The global smart speaker market was valued at USD 8 billion in 2022 and grew at a CAGR of 20% from 2023 to 2032. The market is expected to reach USD 49.53 billion by 2032. Increasing demand for smart home appliances will drive the growth of the global smart speaker market.
Speakers produce sound. They convert the electrical energy to sound energy. While most speakers are primarily connected to computers, nowadays, they can also be connected to other devices, including smartphones and smart TVs. A speaker can be distinguished based on its Sound pressure level, frequency response, nominal input power, speaker size, and weight, among other things. The primary goal of speakers' is to provide audio output for the listener. They transform electromagnetic waves into sound waves. Speakers are used in voice communication applications in the automotive, security, entertainment, aircraft, and telephone industries. They are also utilized in consumer electronics, public speech systems, and headphones. A conventional smart speaker with an integrated virtual assistant allows hands-free activation and control through voice commands. They are easy to use and highly convenient as they allow users to locate music or entertainment material with just a voice command. It saves timing which would be wasted in browsing. Smart speakers also offer other functions besides locating entertainment. They can remind the user of tasks they asked the voice assistant to remember. They can answer any question straight from the web without opening the browser or googling it. Additionally, smart speakers can be connected to other smart devices in the house and controlled through voice commands. For instance, the temperature and lighting of the house can be controlled through smart speakers that are integrated with the home thermostats and lightbulbs and have access to their controls. They can also be connected to personal smartphones, allowing users to manage calls, set alarms etc.
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1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Intelligent Virtual Assistant
4.3.2. Market Attractiveness Analysis by Component
4.3.3. Market Attractiveness Analysis by Application
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing demand for smart home appliances
5.3. Restraints
5.3.1. The infrastructural inadequacies
5.4. Opportunities
5.4.1. The development of new features
5.5. Challenges
5.5.1. The rising concerns over privacy invasion
6. Global Smart Speaker Market Analysis and Forecast, By Intelligent Virtual Assistant
6.1. Segment Overview
6.2. Alexa
6.3. Siri
6.4. AliGenie
6.5. Google Assistant
6.6. DuerOS
6.7. Xiao AI
6.8. Others
7. Global Smart Speaker Market Analysis and Forecast, By Component
7.1. Segment Overview
7.2. Hardware
7.3. Software
8. Global Smart Speaker Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Residential
8.3. Commercial
9. Global Smart Speaker Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Smart Speaker Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Smart Speaker Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Alphabet
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Amazon Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Apple Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Baidu, Inc
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Bose Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Harman International
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Lenovo
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Panasonic Corporation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Sonos, Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Sony Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
2. Global Alexa Smart Speaker Market, By Region, 2019-2032 (USD Billion)
3. Global Siri Smart Speaker Market, By Region, 2019-2032 (USD Billion)
4. Global AliGenie Smart Speaker Market, By Region, 2019-2032 (USD Billion)
5. Global Google Assistant Smart Speaker Market, By Region, 2019-2032 (USD Billion)
6. Global DuerOS Smart Speaker Market, By Region, 2019-2032 (USD Billion)
7. Global Xiao AI Smart Speaker Market, By Region, 2019-2032 (USD Billion)
8. Global Others Smart Speaker Market, By Region, 2019-2032 (USD Billion)
9. Global Smart Speaker Market, By Component, 2019-2032 (USD Billion)
10. Global Hardware Smart Speaker Market, By Region, 2019-2032 (USD Billion)
11. Global Software Smart Speaker Market, By Region, 2019-2032 (USD Billion)
12. Global Smart Speaker Market, By Application, 2019-2032 (USD Billion)
13. Global Residential Smart Speaker Market, By Region, 2019-2032 (USD Billion)
14. Global Commercial Smart Speaker Market, By Region, 2019-2032 (USD Billion)
15. Global Smart Speaker Market, By Region, 2019-2032 (USD Billion)
16. North America Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
17. North America Smart Speaker Market, By Component, 2019-2032 (USD Billion)
18. North America Smart Speaker Market, By Application, 2019-2032 (USD Billion)
