Market Overview:
The global smart home 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 voice-activated devices and the growing trend of smart homes. In terms of type, the Wi-Fi enabled segment is expected to hold a major share of the global smart home speakers market during the forecast period. This can be attributed to factors such as low cost and easy installation of Wi-Fi enabled devices as compared to Bluetooth enabled devices. In terms of application, sports, leisure & entertainment applications are expected to account for a major share in the global smart home speakers market during the forecast period.
Product Definition:
A smart home speaker is a type of wireless speaker that connects to the internet and can be used to control other devices in your home, such as lights, shades, and thermostats. They are often powered by voice assistants like Amazon's Alexa or Google's Assistant.
Wi-Fi Enabled:
Wi-Fi enabled devices are those that use wireless technologies, such as Wi-Fi, Bluetooth and Near Field Communication (NFC), to connect with other devices over a wireless network. The technology has been around for more than a decade but has recently gained popularity due to its increased use in smartphones and tablets.
The proliferation of smart home speakers is one of the major factors driving the growth of this market.
Bluetooth Enabled:
Bluetooth-enabled devices can establish a wireless connection with the nearby cell phone network or other Bluetooth-compatible networks. The technology is primarily used in personal computers, laptops, and various home appliances such as smart thermostats and smoke detectors. Bluetooth enables these devices to exchange data over short distances using radio frequency waves instead of cables.
Application Insights:
The other application segment includes security, music and entertainment, home automation, etc. The sports application is expected to be the fastest-growing segment over the forecast period owing to the growing demand for smart speakers in fitness applications. For instance, Amazon¢â‚¬â„¢s Echo devices are being used by athletes and sportspersons for providing live score updates on their mobile phones via Alexa voice assistant.
Sports organizations such as NFL (U.S.), NHL (Canada), Barclays Premier League (U.K.), La Liga (Spain), Serie A TIM (Italy) are investing in developing unique features for their fans using smart home technology with connected speakers that can play pre-recorded clips of players answering questions or chatting with fans during press conferences or live events over internet protocol television network feeds from various broadcasters around the world including NBC Sports Network, BT Sport Live Feeds Ltd.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing penetration of smart home speakers and smart devices, high disposable income, and a large number of manufacturers. Moreover, U.S.-based companies are making considerable investments in developing innovative products for domestic use as well as for export to foreign countries. For instance, Amazon has developed its own line of Echo Dot Kids Edition speaker that is specially designed with safety features such as drop-proof case and anti-tamper technology so that children cannot accidentally activate the device or listen to explicit content without parental supervision.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income especially among middle class population groups in China and India along with changing lifestyles resulting into increased demand for entertainment systems at homes across these countries which will eventually drive regional market growth over next eight years from 2018 till 2030 timeframe).
Growth Factors:
- Increasing demand for voice-activated devices: The global smart home speaker market is expected to grow at a CAGR of around 28% during the forecast period. One of the major drivers for this market is the increasing demand for voice-activated devices, as they make it easy to control various tasks such as turning on/off lights, setting alarms, and controlling music playback.
- Proliferation of digital assistants: Digital assistants are becoming increasingly popular with consumers and are helping to drive the growth of smart home speakers. These assistants can be used to control various tasks in a smart home through voice commands, which makes them more convenient than traditional controls such as remotes or apps.
- Growing awareness about energy efficiency: There is growing awareness among consumers about energy efficiency and its benefits, which is driving them to adopt smart home technologies that can help save energy costs. Smart home speakers can play an important role in this by allowing users to control various devices in their homes remotely and thus reduce overall power consumption levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Home Speakers Market Research Report
By Type
Wi-Fi Enabled, Bluetooth Enabled
By Application
Sports, Leisure & Entertainments, Other
By Companies
Sony, Bose, Harman International, DTS Inc, Yamaha, LG, Samsung, Sharp, Lenovo, Panasonic, JVC, VOXX, Onkyo & Pioneer, Nortek, Vizio, Edifier, Nakamichi Corporation, Vistron Audio Equipment
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Smart Home Speakers Market Report Segments:
The global Smart Home Speakers market is segmented on the basis of:
Types
Wi-Fi Enabled, Bluetooth Enabled
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
Sports, Leisure & Entertainments, 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:
- Sony
- Bose
- Harman International
- DTS Inc
- Yamaha
- LG
- Samsung
- Sharp
- Lenovo
- Panasonic
- JVC
- VOXX
- Onkyo & Pioneer
- Nortek
- Vizio
- Edifier
- Nakamichi Corporation
- Vistron Audio Equipment
Highlights of The Smart Home 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:
- Wi-Fi Enabled
- Bluetooth Enabled
- By Application:
- Sports
- Leisure & Entertainments
- 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 Home 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
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- Consumer Insights
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- 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 Home Speakers are devices that allow you to control your home appliances and systems using voice commands.
