Market Overview:
The global smart and networked speaker market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart and networked speakers from various applications such as security systems, lighting, thermostats, and kitchen appliances. In addition, the growing demand for voice-activated assistants is also contributing to the growth of this market. Regionally, North America is expected to hold the largest share of the global smart and networked speaker market in 2018. This region is witnessing a high adoption rate of these speakers due to rising awareness about their benefits among consumers.
Product Definition:
A Smart and Networked Speaker is a device that can connect to the internet and play music or other audio content. It can also be used to control other devices in the home, such as lights or thermostats. The importance of a Smart and Networked Speaker is that it allows users to control various devices in their home using voice commands. This can make it easier for users to interact with their home environment and perform tasks such as turning on the lights or adjusting the thermostat.
Bluetooth:
Bluetooth is a wireless technology used for connecting electronic devices, most notably audio devices to an available wireless network. It allows the transfer of audio data from a device, such as a smartphone or tablet to any compatible Bluetooth-enabled speaker. The technology has been around in various forms for over 20 years; however, only recently has it gained widespread commercial importance.
The growth factor in this market is increasing adoption of Bluetooth speakers among consumers and manufacturers are looking at ways to improve their connectivity.
Wi-Fi:
Wi-Fi is a wireless technology used in mobile devices, computers, and network infrastructure that enables the connection of multiple devices with internet access to one another as well as to the internet. It provides various benefits such as increased data transfer speed and ease of use. Wi-Fi has become an integral part of our daily lives; it helps us stay connected not only within the home but also outside (in public places).
Application Insights:
The smart lighting segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing adoption of smart LED and fluorescent lightings as well as connected sound systems with music, which are controlled through smartphone apps. Moreover, integration of artificial intelligence into speakers is expected to drive their demand over the forecast period. For instance, Amazon¢â‚¬â„¢s Echo Auto includes a feature called ¢â‚¬Ëœsmart assistant¢â‚¬ that enables users to control compatible home appliances using voice commands.
The security systems segment is anticipated register notable growth during the forecast period owing to rising concerns about burglaries and thefts across households globally. In addition, growing awareness about safety among consumers regarding protecting homes and families from intruders is expected fuel product demand over the next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing smart home penetration, growing adoption of IoT devices and rising demand for multi-room audio systems in countries such as the U.S., Canada, and Mexico. Europe is also estimated to witness significant growth over the coming years owing to increased spending on connected devices and smart homes across Germany, France, Italy, Spain, U.K.
The Asia Pacific region accounted for a revenue share of more than 25% in 2017 owing to high internet penetration rates (99th percentile) coupled with an increasing number of smartphone users (quadruple digit millions).
Growth Factors:
- Increasing demand for voice-activated speakers: The global market for smart and networked speakers is expected to grow at a CAGR of more than 28% during the forecast period. This is mainly due to the increasing demand for voice-activated speakers, which are easy to use and provide a hands-free experience.
- Proliferation of digital assistants: Digital assistants such as Amazon's Alexa, Apple's Siri, and Google Assistant are becoming increasingly popular with consumers and are driving the growth of the smart speaker market. These assistants can be used to control various devices in homes using voice commands, making them more convenient than traditional remotes or buttons.
- Growing popularity of streaming music services: Streaming music services such as Spotify and Apple Music have become very popular in recent years, with over 100 million subscribers worldwide . This has led to an increase in demand for smart speakers that can be used to stream music from these services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart and Networked Speaker Market Research Report
By Type
Bluetooth, Wi-Fi, NFC, Others
By Application
Smart Lighting, Security Systems, Smart Kitchen Appliances, Thermostat, Other
By Companies
Altec Lansing, Amazon, Apple, Bose, Devialet, Google, Harman International Industries, Incorporated, Koninklijke Philips, Sonos, Sony
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Smart and Networked Speaker Market Report Segments:
The global Smart and Networked Speaker market is segmented on the basis of:
Types
Bluetooth, Wi-Fi, NFC, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Lighting, Security Systems, Smart Kitchen Appliances, Thermostat, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Altec Lansing
- Amazon
- Apple
- Bose
- Devialet
- Google
- Harman International Industries
- Incorporated
- Koninklijke Philips
- Sonos
- Sony
Highlights of The Smart and Networked Speaker Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bluetooth
- Wi-Fi
- NFC
- Others
- By Application:
- Smart Lighting
- Security Systems
- Smart Kitchen Appliances
- Thermostat
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart and Networked Speaker Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart and Networked Speaker is a speaker that can connect to the internet and other devices. This allows the speaker to play music, answer questions, control smart home devices, and more.
Some of the major players in the smart and networked speaker market are Altec Lansing, Amazon, Apple, Bose, Devialet, Google, Harman International Industries, Incorporated, Koninklijke Philips, Sonos, Sony.
The smart and networked speaker market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart and Networked Speaker Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart and Networked Speaker Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart and Networked Speaker Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart and Networked Speaker Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart and Networked Speaker Market Size & Forecast, 2020-2028
4.5.1 Smart and Networked Speaker Market Size and Y-o-Y Growth
4.5.2 Smart and Networked Speaker Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bluetooth
5.2.2 Wi-Fi
5.2.3 NFC
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Smart Lighting
6.2.2 Security Systems
6.2.3 Smart Kitchen Appliances
6.2.4 Thermostat
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart and Networked Speaker Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart and Networked Speaker Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bluetooth
9.6.2 Wi-Fi
9.6.3 NFC
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Smart Lighting
9.10.2 Security Systems
9.10.3 Smart Kitchen Appliances
9.10.4 Thermostat
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bluetooth
10.6.2 Wi-Fi
10.6.3 NFC
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Smart Lighting
10.10.2 Security Systems
10.10.3 Smart Kitchen Appliances
10.10.4 Thermostat
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bluetooth
11.6.2 Wi-Fi
11.6.3 NFC
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Smart Lighting
11.10.2 Security Systems
11.10.3 Smart Kitchen Appliances
11.10.4 Thermostat
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bluetooth
12.6.2 Wi-Fi
12.6.3 NFC
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Smart Lighting
12.10.2 Security Systems
12.10.3 Smart Kitchen Appliances
12.10.4 Thermostat
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bluetooth
13.6.2 Wi-Fi
13.6.3 NFC
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Smart Lighting
13.10.2 Security Systems
13.10.3 Smart Kitchen Appliances
13.10.4 Thermostat
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart and Networked Speaker Market: Competitive Dashboard
14.2 Global Smart and Networked Speaker Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altec Lansing
14.3.2 Amazon
14.3.3 Apple
14.3.4 Bose
14.3.5 Devialet
14.3.6 Google
14.3.7 Harman International Industries
14.3.8 Incorporated
14.3.9 Koninklijke Philips
14.3.10 Sonos
14.3.11 Sony
