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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

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

“Smart speaker market projected to grow at a CAGR of 34.44% during forecast period”
According to the new market research report, 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.

“Smart speaker market for Siri to grow at highest CAGR between 2018 and 2023”
This report covers the following intelligent virtual assistants (IVAs): Alexa, Google 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 established market for its smart devices. Siri’s main advantage over other IVAs is its virtual surround sound technology 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.

“Smart home application held largest share of smart speaker market in 2017”
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.
“Smart speaker market for software to grow at higher CAGR between 2018 and 2023”
This report has been segmented on the basis of components into hardware and software. IVA platform in a smart speaker compliments hardware by storing and recalling spatial data and allows live data streaming rather than static data. These functions require software with high computing and functionality, which would require advanced software.

“Smart speaker market in RoW expected to grow at highest CAGR between 2018 and 2023”
This report covers the following regions: North America, Europe, APAC, and RoW. 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.

BREAKDOWN OF PROFILES OF PRIMARY PARTICIPANTS

• By Company Type: Tier 1—55%, Tier 2—25%, and Tier 3—20%
• By Designation: Directors—50%, Managers—20%, Vice Presidents—25%, and Others—5%
• By Region: North America—40%, APAC—15%, Europe—35%, and RoW—10%

Companies profiled in the report are Amazon (US), Harman International (US), Apple (US), Sonos (US), Alphabet (US), Bose (US), Sony (Japan), Onkyo (Japan), Panasonic (Japan), Alibaba (China), Pioneer (Japan), Altec Lansing (US), Lenovo (US), Xioami (China), and SK Telecom (South Korea). This report also covers the following key innovators: Invoxia (France), Avnera (US), Fabriq (US), D&M Holdings (Japan), and Anker (US).

Research Coverage
Smart speakers are mainly used in smart home, smart office, consumer, commercial, and automotive applications. On the basis of components, this market has been segmented into hardware and software. This report also covers the following IVAs: Alexa, Google Assistant, Siri, Cortana, and others. The market is divided on the basis of regions into North America, Europe, APAC, and RoW.

