The Smart Speaker Industry sales study offers a comprehensive analysis on diverse features including production capacities, Smart Speaker demand, product developments, sales revenue generation and Smart Speaker market outlook across the globe.
market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Smart Speaker market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments
The global smart speaker market is valued at US$ 6.4 billion in 2023 and is projected to expand at a CAGR of 32.5% to reach US$ 110 billion by 2033-end. Smart speakers predominantly function as wireless voice-activated gadgets, employing Wi-Fi, Bluetooth, or similar wireless protocols. Typically, these devices are triggered by vocal commands to execute various tasks like online shopping, weather updates, food orders, music playback, news updates, and daily routines.
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The readability score of the Smart Speaker market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Smart Speaker market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Smart Speaker along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Smart Speaker market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.
Key Companies Profiled
• Harman International
• Lenovo
• SK Telecom Co., Ltd.
• Panasonic Corporation
• Alphabet
• Altec Lansing
• Bose Corporation
• LG Electronics
• Samsung
Competitive Landscape
Prominent manufacturers of smart speakers are Amazon, Google, Apple, and Xiaomi. These pivotal stakeholders are dedicated to enhancing current iterations of their offerings, channeling investments into technological progress, and fostering strategic collaborations to solidify their foothold within the market landscape. Vendors are deploying diverse tactics, including strategic partnerships, alliances, mergers and acquisitions, geographical expansion, and the introduction of new products/services, to bolster their market presence.
• In Saudi Arabia, Google debuted its virtual assistant powered by artificial intelligence in December 2021. The Google speaker has been specially modified to comprehend every Saudi dialect and respond in Western Standard Arabic.
• The best-selling manufacturer of speakers and soundbars, Sonos, introduced a new model of smart speakers in February 2023. The speakers, code-named Optimo, rival Apple’s HomePod and other comparable smart speakers from businesses like Google and Amazon.
Key Segments of Smart Speaker Industry Research
• By Component :
o Hardware
o Software
• By Virtual Assistant :
o Siri
o Alexa
o Google
o Cortana
• By Connectivity :
o Wi-Fi
o Bluetooth
• By Application :
o Smart Homes
o Smart Offices
o Consumers
• By Region :
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa
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