Market Overview:
The global voice-enabled speakers market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for voice-activated devices and the growing trend of smart homes. In addition, the rising adoption of voice assistants by businesses is also contributing to the growth of this market. The global voice-enabled speakers market can be segmented on the basis of type into speaker with screen and speaker without screen. The speaker with screen segment is expected to dominate this market during the forecast period owing to its features such as high sound quality and large display size.
Product Definition:
A voice-enabled speaker is a device that can be controlled with voice commands. These devices are often used to control smart home devices, such as lights and thermostats. Voice-enabled speakers can also be used to play music or podcasts, and some models can even be used to make phone calls. The importance of voice-enabled speakers lies in their ability to make it easier for users to interact with their devices using only their voices. This can provide a more convenient and natural user experience than traditional methods of interaction, such as pressing buttons or tapping on screens.
Speaker with Screen:
The speaker with a screen is also known as the touch speaker, it has a built-in display that can be used to provide information such as text messages or videos. The device was first launched in 2010 by Logitech and since then it has gained popularity among other manufacturers too. It helps users to interact with their devices easily and thus increases its usability factor.
Speaker without Screen:
The speaker without screen is a device that reproduces voice with the help of text messages or speech balloons. The first known example of such a product was launched in 2010 by Mattel, Inc., under the brand name “ Speak & Spell”. Since then, many other companies have entered this market including Voicebotics Ltd., Vokle Inc., and Nuance Communications (Under their brand name “Voyager”).
Application Insights:
The commercial application segment dominated the global voice-enabled speakers market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to an increase in demand from smart speaker enabled devices such as Chromecast and Amazon Echo that are widely adopted by households across the globe. In addition, a significant increase in M&A activities by major players such as Google and Amazon has resulted in increased penetration of these devices into commercial spaces such as hotels and restaurants.
The residential segment is expected to witness significant growth over the forecast period owing to rising adoption of smart speakers with screen among consumers globally.
Regional Analysis:
North America dominated the global voice-enabled speakers market in 2017. This can be attributed to the high concentration of key players such as Bose Corporation, Google LLC, and Amazon.com Inc., headquartered in this region. The increasing adoption of smart homes is also a major factor driving regional growth.
Asia Pacific is expected to emerge as a lucrative market over the forecast period owing to growing product demand and changing consumer lifestyles resulting in increased spending on household appliances across countries such as China and India among others).
Growth Factors:
- Increasing demand for voice-enabled speakers from the consumer electronics segment
- Rising demand for voice-enabled speakers from the automotive segment
- Proliferation of artificial intelligence (AI) and machine learning technologies
- Growing popularity of smart homes and connected devices
- Emergence of new use cases for voice-enabled speakers
Scope Of The Report
Report Attributes
Report Details
Report Title
Voice-Enabled 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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Voice-Enabled Speakers Market Report Segments:
The global Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Voice-Enabled Speakers are speakers that can be controlled by voice commands. This means that you can use your voice to control the volume, playback, and other features of the speaker.
Some of the major companies in the voice-enabled speakers market are Google, Amazon, Apple (Beats), Samsung (Harman), Bose, Alibaba, Xiaomi, Sonos, Bang & Olufsen, Sony, Google, LG, Sound United, Riva, Baidu, Marshall.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Voice-Enabled 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 Voice-Enabled Speakers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled Speakers Market Size & Forecast, 2018-2028
4.5.1 Voice-Enabled Speakers Market Size and Y-o-Y Growth
4.5.2 Voice-Enabled Speakers Market Absolute $ Opportunity
Chapter 5 Global Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled Speakers Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled Speakers Analysis and Forecast
9.1 Introduction
9.2 North America Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled Speakers Analysis and Forecast
10.1 Introduction
10.2 Europe Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled Speakers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled Speakers Analysis and Forecast
12.1 Introduction
12.2 Latin America Voice-Enabled 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 Voice-Enabled 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 Voice-Enabled 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) Voice-Enabled Speakers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Voice-Enabled 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) Voice-Enabled 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) Voice-Enabled 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 Voice-Enabled Speakers Market: Competitive Dashboard
14.2 Global Voice-Enabled 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
