Product Code: MCP14818
Abstract:
Global Smart Home Speakers Market to Reach $24.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Smart Home Speakers estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$24.8 Billion by 2027, growing at aCAGR of 31.9% over the period 2020-2027. Commercial, one of the segments analyzed in the report, is projected to record 35.5% CAGR and reach US$7.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Personal segment is readjusted to a revised 30.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 30.7% CAGR
The Smart Home Speakers market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 30.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.2% and 27% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 22% CAGR.
Select Competitors (Total 42 Featured) -
- Alphabet, Inc.
- Amazon.com, Inc.
- Cowin Technology Pte. Ltd.
- Fabriq
- Invoxia
- Lenovo Group Limited
- LG Electronics, Inc.
- Mattel, Inc.
- Pan Ocean Technology
- Sony Mobile Communications AB
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Current & Future Analysis for Smart Home Speakers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 2: World 7-Year Perspective for Smart Home Speakers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- TABLE 3: World Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 4: World 7-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 5: World Current & Future Analysis for Personal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 6: World 7-Year Perspective for Personal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
- UNITED STATES
- TABLE 7: USA Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 8: USA 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- CANADA
- TABLE 9: Canada Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 10: Canada 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- JAPAN
- TABLE 11: Japan Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 12: Japan 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- CHINA
- TABLE 13: China Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 14: China 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- EUROPE
- TABLE 15: Europe Current & Future Analysis for Smart Home Speakers by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 16: Europe 7-Year Perspective for Smart Home Speakers by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- TABLE 17: Europe Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 18: Europe 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- FRANCE
- TABLE 19: France Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 20: France 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- GERMANY
- TABLE 21: Germany Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 22: Germany 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- ITALY
- TABLE 23: Italy Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 24: Italy 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- UNITED KINGDOM
- TABLE 25: UK Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 26: UK 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- REST OF EUROPE
- TABLE 27: Rest of Europe Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 28: Rest of Europe 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- ASIA-PACIFIC
- TABLE 29: Asia-Pacific Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 30: Asia-Pacific 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
- REST OF WORLD
- TABLE 31: Rest of World Current & Future Analysis for Smart Home Speakers by End-Use - Commercial and Personal - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 32: Rest of World 7-Year Perspective for Smart Home Speakers by End-Use - Percentage Breakdown of Value Sales for Commercial and Personal for the Years 2020 & 2027
IV. COMPETITION
- Total Companies Profiled: 42