Global Smart Speaker Market Report By Intelligent Virtual Assistant (Alexa, Google Assistant, Siri, Cortana, Others), By Application (Personal, Professional, Commercial) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026
ID:VMR11210078
January 2020
Report Formats:

Increased adoption of IoT, smartphones, and other wireless technology among the potential customers have driven the smart speaker market growth. Increasing number of smart homes owing to rise in per capita income is another factor boosting market growth. Also, additional features such as GPS navigation, camera, digital assistance, gaming, etc. are further fueling the market growth. Moreover, the benefits associated with smart speakers such as better audio technology and low energy consumption is again pushing the market growth uphill.

As per the latest report by Value Market Research, the Global Smart Speaker Market was valued USD 4.5 billion (by revenue) in 2017 and is anticipated to reach USD 30 billion by 2024 with a CAGR of 30%.
 
ALEXA EMERGED AS THE LEADING SEGMENT
In 2017, Alexa dominated the segment by accounting for over X.X% of the total market share. Owing to relatively inexpensive and better compatibility with smartphones is driving the segment growth.
 
COMMERCIAL SECTOR DOMINATED THE APPLICATION SEGMENT
Commercial sector led the application segment and has accounted for over 25% of the total market share in 2017. Rising trend of bank-by-voice to check account balance, pay bills and for other financial transaction is driving the segment growth.
 
NORTH AMERICA LED THE REGIONAL MARKET
In 2017, North America dominated the geographical market. Rising per capita income along with increased adoption of smart home is driving the regional market growth.
 
KEY PLAYERS OF THE MARKET
Prominent players of smart speaker market are Amazon, Google Inc., Apple Inc., Harman International Industries, Panasonic Corporation, Sonos Inc., Sony Corporation, LG Electronics Inc., Logitech International S.A. and Samsung Electronics

As per this study, the Global Smart Speaker Market was valued at USD X.X BN (by revenue) in 2019 and is anticipated to reach USD XX BN by 2026 with a CAGR of XX.X%. By volume, the market was estimated XXX MN Units in 2019 and is expected to reach MN Units by 2026 with a CAGR of X.X%.
 
Smart speakers are the advancement in the audio technology which offers exceptional superior features such as voice assistant, set alarms, make the to-do list, provide real-time information and much more.  The main purpose of smart speakers is to deliver audio content through wireless technology from a media library, which may be on the different platform and from online services. Each smart speakers have its own labeled interface and features, generally controlled via applications.
 
Market Dynamics
 
Growing penetration of smartphones and IoT technology is expected to drive the smart speaker market growth over the forecast period. Advancement in audio technology and the rising number of smart homes along with rising disposable income is another factor that propels the market growth. Product innovation with new technology and services also acts as a supporter of the market growth. However, lack of standardization and privacy issue are likely to hinder the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of smart speaker.
 
Market Segmentation
 
The broad smart speaker market has been sub-grouped into intelligent virtual assistant and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Intelligent Virtual Assistant

  • Alexa
  • Google Assistant
  • Siri
  • Cortana
  • Others
 
By Application
  • Personal
  • Professional
  • Commercial
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for smart speaker in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Smart Speaker Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the smart speaker market includes Amazon.com, Inc., Google Inc., Apple Inc., Harman International Industries, Panasonic Corporation, Sonos Inc., Sony Corporation, LG Electronics Inc., Logitech International S.A. and Samsung Electronics. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Smart Speaker Market
       2.2. Global Smart Speaker Market Snapshot
 
3 . SMART SPEAKER – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Smart Speaker Market
       3.3. Market Restraints of Smart Speaker Market
       3.4. Opportunities of Smart Speaker Market
       3.5. Trends of Smart Speaker Market
       3.6. Porter’s Five Force Analysis of Smart Speaker Market
       3.7. Smart Speaker Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Intelligent Virtual Assistant
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Smart Speaker Value Chain Analysis
       4.2. Smart Speaker Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Smart Speaker Raw Material Manufactures List
           4.2.3. Price Trend of Smart Speaker Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . GLOBAL SMART SPEAKER MARKET ANALYSIS BY INTELLIGENT VIRTUAL ASSISTANT
       5.1 Overview by Intelligent Virtual Assistant
       5.2 Global Smart Speaker Market Analysis by Intelligent Virtual Assistant
       5.3 Market Analysis of Alexa by Regions
       5.4 Market Analysis of Google Assistant by Regions
       5.5 Market Analysis of Siri by Regions
       5.6 Market Analysis of Cortana by Regions
       5.7 Market Analysis of Others by Regions
 
