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Global Smart Speaker Market 2017-2021

Published: Aug, 2017 | Pages: 81 | Publisher: Technavio
Industry: Media | Report Format: Electronic (PDF)

Global Smart Speaker Market is estimated to grow at a substantial CAGR of 24.02% during the period 2017-2021 as the scope, product types, and its applications are increasing across the globe. Smart Speaker implies a type of voice command device and wireless speaker with joint virtual associate (artificial intelligence) that offers collaborative activities and handsfree initiation with the help of one "hot word". 

The factors that propel the growth of the Smart Speaker Market include growing number of smart homes, rapid production of multifunctional devices, rising disposable income, rising trend of personalization, rising per capita income, changing lifestyle, and the inclination of smart home holders to comfortable entertaining organizations. On the other hand, there are factors that may hamper the growth of the market including availability of alternatives. 

Smart Speaker Market may be explored by intelligent virtual assistance, applications, and geography. Smart Speaker Market may be explored by intelligent virtual assistance as Google Assistant, Alexa, Siri, Cortana, and Others. Smart Speaker Market could be explored based on applications as Consumer, Smart Home, Smart Office, and Others. Smart Speaker Market could be explored based on by component as Hardware, Software. 

Smart Speaker Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America accounted for the major share of the Smart Speaker Market Size in 2017 and will continue to lead in the forecast period owing to major adopter of modern skills and consumer electronics. 

The key players contributing in the robust growth of the Smart Speaker Market comprise Harman International, Amazon, Apple, Alphabet, Sonos, Bose, Onkyo, Sony, Panasonic, Pioneer, Alibaba, Lenovo, Libratone, Altec Lansing, Xiaomi, Baidu, SK Telecom, Ultimate Ears, Mobvoi, and LG Electronics. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

About Smart Speaker

Speaker refers to an audio system that converts electromagnetic waves into sound waves. Bluetooth speakers are wireless portable audio devices that receive an audio signal over radio frequency instead of audio cables. For ideal exchange of data, the receiver should be within the defined range of wireless transfer capability of the speaker. 

The growing Bluetooth speaker market is driven by the following types of devices: AC-only Bluetooth speakers, DC-only Bluetooth speakers, and AC/DC Bluetooth speakers. Efficient wireless streaming of audio content within 30-32 feet and an increase in popularity of multi-room streaming are some of the major factors driving the growth of the Bluetooth speaker market. The rising use of music streaming services such as Pandora, Spotify, iTunes, and Deezer has further accelerated the adoption rate of Bluetooth speakers worldwide.

Technavio's analysts forecast the global smart speaker market to grow at a CAGR of 24.02% during the period 2017-2021.

Covered in this report 
The report covers the present scenario and the growth prospects of the global smart speaker market for 2017-2021. To calculate the market size, the report considers the revenue generated from shipments/sales/volume/value and exclude new installations/ replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Technavio's report, Global Smart Speaker Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
• Amazon.com
• Apple
• Google
• Harman International
• Sony

Other prominent vendors
• FABRIQ
• Invoxia
• Lenovo
• LG Electronics
• Onkyo
• Sonos

Market driver
• Increase in number of smart homes
• For a full, detailed list, view our report 

Market challenge 
• Availability of substitutes
• For a full, detailed list, view our report 

Market trend  
• Development of deep-learning technology
• For a full, detailed list, view our report 

Key questions answered in this report 
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors? 

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
 Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
• Market outline

PART 05: Market landscape
• Market overview
• Global smart speaker market
• Five forces analysis

PART 06: Market segmentation by application
• Global smart speaker market by application
• Global smart speaker market by personal use
• Global smart speaker market by commercial use

PART 07: Market segmentation by distribution channel
• Global smart speaker market by distribution channel
• Global smart speaker market by offline platform
• Global smart speaker market by online platform

PART 08: Buying criteria
• Buying criteria

PART 09: Geographical segmentation
• Global smart speaker market by geography
• Smart speaker market in Americas
• Smart speaker market in EMEA
• Smart speaker market in APAC

PART 10: Key leading countries
• Key leading countries in global smart speaker market
• US
• China
• Japan

PART 11: Decision framework

PART 12: Drivers and challenges
• Market drivers
• Market challenges

PART 13: Market trends

PART 14: Vendor landscape
• Competitive scenario
• Key leading vendors
• Other prominent vendors

PART 15: Appendix
• List of abbreviations

List of Exhibits

Exhibit 01: Overview of global smart speaker market
Exhibit 02: Global smart speaker market 2016-2021 ($ billions)
Exhibit 03: Global smart speaker market 2016-2021 (millions of units)
Exhibit 04: Five forces analysis
Exhibit 05: Global smart speaker market by application 2016-2021 (% revenue)
Exhibit 06: CAGR comparison of global smart speaker market by application 2016-2021 (%)
Exhibit 07: Global smart speaker market by personal use 2016-2021 ($ billions)
Exhibit 08: Global smart speaker market by commercial use 2016-2021 ($ billions)
Exhibit 09: Global smart speaker market by distribution channel 2016-2021 (% revenue)
Exhibit 10: CAGR comparison of global smart speaker market by distribution channel 2016-2021 (%)
Exhibit 11: Global smart speaker market by offline platform 2016-2021 ($ billions)
Exhibit 12: Global smart speaker market by online platform 2016-2021 ($ billions)
Exhibit 13: Buying criteria of smart speakers
Exhibit 14: Global smart speaker market by geography 2016-2021 (% revenue)
Exhibit 15: Global smart speaker market by geography 2016-2021 (by shipment)
Exhibit 16: Revenue comparison of global smart speaker market by geography 2016-2021 ($ billions)
Exhibit 17: Revenue comparison of global smart speaker market by geography 2016-2021 (millions of units)
Exhibit 18: CAGR comparison of global smart speaker market by geography 2016-2021 (by revenue)
Exhibit 19: CAGR comparison of global smart speaker market by geography 2016-2021 (by shipment)
Exhibit 20: Smart speaker market in Americas 2016-2021 ($ billions)
Exhibit 21: Smart speaker market in Americas 2016-2021 (millions of units)
Exhibit 22: Smart speaker market in EMEA 2016-2021 ($ billions)
Exhibit 23: Smart speaker market in EMEA 2016-2021 (millions of units)
Exhibit 24: Smart speaker market in APAC 2016-2021 ($ billions)
Exhibit 25: Smart speaker market in APAC 2016-2021 (millions of units)
Exhibit 26: Key leading countries in global smart speaker market 2016 (% revenue)
Exhibit 27: Smart speaker market in US 2016-2021 ($ billions)
Exhibit 28: Smart speaker market in China 2016-2021 ($ billions)
Exhibit 29: Smart speaker market in Japan 2016-2021 ($ billions)
Exhibit 30: Evolution of Bluetooth technology
Exhibit 31: Harman International: Business segmentation
Exhibit 32: Sony: Business segmentation
Exhibit 33: Other prominent vendors

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