Global smart voice assistant speaker market is likely to grow at a CAGR of 43.68% in terms of shipment during 2016-2022
Smart Voice Assistant Speaker Market - Report Insights
A smart voice assistant speaker, which is also known as a voice-activated speaker or voice-controlled speaker or VPA-enabled speaker, is a smart device by which a user can control using its voice. The speaker uses artificial intelligence (AI) to play music, find information, and control other connected devices in the house. A smart voice assistant speaker makes use of voice assistant platforms such as Alexa by Amazon, Google Assistant by Google, Cortana by Microsoft, and other voice assistant platforms.
Scope of the Report
The report “Global Smart Voice Assistant Speaker Market - Strategic Assessment and Forecast 2017-2022â€, considers the present scenario of the global smart voice assistant speaker market and its strategic assessment for the period 2017-2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
The report provides the analysis of key segments of the market in terms distribution channel, geography, and vendors. It provides a detailed analysis of the revenue from the following segments:
• Revenue
• Shipment
By Distribution Channels
1. Retail
• Mass Market Players
• Electronic Stores
2. Online stores
By Geography
• APAC
• Europe
• North America
• RoW
The report includes leading trends, drivers, and restraints for each region.
Smart Voice Assistant Speaker Market - Market Size and Dynamics
Analysts at Beige Market Intelligence expect that the global smart voice assistant speaker market is likely to post a CAGR of 43.68% and 30.45% in terms of unit shipment and revenue, respectively during 2016-2022. The market growth is more profound in developed markets such as Western Europe and North America. Modern and fast-paced lifestyle in developed countries such as the US, Canada, the UK, and Germany has led to the consumption of products that offer ease-of-use and convenience. In such countries, the penetration of smart homes has also increased, driving the sale of smart devices.
Apart from an increasing demand from developed markets, factors such as the integration of voice assistance technology in household appliances and enhanced marketing and visibility of these products online have contributed to the growth of the market.
Furthermore, the online retail market for smart voice assistant speakers is particularly well-developed and is growing, with the presence of online retailers such as Amazon, JD.com, and eBay offering products from vendors.
Smart Voice Assistant Speaker Market - Trends, Drivers, and Restraints
Increasing popularity of voice-first technology, rising investment on IoT by vendors, and growing push for digital economy in developing economies are a few emerging trends described in the report. Further, the report includes a detailed study of emerging trends, factors driving the growth, and expected challenges of the market during the period 2017-2022. Similarly, increased instances of voice searches, penetration of broadband and internet connections, and increased adoption of smart homes are among the major factors that are expected to drive the growth of the global voice assistant speaker market. The report also includes Porter’s Five Forces analysis and its impact on the market.
Smart Voice Assistant Speaker Market - Geographical Analysis
The report includes the market analysis of different regions such as North America, Latin America, APAC, MEA, and Europe. It outlines the major market shareholders and the market size analysis of all regions. North America was the largest market for global smart voice assistant speaker, in 2016, both in terms of unit shipment and value. It is expected to remain the market leader in 2022. The US was the only market in North America where these devices were launched officially in May 2017. However, Google Home is set to release in the Canadian market in the second half of 2017. Europe can be termed as the second largest market after North America. Europe was led by Germany and the UK where Amazon launched Echo in September 2016. Connected devices are witnessing a high popularity in the European market, and smart voice assistant speakers are also gaining popularity. Europe is likely to account for a double-digit market share both in terms of revenue and unit shipment in 2022.
Smart Voice Assistant Speaker Market -Key Vendors and Market Share
The global smart voice assistant speaker market has high growth potential. Vendors are increasingly indulging in distribution and forming conglomerates to cash on several opportunities. The profitability potential is driving vendors to invest in the market. The report profiles major companies in the global market and provides the competitive landscape and market share of the leading players. It covers the entire market outlook regarding the value chain operating in the market.
• Alphabet (Google)
• Amazon
The other prominent vendors included in the report are Beijing LingLong, Fabriq, Jam Audio, HARMAN, Invoxia, Lenovo, Mattel, Mycroft, NVIDIA, Sony.
Other emerging vendors are Swan Solutions, Cubic Robotics, Silk Labs, Protonet, Interactive Voice, SPACO.
Why should you buy the report?
The report provides answers to the following questions related to the global smart voice assistant speaker market.
1. What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
2. What are the various factors that can affect the market over the next few years?
3. What are the major emerging trends and challenges for the market over the next five years?
4. What is the market size and market forecast for each product segment and end-user type?
5. Which region is expected to witness the highest market share and what are the factors driving the growth in that region?
6. What is the sale growth rate in key geographies?
7. Which are the major countries in terms of market size and market forecast?
8. Which are the key vendors in the market?
9. What are the main strategies implemented by the leading vendors to increase growth opportunities?
10. Which are the key emerging vendors in the market?
Section 1 Research Methodology
Section 2 Report Coverage
2.1 Executive Summary
2.2 Scope of the Study
2.2.1 Definition of Product
2.2.2 Distribution Channel
2.2.3 End-user Segments
2.2.4 Base Year
2.2.5 Geography
2.3 Market Size Calculation Methodology
2.4 Report Assumptions
2.5 Vendor Segmentation
2.6 Common Currency Conversion Rates
Section 3 Market Landscape
3.1 Introduction
3.1.1 Virtual-assistance Technology
3.2 Macroeconomic Factors Helping in Market Growth
3.2.1 Per Capita GDP in Developing Markets
3.2.2 Dual-income Households in Developed Markets
Section 4 Key Market Trends
4.1.2 YoY Impact of Market Trends
4.1.3 Impact of Market Trends on Geographies in 2016
4.1.4 Sensitivity Analysis of Key Market Trends
Section 5 Key Market Growth Drivers
5.1.1 YoY Impact of Market Drivers
5.1.2 Impact of Market Drivers on Geography in 2016
Section 6 Key Market Restraints
6.1.1 YoY Impact of Market Restraints
6.1.2 Impact of Market Restraints on Geographies in 2016
Section 7 Value Chain Analysis
7.1 Value Chain of Global Smart Voice-assistant Speaker Market
7.1.1 Raw Materials
7.1.2 Manufacturers
7.1.3 Distributors/Dealers
7.1.4 Retailers
7.1.5 End-user
Section 8 Global Market Size and Forecast
8.1 Global Smart Voice-assistant Speaker Market
8.1.1 Historical Data: 2014-2015
8.1.2 Market Size and Forecast 2016?2022
8.2 Five Forces Analysis
8.2.1 Threat of New Entrants
8.2.2 Bargaining Power of Suppliers
8.2.3 Bargaining Power of Buyers
8.2.4 Threat of Substitutes
8.2.5 Competitive Rivalry
Section 9 Market Segmentation by Distribution Channels
9.1 Distribution Channels of Global Smart Voice-assistant Speaker Market
9.1.1 Manufacture, Production, and Distribution
9.1.2 Distribution through Retail Stores
9.1.3 Distribution through Online Websites
Section 10 Geographical Segmentation
10.1 Market Overview
Section 11 Smart Voice Assistant Speaker Market in North America
11.1 Market Size and Forecast 2016?2022
11.2 Key Countries
11.3 Leading Trend, Driver, and Restraint
Section 12 Smart Voice-Assistant Speaker Market in Europe
12.1 Market Size and Forecast 2016?2022
12.2 Key Countries
12.3 Leading Trend, Driver, and Restraint
Section 13 Smart Voice-Assistant Speaker Market in APAC
13.1 Market Size and Forecast 2016?2022
13.2 Key Countries
13.3 Leading Trend, Driver, and Restraint
Section 14 Smart Voice-Assistant Speaker Market in RoW
14.1 Key Countries
14.2 Leading Trend, Driver, and Restraint
Section 15 Vendor Landscape
15.1 Competitive Landscape
15.2 Market Structure and Mapping of Competition
Section 16 Key Vendor Analysis
16.1 Alphabet (Google)
16.1.1 Business Overview
16.1.2 Business Segment
16.1.3 Geographical Segment
16.1.4 Google in Smart Voice-assistant Speaker Market
16.1.5 Product Offerings
16.1.6 Key Strategies
16.1.7 Key Strengths
16.1.8 Key Opportunities
16.2 Amazon.com
16.2.1 Business Overview
16.2.2 Business Segment
16.2.3 Amazon in Smart Voice-assistant Speaker Market
16.2.4 Product Offerings
16.2.5 Key Strategies
16.2.6 Key Strength
16.2.7 Key Opportunities
Section 17 Other Vendors with Prominent Presence in Market
17.1 Apple
17.2 Beijing LingLong
17.3 Fabriq
17.4 JAM Audio
17.5 HARMAN International Industries
17.6 Invoxia
17.7 Lenovo
17.8 Mattel
17.9 Mycroft AI
17.10 NVIDIA
17.11 Sony
17.12 Other Prominent Vendors Worth Mentioning (Product in Development Stage as of February 2017)
Section 18 Summary of the Report
18.1 Descriptive Summary
Section 19 Summary of Figures
Section 20 Appendix
20.1 List of Abbreviations
Exhibits
Exhibit 1 Summary of Global Smart Voice-assistant Speaker Market 2016?2022
Exhibit 2 Global Smart Voice-assistant Speaker Market at a Glance 2016
Exhibit 3 Major Countries Considered in Different Geographies
Exhibit 4 Market Size Calculation Approach 2016
Exhibit 5 Various Factors Considered for this Report
Exhibit 6 Common Currency Conversion 2013?2016
Exhibit 7 Several Virtual Assistants in Market (May 2017)
Exhibit 8 Real GDP per Capita Growth in Various Developing Countries 2013-2015
Exhibit 9 Dual-income Households in US (1970 Vs. 2015)
Exhibit 10 Google Trends for Voice Searches June 2008-March 2017
Exhibit 11 Average IoT Expenditure by Various Industries 2015 (overall % of revenue)