19. U.S. Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
20. U.S. Smart Speaker Market, By Component, 2019-2032 (USD Billion)
21. U.S. Smart Speaker Market, By Application, 2019-2032 (USD Billion)
22. Canada Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
23. Canada Smart Speaker Market, By Component, 2019-2032 (USD Billion)
24. Canada Smart Speaker Market, By Application, 2019-2032 (USD Billion)
25. Mexico Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
26. Mexico Smart Speaker Market, By Component, 2019-2032 (USD Billion)
27. Mexico Smart Speaker Market, By Application, 2019-2032 (USD Billion)
28. Europe Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
29. Europe Smart Speaker Market, By Component, 2019-2032 (USD Billion)
30. Europe Smart Speaker Market, By Application, 2019-2032 (USD Billion)
31. Germany Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
32. Germany Smart Speaker Market, By Component, 2019-2032 (USD Billion)
33. Germany Smart Speaker Market, By Application, 2019-2032 (USD Billion)
34. France Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
35. France Smart Speaker Market, By Component, 2019-2032 (USD Billion)
36. France Smart Speaker Market, By Application, 2019-2032 (USD Billion)
37. U.K. Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
38. U.K. Smart Speaker Market, By Component, 2019-2032 (USD Billion)
39. U.K. Smart Speaker Market, By Application, 2019-2032 (USD Billion)
40. Italy Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
41. Italy Smart Speaker Market, By Component, 2019-2032 (USD Billion)
42. Italy Smart Speaker Market, By Application, 2019-2032 (USD Billion)
43. Spain Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
44. Spain Smart Speaker Market, By Component, 2019-2032 (USD Billion)
45. Spain Smart Speaker Market, By Application, 2019-2032 (USD Billion)
46. Asia Pacific Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
47. Asia Pacific Smart Speaker Market, By Component, 2019-2032 (USD Billion)
48. Asia Pacific Smart Speaker Market, By Application, 2019-2032 (USD Billion)
49. Japan Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
50. Japan Smart Speaker Market, By Component, 2019-2032 (USD Billion)
51. Japan Smart Speaker Market, By Application, 2019-2032 (USD Billion)
52. China Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
53. China Smart Speaker Market, By Component, 2019-2032 (USD Billion)
54. China Smart Speaker Market, By Application, 2019-2032 (USD Billion)
55. India Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
56. India Smart Speaker Market, By Component, 2019-2032 (USD Billion)
57. India Smart Speaker Market, By Application, 2019-2032 (USD Billion)
58. South America Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
59. South America Smart Speaker Market, By Component, 2019-2032 (USD Billion)
60. South America Smart Speaker Market, By Application, 2019-2032 (USD Billion)
61. Brazil Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
62. Brazil Smart Speaker Market, By Component, 2019-2032 (USD Billion)
63. Brazil Smart Speaker Market, By Application, 2019-2032 (USD Billion)
64. Middle East and Africa Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
65. Middle East and Africa Smart Speaker Market, By Component, 2019-2032 (USD Billion)
66. Middle East and Africa Smart Speaker Market, By Application, 2019-2032 (USD Billion)
67. UAE Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
68. UAE Smart Speaker Market, By Component, 2019-2032 (USD Billion)
69. UAE Smart Speaker Market, By Application, 2019-2032 (USD Billion)
70. South Africa Smart Speaker Market, By Intelligent Virtual Assistant, 2019-2032 (USD Billion)
71. South Africa Smart Speaker Market, By Component, 2019-2032 (USD Billion)
72. South Africa Smart Speaker Market, By Application, 2019-2032 (USD Billion)
List of Figures
1. Global Smart Speaker Market Segmentation
2. Smart Speaker Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Smart Speaker Market Attractiveness Analysis by Intelligent Virtual Assistant
9. Global Smart Speaker Market Attractiveness Analysis by Component
10. Global Smart Speaker Market Attractiveness Analysis by Application
11. Global Smart Speaker Market Attractiveness Analysis by Region
12. Global Smart Speaker Market: Dynamics
13. Global Smart Speaker Market Share by Intelligent Virtual Assistant (2022 & 2032)
14. Global Smart Speaker Market Share by Component (2022 & 2032)
15. Global Smart Speaker Market Share by Application (2022 & 2032)
16. Global Smart Speaker Market Share by Regions (2022 & 2032)
17. Global Smart Speaker Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global smart speaker market based on below mentioned segments:
Global Smart Speaker Market by Intelligent Virtual Assistant:
Global Smart Speaker Market by Component:
Global Smart Speaker Market by Application:
Global Smart Speaker Market by Region:
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