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Smart Speaker Market Share

Report ID: GMI1757
Published Date: Jul 2018
Report Format: PDF

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Smart Speaker Market Share

Prominent companies in the smart speaker market comprise of

Amazon
Apple, Inc.
Google, Inc
Sonos
Sony
Onkyo
Fabriq
Harman International
Lenovo

The industry is characterized by intense competition among the players to develop products with innovative functionalities. These companies are investing in product development on a large scale to cater to the increasingly increasing consumer demand.

The participants in the market are increasingly investing in research & development to improve the functionalities of their devices to combat the increasing competition.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of smart speaker estimated to be over USD 4.5 billion in 2017.

The industry share of smart speaker is expected to grow at CAGR of over 20% from 2018 to 2024.

According to the analysts at GMI, the global industry shipments are forecast to reach 500 million units by 2024.

The U.S. market is expected to grow at a CAGR of over 25% during the forecast period due to increasing penetration of smart homes in the country.

Prominent players in the market include Amazon, Apple, Inc., Google, Inc, Sonos, Sony, Onkyo, Fabriq, Harman International, and Lenovo.

Intelligent virtual assistant devices like Siri or Alexa enabled smart speakers are projected to foresee tremendous growth during the estimated time frame owing to the large, well-established marketplace for both Amazon and Apple for smart devices.