Global Smart Home Speakers Market to Reach $58.7 Billion by 2030
The global market for Smart Home Speakers estimated at US$6.4 Billion in the year 2022, is projected to reach a revised size of US$58.7 Billion by 2030, growing at a CAGR of 31.9% over the analysis period 2022-2030. Commercial, one of the segments analyzed in the report, is projected to record 35.5% CAGR and reach US$18.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Personal segment is readjusted to a revised 30.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 30.5% CAGR
The Smart Home Speakers market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2030 trailing a CAGR of 30.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29% and 26.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.9% CAGR.Select Competitors (Total 49 Featured) -
- Alphabet, Inc.
- Amazon.com, Inc.
- Cowin Technology Pte. Ltd.
- Fabriq
- Invoxia
- Lenovo Group Limited
- LG Electronics, Inc.
- Mattel, Inc.
- Pan Ocean Technology
- Sony Mobile Communications AB
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
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 (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphabet, Inc.
- Amazon.com, Inc.
- Cowin Technology Pte. Ltd.
- Fabriq
- Invoxia
- Lenovo Group Limited
- LG Electronics, Inc.
- Mattel, Inc.
- Pan Ocean Technology
- Sony Mobile Communications AB
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 248 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 6.4 Billion |
Forecasted Market Value ( USD | $ 58.7 Billion |
Compound Annual Growth Rate | 31.9% |
Regions Covered | Global |