
Speaker
Description
Speaker
Global Speakers Market to Reach $247.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Speakers estimated at US$50.2 Billion in the year 2020, is projected to reach a revised size of US$247.7 Billion by 2027, growing at a CAGR of 25.6% over the analysis period 2020-2027. True Wireless Stereo, one of the segments analyzed in the report, is projected to record a 30.1% CAGR and reach US$126.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Smart Speakers segment is readjusted to a revised 24.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.9 Billion, While China is Forecast to Grow at 34.4% CAGR
The Speakers market in the U.S. is estimated at US$13.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$64.7 Billion by the year 2027 trailing a CAGR of 35% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.4% and 22.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$36.1 Billion by the year 2027.
Home Audio Speakers Segment to Record 18.8% CAGR
In the global Home Audio Speakers segment, USA, Canada, Japan, China and Europe will drive the 18.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8 Billion in the year 2020 will reach a projected size of US$25.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 19.1% CAGR through the analysis period.
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Global Speakers Market to Reach $247.7 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Speakers estimated at US$50.2 Billion in the year 2020, is projected to reach a revised size of US$247.7 Billion by 2027, growing at a CAGR of 25.6% over the analysis period 2020-2027. True Wireless Stereo, one of the segments analyzed in the report, is projected to record a 30.1% CAGR and reach US$126.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Smart Speakers segment is readjusted to a revised 24.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.9 Billion, While China is Forecast to Grow at 34.4% CAGR
The Speakers market in the U.S. is estimated at US$13.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$64.7 Billion by the year 2027 trailing a CAGR of 35% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.4% and 22.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$36.1 Billion by the year 2027.
Home Audio Speakers Segment to Record 18.8% CAGR
In the global Home Audio Speakers segment, USA, Canada, Japan, China and Europe will drive the 18.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8 Billion in the year 2020 will reach a projected size of US$25.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 19.1% CAGR through the analysis period.
Select Competitors (Total 46 Featured) -
- Alibaba Group Holding Ltd.
- Amazon.com, Inc.
- Apple, Inc.
- Baidu, Inc.
- Bose Corporation
- Google LLC
- Plantronics, Inc.
- Samsung Electronics Co., Ltd.
- Sonos, Inc.
- Xiaomi, Inc.
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Table of Contents
296 Pages
- I. METHODOLOGY
- II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Smart Speaker – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS
- 3. MARKET TRENDS & DRIVERS
DRIVERS - 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Smart Speaker by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 2: World 7-Year Perspective for Smart Speaker by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
- TABLE 3: World Recent Past, Current & Future Analysis for Alexa by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 4: World 7-Year Perspective for Alexa by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
- TABLE 5: World Recent Past, Current & Future Analysis for Google by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 6: World 7-Year Perspective for Google by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
- TABLE 7: World Recent Past, Current & Future Analysis for Siri by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 8: World 7-Year Perspective for Siri by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
- TABLE 9: World Recent Past, Current & Future Analysis for Other Assistants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 10: World 7-Year Perspective for Other Assistants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
- TABLE 11: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 12: World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
- TABLE 13: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 14: World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
- TABLE 15: World Smart Speaker Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
- III. MARKET ANALYSIS
- UNITED STATES
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
- TABLE 16: USA Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 17: USA 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 18: USA Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 19: USA 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- CANADA
- TABLE 20: Canada Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 21: Canada 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 22: Canada Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 23: Canada 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- JAPAN
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
- TABLE 24: Japan Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 25: Japan 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 26: Japan Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 27: Japan 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- CHINA
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
- TABLE 28: China Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 29: China 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 30: China Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 31: China 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- EUROPE
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
- TABLE 32: Europe Recent Past, Current & Future Analysis for Smart Speaker by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 33: Europe 7-Year Perspective for Smart Speaker by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
- TABLE 34: Europe Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 35: Europe 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 36: Europe Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 37: Europe 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- FRANCE
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
- TABLE 38: France Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 39: France 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 40: France Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 41: France 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- GERMANY
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
- TABLE 42: Germany Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 43: Germany 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 44: Germany Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 45: Germany 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- ITALY
- TABLE 46: Italy Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 47: Italy 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 48: Italy Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 49: Italy 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- UNITED KINGDOM
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
- TABLE 50: UK Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 51: UK 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 52: UK Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 53: UK 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- REST OF EUROPE
- TABLE 54: Rest of Europe Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 55: Rest of Europe 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 56: Rest of Europe Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 57: Rest of Europe 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- ASIA-PACIFIC
- Smart Speaker Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
- TABLE 58: Asia-Pacific Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 59: Asia-Pacific 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 60: Asia-Pacific Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 61: Asia-Pacific 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- REST OF WORLD
- TABLE 62: Rest of World Recent Past, Current & Future Analysis for Smart Speaker by Assistant - Alexa, Google, Siri and Other Assistants - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 63: Rest of World 7-Year Perspective for Smart Speaker by Assistant - Percentage Breakdown of Value Sales for Alexa, Google, Siri and Other Assistants for the Years 2021 & 2027
- TABLE 64: Rest of World Recent Past, Current & Future Analysis for Smart Speaker by Component - Hardware and Software - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 65: Rest of World 7-Year Perspective for Smart Speaker by Component - Percentage Breakdown of Value Sales for Hardware and Software for the Years 2021 & 2027
- IV. COMPETITION
Pricing
Currency Rates
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