Press release
Global Smart Speakers Market Revolutionizing Home Entertainment Till 2023-2030 | Apple, Sonos, Riva Concert
From 2023 to 2030, the smart speakers market is anticipated to expand at a CAGR of 25.6%, reaching USD 84.02 billion. The market is being propelled by expanding acceptance of artificial intelligence (AI) in consumer electronics, rising demand for voice-activated devices, and rising interest in smart homes. A wireless speaker known as a "smart speaker" has a voice assistant integrated into it that may be used to play music, operate smart home appliances, obtain news and weather updates, and more. By product type, connectivity, application, and geography, the market is divided.
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The Key companies profiled in the Smart Speakers Market:
The study examines the Smart Speakers Market's competitive landscape and includes data on Apple, Sonos, Riva Concert, JBL, Alphabet (Google), Bluesound, Bose, Sony Corporation, Panasonic Corporation, Samsung Electronics, Polk Audio & Others.
Global Smart Speakers Market Split by Product Type and Applications
This report segments the Smart Speakers Market on the basis of Types:
Programmable
Not Programmable
On the basis of Application, the Smart Speakers Market is segmented into:
Commercial
Household
Several reasons have contributed to the considerable rise of the smart speaker market in recent years. The rising acceptance of voice-activated technology and the appeal of smart home gadgets are two major factors. Smart speakers are a crucial component of the connected home ecosystem because they appeal to consumers with their ease and hands-free capability. Moreover, the capabilities of smart speakers have been improved by the ongoing advancements in speech recognition and natural language processing. Users find smart speakers to be increasingly useful for a variety of activities, from managing daily calendars to controlling smart home equipment, as voice assistants grow more precise and responsive.
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Regional differences in the smart speaker market may be attributed to things like customer preferences, technology adoption, smart home infrastructure, and market competitiveness. Due to extensive availability of smart home devices, high consumer technology adoption, and effective marketing by smart speaker manufacturers, North America and Europe are key markets for smart speakers. There are many early adopters and tech-savvy consumers in these areas. Due to rising disposable incomes, urbanization, and rising demand for smart home solutions, the Asia-Pacific area has experienced rapid expansion in recent years. The growth of the market is facilitated by important players in this area including China, India, and Japan.
Key Features Included in the Offering and Highlights of the Smart Speakers Market Reports:
• Voice Assistant Integration: Smart speakers are equipped with advanced voice assistants like Amazon's Alexa, Apple's Siri, Google Assistant, or Microsoft's Cortana. Users can interact with the device through voice commands for various tasks like playing music, answering questions, setting reminders, controlling smart home devices, and more.
• Multi-room Audio: Some smart speakers support multi-room audio functionality, allowing users to synchronize music playback across different speakers in different rooms, creating a seamless audio experience throughout the house.
• Smart Home Integration: Smart speakers act as central hubs for home automation, allowing users to control various smart home devices like lights, thermostats, locks, and cameras through voice commands or mobile apps.
• Sound Quality: Leading smart speaker manufacturers continuously improve the sound quality of their devices. High-quality audio components and advanced audio processing technologies are integrated to deliver impressive sound performance.
• Connectivity: Smart speakers typically support multiple connectivity options like Wi-Fi, Bluetooth, and even auxiliary ports, enabling users to connect their devices with smartphones, tablets, or other audio sources.
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Market Segmentation:
Smart Speakers market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
A strong and varied research technique was used to give thorough insights into the market for smart speakers. To acquire trustworthy data and information, a variety of primary and secondary research methodologies were used during the study process. Interviews with smart speaker makers, industry professionals, technical experts, and representatives from companies working on smart home technologies were conducted as part of the primary study. Understanding current market trends, demand patterns, difficulties, and expansion prospects in the market for smart speakers was aided by these encounters. In-depth secondary research was done to gather information from reliable sources, including market research databases, corporate websites, industry papers, and technological journals. In order to guarantee the authenticity and quality of the study, market data and statistics were also gathered from reliable databases.
Major Point of Table of Contents:
Chapter 1 Smart Speakers Market Overview
Chapter 2 Company Profiles
Chapter 3 Smart Speakers Market Competition, by Players
Chapter 4 Smart Speakers Market Size Segment by Type
Chapter 5 Smart Speakers Market Size Segment by Application
Chapter 6 North America by Country, by Type, and by Application
Chapter 7 Europe by Country, by Type, and by Application
Chapter 8 Asia-Pacific by Region, by Type, and by Application
Chapter 9 South America by Country, by Type, and by Application
Chapter 10 Middle East & Africa by Country, by Type, and by Application
Chapter 11 Research Findings and Conclusion
Chapter 12 Appendix...
Global Smart Speakers Market Research FAQs
• How this industry expected to grow by 2030?
• Which key trends are driving the demand for this market?
• Which segment of this market accounted for largest share in 2023?
• Who are the prominent manufacturers in this market?
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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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