The global smart speaker market is anticipated to grow at a CAGR of 20.2% during the forecast period. The major factors that are driving the growth of the market include the increasing trend of wireless connectivity and devices, growing demand for smart speaker display, increasing number of smart homes, and rising IoT demand. Various companies such as Google, Amazon, Apple, and Baidu have introduced a wide range of products, which provides different choices to the end-user. The number of smart electronic devices by the major players is keeping users connected to the internet and the network of connected devices in addition to smartphones. The features of these devices include social networking applications, gaming, weather information, e-book readers, music players, digital camera, and GPS navigation.
Besides, the factors that are augmenting the growth of the market include increasing disposable income of people all across the globe, technological advancement, and new product development by major players are further expected to drive the growth of the market. The factor that is restraining the growth of the market includes the concern relates to the connectivity and range of smart speakers.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2023
- Forecast period- 2023-2030
- Segment Covered-
- By Product
- By Technology
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Google Inc., Baidu, Inc., Apple, Inc., Sonos Inc., LG Electronics USA Inc., Harman international industries Inc., (JBL), among others
Smart Speakers Market Report Segment
By Product
- Single Room Speakers
- Multi-Room Speakers
By Technology
- Bluetooth
- Wi-Fi
- Others (DLNA, Airplay, Nera Field Communication (NFC))
By Application
- Commercial
- Residential
- Others (Automotive)
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Smart Speakers Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
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
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