SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

$11.8 Billion Global Smart Speaker Market 2018-2023 by IVA and Application - Siri and Smart Homes Dominate Their Segment - ResearchAndMarkets.com
[April 05, 2018]

$11.8 Billion Global Smart Speaker Market 2018-2023 by IVA and Application - Siri and Smart Homes Dominate Their Segment - ResearchAndMarkets.com


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 be worth USD 11.79 billion by 2023, growing at a CAGR of 34.44% between 2018 and 2023. The growth of this market can be attributed to rapid proliferation of multifunctional devices, growing trend of personalization, rising disposable income, and increasing number of smart homes. However, issues related to connectivity range, compatibility, and power restrain the growth of the smart speaker market.

This report covers the following intelligent virtual assistants (IVAs): Alexa, Google (News - Alert) Assistant, Siri, Cortana, and others (Xiaowei, DuerOS, Bixby, and AliGenie). The market for Siri is expected to grow at the highest CAGR between 2018 and 2023. This growth can be attributed to Apple's (News - Alert) established market for its smart devices. Siri's main advantage over other IVAs is its virtual surround sound tehnology and deep integration with Apple's product line. The company's strong brand and consumer base are expected to fuel the market for Siri-enabled smart speakers.



This report has been segmented on the basis of applications into smart home, smart office, consumer, and others (commercial and automotive). Smart home held the largest market share in 2017 owing to changing lifestyle, increasing per capita income, and the inclination of smart home owners toward luxurious entertainment systems.

The market in RoW is expected to grow at the highest CAGR between 2018 and 2023. The Middle East accounts for a substantial share of the smart speaker market in RoW. People in the Middle Eastern countries, especially the UAE and Saudi Arabia, are among the early adopters of smart devices that are convenient and easy to use, thus fueling the demand for smart speakers in RoW.


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 (News - Alert)
  • Amazon
  • Anker
  • Apple
  • Avnera
  • Baidu
  • Bose
  • D&M Holdings
  • Fabriq
  • Harman International
  • Invoxia
  • LG Electronics
  • Lenovo
  • Libratone
  • Mobvoi
  • Onkyo
  • Panasonic (News - Alert)
  • Pioneer
  • SK Telecom
  • Sonos
  • Sony
  • Ultimate Ears
  • Xiaomi

For more information about this report visit https://www.researchandmarkets.com/research/dgmgqb/11_8_billion?w=4


[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy