The global Speaker market report gives a subjective and quantitative assessment of changing cutthroat market attributes and components which incorporate market definition, elements, research procedure, fragments and competitive landscape. The report additionally gives insights into the Market Analysis and Product Development Platform that assesses the present status of the market and plans for future development and extension.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global “Speaker Market” comprises insightful analyses of the market and comprehensive understanding of the global market and its competitive landscape. It evaluates the production processes, significant issues and solutions to lighten this development risk. Alongside this, you will likewise know the most affecting driving and restraining forces in the market and their effect on the worldwide market. Learn about the industry methodologies that are being adopted by leading respective organizations. The report includes the future viewpoint and possibilities for the market. Other than these reports, Experts have additionally given custom research as indicated by explicit necessities.Smart speakers powered by Alexa, Google Assistant, and Siri represented a white-hot consumer device market in the 2016-2019 period. Surging sales were accompanied by a deluge of popular culture appearances. However, high double-digit growth rates were replaced by low single digit growth the past two years. The pandemic didn’t help with smart speaker sales but the segment’s weakness was already evident in Voicebot’s national consumer survey in January 2020 before the world went into lockdown.
However, it is hard to say smart speakers are anything but an astounding success as a product category. There are now 95 million U.S. adults that have at least one and 50% of device owners use them daily. That is a formidable product category with intense user loyalty
The industry ramped up from zero devices in late 2014 to over 47 million users as of January 2018. The subsequent two years delivered nominal user base growth of 19 million and 21 million. For the past two years, the figures were 3.0 million and 4.2 million respectively. That’s a sizeable nominal and relative decline. A post-2020 recession bounceback did not occur — at least not yet.
Pandemic-related behavior changes actually led to an uptick in usage among the majority of smart speaker owners. That rise in usage has had some staying power but much of it reverted back to the pre-pandemic levels as consumers were able to get out of their homes more easily in the U.S.
This data and accompanying analysis can be found in the Voicebot’s fifth annual U.S. Smart Speaker Consumer Adoption Report 2022. Historically, the U.S. market, as the first to have smart speakers, provided insight into how adoption in other countries was likely to play out 18 months to three years later. That difference may be compressing as U.S. adoption slows and other markets continue their more deliberate adoption patterns as we saw from UK and Germany figures in 2021.