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. Growing trend of smart homes has led to a significant increase in the demand for smart speakers and other connected devices. Today, a wide range of house appliances, electronic devices, and systems are available in the market that can be accessed and controlled remotely via connected devices and smartphones. In addition, smart home designers have actively collaborated with smart speaker manufacturers for the seamless integration of smart speakers in smart home automation systems and this trend is expected to continue going ahead.
The research methodologies used for evaluating the smart speaker market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility. The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Key companies operating in the Smart Speaker 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.
The Global Smart Speaker Report is a panoramic study of the overall Smart Speaker market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Smart Speaker market. The report provides a detailed analysis of the key factors of the Smart Speaker market that are expected to have a positive impact on the growth of the Smart Speaker industry.
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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)
Application Outlook (Revenue, USD Billion; 2018-2028)
- Smart Office
- Smart Home
Intelligent virtual assistant Outlook (Revenue, USD Billion; 2018-2028)
- Google Assistant
End-use Outlook (Revenue, USD Billion; 2018-2028)
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
U.K., Italy, Germany, France, Rest of EU
- Asia Pacific
India, Japan, China, South Korea, Australia. Rest of APAC
- Latin America
Chile, Brazil, Argentina, Rest of Latin America
- Middle East Africa
Saudi Arabia, U.A.E., South Africa, Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Smart Speaker industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Smart Speaker?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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