Market Overview:
The global smart wireless speakers market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart wireless speakers from residential and commercial applications, and the growing trend of using voice assistants in these devices. The global smart wireless speakers market by type is segmented into speaker with screen and speaker without screen. The speaker with screen segment is expected to grow at a higher CAGR than the speaker without screen segment during the forecast period from 2018 to 2030. This can be attributed to the increasing demand for these devices from residential applications, where users are looking for enhanced multimedia experience. The global smart wireless speakers market by application is divided into residential and commercial applications.
Product Definition:
A Smart Wireless Speaker is a device that has been designed to allow users to interact with it using voice commands. These devices are often powered by artificial intelligence (AI) software that allows them to respond to questions and carry out tasks. The importance of these devices lies in their ability to make it easier for users to control various aspects of their lives using just their voices.
Speaker with Screen:
The speaker with a screen is also known as the touch speaker, it's an electronic device that reproduces audio signals from a video or computer source by using an image of the screen as its display. The first ever commercially available touch speaker was launched in 2010 under the brand name "iTV". Since then, many companies have been focusing on developing this technology to meet consumer demand for high-quality visual experience while hearing sound.
Speaker without Screen:
The speaker without screen is a device that reproduces audio signals without the need for any external display or monitor. The product has been designed to meet the basic requirements of people who are blind or have low vision. It can be used with smart devices such as tablets, laptops, and smartphones to enhance the listening experience by providing information about sources, volume levels and track names along with visual effects like changing covers and images on screens.
Application Insights:
The commercial application segment dominated the global smart wireless speakers market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand for audio/speech-based interfaces and growing adoption of smart speakers across commercial spaces such as hotels, restaurants and shopping malls. Furthermore, increasing penetration of Cast-enabled devices is expected to drive the product demand over the forecast period.
The residential application segment is expected to witness significant growth over the forecast period owing to rising adoption of Cast-enabled devices by consumers globally coupled with a rise in number of connected homes globally. According to GSM Arena Intelligence study released in 2018, it was estimated that nearly 50% smartphones sold worldwide are running on Android OS (Operating System).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of smartphone users, which has boosted demand for smart wireless speakers. China and India are among the largest markets for such devices in this region owing to growing popularity of music streaming services and overall sales of electronic products including smartphones.
North America accounted for more than 20% share in 2017 owing to high demand from U.S., where consumers are increasingly adopting smart home technology coupled with increasing use of Amazon Alexa device integration features across various other categories including home automation, entertainment & sports, kitchen & household help as well as other areas that require voice controlled assistance from internet connected speakers/headphones/Alexa device integration features at homes or places like malls or restaurants etc.
Growth Factors:
- Increasing demand for wireless speakers from the residential sector
- Rising disposable income of consumers in developing countries
- Proliferation of digital audio content and services
- Growing popularity of smart home devices and voice-activated assistants
- Advances in wireless audio technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wireless Speakers Market Research Report
By Type
Speaker with Screen, Speaker without Screen
By Application
Residential, Commercial
By Companies
Google, Amazon, Apple (Beats), Samsung (Harman), Bose, Alibaba, Xiaomi, Sonos, Bang & Olufsen, Sony, Google, LG, Sound United, Riva, Baidu, Marshall
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wireless Speakers Market Report Segments:
The global Smart Wireless Speakers market is segmented on the basis of:
Types
Speaker with Screen, Speaker without Screen
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
Residential, Commercial
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:
- Google
- Amazon
- Apple (Beats)
- Samsung (Harman)
- Bose
- Alibaba
- Xiaomi
- Sonos
- Bang & Olufsen
- Sony
- Google
- LG
- Sound United
- Riva
- Baidu
- Marshall
Highlights of The Smart Wireless Speakers 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:
- Speaker with Screen
- Speaker without Screen
- By Application:
- Residential
- Commercial
- 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 Wireless Speakers 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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- Understanding Competition Scenario
- Product & Brand Management
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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?
Smart Wireless Speakers are a type of speaker that connect to your smartphone or other device wirelessly. They allow you to control the music and audio playback from your phone or device without having to use any buttons or ports on the speaker.
Some of the major companies in the smart wireless speakers market are Google, Amazon, Apple (Beats), Samsung (Harman), Bose, Alibaba, Xiaomi, Sonos, Bang & Olufsen, Sony, Google, LG, Sound United, Riva, Baidu, Marshall.
The smart wireless speakers market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wireless Speakers 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 Wireless Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wireless Speakers 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 Wireless Speakers 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 Wireless Speakers Market Size & Forecast, 2018-2028
4.5.1 Smart Wireless Speakers Market Size and Y-o-Y Growth
4.5.2 Smart Wireless Speakers Market Absolute $ Opportunity
Chapter 5 Global Smart Wireless Speakers 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 Smart Wireless Speakers Market Size Forecast by Type
5.2.1 Speaker with Screen
5.2.2 Speaker without Screen
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Wireless Speakers 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 Smart Wireless Speakers Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Wireless Speakers 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 Wireless Speakers 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 Smart Wireless Speakers Analysis and Forecast
9.1 Introduction
9.2 North America Smart Wireless Speakers 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 Smart Wireless Speakers Market Size Forecast by Type
9.6.1 Speaker with Screen
9.6.2 Speaker without Screen
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 Smart Wireless Speakers Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Smart Wireless Speakers Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Wireless Speakers 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 Smart Wireless Speakers Market Size Forecast by Type
10.6.1 Speaker with Screen
10.6.2 Speaker without Screen
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 Smart Wireless Speakers Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Smart Wireless Speakers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Wireless Speakers 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 Smart Wireless Speakers Market Size Forecast by Type
11.6.1 Speaker with Screen
11.6.2 Speaker without Screen
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 Smart Wireless Speakers Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Smart Wireless Speakers Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Wireless Speakers 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 Smart Wireless Speakers Market Size Forecast by Type
12.6.1 Speaker with Screen
12.6.2 Speaker without Screen
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 Smart Wireless Speakers Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Smart Wireless Speakers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Wireless Speakers 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) Smart Wireless Speakers Market Size Forecast by Type
13.6.1 Speaker with Screen
13.6.2 Speaker without Screen
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) Smart Wireless Speakers Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Wireless Speakers Market: Competitive Dashboard
14.2 Global Smart Wireless Speakers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google
14.3.2 Amazon
14.3.3 Apple (Beats)
14.3.4 Samsung (Harman)
14.3.5 Bose
14.3.6 Alibaba
14.3.7 Xiaomi
14.3.8 Sonos
14.3.9 Bang & Olufsen
14.3.10 Sony
14.3.11 Google
14.3.12 LG
14.3.13 Sound United
14.3.14 Riva
14.3.15 Baidu
14.3.16 Marshall
