Global Smart Speaker Market Research Report

Global Smart Speaker Market

The GMI Research forecasts that the Smart Speaker Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising disposable income, rapid urbanization, along with the increasing use of wireless technology.

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Introduction of the Smart Speaker Market:

A smart speaker is a wireless speaker entitled by Bluetooth, Wi-Fi, or other wireless protocols and powered by a virtual assistant driven by artificial intelligence. It is a modernized technological innovation dominating the consumer technology market and is activated by a voice command to perform different tasks such as listening to music, ordering food, and online shopping.

Key Players of the Global Smart Speaker Market:

· Alibaba.com

· Panasonic Corporation

· Sony Corporation

· Alphabet Inc

· Amazon.com, Inc.

· Onkyo Corporation

· Bose Corporation

· Sonos Inc.

· Apple Inc.

· HARMAN International

Smart Speaker Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The crucial drivers responsible for the growth of the global smart speaker market include the augmenting establishment of smart homes, leading to increased demand for smart home devices and accelerating smartphone penetration. These ongoing technological modernizations include the integration of Internet of Things technology along with the surging implementation of data networks such as 3G and 4G providing users the ease to retrieve the internet at a faster speed. In addition, the growing urban population, mounting usage of wireless technology, and soaring disposable income will further expand the demand for multifunctional and sophisticated products, thereby strengthening the smart speaker market size. Also, the generation of partnerships between smart home producers and creators of smart speakers allows easy integration of smart home devices with these speakers.

Furthermore, the escalating expenditure of the consumers to improve the quality of life in technologically advancing economies is promoting market growth. The widespread outbreak of the coronavirus crisis has positively influenced the market growth. This is because of the aggravating number of people working from home and their growing implementation to automatically control various home devices such as TV remotes, light switches, and door handles to evade contact with the commonly touched surfaces around the home is supplementing the market growth. However, the risk associated with the safety and problems concerned with the connectivity range and compatibility issues will hamper the smart speaker market share.

Smart Speaker Market Segmentation:

Segmentation by Shielding

· EMI Shielding

· Heat Shielding

Segmentation by Material

· Metallic

· Non-Metallic

Segmentation by Heat Application

· Engine Compartment

· Exhaust System

· Turbocharger

· Under Bonnet

· Under Chassis

· Fuel Tank

· Battery Management

Segmentation by EMI Application

· Adaptive Cruise Control (ACC)

· Electric Motor

· Engine Control Module (ECM)

· Forward Collision Warning (FCW)

· Intelligent Park Assist (IPA)

· Lane Departure Warning (LDW)

· Infotainment

· Blind Spot Detection (BSD)

· Night Vision System (NVS)

· Driver Monitoring System (DMS)

· Automatic Emergency Braking (AEB)

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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