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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, 2017 – 2024

Published Date: 02-Aug-2018 Category: Consumer Goods Report Format : PDF Pages: 130 Report Code: ZMR-3255 Status : Published

Global smart speaker market expected to reach approximately USD 15.8 billion in 2024, growing at a CAGR of slightly above 19% between 2018 and 2024. Smart speakers are devices that are integrated with Artificial Intelligence (AI) and operate on voice commands. Smart speakers even control home automated devices.

Description

The report covers forecast and analysis for the smart speaker market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2024 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 on 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, secondary and primary research team of industry experts.

Global Smart Speaker Market

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 2018 to 2024. 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. 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.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global smart speaker market such as Amazon Inc., Apple Inc., Alphabet, Inc., Panasonic Corporation, Harman International, Xiaomi Inc., Alibaba Group Holding Limited, Sony Corporation, Askwithcue Inc., and 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

  • Hardware
  • Software

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

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Smart Speaker Market, 2015 - 2024, (USD Billion)
    • 2.2. Smart Speaker Market: Market Snapshot
  •  
  • Chapter 3. Smart Speaker Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
        • 3.4.1.1. Increasing number of smart homes in the U.S.
      • 3.4.2. Europe
        • 3.4.2.1. Adoption of smart speakers in automobile industry
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. Maintaining data secrecy of customers
    • 3.6. Opportunity
      • 3.6.1. Introducing smart speakers in regional languages
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
      • 3.8.1. The U.S.
      • 3.8.2. Europe
      • 3.8.3. China
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Smart Speaker Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Product Segment
      • 3.11.2. Market Attractiveness Analysis by Distribution Channel Segment
      • 3.11.3. Market Attractiveness Analysis by Component Segment
      • 3.11.4. Market Attractiveness Analysis by OS Segment
      • 3.11.5. Market Attractiveness Analysis by Storage Space Segment
      • 3.11.6. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Smart Speaker Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Product Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Smart Speaker Market - Product Segment Analysis
    • 5.1. Global Smart Speaker Market Overview: by Product
      • 5.1.1. Smart Speaker Market Revenue Share, by Product, 2017 and 2024
    • 5.2. Global Smart Speaker Market by Single Speaker, 2015-2024 (USD Billion)
    • 5.3. Global Smart Speaker Market by Double Speaker, 2015-2024 (USD Billion)
    • 5.4. Global Smart Speaker Market by Multi Speaker, 2015-2024 (USD Billion)
  •  
  • Chapter 6. Global Smart Speaker Market -Distribution Channel Segment Analysis
    • 6.1. Global Smart Speaker Market Overview: by Distribution Channel
      • 6.1.1. Smart Speaker Market Revenue Share, by Distribution Channel, 2017 and 2024
    • 6.2. Global Smart Speaker Market by Online, 2015-2024 (USD Billion)
    • 6.3. Global Smart Speaker Market by Offline, 2015-2024 (USD Billion)
  •  
  • Chapter 7. Global Smart Speaker Market - Component Segment Analysis
    • 7.1. Global Smart Speaker Market Overview: by Component
      • 7.1.1. Smart Speaker Market Revenue Share, by Component, 2017 and 2024
    • 7.2. Global Smart Speaker Market by Hardware, 2015-2024 (USD Billion)
    • 7.3. Global Smart Speaker Market by Software, 2015-2024 (USD Billion)
  •  
  • Chapter 8. Global Smart Speaker Market - OS Segment Analysis
    • 8.1. Global Smart Speaker Market Overview: by OS
      • 8.1.1. Smart Speaker Market Revenue Share, by OS, 2017 and 2024
    • 8.2. Global Smart Speaker Market by Android, 2015-2024 (USD Billion)
    • 8.3. Global Smart Speaker Market by iOS, 2015-2024 (USD Billion)
    • 8.4. Global Smart Speaker Market by Others, 2015-2024 (USD Billion)
  •  
  • Chapter 9. Global Smart Speaker Market - Storage Space Segment Analysis
    • 9.1. Global Smart Speaker Market Overview: by Storage Space
      • 9.1.1. Smart Speaker Market Revenue Share, by Storage Space, 2017 and 2024
    • 9.2. Global Smart Speaker Market up to 4GB, 2015-2024 (USD Billion)
    • 9.3. Global Smart Speaker Market 4-16GB, 2015-2024 (USD Billion)
    • 9.4. Global Smart Speaker Market Above 16GB, 2015-2024 (USD Billion)
  •  
  • Chapter 10. Global Smart Speaker Market - Regional Analysis
    • 10.1. Global Smart Speaker Market Overview: by Region
      • 10.1.1. Global Smart Speaker Market Revenue Share, by Region, 2017 and 2024
    • 10.2. North America
      • 10.2.1. North America Smart Speaker Market, 2015 - 2024 (USD Billion)
      • 10.2.2. North America Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 10.2.3. North America Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
      • 10.2.4. North America Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 10.2.5. North America Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
      • 10.2.6. North America Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.2.7. U.S.
        • 10.2.7.1. U.S. Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.2.7.2. U.S. Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.2.7.3. U.S. Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.2.7.4. U.S. Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.2.7.5. U.S. Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.2.8. Canada
        • 10.2.8.1. Canada Smart Speaker Market Revenue, By Product, 2015 - 2024 (USD Billion)
        • 10.2.8.2. Canada Smart Speaker Market Revenue, By Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.2.8.3. Canada Smart Speaker Market Revenue, By Component, 2015 - 2024 (USD Billion)
        • 10.2.8.4. Canada Smart Speaker Market Revenue, By OS, 2015 - 2024 (USD Billion)
        • 10.2.8.5. Canada Smart Speaker Market Revenue, By Storage Space, 2015 - 2024 (USD Billion)
      • 10.2.9. Mexico
        • 10.2.9.1. Mexico Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.2.9.2. Mexico Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.2.9.3. Mexico Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.2.9.4. Mexico Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.2.9.5. Mexico Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
    • 10.3. Europe
      • 10.3.1. Europe Smart Speaker Market, 2015 - 2024 (USD Billion)
      • 10.3.2. Europe Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 10.3.3. Europe Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
      • 10.3.4. Europe Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 10.3.5. Europe Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
      • 10.3.6. Europe Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.3.7. UK
        • 10.3.7.1. UK Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.3.7.2. UK Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.3.7.3. UK Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.3.7.4. UK Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.3.7.5. UK Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.3.8. France
        • 10.3.8.1. France Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.3.8.2. France Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.3.8.3. France Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.3.8.4. France Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.3.8.5. France Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.3.9. Germany
        • 10.3.9.1. Germany Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.3.9.2. Germany Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.3.9.3. Germany Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.3.9.4. Germany Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.3.9.5. Germany Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.3.10. Rest of Europe
