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Smart Speakers Market Global Report 2020-30: Covid 19 Growth and Change

Starting Price : $ 4000.00 | Pages : 150 | Published : May 2020 | SKU CODE : 7437 | Format :


The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing,  producing artificial intelligence assisted speakers which are activated with one `hot word` using voice recognition systems to perform wide range of wireless activities.

The global smart speakers market is expected to grow from $5.5 billion in 2019 and to $5.7 billion in 2020 at a growth rate of 3%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $11 billion in 2023 at CAGR of 24.5%.

North America was the largest region in the smart speakers market in 2019. Asia Pacific was the second largest region in the smart speakers market in 2019.

With increasing consumer preference for technologically advanced products there is a rise in penetration of smartphones and smart devices. The enhanced personal use of smart devices points at integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2019 from 114 million units in 2018 and is expected to reach 325 million by 2020. In 2019, Amazon could integrate LIDAR technology into Amazon Echo through which it will be able to recognize hand gestures, type of food, and even the clothes being worn. In India, in 2019 the total number of smartphones users are 502.2 million which increased from 2017 which was 468 million users and the smartphones market is expected to gain 859 million users by 2022. Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market.

Apart from increasing consumer preference for smart speakers the major drawback that’s concerning the market is the data privacy and security. These devices have access to the personal information stored in Gmail like contact details, bank details, login credentials which raise security issues. The devices of a smart home have access to sensitive data like videos, photos, personal information which can be accessed and operated from anywhere. In 2019, a survey conducted in US states that smart speaker non-users are more concerned about data and privacy reasons like hacking risk (63%), smart speakers are always listening (55%) and monitoring by government (40%) when compared with 2017 which were 41%, 36% and 34% respectively. When compared with smart speaker users, they also agreed with the above data and privacy issues similarly. These issues may hinder the market growth if appropriate development in security concerns are not addressed.

Virtual assistant devices are powered by artificial intelligence which offer ultimate luxury to the owner. They keep on listening to the command, analyze the needs and performs the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high quality virtual surround sound and exhibits features like setting timer, managing calendar events and more. Google assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account. In 2019, a survey states that Amazon Alexa/Echo dominates the US market with 70% market share followed by Google home with 25% and Apple HomePod with 5% which was largely because of the high sales of entry-level devices like Google Home Mini and Amazon Echo Dot with reasonable price. The proliferation of virtual assistance is, in turn, driving the smart speaker market.

In November 2019, Sonos a US-based leading sound experience brand which allows it`s customers to listen better by giving access to their favourite content by controlling as they wish announced the acquisition of Snips for $37.5 million. The deal will benefit Sonos by improving the voice experience of Sonos with the addition of Intellectual Property of Snips and benefit Snips by taking it`s France technologies to international customers. Snips is a US-based private-by-design voice technology company which uses artificial intelligence integrated in connected devices.

Major players in the market are Amazon, Inc., Apple, Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, ONKYO CORPORATION, Panasonic Corporation

The companies covered are Amazon, Inc.; Apple, Inc.; Xiaomi; Alibaba Group Holding Limited; Sonos. Inc.; Harman International; Bose Corporation; Sony Corporation; ONKYO CORPORATION; Panasonic Corporation; Alphabet Inc. (Google Inc.); Baidu Inc.; Plantronics, Inc. (Altec Lansing/AL Infinity, LLC); Pioneer; SK Telecom; Lenovo; Samsung Electronics Co. Ltd.; Avnera Corporation; Fabriq; Invoxia; LG Electronics; Libratone; Mobvoi; Mojo; Ultimate Ears

Countries covered are Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

1) By Intelligent Virtual Assistant: Amazon Alexa; Google Assistant; Siri; Cortana; Others 2) By Application: Smart Home; Smart Office; Consumer; Others 3) By End User: Personal; Commercial 4) By Distribution Channel: Online; Offline

    1. Executive Summary

    2. Smart Speakers Market Characteristics

    3. Smart Speakers Market Size And Growth

    3.1. Global Smart Speakers Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Smart Speakers Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Smart Speakers Market Segmentation

