Smart Home Speaker Market Size in the US to Grow by USD 3.93 Bn, Vendors to Deploy Growth Strategies such as New Product Launches - Technavio

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The smart home speaker market in the US is fragmented, and the vendors are deploying growth strategies such as new product launches to compete in the market. The market is highly competitive and has various local and international players. The intense competition among vendors, along with rapid technological changes, poses a major risk to vendor operations. Therefore, vendors should differentiate their product and service offerings through a clear and unique value proposition to survive and succeed in a competitive environment. Market vendors are offering products at competitive prices. In addition, the market is attracting new entrants, which will intensify the competition.

The smart home speaker market size in the US is expected to grow by USD 3.93 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 18.45% during the forecast period, according to Technavio.

View a comprehensive report summary that describes the market size and forecast along with the research methodology. The FREE sample report is available in PDF format

• Platform 
• Amazon Alexa: The amazon Alexa segment will be a major contributor to market growth during the forecast period. Amazon Alexa is a digital voice assistant that supports smart home speakers by Amazon as well as third-party manufacturers. The introduction of new features in Alexa can fuel the demand for Amazon Echo speakers and, in turn, increase its share in the smart home speaker market in the US during the forecast period.
• Google Assistant
• Others
• Distribution Channel
• Online
• Offline

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Request a FREE PDF Sample Now

Our smart home speaker market in the US report covers the following areas:

• Smart Home Speaker Market size in the US
• Smart Home Speaker Market trends in the US
• Smart Home Speaker Market industry analysis in the US

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We provide a detailed analysis of around 25 vendors operating in the smart home speaker market in the US, including Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., Bose Corp., Baidu Inc., FABRIQ, Bowers and Wilkins, JD.com Inc., Invoxia, LG Electronics Inc., Lenovo Group Ltd., Samsung Electronics Co. Ltd., Plantronics Inc., Sony Group Corp., Sonos Inc., and Xiaomi Inc.

This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now for detailed vendor information

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist smart home speaker market growth in the US during the next five years
• Estimation of the smart home speaker market size in the US and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the smart home speaker market in the US
• Analysis of the competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the smart home speaker market vendors in the US

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1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 10: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 15: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Platform

• 5.1 Market segments
• Exhibit 22: Chart on Platform - Market share 2021-2026 (%)
• Exhibit 23: Data Table on Platform - Market share 2021-2026 (%)

• 5.2 Comparison by Platform
• Exhibit 24: Chart on Comparison by Platform
• Exhibit 25: Data Table on Comparison by Platform

• 5.3 Amazon Alexa - Market size and forecast 2021-2026
• Exhibit 26: Chart on Amazon Alexa - Market size and forecast 2021-2026 ($ million)
• Exhibit 27: Data Table on Amazon Alexa - Market size and forecast 2021-2026 ($ million)
• Exhibit 28: Chart on Amazon Alexa - Year-over-year growth 2021-2026 (%)
• Exhibit 29: Data Table on Amazon Alexa - Year-over-year growth 2021-2026 (%)

• 5.4 Google Assistant - Market size and forecast 2021-2026
• Exhibit 30: Chart on Google Assistant - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Data Table on Google Assistant - Market size and forecast 2021-2026 ($ million)
• Exhibit 32: Chart on Google Assistant - Year-over-year growth 2021-2026 (%)
• Exhibit 33: Data Table on Google Assistant - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 34: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 36: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 37: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Platform
• Exhibit 38: Market opportunity by Platform ($ million)

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 39: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 40: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 6.2 Comparison by Distribution Channel
• Exhibit 41: Chart on Comparison by Distribution Channel
• Exhibit 42: Data Table on Comparison by Distribution Channel

• 6.3 Online - Market size and forecast 2021-2026
• Exhibit 43: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 46: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 6.4 Offline - Market size and forecast 2021-2026
• Exhibit 47: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 49: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 51: Market opportunity by Distribution Channel ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview
• Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 53: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 54: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 55: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 56: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 57: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 58: Matrix on vendor position and classification

• 10.3 Alphabet Inc.
• Exhibit 59: Alphabet Inc. - Overview
• Exhibit 60: Alphabet Inc. - Business segments
• Exhibit 61: Alphabet Inc. - Key news
• Exhibit 62: Alphabet Inc. - Key offerings
• Exhibit 63: Alphabet Inc. - Segment focus

• 10.4 Amazon.com Inc.
• Exhibit 64: Amazon.com Inc. - Overview
• Exhibit 65: Amazon.com Inc. - Business segments
• Exhibit 66: Amazon.com Inc. - Key news
• Exhibit 67: Amazon.com Inc. - Key offerings
• Exhibit 68: Amazon.com Inc. - Segment focus

• 10.5 Apple Inc.
• Exhibit 69: Apple Inc. - Overview
• Exhibit 70: Apple Inc. - Business segments
• Exhibit 71: Apple Inc. - Key news
• Exhibit 72: Apple Inc. - Key offerings
• Exhibit 73: Apple Inc. - Segment focus

• 10.6 Bowers and Wilkins
• Exhibit 74: Bowers and Wilkins - Overview
• Exhibit 75: Bowers and Wilkins - Product / Service
• Exhibit 76: Bowers and Wilkins - Key offerings

• 10.7 JD.com Inc.
• Exhibit 77: JD.com Inc. - Overview
• Exhibit 78: JD.com Inc. - Business segments
• Exhibit 79: JD.com Inc. - Key news
• Exhibit 80: JD.com Inc. - Key offerings
• Exhibit 81: JD.com Inc. - Segment focus

• 10.8 Lenovo Group Ltd.
• Exhibit 82: Lenovo Group Ltd. - Overview
• Exhibit 83: Lenovo Group Ltd. - Business segments
• Exhibit 84: Lenovo Group Ltd. - Key offerings
• Exhibit 85: Lenovo Group Ltd. - Segment focus

• 10.9 LG Electronics Inc.
• Exhibit 86: LG Electronics Inc. - Overview
• Exhibit 87: LG Electronics Inc. - Business segments
• Exhibit 88: LG Electronics Inc. - Key news
• Exhibit 89: LG Electronics Inc. - Key offerings
• Exhibit 90: LG Electronics Inc. - Segment focus

• 10.10 Samsung Electronics Co. Ltd.
• Exhibit 91: Samsung Electronics Co. Ltd. - Overview
• Exhibit 92: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 93: Samsung Electronics Co. Ltd. - Key news
• Exhibit 94: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 95: Samsung Electronics Co. Ltd. - Segment focus

• 10.11 Sonos Inc.
• Exhibit 96: Sonos Inc. - Overview
• Exhibit 97: Sonos Inc. - Product / Service
• Exhibit 98: Sonos Inc. - Key offerings

• 10.12 Xiaomi Inc.
• Exhibit 99: Xiaomi Inc. - Overview
• Exhibit 100: Xiaomi Inc. - Business segments
• Exhibit 101: Xiaomi Inc. - Key news
• Exhibit 102: Xiaomi Inc. - Key offerings
• Exhibit 103: Xiaomi Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 104: Inclusions checklist
• Exhibit 105: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 106: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 107: Research methodology
• Exhibit 108: Validation techniques employed for market sizing
• Exhibit 109: Information sources

• 11.5 List of abbreviations
• Exhibit 110: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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