        • 10.3.10.1. Rest of Europe Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.3.10.2. Rest of Europe Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.3.10.3. Rest of Europe Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.3.10.4. Rest of Europe Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.3.10.5. Rest of Europe Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
    • 10.4. Asia Pacific
      • 10.4.1. Asia Pacific Smart Speaker Market, 2015 - 2024 (USD Billion)
      • 10.4.2. Asia Pacific Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 10.4.3. Asia Pacific Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
      • 10.4.4. Asia Pacific Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 10.4.5. Asia Pacific Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
      • 10.4.6. Asia Pacific Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.4.7. China
        • 10.4.7.1. China Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.4.7.2. China Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.4.7.3. China Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.4.7.4. China Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.4.7.5. China Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.4.8. Japan
        • 10.4.8.1. Japan Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.4.8.2. Japan Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.4.8.3. Japan Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.4.8.4. Japan Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.4.8.5. Japan Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.4.9. India
        • 10.4.9.1. India Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.4.9.2. India Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.4.9.3. India Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.4.9.4. India Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.4.9.5. India Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.4.10. Rest of Asia Pacific
        • 10.4.10.1. Rest of Asia Pacific Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.4.10.2. Rest of Asia Pacific Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.4.10.3. Rest of Asia Pacific Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.4.10.4. Rest of Asia Pacific Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.4.10.5. Rest of Asia Pacific Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
    • 10.5. Latin America
      • 10.5.1. Latin America Smart Speaker Market, 2015 - 2024 (USD Billion)
      • 10.5.2. Latin America Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 10.5.3. Latin America Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
      • 10.5.4. Latin America Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 10.5.5. Latin America Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
      • 10.5.6. Latin America Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.5.7. Brazil
        • 10.5.7.1. Brazil Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.5.7.2. Brazil Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.5.7.3. Brazil Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.5.7.4. Brazil Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.5.7.5. Brazil Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.5.8. Argentina
        • 10.5.8.1. Argentina Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.5.8.2. Argentina Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.5.8.3. Argentina Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.5.8.4. Argentina Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.5.8.5. Argentina Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.5.9. Rest of Latin America
        • 10.5.9.1. Rest of Latin America Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.5.9.2. Rest of Latin America Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.5.9.3. Rest of Latin America Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.5.9.4. Rest of Latin America Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.5.9.5. Rest of Latin America Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
    • 10.6. Middle East & Africa
      • 10.6.1. Middle East & Africa Smart Speaker Market, 2015 - 2024 (USD Billion)
      • 10.6.2. Middle East & Africa Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 10.6.3. Middle East & Africa Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
      • 10.6.4. Middle East & Africa Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 10.6.5. Middle East & Africa Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
      • 10.6.6. Middle East & Africa Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.6.7. Saudi Arabia
        • 10.6.7.1. Saudi Arabia Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.6.7.2. Saudi Arabia Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.6.7.3. Saudi Arabia Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.6.7.4. Saudi Arabia Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.6.7.5. Saudi Arabia Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.6.8. UAE
        • 10.6.8.1. UAE Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.6.8.2. UAE Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.6.8.3. UAE Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.6.8.4. UAE Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.6.8.5. UAE Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.6.9. South Africa
        • 10.6.9.1. South Africa Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.6.9.2. South Africa Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.6.9.3. South Africa Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.6.9.4. South Africa Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.6.9.5. South Africa Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
      • 10.6.10. Rest of Middle East & Africa
        • 10.6.10.1. Rest of Middle East & Africa Smart Speaker Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 10.6.10.2. Rest of Middle East & Africa Smart Speaker Market Revenue, by Distribution Channel, 2015 - 2024 (USD Billion)
        • 10.6.10.3. Rest of Middle East & Africa Smart Speaker Market Revenue, by Component, 2015 - 2024 (USD Billion)
        • 10.6.10.4. Rest of Middle East & Africa Smart Speaker Market Revenue, by OS, 2015 - 2024 (USD Billion)
        • 10.6.10.5. Rest of Middle East & Africa Smart Speaker Market Revenue, by Storage Space, 2015 - 2024 (USD Billion)
  •  
  • Chapter 11. Company Profiles
    • 11.1. Amazon Inc.
      • 11.1.1. Overview
      • 11.1.2. Financials
      • 11.1.3. Product Portfolio
      • 11.1.4. Business Strategy
      • 11.1.5. Recent Developments
    • 11.2. Apple Inc.
      • 11.2.1. Overview
      • 11.2.2. Financials
      • 11.2.3. Product Portfolio
      • 11.2.4. Business Strategy
      • 11.2.5. Recent Developments
    • 11.3. Alphabet, Inc.
      • 11.3.1. Overview
      • 11.3.2. Financials
      • 11.3.3. Product Portfolio
      • 11.3.4. Business Strategy
      • 11.3.5. Recent Developments
    • 11.4. Panasonic Corporation
      • 11.4.1. Overview
      • 11.4.2. Financials
      • 11.4.3. Product Portfolio
      • 11.4.4. Business Strategy
      • 11.4.5. Recent Developments
    • 11.5. Harman International
      • 11.5.1. Overview
      • 11.5.2. Financials
      • 11.5.3. Product Portfolio
      • 11.5.4. Business Strategy
      • 11.5.5. Recent Development
    • 11.6. Xiaomi Inc.
      • 11.6.1. Overview
      • 11.6.2. Financials
      • 11.6.3. Product Portfolio
      • 11.6.4. Business Strategy
      • 11.6.5. Recent Developments
    • 11.7. Alibaba Group Holding Limited
      • 11.7.1. Overview
      • 11.7.2. Financials
      • 11.7.3. Product Portfolio
      • 11.7.4. Business Strategy
      • 11.7.5. Recent Developments
    • 11.8. Sony Corporation
      • 11.8.1. Overview
      • 11.8.2. Financials
      • 11.8.3. Product Portfolio
      • 11.8.4. Business Strategy
      • 11.8.5. Recent Developments
    • 11.9. Askwithcue Inc.
      • 11.9.1. Overview
      • 11.9.2. Financials
      • 11.9.3. Product Portfolio
      • 11.9.4. Business Strategy
      • 11.9.5. Recent Developments
    • 11.10. Sonos, Inc.
      • 11.10.1. Overview
      • 11.10.2. Financials
      • 11.10.3. Product Portfolio
      • 11.10.4. Business Strategy
      • 11.10.5. Recent Developments

