Market Highlights: The smart speaker is a wireless speaker which is equipped with Bluetooth, Wi-Fi, or other wireless protocols and powered by a virtual assistant. It is mainly driven by artificial intelligence. These speakers are the latest technological innovation dominating the consumer technology market and are activated by a voice command to perform different tasks such as listening to music and online shopping. The growing penetration of the Internet of Things (IoT) and connected devices provides huge opportunity in the growth of the very market due to the reduction in computing costs and growing Wi-Fi connectivity. The market study is being classified by Type (Single Room, Double-Room and Multi-Room), by Application (Smart Home, Smart Office, Consumer and Others (Commercial and Automotive)) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Smart Speaker are Apple (United States), Google (United States), Bose (United States), Harman (United States), Sony (Japan), Pioneer (Japan), Onkyo (Japan), LG Electronics (South Korea), Altec Lansing (United States), Avnera (United States), Panasonic (Japan), DandM Holdings (Japan), Sharp (Japan) and Xioami (China).
iHome has announced several new Alexa speakers. Two portable Alexa speakers, called AMA speakers, stream Alexa from the phone rather than the devices themselves, allowing to access Alexa outside of Wi-Fi range.
Key Questions Answered in the Report What will the Smart Speaker Market size and the growth rate be in Future? What are the key factors driving the Smart Speaker Market? What are the key market trends and macro-economic impacting the growth of the Smart Speaker Market? What are the challenges to market growth? Who are the key vendors in the Smart Speaker Market? What are the market opportunities and threats faced by the vendors in the Smart Speaker Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Smart Speaker Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Speaker market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Speaker market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Original equipment manufacturers (OEMs), OEM technology solution providers, Technology, service, and solution providers, Intellectual property (IP) core and licensing providers, Suppliers and distributors, Government and other regulatory bodies, Technology investors, End users (Smart home, smart office, commercial, and automotive) and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.