The smart speaker is a wireless speaker which is equipped with Bluetooth, Wi-Fi, or other wireless protocols and powered by a virtual assistant. It is mainly driven by artificial intelligence. These speakers are the latest technological innovation dominating the consumer technology market and are activated by a voice command to perform different tasks such as listening to music and online shopping. The growing penetration of the Internet of Things (IoT) and connected devices provides huge opportunity in the growth of the very market due to the reduction in computing costs and growing Wi-Fi connectivity.
The Smart Speaker Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better-informed decisions.
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Major Players are:
Apple (United States),Google (United States),Bose (United States),Harman (United States),Sony (Japan),Pioneer (Japan),Onkyo (Japan),LG Electronics (South Korea),Altec Lansing (United States),Avnera (United States),Panasonic (Japan),DandM Holdings (Japan),Sharp (Japan),Xioami (China)
Growing trend of personalization
Surging penetration of IoT technology
Rapid proliferation of multifunctional devices
Increasing number of smart homes in both developed and developing economies
High security risk
Wide availability of substitute
Increasing consumer preference for technologically advanced products
Soaring focus of companies on enhancing customer experience
The titled segments and sub-section of the market are illuminated below:
Type (Single Room, Double-Room, Multi-Room), Application (Smart Home, Smart Office, Consumer, Others (Commercial and Automotive)), Component Type (Hardware (Speaker Driver)
Advance Market Analytics released a new market study covering the current COVID-19 impact on the Smart Speaker Market with detailed insights on latest scenario, economic slowdown on overall industry. This report will help you to identify which types of companies could potentially benefit from the impact of COVID-19, as well as those business segments that are set to lose out.
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Significant Facets concerning the Report:
If you are involved in the Smart Speaker industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date with some major players in the industry. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.
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Strategic Points Covered in Table of Content of Smart Speaker Market:
Chapter 1: Executive Summary
Chapter 2: Abbreviation and Acronyms
Chapter 3: Preface
3.1 Research Scope
3.2 Research Methodology
3.2.1 Primary Sources
3.2.2 Secondary Sources
Chapter 4: Market Landscape
4.1 Market Overview
4.3 Application/End Users
Chapter 5: Market Trend Analysis
Chapter 6: Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 “Regulatory Affairs Outsourcing.” Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
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