The global Smart Speaker market was valued at US$ 11290 million in 2022 and is projected to reach US$ 17110 million by 2029, at a CAGR of 6.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Smart Speaker market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Smart Speaker market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Smart Speaker market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
A smart speaker is a type of loudspeaker and voice command device with an integrated virtual assistant that offers interactive actions and hands-free activation with the help of one "hot word" (or several "hot words"). Some smart speakers can also act as a smart device that utilizes Wi-Fi, Bluetooth and other protocol standards to extend usage beyond audio playback, such as to control home automation devices. This can include, but is not limited to, features such as compatibility across a number of services and platforms, peer-to-peer connection through mesh networking, virtual assistants, and others. Each can have its own designated interface and features in-house, usually launched or controlled via application or home automation software. Some smart speakers also include a screen to show the user a visual response.
A smart speaker with a touchscreen is known as a smart display. It is a smart Bluetooth device that integrates conversational user interface with display screens to augment voice interaction with images and video. They are powered by one of the common voice assistants and offer controls for smart home devices, feature streaming apps and web browsers with touch controls for selecting content.
This report aims to provide a comprehensive presentation of the global market for Smart Speaker, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Speaker. This report contains market size and forecasts of Smart Speaker in global, including the following market information:
- Global Smart Speaker Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Smart Speaker Market Sales, 2018-2023, 2024-2029, (K Units)
- Global top five Smart Speaker companies in 2022 (%)
Amazon is the largest manufacturer of smart speakers in the world, has a market share of over 24%. Other key players include Google, Alibaba, Xiaomi and Apple, etc. Geographically speaking, North America and Asia-Pacific is the largest market, has a market share of over 70%. In terms of type, without displays is most popular and has a market share of about 70%. In terms of application, online sales is the dominant field and accounts for about 70% market share.
We surveyed the Smart Speaker manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Speaker Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Speaker Market Segment Percentages, by Type, 2022 (%)
- Bluetooth Connection
- Wireless Connection
Global Smart Speaker Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Speaker Market Segment Percentages, by Application, 2022 (%)
- Online Sales
- Offline Retail
Global Smart Speaker Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Speaker Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Smart Speaker revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Smart Speaker revenues share in global market, 2022 (%)
- Key companies Smart Speaker sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Smart Speaker sales share in global market, 2022 (%)
key players include:
- Amazon.com
- Apple
- Google
- Bose Corporation
- Harman
- LG Electronics
- Altec Lansing
- Avnera Corporation
- Panasonic
- D&M Holdings
- Sharp Corporation
- Logitech International
- Sonos
- Sony Corporation
- SK Telecom
- Baidu
- Xiaomi
- Alibaba
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Speaker, market overview.
Chapter 2: Global Smart Speaker market size in revenue and volume.
Chapter 3: Detailed analysis of Smart Speaker manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Speaker in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Smart Speaker capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
