Smart Speaker Market Report Analyzes Statistics At The Regional And Country Levels and Forecast 2019-2031
Market Overview
Smart speaker may be a wireless speaker enabled by Bluetooth, Wi-Fi, or other wireless protocols and powered by virtual assistant, which is driven by AI. it's the newest technological innovation dominating the buyer technology market and is activated by a voice command to perform different tasks like taking note of music, ordering food, and online shopping. It also performs other activities, like obtaining weather information, latest news, listing day-to-day activities, and integrating with the smart home appliances. These multiple features provide a foothold to smart speaker market over other substitute technological products and services.
Market Highlights
Smart Speaker Market is expected to project a notable CAGR in 2031
Smart Speaker Market to surpass USD XX.XX billion by 2030 from USD XX.XX billion in 2021 at a CAGR of XX.X% in the coming years, i.e., 2021-31. Alexa is predicted to carry a serious share of the Smart Speaker market during the forecast period
Smart Speaker Market: Segments
Amazon Alexa segment to grow with the highest CAGR during 2021-31
Smart Speaker market is segmented by Intelligent Virtual Assistant into Amazon Alexa, Google Assistant, Siri, Cortana, and Others. The Amazon Alexa segment had the largest market share in 2020. Amazon launched the Alexa IVA smart speaker Echo in 2014. Since then, the platform is employed in Amazon’s Echo device series and smart speakers offered by most companies.
Personal segment to grow with the highest CAGR during 2021-31
Smart Speaker market is segmented by End-User into Personal and Commercial. The Personal segment is augmenting the growth of the Smart Speaker market.
Smart Speaker Market: Key Players
Apple
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Fitbit
Garmin
Lenovo
Samsung Electronics
Xiaomi
Adidas
Amiigo
AsusTek Computer
Atlas Wearables
Other Prominent Players
Smart Speaker Market: Regions
Smart Speaker Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North American countries like the US, Canada, and Mexico are receptive to products enabled with advanced technologies. The penetration of smart speakers in North American countries, especially within the US, is high due to the presence of early adopters and key smart speaker providers.
Segmentation
By Intelligent Virtual Assistant
Amazon Alexa
Google Assistant
Siri
Cortana
Others
By End-User
Personal
Commercial
By Distribution Channel
Online
Offline
By Price
Low (Less than 100)
Mid ($101 to $200)
Premium (Above $200)
Smart Speaker Market Dynamics
Smart Speaker Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Smart speaker may be a wireless speaker enabled by Bluetooth, Wi-Fi, or other wireless protocols and powered by virtual assistant, which is driven by AI. it's the newest technological innovation dominating the buyer technology market and is activated by a voice command to perform different tasks like taking note of music, ordering food, and online shopping. It also performs other activities, like obtaining weather information, latest news, listing day-to-day activities, and integrating with the smart home appliances. These multiple features provide a foothold to smart speaker market over other substitute technological products and services.
Market Highlights
Smart Speaker Market is expected to project a notable CAGR in 2031
Smart Speaker Market to surpass USD XX.XX billion by 2030 from USD XX.XX billion in 2021 at a CAGR of XX.X% in the coming years, i.e., 2021-31. Alexa is predicted to carry a serious share of the Smart Speaker market during the forecast period
Smart Speaker Market: Segments
Amazon Alexa segment to grow with the highest CAGR during 2021-31
Smart Speaker market is segmented by Intelligent Virtual Assistant into Amazon Alexa, Google Assistant, Siri, Cortana, and Others. The Amazon Alexa segment had the largest market share in 2020. Amazon launched the Alexa IVA smart speaker Echo in 2014. Since then, the platform is employed in Amazon’s Echo device series and smart speakers offered by most companies.
Personal segment to grow with the highest CAGR during 2021-31
Smart Speaker market is segmented by End-User into Personal and Commercial. The Personal segment is augmenting the growth of the Smart Speaker market.
Smart Speaker Market: Key Players
Apple
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Fitbit
Garmin
Lenovo
Samsung Electronics
Xiaomi
Adidas
Amiigo
AsusTek Computer
Atlas Wearables
Other Prominent Players
Smart Speaker Market: Regions
Smart Speaker Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North American countries like the US, Canada, and Mexico are receptive to products enabled with advanced technologies. The penetration of smart speakers in North American countries, especially within the US, is high due to the presence of early adopters and key smart speaker providers.
Segmentation
By Intelligent Virtual Assistant
Amazon Alexa
Google Assistant
Siri
Cortana
Others
By End-User
Personal
Commercial
By Distribution Channel
Online
Offline
By Price
Low (Less than 100)
Mid ($101 to $200)
Premium (Above $200)
Smart Speaker Market Dynamics
Smart Speaker Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. SMART SPEAKER MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. SMART SPEAKER MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. SMART SPEAKER MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. SMART SPEAKER MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Intelligent Virtual Assistant: Market Share (2020-2030F)
12.2.1. Amazon Alexa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Google Assistant, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Siri, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Cortana, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By End-User: Market Share (2020-2030F)
12.3.1. Personal, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Commercial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Distribution Channel: Market Share (2020-2030F)
12.4.1. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Offline, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By Price: Market Share (2020-2030F)
12.5.1. Low (Less than 100), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Mid ($101 to $200), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.3. Premium (Above $200), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. Apple
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Fitbit
13.3. Garmin
13.4. Lenovo
13.5. Samsung Electronics
13.6. Xiaomi
13.7. Adidas
13.8. Amiigo
13.9. AsusTek Computer
13.10. Atlas Wearables
13.11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. SMART SPEAKER MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. SMART SPEAKER MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. SMART SPEAKER MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. SMART SPEAKER MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Intelligent Virtual Assistant: Market Share (2020-2030F)
12.2.1. Amazon Alexa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Google Assistant, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Siri, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Cortana, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By End-User: Market Share (2020-2030F)
12.3.1. Personal, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Commercial, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Distribution Channel: Market Share (2020-2030F)
12.4.1. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Offline, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By Price: Market Share (2020-2030F)
12.5.1. Low (Less than 100), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Mid ($101 to $200), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.3. Premium (Above $200), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. Apple
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Fitbit
13.3. Garmin
13.4. Lenovo
13.5. Samsung Electronics
13.6. Xiaomi
13.7. Adidas
13.8. Amiigo
13.9. AsusTek Computer
13.10. Atlas Wearables
13.11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
