( USD | $ 45.2 Billion |
Compound Annual Growth Rate | 32.0% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alibaba (China) Co., Ltd.
- Alphabet, Inc.
- Altec Lansing
- Amazon.com, Inc.
- Anker Innovations Ltd.
- Apple, Inc.
- Avnera Corporation
- Baidu, Inc.
- Bose Corporation
- Fabriq
- HARMAN International
- Invoxia
- Lenovo Group Ltd.
- LG Electronics Inc.
- Libratone A/S
- Mobvoi HK Limited
- ONKYO USA Corporation
- Panasonic Corporation
- Pioneer Electronics (USA) Inc.
- SK Telecom Co., Ltd.
- Sonos, Inc.
- Sony Corporation
- Ultimate Ears
- Xiaomi, Inc.