    4.1. Global Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Amazon Alexa

    Google Assistant

    Siri

    Cortana

    Others

    4.2. Global Smart Speakers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Smart Home

    Smart Office

    Consumer

    Others

    4.3. Global Smart Speakers Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Personal

    Commercial

    4.4. Global Smart Speakers Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Online

    Offline

    5. Smart Speakers Market Regional And Country Analysis

    5.1. Global Smart Speakers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Smart Speakers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Smart Speakers Market  

    6.1. Asia-Pacific Smart Speakers Market Overview  

    6.2. Asia-Pacific Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Smart Speakers Market  

    7.1. China Smart Speakers Market Overview  

    7.2. China Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Smart Speakers Market  

    8.1. India Smart Speakers Market Overview  

    8.2. India Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Smart Speakers Market  

    9.1. Japan Smart Speakers Market Overview  

    9.2. Japan Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Smart Speakers Market  

    10.1. Australia Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Smart Speakers Market  

    11.1. Indonesia Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Smart Speakers Market  

    12.1. South Korea Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Smart Speakers Market  

    13.1. Western Europe Smart Speakers Market Overview

    13.2. Western Europe Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Smart Speakers Market  

    14.1. UK Smart Speakers Market Overview

    14.2. UK Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Smart Speakers Market  

    15.1. Germany Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Smart Speakers Market  

    16.3. France Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Smart Speakers Market  

    17.1. Eastern Europe Smart Speakers Market Overview

    17.2. Eastern Europe Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Smart Speakers Market  

    18.1. Russia Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Smart Speakers Market  

    19.1. North America Smart Speakers Market Overview

    19.2. North America Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Smart Speakers Market  

    20.1. USA Smart Speakers Market Overview

    20.2. USA Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Smart Speakers Market  

    21.1. South America Smart Speakers Market Overview

    21.2. South America Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Smart Speakers Market  

    22.1. Brazil Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Smart Speakers Market  

    23.1. Middle East Smart Speakers Market Overview

    23.2. Middle East Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Smart Speakers Market  

    24.1. Africa Smart Speakers Market Overview

    24.2. Africa Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Smart Speakers Market Competitive Landscape And Company Profiles

    25.1. Smart Speakers Market Competitive Landscape

    25.2. Smart Speakers Market Company Profiles

    25.2.1. Amazon, Inc.

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Apple, Inc.

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Xiaomi

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Alibaba Group Holding Limited

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Sonos. Inc.

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Smart Speakers Market

    27. Smart Speakers Market Trends And Strategies

    28. Smart Speakers Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Smart Speakers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Smart Speakers Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Smart Speakers Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Global Smart Speakers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: Global Smart Speakers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: Asia-Pacific, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: China, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: India, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Japan, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Australia, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Indonesia, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: South Korea, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Western Europe, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: UK, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Germany, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: France, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: Eastern Europe, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: Russia, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: North America, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: USA, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: South America, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Brazil, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Middle East, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 27: Africa, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 28: Amazon, Inc. Financial Performance
  • Table 29: Apple, Inc. Financial Performance
  • Table 30: Xiaomi Financial Performance
  • Table 31: Alibaba Group Holding Limited Financial Performance
  • Table 32: Sonos. Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Smart Speakers Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Smart Speakers Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Smart Speakers Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Global Smart Speakers Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: Global Smart Speakers Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: Asia-Pacific, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: China, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: India, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Japan, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Australia, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Indonesia, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: South Korea, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Western Europe, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: UK, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Germany, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: France, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: Eastern Europe, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: Russia, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: North America, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: USA, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: South America, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Brazil, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Middle East, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 27: Africa, Smart Speakers Market, Segmentation By Intelligent Virtual Assistant, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 28: Amazon, Inc. Financial Performance
  • Figure 29: Apple, Inc. Financial Performance
  • Figure 30: Xiaomi Financial Performance
  • Figure 31: Alibaba Group Holding Limited Financial Performance
  • Figure 32: Sonos. Inc. Financial Performance
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