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Smart Speakers Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5315003
  • Report
  • April 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Amazon Inc.
  • Baidu Inc.
  • Harman International
  • LG Electronics
  • Mojo
  • Pioneer
Smart Speakers Global Market Report 2021: COVID-19 Growth And Change To 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global smart speakers market.







This report focuses on the smart speakers market which is experiencing strong growth. The report gives a guide to the smart speakers market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:

Where is the largest and fastest growing market for the smart speakers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Speakers market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider smart speakers market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
  • The smart speakers market section of the report gives context. It compares the smart speakers market with other segments of the smart speakers market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, smart speakers indicators comparison.

Scope

Markets Covered:
1) By Intelligent Virtual Assistant: Amazon Alexa; Google Assistant; Siri; Cortana; Others
2) By Application: Smart Home; Smart Office; Consumer; Others3) By End User: Personal; Commercial
4) By Distribution Channel: Online; Offline

Companies Mentioned: Amazon, Inc.; Apple, Inc.; Xiaomi; Alibaba Group Holding Limited; Sonos. Inc.

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Smart Speakers Market

What is the estimated value of the Global Smart Speakers Market?

The Global Smart Speakers Market was estimated to be valued at $7.0 billion in 2021.

What is the growth rate of the Global Smart Speakers Market?

The growth rate of the Global Smart Speakers Market is 26.5%, with an estimated value of $17.9 billion by 2025.

What is the forecasted size of the Global Smart Speakers Market?

The Global Smart Speakers Market is estimated to be worth $17.9 billion by 2025.

Who are the key companies in the Global Smart Speakers Market?

Key companies in the Global Smart Speakers Market include Amazon Inc., Apple Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation and Panasonic Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon Inc.
  • Baidu Inc.
  • Harman International
  • LG Electronics
  • Mojo
  • Pioneer
1. Executive Summary

2. Smart Speakers Market Characteristics

3. Smart Speakers Market Trends And Strategies

4. Impact Of COVID-19 On Smart Speakers

5. Smart Speakers Market Size And Growth
5.1. Global Smart Speakers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Speakers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Smart Speakers Market Segmentation
6.1. Global Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Amazon Alexa
  • Google Assistant
  • Siri
  • Cortana
  • Others
6.2. Global Smart Speakers Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Smart Home
  • Smart Office
  • Consumer
  • Others
6.3. Global Smart Speakers Market, Segmentation By End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Personal
  • Commercial
6.4. Global Smart Speakers Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Online
  • Offline

7. Smart Speakers Market Regional And Country Analysis
7.1. Global Smart Speakers Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Smart Speakers Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Smart Speakers Market
8.1. Asia-Pacific Smart Speakers Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Smart Speakers Market
9.1. China Smart Speakers Market Overview
9.2. China Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Smart Speakers Market
10.1. India Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Smart Speakers Market
11.1. Japan Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Smart Speakers Market
12.1. Australia Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Smart Speakers Market
13.1. Indonesia Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Smart Speakers Market
14.1. South Korea Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Smart Speakers Market
15.1. Western Europe Smart Speakers Market Overview
15.2. Western Europe Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Smart Speakers Market
16.1. UK Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Smart Speakers Market
17.1. Germany Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Smart Speakers Market
18.1. France Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Smart Speakers Market
19.1. Eastern Europe Smart Speakers Market Overview
19.2. Eastern Europe Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Smart Speakers Market
20.1. Russia Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Smart Speakers Market
21.1. North America Smart Speakers Market Overview
21.2. North America Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Smart Speakers Market
22.1. USA Smart Speakers Market Overview
22.2. USA Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Smart Speakers Market
23.1. South America Smart Speakers Market Overview
23.2. South America Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Smart Speakers Market
24.1. Brazil Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Smart Speakers Market
25.1. Middle East Smart Speakers Market Overview
25.2. Middle East Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Smart Speakers Market
26.1. Africa Smart Speakers Market Overview
26.2. Africa Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Smart Speakers Market Competitive Landscape And Company Profiles
27.1. Smart Speakers Market Competitive Landscape
27.2. Smart Speakers Market Company Profiles
27.2.1. Amazon, Inc.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Apple, Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Xiaomi
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Alibaba Group Holding Limited
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Sonos. Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Smart Speakers Market

29. Smart Speakers Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Publisher
30.5. Copyright And Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon Inc.
  • Baidu Inc.
  • Harman International
  • LG Electronics
  • Mojo
  • Pioneer
Major players in the smart speakers market are Amazon, Inc., Apple, Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, Onkyo Corporation, and Panasonic Corporation.