6 . GLOBAL SMART SPEAKER MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Smart Speaker Market Analysis by Application
       6.3 Market Analysis of Personal by Regions
       6.4 Market Analysis of Professional by Regions
       6.5 Market Analysis of Commercial by Regions
 
7 . GLOBAL SMART SPEAKER MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Smart Speaker Market Estimate by Market Segment
           7.3.3. North America Smart Speaker Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Smart Speaker Market Estimate by Market Segment
           7.4.3. Europe Smart Speaker Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Smart Speaker Market Estimate by Market Segment
           7.5.3. Asia Pacific Smart Speaker Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Smart Speaker Market Estimate by Market Segment
           7.6.3. Latin America Smart Speaker Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Smart Speaker Market Estimate by Market Segment
           7.7.3. Middle East & Africa Smart Speaker Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE SMART SPEAKER COMPANIES
       8.1. Smart Speaker Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF SMART SPEAKER INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Amazon
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Google Inc.
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Apple Inc.
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Harman International Industries
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Panasonic Corporation
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Sonos Inc.
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. Sony Corporation
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. LG Electronics Inc.
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Logitech International S.A.
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. Samsung Electronics
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES

  •  Global Smart Speaker Market Snapshot
  •  Drivers of The Global Smart Speaker Market Impact Analysis
  •  Restraints of The Global Smart Speaker Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  Global Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Global Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Global Smart Speaker Market Analysis in Alexa by Geography (Units)
  •  Global Smart Speaker Market Analysis in Alexa by Geography (USD MN)
  •  Global Smart Speaker Market Analysis in Google Assistant by Geography (Units)
  •  Global Smart Speaker Market Analysis in Google Assistant by Geography (USD MN)
  •  Global Smart Speaker Market Analysis in Siri by Geography (Units)
  •  Global Smart Speaker Market Analysis in Siri by Geography (USD MN)
  •  Global Smart Speaker Market Analysis in Cortana by Geography (Units)
  •  Global Smart Speaker Market Analysis in Cortana by Geography (USD MN)
  •  Global Smart Speaker Market Analysis in Others by Geography (Units)
  •  Global Smart Speaker Market Analysis in Others by Geography (USD MN)
  •  Global Smart Speaker Market Analysis by Application (Units)
  •  Global Smart Speaker Market Analysis by Application (USD MN)
  •  Global Smart Speaker Market Analysis in Personal by Geography (Units)
  •  Global Smart Speaker Market Analysis in Personal by Geography (USD MN)
  •  Global Smart Speaker Market Analysis in Professional by Geography (Units)
  •  Global Smart Speaker Market Analysis in Professional by Geography (USD MN)
  •  Global Smart Speaker Market Analysis in Commercial by Geography (Units)
  •  Global Smart Speaker Market Analysis in Commercial by Geography (USD MN)
  •  Global Smart Speaker Market by Geography (Units)
  •  Global Smart Speaker Market by Geography (USD MN)
  •  North America Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  North America Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  North America Smart Speaker Market Estimate by Application (Units)
  •  North America Smart Speaker Market Estimate by Application (USD MN)
  •  North America Smart Speaker Market Estimate by Country (Units)
  •  North America Smart Speaker Market Estimate by Country (USD MN)
  •  United State Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  United State Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  United State Smart Speaker Market Estimate by Application (Units)
  •  United State Smart Speaker Market Estimate by Application (USD MN)
  •  Rest of North America Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Rest of North America Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Rest of North America Smart Speaker Market Estimate by Application (Units)
  •  Rest of North America Smart Speaker Market Estimate by Application (USD MN)
  •  Europe Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Europe Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Europe Smart Speaker Market Estimate by Application (Units)
  •  Europe Smart Speaker Market Estimate by Application (USD MN)
  •  Europe Smart Speaker Market Estimate by Country (Units)
  •  Europe Smart Speaker Market Estimate by Country (USD MN)
  •  United Kingdom Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  United Kingdom Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  United Kingdom Smart Speaker Market Estimate by Application (Units)
  •  United Kingdom Smart Speaker Market Estimate by Application (USD MN)
  •  France Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  France Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  France Smart Speaker Market Estimate by Application (Units)
