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.
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Smart Home Speaker Market in the US 2022-2026: Segmentation
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Smart Home Speaker Market in the US 2022-2026: Scope
Our smart home speaker market in the US report covers the following areas:
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Smart Home Speaker Market in the US 2022-2026: Vendor Analysis
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
Smart Home Speaker Market in the US 2022-2026: Key Highlights
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Table Of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Platform
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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