Some of the key players operating in the smart home speakers market are Sony, Bose, Harman International, DTS Inc, Yamaha, LG, Samsung, Sharp, Lenovo, Panasonic, JVC, VOXX, Onkyo & Pioneer, Nortek, Vizio, Edifier, Nakamichi Corporation, Vistron Audio Equipment.
The smart home speakers market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Home Speakers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Home Speakers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Home Speakers Market - Supply Chain
4.5. Global Smart Home Speakers Market Forecast
4.5.1. Smart Home Speakers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Home Speakers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Home Speakers Market Absolute $ Opportunity
5. Global Smart Home Speakers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Home Speakers Market Size and Volume Forecast by Type
5.3.1. Wi-Fi Enabled
5.3.2. Bluetooth Enabled
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Home Speakers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Home Speakers Market Size and Volume Forecast by Application
6.3.1. Sports
6.3.2. Leisure & Entertainments
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Home Speakers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Home Speakers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Home Speakers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Home Speakers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Home Speakers Demand Share Forecast, 2019-2026
9. North America Smart Home Speakers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Home Speakers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Home Speakers Market Size and Volume Forecast by Application
9.4.1. Sports
9.4.2. Leisure & Entertainments
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Home Speakers Market Size and Volume Forecast by Type
9.7.1. Wi-Fi Enabled
9.7.2. Bluetooth Enabled
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Home Speakers Demand Share Forecast, 2019-2026
10. Latin America Smart Home Speakers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Home Speakers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Home Speakers Market Size and Volume Forecast by Application
10.4.1. Sports
10.4.2. Leisure & Entertainments
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Home Speakers Market Size and Volume Forecast by Type
10.7.1. Wi-Fi Enabled
10.7.2. Bluetooth Enabled
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Home Speakers Demand Share Forecast, 2019-2026
11. Europe Smart Home Speakers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Home Speakers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Home Speakers Market Size and Volume Forecast by Application
11.4.1. Sports
11.4.2. Leisure & Entertainments
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Home Speakers Market Size and Volume Forecast by Type
11.7.1. Wi-Fi Enabled
11.7.2. Bluetooth Enabled
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Home Speakers Demand Share, 2019-2026
12. Asia Pacific Smart Home Speakers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Home Speakers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Home Speakers Market Size and Volume Forecast by Application
12.4.1. Sports
12.4.2. Leisure & Entertainments
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Home Speakers Market Size and Volume Forecast by Type
12.7.1. Wi-Fi Enabled
12.7.2. Bluetooth Enabled
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Home Speakers Demand Share, 2019-2026
13. Middle East & Africa Smart Home Speakers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Home Speakers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Home Speakers Market Size and Volume Forecast by Application
13.4.1. Sports
13.4.2. Leisure & Entertainments
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Home Speakers Market Size and Volume Forecast by Type
13.7.1. Wi-Fi Enabled
13.7.2. Bluetooth Enabled
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Home Speakers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Home Speakers Market: Market Share Analysis
14.2. Smart Home Speakers Distributors and Customers
14.3. Smart Home Speakers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sony
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bose
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Harman International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DTS Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yamaha
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Samsung
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sharp
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lenovo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Panasonic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. JVC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. VOXX
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Onkyo & Pioneer
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nortek
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Vizio
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Edifier
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nakamichi Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Vistron Audio Equipment
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