  •  France Smart Speaker Market Estimate by Application (USD MN)
  •  Germany Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Germany Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Germany Smart Speaker Market Estimate by Application (Units)
  •  Germany Smart Speaker Market Estimate by Application (USD MN)
  •  Rest of Europe Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Rest of Europe Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Rest of Europe Smart Speaker Market Estimate by Application (Units)
  •  Rest of Europe Smart Speaker Market Estimate by Application (USD MN)
  •  Asia Pacific Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Asia Pacific Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Asia Pacific Smart Speaker Market Estimate by Application (Units)
  •  Asia Pacific Smart Speaker Market Estimate by Application (USD MN)
  •  Asia Pacific Smart Speaker Market Estimate by Country (Units)
  •  Asia Pacific Smart Speaker Market Estimate by Country (USD MN)
  •  China Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  China Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  China Smart Speaker Market Estimate by Application (Units)
  •  China Smart Speaker Market Estimate by Application (USD MN)
  •  Japan Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Japan Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Japan Smart Speaker Market Estimate by Application (Units)
  •  Japan Smart Speaker Market Estimate by Application (USD MN)
  •  India Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  India Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  India Smart Speaker Market Estimate by Application (Units)
  •  India Smart Speaker Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Rest of Asia Pacific Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Rest of Asia Pacific Smart Speaker Market Estimate by Application (Units)
  •  Rest of Asia Pacific Smart Speaker Market Estimate by Application (USD MN)
  •  Latin America Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Latin America Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Latin America Smart Speaker Market Estimate by Application (Units)
  •  Latin America Smart Speaker Market Estimate by Application (USD MN)
  •  Latin America Smart Speaker Market Estimate by Country (Units)
  •  Latin America Smart Speaker Market Estimate by Country (USD MN)
  •  Brazil Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Brazil Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Brazil Smart Speaker Market Estimate by Application (Units)
  •  Brazil Smart Speaker Market Estimate by Application (USD MN)
  •  Rest of Latin America Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Rest of Latin America Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Rest of Latin America Smart Speaker Market Estimate by Application (Units)
  •  Rest of Latin America Smart Speaker Market Estimate by Application (USD MN)
  •  Middle East & Africa Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Middle East & Africa Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Middle East & Africa Smart Speaker Market Estimate by Application (Units)
  •  Middle East & Africa Smart Speaker Market Estimate by Application (USD MN)
  •  Middle East & Africa Smart Speaker Market Estimate by Country (Units)
  •  Middle East & Africa Smart Speaker Market Estimate by Country (USD MN)
  •  Middle East Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Middle East Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Middle East Smart Speaker Market Estimate by Application (Units)
  •  Middle East Smart Speaker Market Estimate by Application (USD MN)
  •  Africa Smart Speaker Market Analysis by Intelligent Virtual Assistant (Units)
  •  Africa Smart Speaker Market Analysis by Intelligent Virtual Assistant (USD MN)
  •  Africa Smart Speaker Market Estimate by Application (Units)
  •  Africa Smart Speaker Market Estimate by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Smart Speaker Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Smart Speaker Market Size, by Region (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Intelligent Virtual Assistant
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Smart Speaker Market Analysis by Intelligent Virtual Assistant
  •  Global Smart Speaker Market Analysis in Alexa by Region
  •  Global Smart Speaker Market Analysis in Google Assistant by Region
  •  Global Smart Speaker Market Analysis in Siri by Region
  •  Global Smart Speaker Market Analysis in Cortana by Region
  •  Global Smart Speaker Market Analysis in Others by Region
  •  Global Smart Speaker Market Analysis in 8 by Region
  •  Global Smart Speaker Market Analysis in 9 by Region
  •  Global Smart Speaker Market Analysis by Application
  •  Global Smart Speaker Market Analysis in Personal by Region
  •  Global Smart Speaker Market Analysis in Professional by Region
  •  Global Smart Speaker Market Analysis in Commercial by Region
  •  Global Smart Speaker Market by Volume And Revenue
  •  North America Smart Speaker Market by Volume And Revenue
  •  Europe Smart Speaker Market by Volume And Revenue
  •  Asia Pacific Smart Speaker Market by Volume And Revenue
  •  Latin America Smart Speaker Market by Volume And Revenue
  •  Middle East & Africa Smart Speaker Market by Volume And Revenue
  •  Recent Development in Smart Speaker Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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