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Smart Sound and Gateway Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smart sound and gateway market size reached US$ 25.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 131.14 Billion by 2027, exhibiting a growth rate (CAGR) of 27.70% during 2022-2027.

A smart speaker refers to a wireless, internet-enabled device that offers a smart audio playback using several types of connectivity for additional functions. It is equipped with a unique, patented technology known as smart sound that recognizes, responds to voice commands, and quickly manipulates music content. It is commonly used to stream live news, read e-books, play music, and set reminders and alarms. On the other hand, a gateway is a physical platform or device that serves as the connection point between sensors and intelligent devices and the cloud and controllers. Smart sound and gateway provide dedicated audio and voice processing to support voice wake functions and reduce device power consumption. Besides this, it assists in clear voice recognition, uncompromised sound, great battery life, and enhanced audio playback.

Smart Sound and Gateway Market Trends:

The increasing consumer propensity towards the adoption and usage of connected devices across the globe is creating a positive outlook for the market. Additionally, the rising penetration of high-speed internet and the growing access to smartphones is acting as another growth-inducing factor. Moreover, the increasing demand for smart speakers with virtual assistance to play music, provide information, deliver news and sports scores, weather, and control smart homes is positively influencing the market. In line with this, smart speakers with a display are projected to gain traction in the upcoming years as they can offer a centralized platform to control multifunctional devices, which, in turn, has prompted various prominent vendors to spread their presence in the segment through the integration of advanced technologies. Apart from this, the widespread adoption of Google Assistant, a virtual assistant software application developed by Google, to provide accurate information on search and maps and translate other languages is providing an impetus to the market growth. Furthermore, extensive research and development (R&D) activities to launch innovative smart sound and gateway systems with advanced features, functions, and compatibility with other devices are favoring the market growth. Other factors, including the increasing expenditure capacities of consumers, improving lifestyles, and integration of Internet of Things (IoT) and artificial intelligence (AI) technology, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart sound and gateway market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on virtual assistant and solution.

Breakup by Virtual Assistant:

  • Alexa
  • Google Assistant
  • Siri
  • AliGenie
  • Xiao AI
  • Multiple Virtual Assistant Support Speakers
  • Others
     

Breakup by Solution:

  • Smart Speaker (Only Hardware)
  • Hearables (Only Hardware)
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc., Apple Inc., Baidu Inc., Bose Corporation, Google LLC (Alphabet Inc.), Plantronics Inc. (HP Development Company L.P), Sonos Inc. and Xiaomi Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Virtual Assistant, Solution, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amazon.com Inc., Apple Inc., Baidu Inc., Bose Corporation, Google LLC (Alphabet Inc.), Plantronics Inc. (HP Development Company L.P), Sonos Inc. and Xiaomi Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart sound and gateway market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart sound and gateway market?
  • What are the key regional markets?
  • What is the breakup of the market based on the virtual assistant?
  • What is the breakup of the market based on the solution?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart sound and gateway market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Sound and Gateway Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Virtual Assistant
    6.1    Alexa
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Google Assistant
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Siri
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    AliGenie
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Xiao AI
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Multiple Virtual Assistant Support Speakers
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Solution
    7.1    Smart Speaker (Only Hardware)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Hearables (Only Hardware)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Amazon.com Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Apple Inc.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Baidu Inc.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Bose Corporation
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 SWOT Analysis
        13.3.5    Google LLC (Alphabet Inc.)
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 SWOT Analysis
        13.3.6    Plantronics Inc. (HP Development Company L.P)
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Sonos Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Xiaomi Corporation
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio

List of Figures

Figure 1: Global: Smart Sound and Gateway Market: Major Drivers and Challenges
Figure 2: Global: Smart Sound and Gateway Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Sound and Gateway Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Sound and Gateway Market: Breakup by Virtual Assistant (in %), 2021
Figure 5: Global: Smart Sound and Gateway Market: Breakup by Solution (in %), 2021
Figure 6: Global: Smart Sound and Gateway Market: Breakup by Region (in %), 2021
Figure 7: Global: Smart Sound and Gateway (Alexa) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Smart Sound and Gateway (Alexa) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Smart Sound and Gateway (Google Assistant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Smart Sound and Gateway (Google Assistant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Smart Sound and Gateway (Siri) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Smart Sound and Gateway (Siri) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Smart Sound and Gateway (AliGenie) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Smart Sound and Gateway (AliGenie) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Smart Sound and Gateway (Xiao AI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Smart Sound and Gateway (Xiao AI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Smart Sound and Gateway (Multiple Virtual Assistant Support Speakers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Smart Sound and Gateway (Multiple Virtual Assistant Support Speakers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Smart Sound and Gateway (Other Virtual Assistants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Smart Sound and Gateway (Other Virtual Assistants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Smart Sound and Gateway (Smart Speaker (Only Hardware)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Smart Sound and Gateway (Smart Speaker (Only Hardware)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Smart Sound and Gateway (Hearables (Only Hardware)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Smart Sound and Gateway (Hearables (Only Hardware)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Smart Sound and Gateway Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Smart Sound and Gateway Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Smart Sound and Gateway Industry: SWOT Analysis
Figure 75: Global: Smart Sound and Gateway Industry: Value Chain Analysis
Figure 76: Global: Smart Sound and Gateway Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Sound and Gateway Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Sound and Gateway Market Forecast: Breakup by Virtual Assistant (in Million US$), 2022-2027
Table 3: Global: Smart Sound and Gateway Market Forecast: Breakup by Solution (in Million US$), 2022-2027
Table 4: Global: Smart Sound and Gateway Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Smart Sound and Gateway Market: Competitive Structure
Table 6: Global: Smart Sound and Gateway Market: Key Players


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