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Smart Home Speaker Market in US 2024-2028

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    Report

  • 131 Pages
  • October 2024
  • Region: United States
  • TechNavio
  • ID: 5616578
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The smart home speaker market in us is forecasted to grow by USD 4.64 billion 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.

The 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
A robust vendor analysis within the report 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 report 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.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Platform
  • Executive Summary - Chart on Market Segmentation by Distribution Channel
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on US - Market size and forecast 2023-2028 ($ million)
  • Data Table on US - Market size and forecast 2023-2028 ($ million)
  • Chart on US: Year-over-year growth 2023-2028 (%)
  • Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Smart Home Speaker Market in US 2018 - 2022
  • Historic Market Size - Data Table on Smart Home Speaker Market in US 2018 - 2022 ($ million)
4.2 Platform segment analysis 2018 - 2022
  • Historic Market Size - Platform Segment 2018 - 2022 ($ million)
4.3 Distribution Channel segment analysis 2018 - 2022
  • Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Platform
6.1 Market segments
  • Chart on Platform - Market share 2023-2028 (%)
  • Data Table on Platform - Market share 2023-2028 (%)
6.2 Comparison by Platform
  • Chart on Comparison by Platform
  • Data Table on Comparison by Platform
6.3 Amazon alexa - Market size and forecast 2023-2028
  • Chart on Amazon alexa - Market size and forecast 2023-2028 ($ million)
  • Data Table on Amazon alexa - Market size and forecast 2023-2028 ($ million)
  • Chart on Amazon alexa - Year-over-year growth 2023-2028 (%)
  • Data Table on Amazon alexa - Year-over-year growth 2023-2028 (%)
6.4 Google assistant - Market size and forecast 2023-2028
  • Chart on Google assistant - Market size and forecast 2023-2028 ($ million)
  • Data Table on Google assistant - Market size and forecast 2023-2028 ($ million)
  • Chart on Google assistant - Year-over-year growth 2023-2028 (%)
  • Data Table on Google assistant - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Platform
  • Market opportunity by Platform ($ million)
  • Data Table on Market opportunity by Platform ($ million)
7 Market Segmentation by Distribution Channel
7.1 Market segments
  • Chart on Distribution Channel - Market share 2023-2028 (%)
  • Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
  • Chart on Comparison by Distribution Channel
  • Data Table on Comparison by Distribution Channel
7.3 Online - Market size and forecast 2023-2028
  • Chart on Online - Market size and forecast 2023-2028 ($ million)
  • Data Table on Online - Market size and forecast 2023-2028 ($ million)
  • Chart on Online - Year-over-year growth 2023-2028 (%)
  • Data Table on Online - Year-over-year growth 2023-2028 (%)
7.4 Offline - Market size and forecast 2023-2028
  • Chart on Offline - Market size and forecast 2023-2028 ($ million)
  • Data Table on Offline - Market size and forecast 2023-2028 ($ million)
  • Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
  • Market opportunity by Distribution Channel ($ million)
  • Data Table on Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Alphabet Inc.
  • Alphabet Inc. - Overview
  • Alphabet Inc. - Business segments
  • Alphabet Inc. - Key offerings
  • Alphabet Inc. - Segment focus
11.4 Amazon.com Inc.
  • Amazon.com Inc. - Overview
  • Amazon.com Inc. - Business segments
  • Amazon.com Inc. - Key news
  • Amazon.com Inc. - Key offerings
  • Amazon.com Inc. - Segment focus
11.5 Apple Inc.
  • Apple Inc. - Overview
  • Apple Inc. - Business segments
  • Apple Inc. - Key news
  • Apple Inc. - Key offerings
  • Apple Inc. - Segment focus
11.6 Bowers and Wilkins
  • Bowers and Wilkins - Overview
  • Bowers and Wilkins - Product / Service
  • Bowers and Wilkins - Key offerings
11.7 JD.com Inc.
  • JD.com Inc. - Overview
  • JD.com Inc. - Business segments
  • JD.com Inc. - Key offerings
  • JD.com Inc. - Segment focus
11.8 Lenovo Group Ltd.
  • Lenovo Group Ltd. - Overview
  • Lenovo Group Ltd. - Business segments
  • Lenovo Group Ltd. - Key news
  • Lenovo Group Ltd. - Key offerings
  • Lenovo Group Ltd. - Segment focus
11.9 LG Electronics Inc.
  • LG Electronics Inc. - Overview
  • LG Electronics Inc. - Product / Service
  • LG Electronics Inc. - Key offerings
11.10 Samsung Electronics Co. Ltd.
