A smart speaker is a type of loudspeaker and voice command device with an integrated virtual assistant that offers interactive actions and hands-free activation with the help of one "hot word" (or several "hot words"). Some smart speakers can also act as a smart device that utilizes Wi-Fi, Bluetooth and other protocol standards to extend usage beyond audio playback, such as to control home automation devices. This can include, but is not limited to, features such as compatibility across a number of services and platforms, peer-to-peer connection through mesh networking, virtual assistants, and others. Each can have its own designated interface and features in-house, usually launched or controlled via application or home automation software. Some smart speakers also include a screen to show the user a visual response.
A smart speaker with a touchscreen is known as a smart display. It is a smart Bluetooth device that integrates conversational user interface with display screens to augment voice interaction with images and video. They are powered by one of the common voice assistants and offer controls for smart home devices, feature streaming apps and web browsers with touch controls for selecting content.
This report contains market size and forecasts of Smart Speakers in global, including the following market information:
Global Smart Speakers Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Smart Speakers Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Smart Speakers companies in 2021 (%)
The global Smart Speakers market was valued at 11290 million in 2021 and is projected to reach US$ 21860 million by 2028, at a CAGR of 9.9% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
with Displays Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Smart Speakers include Amazon, Google, Alibaba, Baidu, Xiaomi and Apple, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Speakers manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Speakers Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Smart Speakers Market Segment Percentages, by Type, 2021 (%)
with Displays
without Displays
Global Smart Speakers Market, by Sales Channel, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Smart Speakers Market Segment Percentages, by Sales Channel, 2021 (%)
Online
Offline
Global Smart Speakers Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Smart Speakers Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Speakers revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Smart Speakers revenues share in global market, 2021 (%)
Key companies Smart Speakers sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Smart Speakers sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Amazon
Google
Alibaba
Baidu
Xiaomi
Apple