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Global Smart Speaker Market to reach USD 21.44 Billion by 2027.

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.

Product Code: ECE_39500062
Publish Date: 9-03-2021
Page: 200

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

Amazon, Inc.
Harman International
Apple Inc.
Sonos
Alphabet Inc.
Baidu Inc.
Bose Corporation
Sony Corporation
Onkyo Corporation
Samsung Electronics
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:

By IVA:
Alexa
Google Assistant
Siri
DuerOS
Ali Genie
By Component:
Hardware
Speaker Driver
Connectivity IC
Processor
Audio IC
Memory
Power IC
Microphone
Software
By Application:
Smart Home
Consumer
Smart Office
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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
3.1.1.1. Increasing number of smart homes
3.1.1.2. Convenient to use
3.1.2. Market Restraint
3.1.2.1. Threat of hacking
3.1.3. Market Opportunities
3.1.3.1. Personalization of speakers
3.1.3.2. 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
1.4.1.1.1.1.1. Speaker Driver
1.4.1.1.1.1.2. Connectivity IC
1.4.1.1.1.1.3. Processor
1.4.1.1.1.1.4. Audio IC
1.4.1.1.1.1.5. Memory
1.4.1.1.1.1.6. Power IC
1.4.1.1.1.1.7. 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
8.2.1.1. IVA breakdown estimates & forecasts, 2018-2027
8.2.1.2. Component breakdown estimates & forecasts, 2018-2027
8.2.1.3. 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.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. 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

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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