Reasons to Buy the Report
• This report includes the market statistics pertaining to IVA, application, component, and region, along with their respective revenues.
• The value chain analysis is provided with an in-depth insight into the smart speaker market.
• Major drivers, restraints, challenges, and opportunities pertaining to the smart speaker market are detailed in this report.
• Illustrative segmentation, analysis, and forecast for the smart speaker market based on application, IVA, component, and geography are conducted to provide an overall view of the smart speaker market.
• A detailed competitive landscape is provided for the top 5 companies, including their revenues.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR STUDY
    • CURRENCY
    • LIMITATIONS
    • DISCLAIMER
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN SMART SPEAKER MARKET DURING THE FORECASTED PERIOD
    • SMART SPEAKER MARKET FOR ALEXA, BY APPLICATION
    • SMART SPEAKER MARKET FOR CONSUMER APPLICATION, BY REGION
    • SMART SPEAKER MARKET FOR SMART HOME APPLICATION, BY IVA
    • NORTH AMERICAN SMART SPEAKER MARKET, BY COUNTRY
    • SMART SPEAKER MARKET FOR HARDWARE, BY COMPONENT
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table REVENUE CONTRIBUTION FROM SMART HOME MARKET IN SMART CITY
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT
    • INTRODUCTION
      • Table SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (MILLION UNITS)
    • ALEXA
      • Table SMART SPEAKER MARKET FOR ALEXA, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR ALEXA, BY APPLICATION, 2016-2023 (MILLION UNITS)
    • GOOGLE ASSISTANT
      • Table SMART SPEAKER MARKET FOR GOOGLE ASSISTANT, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR GOOGLE ASSISTANT, BY APPLICATION, 2016-2023 (MILLION UNITS)
    • CORTANA
      • Table SMART SPEAKER MARKET FOR CORTANA, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR CORTANA, BY APPLICATION, 2016-2023 (MILLION UNITS)
    • SIRI
      • Table SMART SPEAKER MARKET FOR SIRI, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SIRI, BY APPLICATION, 2016-2023 (MILLION UNITS)
    • OTHERS
      • Table SMART SPEAKER MARKET FOR OTHERS, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR OTHERS, BY APPLICATION, 2016-2023 (MILLION UNITS)
  • SMART SPEAKER MARKET, BY COMPONENT
    • INTRODUCTION
      • Table SMART SPEAKER MARKET, BY COMPONENT, 2016-2023 (USD MILLION)
    • HARDWARE
      • Table SMART SPEAKER MARKET FOR HARDWARE, BY COMPONENT, 2016-2023 (USD MILLION)
      • PROCESSOR
      • MEMORY
      • POWER IC
      • CONNECTIVITY IC
      • MICROPHONE
      • SPEAKER DRIVER
      • AUDIO IC
      • OTHERS
    • SOFTWARE
  • SMART SPEAKER MARKET, BY APPLICATION
    • INTRODUCTION
      • Table SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (MILLION UNITS)
    • SMART HOME
      • Table SMART SPEAKER MARKET FOR SMART HOME, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART HOME, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART HOME, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (MILLION UNITS)
    • CONSUMER
      • Table SMART SPEAKER MARKET FOR CONSUMER, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR CONSUMER, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR CONSUMER, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (MILLION UNITS)
    • SMART OFFICE
      • Table SMART SPEAKER MARKET FOR SMART OFFICE, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART OFFICE, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART OFFICE, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (MILLION UNITS)
    • OTHERS
      • Table SMART SPEAKER MARKET FOR OTHER APPLICATIONS, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR OTHER APPLICATIONS, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR OTHER APPLICATIONS, BY INTELLIGENT VIRTUAL ASSISTANT, 2016-2023 (MILLION UNITS)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SMART SPEAKER MARKET, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICAN SMART SPEAKER MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN SMART SPEAKER MARKET FOR SMART HOME, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN SMART SPEAKER MARKET FOR CONSUMER, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN SMART SPEAKER MARKET FOR SMART OFFICE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN SMART SPEAKER MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • US
        • Table SMART SPEAKER MARKET IN US, BY APPLICATION, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADIAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPEAN SMART SPEAKER MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPEAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPEAN SMART SPEAKER MARKET FOR SMART HOME, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPEAN SMART SPEAKER MARKET FOR CONSUMER, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPEAN SMART SPEAKER MARKET FOR SMART OFFICE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPEAN SMART SPEAKER MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2016-2023 (USD MILLION)
      • UK
        • Table SMART SPEAKER MARKET IN UK, BY APPLICATION, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF EUROPE
        • Table SMART SPEAKER MARKET IN REST OF EUROPE, BY APPLICATION, 2016-2023 (USD MILLION)
    • APAC
      • Table SMART SPEAKER MARKET IN APAC, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET IN APAC, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART HOME IN APAC, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR CONSUMER IN APAC, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART OFFICE IN APAC, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINESE SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPANESE SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • REST OF APAC
        • Table SMART SPEAKER MARKET IN REST OF APAC, BY APPLICATION, 2016-2023 (USD MILLION)
    • REST OF THE WORLD
      • Table SMART SPEAKER MARKET IN ROW, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET IN ROW, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART HOME IN ROW, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR CONSUMER IN ROW, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR SMART OFFICE IN ROW, BY REGION, 2016-2023 (USD MILLION)
      • Table SMART SPEAKER MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2016-2023 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table SMART SPEAKER MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2016-2023 (USD MILLION)
      • SOUTH AMERICA
        • Table SOUTH AMERICAN SMART SPEAKER MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • SMART SPEAKER MARKET RANKING ANALYSIS
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES AND NEW PRODUCT DEVELOPMENTS
        • Table PRODUCT LAUNCHES AND NEW PRODUCT DEVELOPMENTS (2015-2017)
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS (2016-2017)
      • EXPANSIONS
        • Table EXPANSIONS (2016-2017)
  • COMPANY PROFILES
    • KEY PLAYERS
      • AMAZON
      • HARMAN INTERNATIONAL
      • APPLE
      • SONOS
      • ALPHABET
      • BOSE
      • SONY
      • ONKYO
      • PANASONIC
      • ALIBABA
      • PIONEER
      • ALTEC LANSING
      • LENOVO
      • XIAOMI
      • SK TELECOM
    • OTHERS KEY PLAYES
      • BAIDU
      • ULTIMATE EARS
      • LG ELECTRONICS
      • MOBVOI
      • LIBRATONE
    • KEY INNOVATORS
      • INVOXIA
      • AVNERA
      • FABRIQ
      • D&M HOLDINGS
      • ANKER
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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