Methodology

Free Analysis

Smart speakers are devices that operate on voice commands. The systems consist of Artificial Intelligence (AI) that offer hands-free activation. Smart speakers support Wi-Fi and Bluetooth connectivity to provide solutions for verbal questions. Thus, such speakers can prove to be a source of information.

Demand for smart speakers is considerably high in developed countries such as the U.S., the UK, Germany, and others. Increasing number of smart homes in these countries is preliminary driving smart speaker market. Further, in 2017, the number of smartphone users worldwide was around 2.3 billion. As smart speakers are compatible with various smartphones, it is expected that the market would propel at a rapid pace in the coming years. The major challenge for the market is maintaining data secrecy of the customers. The product works on voice commands. There are concerns among the users that smart speakers may have access to their private conversations. External units can hack into the system and gain access to the private and confidential data of users. Reliability and security of the system for the customers is a major obstacle that several top companies would have to overcome.

Global Smart Speaker Market

Global smart speaker market is segmented on the basis of product, distribution channel, component, operating system (OS), storage space, and region. On the basis of the distribution channel, the market is divided into online and offline segments. In 2017, around 1.5 billion people opted for online shopping. Thus, the online segment is expected to hold a significant market share during the forecast period. Top players like Amazon and Apple also offer their products online so as to have a broad customer base. Segmentation on the basis of the component includes the hardware and software; hardware is projected to hold a substantial market share. In the hardware segment, processors are expected to grow at a considerable rate. Processors are an important feature of any device. Manufacturers like Qualcomm are focusing on providing processors that can suffice demands of speed and accuracy for performing various tasks.

North America is anticipated to hold the highest smart speaker market share over the forecast period. The major factor for its dominance includes the base of significant market players such as Amazon, Apple, and Google in the U.S. Further, demand for technically superior products is also increasing in North America. Smart speakers are gaining popularity in China, India, and Japan. China is expected to grow at a steady pace as manufacturers like Xiaomi and Alibaba Group are investing in manufacturing speakers that are available in the local language.

Some of the key players in the smart speaker market are 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. Smart speakers are even offered in various languages to increase their regional presence. 

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