Global Smart Speaker Market 2018-2023 - A $11.8 Billion Market Opportunity - ResearchAndMarkets.com

DUBLIN--()--The "Smart Speaker Market by IVA (Alexa, Google Assistant, Siri, Cortana), Component (Hardware (Speaker Driver, Connectivity IC, Processor, Audio IC, Memory, Power IC, Microphone,) and Software), Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The smart speaker market was valued at USD 2.68 Billion in 2018 and is expected to reach USD 11.79 Billion by 2023, at a CAGR of 34.44% between 2018 and 2023.

Major drivers for the growth of the smart speaker market are increasing number of smart homes, rising disposable income, rapid proliferation of multifunctional devices, and growing trend of personalization.

RoW is expected to be the fastest-growing region in the smart speaker market between 2018 and 2023. Key players are targeting the Middle Eastern countries owing to high disposable income and increasing consumption of connected consumer electronics. Major drivers are the young and highly tech-savvy population, and the government efforts to transform the region from carbon-based economy to technology-based economy.

Market Dynamics

Drivers

  • Increasing Number of Smart Homes
  • Rising Disposable Income
  • Rapid Proliferation of Multifunctional Devices
  • Growing Trend of Personalization

Restraints

  • Issues Related to Connectivity Range, Compatibility, and Power

Opportunities

  • Increasing Consumer Preference for Technologically Advanced Products
  • Increasing Focus of Companies On Enhancing Customer Experience

Challenges

  • High Security Risk
  • Availability of Substitute

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Smart Speaker Market, by Intelligent Virtual Assistant

7 Smart Speaker Market, by Component

8 Smart Speaker Market, by Application

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • Alibaba
  • Alphabet
  • Altec Lansing
  • Amazon
  • Anker
  • Apple
  • Avnera
  • Baidu
  • Bose
  • D&M Holdings
  • Fabriq
  • Harman International
  • Invoxia
  • Lenovo
  • Lg Electronics
  • Libratone
  • Mobvoi
  • Onkyo
  • Panasonic
  • Pioneer
  • Sk Telecom
  • Sonos
  • Sony
  • Ultimate Ears
  • Xiaomi

For more information about this report visit https://www.researchandmarkets.com/research/tgbxwz/global_smart?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Audio Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Audio Equipment