Smart Speaker Market Research Report 2028
The global smart speaker market size is expected to reach USD 23.93 billion in 2028 at a CAGR of 16.9% during the forecast period, according to the latest report by Emergen Research.
The latest study on the Smart Speaker
industry includes a detailed analysis of the future trends and demands for the
forecast period, 2020 - 2028. The market intelligence report on the Smart Speaker
industry encompasses an in-depth evaluation of different products,
applications, end-users and their sales across different regions. A closer look
at the important industry terms and definition, technology advancements and
forces influencing the product and production capability further makes the
report a valuable reference material.
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Smart home segment is expected to account for
largest revenue share in the global market during the forecast period owing to
increasing integration of smart speakers in smart home devices such as lights,
thermostats, and televisions, and other devices.
Alexa segment accounted for a significant revenue
share in the global market in 2020 and is expected to register robust revenue
growth over the forecast period owing to its easy availability and
affordability. Alexa has been the most preferred voice assistant for a wide
range of smart speakers and is available in over 80 countries across the globe.
The personal use segment is expected to dominate
other end-use segments in terms of revenue over the forecast period owing to
rising adoption of smart home systems across the globe, increasing integration
of smart speakers with various devices, and rising use of smart speakers to for
various personal applications such as making phone calls, tracking user
activity, and scheduling appointments, among others.
North America is expected to account for largest
revenue share in the global market in terms of revenue over the forecast period
owing to high adoption of smart speakers, preference for innovative and
cost-effective devices, increasing purchasing power among individuals, and
presence of key manufacturers in the region.
Key companies in the market include Apple, Inc., Alphabet,
Inc., Amazon.com, Inc., Sony Corporation, Lenovo Group Ltd., Xiaomi
Corporation, Altec Lansing, Inc., SK Telecom Co. Ltd., Onkyo Corporation, and
Baidu, Inc.
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For the
purpose of this report, Emergen Research has segmented the global smart speaker
market on the basis of component, application, intelligent virtual assistant,
end-use, and region:
Component
Outlook (Revenue, USD Billion; 2018-2028)
Hardware
Software
Application
Outlook (Revenue, USD Billion; 2018-2028)
Smart Office
Smart Home
Others
Intelligent
virtual assistant Outlook (Revenue, USD Billion; 2018-2028)
Google Assistant
Alexa
Siri
Cortana
Others
End-use
Outlook (Revenue, USD Billion; 2018-2028)
Commercial
Personal
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The global Smart Speaker
market research is carried out at the different stages of the
business lifecycle from the production of a product, cost, launch, application,
consumption volume and sale. The research offers valuable insights into the
marketplace from the beginning including some sound business plans chalked out
by prominent market leaders to establish a strong foothold and expand their
products into one that's better than others.
In market
segmentation by geographical regions, the report has analysed the following
regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and
Italy)
Asia-Pacific (China, Japan, Korea, India and
Southeast Asia)
South America (Brazil, Argentina, Columbia
etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt,
Nigeria and South Africa)
Key
questions answered in the report
What will be the market size in terms of value and
volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest
growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the
market’s growth?
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Table of
Content
Chapter 1. Methodology & Sources
1.1.
Market Definition
1.2.
Research Scope
1.3.
Methodology
1.4.
Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5.
Market Estimation Technique
Chapter 2. Executive Summary
2.1.
Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Speaker Market Segmentation &
Impact Analysis
4.1. Smart
Speaker Market Material Segmentation Analysis
4.2.
Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Stringent environmental regulations
4.2.2.2. Rising need to reduce bacterial or algal contamination in water
systems
4.2.2.3. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
4.2.3.1. Fluctuating prices of raw material
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3.
Technological Insights
4.4.
Regulatory Framework
4.5.
Porter’s Five Forces Analysis
4.6.
Competitive Metric Space Analysis
4.7.
Price trend Analysis
4.8.
Covid-19 Impact Analysis
Chapter 5. Smart Speaker Market By Application
Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Smart Speaker Market By Product type
Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Smart Speaker Market Regional Outlook
Chapter 8. Competitive Landscape
Continued…
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