Smart Speakers Market Size, Sales, Trends, Growth Drivers, Sales revenue, Opportunities and Forecast to 2022

“Smart Speakers Market”
Smart Speakers Market, By Product Type (Single-Speakers, Double-Speakers, Multi-Speakers), By Connectivity (Wi-Fi Enabled Speakers, Bluetooth Enabled Speakers, NFC Enabled Speakers), By Application (Personal, Commercial) – Forecast 2022

Market Highlights:

The global smart speakers market is poised to reach at market size of USD ~9 billion by end of year 2022 growing with  ~36% of CAGR. Rise in number of smart homes and increasing wireless streaming of audio content, rise in per capita income and high preference for wireless technology are driving the smart speakers market globally.

Smart Speakers is type of speakers which is equipped with advance communication technologies such as Bluetooth, Wi-Fi and NFC and can be operated from any smart device such as smartphone, laptop and tablets. These speakers are similar in nature with a traditional speaker but provide different benefits which traditional speakers are not able to provide

This study provides an overview of the global smart speakers market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global smart speakers market as product type and application. On the basis of product type it is segmented as single-speakers, double-speakers and multi-speakers. On the basis of application it is segmented as personal use and commercial use.

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Major Key Players

Beats Electronics (U.S.),

Bose Corporation (U.S.),

Samsung Electronics Limited (Korea),

Harman (U.S.),

LG Electronics (South Korea),

Altec Lansing (U.S.),

Avnera Corporation (U.S.),

Panasonic (Japan) ,

D&M Holdings, Inc (Japan),Sharp Corporation (Japan) and others

According to Market Research Future Analysis, Smart Speakers Market has been valued at USD 9 billion by the end of forecast period with 36% of CAGR during forecast period 2016 to 2022.

Segmentation:

U.S. accounts for the largest market share, majorly due to increase in number of smart homes, rising disposable income, changing lifestyle and government policies. Also, Asian countries such as Japan and Korea are expected to grow at a fast pace, majorly due to advancement in the IT industry and investments in research & development sector.

For the purpose of this study, Market Research Future has segmented the market of smart speakers into product type, connectivity, application and regions. By product type, the market has been bifurcated into single-speakers, double-speakers and multi-speaker. On the basis of connectivity, the market has been segmented into- Wi-Fi enabled speakers, Bluetooth enabled speakers, NFC enabled speakers among others. On the basis of application, the market includes- personal use and commercial use.

Regional Analysis:

The global smart speakers market is expected to grow significantly. In North America, U.S. is estimated to account for the largest market share majorly due to rise in smart homes, high per capita income, changing lifestyle and technological advancement. Asian countries, especially Japan and Korea are growing at a fast pace majorly due to high demand for consumer electronic products and rise in GDP. The Asian countries are expected to grow fast over the forecast period.

U.S. accounts for the largest market share in North America, majorly due to increase in number of smart homes, rising disposable income, changing lifestyle and government policies. Also, Asian countries such as Japan and Korea are expected to grow at a fast pace, majorly due to advancement in the IT industry and investments in research & development sector.

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Intended Audience:

  • Smart Speakers Manufacturers
  • Smart Speakers Distributors
  • Research/Consultancy firms
  • Vendors from various verticals such as Bose, Harman, Samsung among others
  • OEMs
  • Semiconductor Manufacturers
  • Stakeholders

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