The global smart speaker market is anticipated to grow at a CAGR of 20.2% during the forecast period. This Smart Speaker Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under each industry sector. Future development visions and a wide range of subjects are covered in this Smart Speaker Market study report. All this crucial data greatly assists key players to establish their presence in the competitive market. It verifies and revalidates the knowledge provided in this global Market report. It also allows several organizations to learn more about a range of opportunities already available in the market and makes aware to firms about upcoming opportunities too. It ensures several firms to attain a long-standing business success by capturing all of the latest updates about market growth. Most important participants are able to employ such report as a great resource to attain a competitive advantage over the cut-throat market.
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Among various technology, the Wi-Fi segment held the highest share in 2020 and is also anticipated to grow during the forecast period. The Wi-Fi segment is growing due to the factor such due to increasing use of the internet, the introduction of 4G & LTE technology in various regions, and increasing internet-based music applications. Through Wi-Fi, the individual can stream multiple speakers at once, and unlike Bluetooth, this technology has a longer range up to around 200 feet, although 100 to 150 feet is a more realistic expectation. The various key players such as Sonos, Google, Baidu, among others offer smart speakers with Bluetooth facility as well as wireless facility. The increasing use of the internet across the globe is also rising the demand for Wi-Fi speakers. For instance, as per the ITU estimation, around 51% or 4 billion people across the globe were using the internet in 2019.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Smart Speaker Market by Product
- Single Room Speakers
- Multi-Room Speakers
Global Smart Speaker Market by Technology
- Bluetooth
- Wi-Fi
- Others (DLNA, Airplay, Nera Field Communication (NFC))
Global Smart Speaker Market by Application
- Commercial
- Residential
- Others (Automotive)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Alibaba Group Holding Ltd.
- Altec Lansing/AL Infinity, LLC
- Com, Inc.
- Anker Technology (UK) Ltd,
- Apple Inc.
- Avalon Acoustics
- Baidu, Inc.
- Bose Corp.
- Creative Technology Ltd.
- Edifier International Ltd.
- Google Inc.,
- Harman International Industries, Inc. (JBL)
- Koninklijke Philips N.V.
- LG ElectronicsInc.
- Logitech, Inc.
- Matsushita Electric Industrial Co., Ltd. (Panasonic)
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd.
- Sonos Inc.
- Sony Corp.
- Terratec Electronic GmbH
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart speaker market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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