Smart Speaker Market Demand, Size, Share & Forecast 2032

Smart Speaker Market

Smart Speaker Market by Product (Single Speaker, Double Speaker, and Multi Speaker), by Distribution Channel (Online and Offline), by Component (Hardware and Software), by OS (Android, iOS, and Others), and by Storage Space (Up to 4GB, 4-16GB, and Above 16GB) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032

Category: Consumer Goods Report Format : PDF Pages: 220 Report Code: ZMR-3255 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 9.68 Billion USD 30.25 Billion 13.50% 2023

Smart Speaker Market: Industry Perspective

The global smart speaker market size was worth around USD 9.68 billion in 2023 and is predicted to grow to around USD 30.25 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.50% between 2024 and 2032.

Global smart speaker market sizeRequest Free Sample

The report covers forecasts and analysis for the smart speaker market on a global and regional level. The study provides historical data for 2018-2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the smart speaker market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart speaker market on a global level.

This report offers a comprehensive analysis of the global smart speaker market along with market trends, drivers, and restraints of the smart speaker market. This report includes a detailed competitive scenario and the product portfolio of key manufacturers. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, and secondary and primary research teams of industry experts.

Global Smart Speaker MarketRequest Free Sample

The study provides a decisive view of the smart speaker market by segmenting the market based on product, distribution channel, component, OS, storage space, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. Based on the product, the segmentation of the smart speaker market includes a single speaker, double speaker, and multi-speaker. Based on the distribution channel, the segmentation of the smart speaker market includes online and offline. Based on the operating system (OS), the segmentation of the smart speaker market includes Android, iOS, and others. Based on storage space, the segmentation of the smart speaker market includes Up to 4GB, 4-16GB, and above 16GB.

Smart Speaker Market: Report Scope

 

Report Attributes Report Details
Report Name Smart Speaker Market
Market Size in 2023 USD 9.68 Billion
Market Forecast in 2032 USD 30.25 Billion
Growth Rate CAGR of 13.50%
Number of Pages 220
Key Companies Covered Amazon Inc., Apple Inc., Alphabet, Inc., Panasonic Corporation, Harman International, Xiaomi Inc., Alibaba Group Holding Limited, Sony Corporation, Askwithcue Inc., Sonos, Inc., and others.
Segments Covered By Product, By Distribution Channel, By Component, By Operating System, By Storage Space, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, Brazil, Argentina, and others.

Smart Speaker Market: Competitive Analysis

The global smart speaker market is dominated by players like:

  • Amazon Inc.
  • Apple Inc.
  • Alphabet, Inc.
  • Panasonic Corporation
  • Harman International
  • Xiaomi Inc.
  • Alibaba Group Holding Limited
  • Sony Corporation
  • Askwithcue Inc.
  • Sonos, Inc.

The report segments the global smart speaker market as follows:

Smart Speaker Market: Product Segment Analysis

  • Single Speaker
  • Double Speaker
  • Multi Speaker

Smart Speaker Market: Distribution Channel Segment Analysis

  • Online
  • Offline

Smart Speaker Market: Component Segment Analysis

Smart Speaker Market: Operating System Segment Analysis

  • Android
  • iOS
  • Others

Smart Speaker Market: Storage Space Segment Analysis

  • Up to 4GB
  • 4GB to 16GB
  • Above 16GB

Smart Speaker Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

Smart speakers are devices that are integrated with Artificial Intelligence (AI) and operate on voice commands. Smart speakers even control home automated devices. 

According to a study, the global smart speaker market size was worth around USD 9.68 billion in 2023 and is expected to reach USD 30.25 billion by 2032.

The global smart speaker market is expected to grow at a CAGR of 13.50% during the forecast period.

Europe is expected to dominate the smart speaker market over the forecast period.

Leading players in the global smart speaker market include Amazon Inc., Apple Inc., Alphabet, Inc., Panasonic Corporation, Harman International, Xiaomi Inc., Alibaba Group Holding Limited, Sony Corporation, Askwithcue Inc., and Sonos, Inc., among others.

The smart speaker market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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