The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global smart speaker market was valued at US$ 5.08 Billion in 2021.
We expect the global smart speaker market to exhibit a CAGR of 26.10% during 2022-2027.
The emergence of home automation system, coupled with the rising integration of numerous
advanced technologies, such as AI and IoT, is currently driving the global smart speaker market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of smart speakers.
Based on the component, the global smart speaker market has been categorized into hardware and
software. Currently, software holds the majority of the total market share.
Based on the intelligent virtual assistant, the global smart speaker market can be segmented into
Amazon Alexa, Google Assistant, Siri, Cortana, and others. Among these, Amazon Alexa represents
the largest market share.
Based on the distribution channel, the global smart speaker market has been divided into online and
offline, where online channel exhibits clear dominance in the market.
Based on the end user, the global smart speaker market can be bifurcated into personal and
commercial. Currently, personal segment accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global smart speaker market include Alibaba Group Holding
Limited, Altec Lansing, Amazon.com Inc., Apple Inc., Baidu Inc., Bose Corporation, Google LLC,
Lenovo Group Limited, LG Electronics Inc., Onkyo Corporation (VOXX International Corp.), Panasonic
Corporation, Samsung Electronics Co. Ltd., Sonos Inc., Sony Corporation, and Xiaomi Inc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at