- March 9, 2021
- Category: Consumer Electronics, Electronics
Global Smart Speaker Market Size by IVA (Alexa, Google Assistant, Siri, DuerOS, Ali Genie), by Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone) and Software), by Application (Smart Home, Consumer, Smart Office, Others) and Regional Forecasts 2021-2027.
Chapter 1.Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion) 1.2.1. Smart Speaker Market , by Region, 2019-2027 (USD Billion) 1.2.2. Smart Speaker Market , by IVA, 2019-2027 (USD Billion) 1.2.3. Smart Speaker Market , by Component , 2019-2027 (USD Billion) 1.2.4. Smart Speaker Market , by Application, 2019-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Smart Speaker Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Smart Speaker Market Dynamics 3.1. Smart Speaker Market Impact Analysis (2019-2027) 3.1.1. Market Drivers 188.8.131.52. Increasing number of smart homes 184.108.40.206. Convenient to use 3.1.2. Market Restraint 220.127.116.11. Threat of hacking 3.1.3. Market Opportunities 18.104.22.168. Personalization of speakers 22.214.171.124. Introduction of 5G Chapter 4. Global Smart Speaker Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Smart Speaker Market, by IVA 5.1. Market Snapshot 5.2. Global Smart Speaker Market by IVA, Performance - Potential Analysis 5.3. Global Smart Speaker Market Estimates & Forecasts by IVA 2018-2027 (USD Billion) 5.4. Smart Speaker Market , Sub Segment Analysis 5.4.1. Alexa 5.4.2. Google Assistant 5.4.3. Siri 5.4.4. DuerOS 5.4.5. Ali Genie Chapter 6. Global Smart Speaker Market, by Component 1.1. Market Snapshot 1.2. Global Smart Speaker Market by Component, Performance - Potential Analysis 1.3. Global Smart Speaker Market Estimates & Forecasts by Component 2018-2027 (USD Billion) 1.4. Smart Speaker Market , Sub Segment Analysis 1.4.1. Hardware 126.96.36.199.1.1.1. Speaker Driver 188.8.131.52.1.1.2. Connectivity IC 184.108.40.206.1.1.3. Processor 220.127.116.11.1.1.4. Audio IC 18.104.22.168.1.1.5. Memory 22.214.171.124.1.1.6. Power IC 126.96.36.199.1.1.7. Microphone 1.4.2. Software Chapter 7. Global Smart Speaker Market , by Application a. Market Snapshot 7.1. Global Smart Speaker Market by Application, Performance - Potential Analysis 7.2. Global Smart Speaker Market Estimates & Forecasts by Application 2018-2027 (USD Billion) 7.3. Smart Speaker Market , Sub Segment Analysis 7.3.1. Smart Home 7.3.2. Consumer 7.3.3. Smart Office 7.3.4. Others Chapter 8. Global Smart Speaker Market , Regional Analysis 8.1. Smart Speaker Market , Regional Market Snapshot 8.2. North America Smart Speaker Market 8.2.1. U.S. Smart Speaker Market 188.8.131.52. IVA breakdown estimates & forecasts, 2018-2027 184.108.40.206. Component breakdown estimates & forecasts, 2018-2027 220.127.116.11. Application breakdown estimates & forecasts, 2018-2027 8.2.2. Canada Smart Speaker Market 8.3. Europe Smart Speaker Market Snapshot 8.3.1. U.K. Smart Speaker Market 8.3.2. Germany Smart Speaker Market 8.3.3. France Smart Speaker Market 8.3.4. Spain Smart Speaker Market 8.3.5. Italy Smart Speaker Market 8.3.6. Rest of Europe Smart Speaker Market 8.4. Asia-Pacific Smart Speaker Market Snapshot 8.4.1. China Smart Speaker Market 8.4.2. India Smart Speaker Market 8.4.3. Japan Smart Speaker Market 8.4.4. Australia Smart Speaker Market 8.4.5. South Korea Smart Speaker Market 8.4.6. Rest of Asia Pacific Smart Speaker Market 8.5. Latin America Smart Speaker Market Snapshot 8.5.1. Brazil Smart Speaker Market 8.5.2. Mexico Smart Speaker Market 8.6. Rest of The World Smart Speaker Market Chapter 9. Competitive Intelligence 9.1. Top Market Strategies 9.2. Company Profiles 9.2.1. Amazon, Inc. 18.104.22.168. Key Information 22.214.171.124. Overview 126.96.36.199. Financial (Subject to Data Availability) 188.8.131.52. Product Summary 184.108.40.206. Recent Developments 9.2.2. Harman International 9.2.3. Apple Inc. 9.2.4. Sonos 9.2.5. Alphabet Inc. 9.2.6. Baidu Inc. 9.2.7. Bose Corporation 9.2.8. Sony Corporation 9.2.9. Onkyo Corporation 9.2.10. Samsung Electronics Chapter 10. Research Process 10.1. Research Process 10.1.1. Data Mining 10.1.2. Analysis 10.1.3. Market Estimation 10.1.4. Validation 10.1.5. Publishing 10.2. Research Attributes 10.3. Research Assumption
Global Smart Speaker Market is valued approximately at USD 7.1 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 17.1% over the forecast period 2021-2027. Smart speaker is a speaker and voice command device, integrated with a virtual assistant offering interactive actions and hands-free activation, by utilizing technologies such as Wi-Fi and Bluetooth. Apart from playing audio, it can also be used to control home automation devices. The increasing number of smart homes is a major factor driving the market. Smart speakers control smart devices using individual’s voice, making daily activities easier. The convenience to use is generating better results in driving the growth. But, threat of hacking the smart devices is a restraint. Hackers use voice recordings or mimicking to hack into the voice-enables devices. The devices use the technology of mesh networking which gives the ability to connect to two or more devices. The major market players are continuously improving the products according to the customer’s requirement. This gives the opportunity to the market to grow even more.
Key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for regional analysis of the global Smart Speaker Market. North America is the most dominating region because of countries such as US and Canada which adopted the smart technologies quickly. Asia Pacific is the fastest growing region including countries such as Japan and China who are major manufacturers of smart speakers. The government of India and China have launched initiatives such as Smart City Mission and All in one project respectively which will boost the growth of the sector in the region.
Major Market player included in this report are
The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro Market s for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Smart Speaker Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers