Smart Home Speaker Market In US 2024-2028
The smart home speaker market in us is forecasted to grow by USD 4641.7 mn during 2023-2028, accelerating at a CAGR of 20.6% during the forecast period. The report on the smart home speaker market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapidly increasing unit sales of smart home speakers, partnerships increasing adoption of smart home speakers, and growing popularity of voice commerce.
Technavio's smart home speaker market in us is segmented as below:
- By Platform
- Amazon Alexa
- Google Assistant
- Others
- By Distribution Channel
- Online
- Offline
- By Geographical Landscape
- North America
This study identifies the growing prominence of smart displays as one of the prime reasons driving the smart home speaker market in us growth during the next few years. Also, growing use of smart home speakers for music and digital content streaming and greater adoption of smart homes and smart connected devices will lead to sizable demand in the market.
The report on the smart home speaker market in us covers the following areas:
- Smart Home Speaker Market in US sizing
- Smart Home Speaker Market in US forecast
- Smart Home Speaker Market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart home speaker market in us vendors that include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Apple Inc., Baidu Inc., Bose Corp., Bowers and Wilkins, FABRIQ, Invoxia, JD.com Inc., Lenovo Group Ltd., LG Electronics Inc., Plantronics Inc., Samsung Electronics Co. Ltd., Sonos Inc., Sony Group Corp., and Xiaomi Inc. Also, the smart home speaker market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.