  • Samsung Electronics Co. Ltd. - Overview
  • Samsung Electronics Co. Ltd. - Business segments
  • Samsung Electronics Co. Ltd. - Key news
  • Samsung Electronics Co. Ltd. - Key offerings
  • Samsung Electronics Co. Ltd. - Segment focus
11.11 Sonos Inc.
  • Sonos Inc. - Overview
  • Sonos Inc. - Product / Service
  • Sonos Inc. - Key news
  • Sonos Inc. - Key offerings
11.12 Xiaomi Inc
  • Xiaomi Inc - Overview
  • Xiaomi Inc - Business segments
  • Xiaomi Inc - Key news
  • Xiaomi Inc - Key offerings
  • Xiaomi Inc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Platform
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Smart Home Speaker Market in US 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Platform Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Platform - Market share 2023-2028 (%)
Exhibits 28: Data Table on Platform - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Platform
Exhibits 30: Data Table on Comparison by Platform
Exhibits 31: Chart on Amazon alexa - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Amazon alexa - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Amazon alexa - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Amazon alexa - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Google assistant - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Google assistant - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Google assistant - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Google assistant - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Platform ($ million)
Exhibits 44: Data Table on Market opportunity by Platform ($ million)
Exhibits 45: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 46: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by Distribution Channel
Exhibits 48: Data Table on Comparison by Distribution Channel
Exhibits 49: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Distribution Channel ($ million)
Exhibits 58: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: Alphabet Inc. - Overview
Exhibits 67: Alphabet Inc. - Business segments
Exhibits 68: Alphabet Inc. - Key offerings
Exhibits 69: Alphabet Inc. - Segment focus
Exhibits 70: Amazon.com Inc. - Overview
Exhibits 71: Amazon.com Inc. - Business segments
Exhibits 72: Amazon.com Inc. - Key news
Exhibits 73: Amazon.com Inc. - Key offerings
Exhibits 74: Amazon.com Inc. - Segment focus
Exhibits 75: Apple Inc. - Overview
Exhibits 76: Apple Inc. - Business segments
Exhibits 77: Apple Inc. - Key news
Exhibits 78: Apple Inc. - Key offerings
Exhibits 79: Apple Inc. - Segment focus
Exhibits 80: Bowers and Wilkins - Overview
Exhibits 81: Bowers and Wilkins - Product / Service
Exhibits 82: Bowers and Wilkins - Key offerings
Exhibits 83: JD.com Inc. - Overview
Exhibits 84: JD.com Inc. - Business segments
Exhibits 85: JD.com Inc. - Key offerings
Exhibits 86: JD.com Inc. - Segment focus
Exhibits 87: Lenovo Group Ltd. - Overview
Exhibits 88: Lenovo Group Ltd. - Business segments
Exhibits 89: Lenovo Group Ltd. - Key news
Exhibits 90: Lenovo Group Ltd. - Key offerings
Exhibits 91: Lenovo Group Ltd. - Segment focus
Exhibits 92: LG Electronics Inc. - Overview
Exhibits 93: LG Electronics Inc. - Product / Service
Exhibits 94: LG Electronics Inc. - Key offerings
Exhibits 95: Samsung Electronics Co. Ltd. - Overview
Exhibits 96: Samsung Electronics Co. Ltd. - Business segments
Exhibits 97: Samsung Electronics Co. Ltd. - Key news
Exhibits 98: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 99: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 100: Sonos Inc. - Overview
Exhibits 101: Sonos Inc. - Product / Service
Exhibits 102: Sonos Inc. - Key news
Exhibits 103: Sonos Inc. - Key offerings
Exhibits 104: Xiaomi Inc - Overview
Exhibits 105: Xiaomi Inc - Business segments
Exhibits 106: Xiaomi Inc - Key news
Exhibits 107: Xiaomi Inc - Key offerings
Exhibits 108: Xiaomi Inc - Segment focus
Exhibits 109: Inclusions checklist
Exhibits 110: Exclusions checklist
Exhibits 111: Currency conversion rates for US$
Exhibits 112: Research methodology
Exhibits 113: Information sources
Exhibits 114: Data validation
Exhibits 115: Validation techniques employed for market sizing
Exhibits 116: Data synthesis
Exhibits 117: 360 degree market analysis
Exhibits 118: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the smart home speaker market in us: 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.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing prominence of smart displays."

According to the report, one of the major drivers for this market is the rapidly increasing unit sales of smart home speakers.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.
  • Xiaomi Inc