Smart and Networked Speaker Market

Introduction

Smart homes are witnessing a growing adoption globally with multiple device manufacturers making efforts to include connected properties into their devices. Objects such as furniture and locks are also getting connected, as manufactures search for better ways to catch up to the trend of digitization. With the increase in number of connected objects per household the need for a centralized control infrastructure has also emerged.

Addressing the need for centralized control system smart and networked speakers connect to the central internet of a household and serve as a control point for multiple connected systems. Smart and networked speaker integrate voice assistants and are primarily driven by voice commands captured by an inbuilt microphone.

Smart and Networked speakers feature connectivity technologies such as Bluetooth, Wi-Fi and NFC that enable them to have widespread connectivity to control devices including smart lighting, security systems, smart kitchen appliances and thermostat among others.

Smart and Networked Speaker Market: Drivers & Challenges

Smart and networked speakers are witnessing an upsurge in the demand as they serve as an integral connecting point between the web of interconnected smart devices deployed in a smart home.

Smart and networked speakers have also witnessed a wave of new functionalities being added to them by way of integration of multiple technology improvements in the way of new technology integrations. The increase in the number of use cases that can be addressed by smart speakers is thus driving the demand for smart and networked speakers.

Smart and Networked Speaker Market: Segmentation

Segmentation of Smart and Networked Speaker, By Technology:

• Bluetooth
• Wi-Fi
• NFC
• Others

Smart and Networked Speaker Market: Competitive Landscape

• Key Contracts/ Acquisitions
  • LG will be debuting its premium range AI enabled smart speaker that will work on Google’s Voice Assistant platform. The company has also developed a range of features in collaboration with Google.
• Key Players
  • The major players in Smart and Networked Speaker market include Altec Lansing, LLC, Amazon.com, Inc., Apple Inc., Bose Corporation, Devialet, Google LLC, Harman International Industries, Incorporated, Koninklijke Philips N.V., Sonos Inc. and Sony Corporation.

The report covers exhaustive analysis on:

• Smart and Networked Speaker Market Segments
• Historical Actual Market Size, 2012 - 2016
• Smart and Networked Speaker Market Size & Forecast 2017 to 2027
• Supply & Demand Value Chain
• Smart and Networked Speaker Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Smart and Networked Speaker Market Drivers and Restraints

Regional analysis for Smart and Networked Speaker Market includes development of these systems in the following regions:

• North America
  • US & Canada
• Latin America
  • Brazil, Mexico, Others
• Europe
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • BENELUX
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint

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