Exhibit 12 Expected Contribution of Mobile Internet and IoT in GDP Growth in APAC by 2025
Exhibit 13 Digitization Plans of Select Countries in APAC
Exhibit 14 Sensitivity Analysis of Key Market Trends 2016-2022
Exhibit 15 Primary Reason for Using Voice Assistants and Voice Searches in US 2016
Exhibit 16 Primary Place of Voice Usage by US Nationals 2016
Exhibit 17 Voice Query on Hound Application in US by Major Categories
Exhibit 18 Total Fixed Broadband Subscriptions by Various Countries as of June 2016 (million)
Exhibit 19 Total Mobile Broadband Subscriptions by Select Countries as of June 2016 (million)
Exhibit 20 Number of Smart Homes in North America and Europe by Installed Base 2015?2020 (million units)
Exhibit 21 Internet Penetration (Percentage of Internet Users against Overall Population) March 2017
Exhibit 22 Average Internet Speed in Select APAC Countries 2016
Exhibit 23 Value Chain Analysis of Smart Voice-assistant Speaker 2016
Exhibit 24 Global Smart Voice-assistant Speaker Market by Historical Data 2014?2015
Exhibit 25 Global Smart Voice-assistant Speaker Market 2016?2022 (million units)
Exhibit 26 End-user of Voice Search by Age Category October 2016-March 2017
Exhibit 27 Global Smart Voice-assistant Speaker Market 2016?2022 ($ million)
Exhibit 28 Comparison of CAGR of Global Speaker Market vis-à-vis Global Smart Voice-assistant Speaker Market 2016?2022
Exhibit 29 ASP of Smart Voice-assistant Speaker 2014?2022 ($)
Exhibit 30 Global Urban and Rural Human Population 1950?2050 (million)
Exhibit 31 Women Workforce in Japan 1985 vs. 2014
Exhibit 32 Penetration of Smartphones in North America, Western Europe, and APAC 2010?2022
Exhibit 33 Global Internet-based Offline Retail Sales vis-à-vis Brick-and-mortar and Online Sales 2006?2022
Exhibit 34 Bose Product Bundling in Market
Exhibit 35 Five Forces Analysis 2016
Exhibit 36 Various Distribution Channels of Global Smart Voice-assistant Speaker Market
Exhibit 37 Distribution Channel Flow of Smart Voice-assistant Speakers
Exhibit 38 Global Smart Voice-assistant Speakers Market by Distribution Channels 2016
Exhibit 39 Market Share of Various Regions in Global Smart Voice-assistant Speaker Market 2016 and 2022
Exhibit 40 Comparison of CAGR of Key Geographies 2016-2022
Exhibit 41 Annual Saving Ratio of US 2008?2017
Exhibit 42 Smart Voice-assistant Speaker Market in North America 2016?2022 (million units)
Exhibit 43 Change in US GDP Growth Rate (Q1 2006 ? Q2 2016)
Exhibit 44 Smart Voice-assistant Speaker Market in North America 2016-2022 ($ million)
Exhibit 45 Smart Voice-assistant Speaker Market in Europe 2016?2022 (million units)
Exhibit 46 Changes in Per Capita Disposable Income in EU-28 Countries 2006?2015
Exhibit 47 Annual Saving Ratio of Western European Countries 2008?2017
Exhibit 48 Change in Annual Household Disposable Income in Europe 2008?2015 (%)
Exhibit 49 Smart Voice-assistant Speaker Market in Europe 2016?2022 ($ million)
Exhibit 50 Smart Voice-assistant Speaker Market in Europe by Key Countries (Unit Shipment) 2016
Exhibit 51 Smart Voice-assistant Speaker Market in APAC 2016?2022 (million units)
Exhibit 52 Gross Domestic Savings of China, India, and South Korea 2008?2014 (percentage of income)
Exhibit 53 Increase in Urban Population in APAC (Overall Population %) 2005?2045
Exhibit 54 Smart Voice-assistant Speaker Market in APAC 2016?2022 ($ million)
Exhibit 55 Comparison of Southeast Asian Countries with Income Brackets 2010?2025
Exhibit 56 Urban Households in China: Income Breakup 2010?2020
Exhibit 57 Smart Voice-assistant Speaker Market in RoW 2016-2022 (million units)
Exhibit 58 Smart Voice-assistant Speaker Market in RoW 2016-2022 ($ million)
Exhibit 59 Overview of Market Concentration in Various Geographies 2016 (as illustrated by HHI)
Exhibit 60 Global Smart Voice-assistant Speaker Market by Vendor Share 2016
Exhibit 61 Alphabet Revenue Generation by Business Segment FY2016
Exhibit 62 Alphabet Revenue Generation by Geographical Segment FY2016
Exhibit 63 Amazon.com Revenue Generation by Business Segment 2016
Exhibit 64 Descriptive Summary of Global Smart Voice-assistant Speaker Market
Exhibit 65 Summary of Global Smart Voice-assistant Speaker Market by Geography 2016?2022 (million units)
Exhibit 66 Summary of Global Smart Voice-assistant Speaker Market by Geography (Unit Shipment) 2016?2022 (%)
Exhibit 67 Summary of Global Smart Voice-assistant Speaker Market by Geography 2016?2022 ($ million)
Exhibit 68 Summary of Global Smart Voice-assistant Speaker Market by Geography (Revenue) 2016?2022 (%)