The global smart speakers market is expected grow from $4.66 billion in 2020 to $6.98 billion in 2021 at a compound annual growth rate (CAGR) of 49.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.85 billion in 2025 at a CAGR of 26%.

The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing, producing artificial intelligence assisted speakers which are activated with one 'hot word' using voice recognition systems to perform wide range of wireless activities.

The smart speakers market covered in this report is segmented by intelligent virtual assistant into amazon Alexa, google assistant, Siri, Cortana, others; by application into smart home, smart office, consumer, others; by end user: personal, commercial and by distribution channel into online, offline.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Apart from increasing consumer preference for smart speakers the major drawback that’s concerning the market is the data privacy and security. These devices have access to the personal information stored in Gmail like contact details, bank details, login credentials which raise security issues. The devices of a smart home have access to sensitive data like videos, photos, personal information which can be accessed and operated from anywhere. In 2019, a survey conducted in US states that smart speaker non-users are more concerned about data and privacy reasons like hacking risk (63%), smart speakers are always listening (55%) and monitoring by government (40%) when compared with 2017 which were 41%, 36% and 34% respectively. When compared with smart speaker users, they also agreed with the above data and privacy issues similarly. These issues may hinder the market growth if appropriate development in security concerns are not addressed.

In November 2019, Sonos a US-based leading sound experience brand which allows its customers to listen better by giving access to their favorite content by controlling as they wish announced the acquisition of Snips for $37.5 million. The deal will benefit Sonos by improving the voice experience of Sonos with the addition of Intellectual Property of Snips and benefit Snips by taking its France technologies to international customers. Snips is a US-based private-by-design voice technology company which uses artificial intelligence integrated in connected devices.

With increasing consumer preference for technologically advanced products there is a rise in penetration of smartphones and smart devices. The enhanced personal use of smart devices points at integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2019 from 114 million units in 2018 and is expected to reach 325 million by 2020. In 2019, Amazon could integrate LIDAR technology into Amazon Echo through which it will be able to recognize hand gestures, type of food, and even the clothes being worn. In India, in 2019 the total number of smartphones users are 502.2 million which increased from 2017 which was 468 million users and the smartphones market is expected to gain 859 million users by 2022. Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market.

Virtual assistant devices are powered by artificial intelligence which offer ultimate luxury to the owner. They keep on listening to the command, analyze the needs and performs the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high quality virtual surround sound and exhibits features like setting timer, managing calendar events and more. Google assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account. In 2019, a survey states that Amazon Alexa/Echo dominates the US market with 70% market share followed by Google home with 25% and Apple HomePod with 5% which was largely because of the high sales of entry-level devices like Google Home Mini and Amazon Echo Dot with reasonable price. The proliferation of virtual assistance is, in turn, driving the smart speaker market.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Amazon Inc.
  • Apple Inc.
  • Xiaomi
  • Alibaba Group Holding Limited
  • Sonos. Inc.
  • Harman International
  • Bose Corporation
  • Sony Corporation
  • ONKYO CORPORATION
  • Panasonic Corporation
  • Alphabet Inc. (Google Inc.)
  • Baidu Inc.
  • Plantronics Inc. (Altec Lansing/AL Infinity LLC)
  • Pioneer
  • SK Telecom
  • Lenovo
  • Samsung Electronics Co. Ltd.
  • Avnera Corporation
  • Fabriq
  • Invoxia
  • LG Electronics
  • Libratone
  • Mobvoi
  • Mojo
  • Ultimate Ears
Note: Product cover images may vary from those shown

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