PUBLISHER: IMARC | PRODUCT CODE: 1468320
PUBLISHER: IMARC | PRODUCT CODE: 1468320
Smart Sound and Gateway Market Report by Virtual Assistant, Solution (Smart Speaker, Hearables ), and Region 2024-2032
The global smart sound and gateway market size reached US$ 43.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 232.7 Billion by 2032, exhibiting a growth rate (CAGR) of 20.02% during 2024-2032.
A smart speaker refers to a wireless, internet-enabled device that offers a smart audio playback using several types of connectivity for additional functions. It is equipped with a unique, patented technology known as smart sound that recognizes, responds to voice commands, and quickly manipulates music content. It is commonly used to stream live news, read e-books, play music, and set reminders and alarms. On the other hand, a gateway is a physical platform or device that serves as the connection point between sensors and intelligent devices and the cloud and controllers. Smart sound and gateway provide dedicated audio and voice processing to support voice wake functions and reduce device power consumption. Besides this, it assists in clear voice recognition, uncompromised sound, great battery life, and enhanced audio playback.
Smart Sound and Gateway Market Trends:
The increasing consumer propensity towards the adoption and usage of connected devices across the globe is creating a positive outlook for the market. Additionally, the rising penetration of high-speed internet and the growing access to smartphones is acting as another growth-inducing factor. Moreover, the increasing demand for smart speakers with virtual assistance to play music, provide information, deliver news and sports scores, weather, and control smart homes is positively influencing the market. In line with this, smart speakers with a display are projected to gain traction in the upcoming years as they can offer a centralized platform to control multifunctional devices, which, in turn, has prompted various prominent vendors to spread their presence in the segment through the integration of advanced technologies. Apart from this, the widespread adoption of Google Assistant, a virtual assistant software application developed by Google, to provide accurate information on search and maps and translate other languages is providing an impetus to the market growth. Furthermore, extensive research and development (R&D) activities to launch innovative smart sound and gateway systems with advanced features, functions, and compatibility with other devices are favoring the market growth. Other factors, including the increasing expenditure capacities of consumers, improving lifestyles, and integration of Internet of Things (IoT) and artificial intelligence (AI) technology, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart sound and gateway market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on virtual assistant and solution.
Breakup by Virtual Assistant:
Alexa
Google Assistant
Siri
AliGenie
Xiao AI
Multiple Virtual Assistant Support Speakers
Others
Breakup by Solution:
Smart Speaker (Only Hardware)
Hearables (Only Hardware)
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc., Apple Inc., Baidu Inc., Bose Corporation, Google LLC (Alphabet Inc.), Plantronics Inc. (HP Development Company L.P), Sonos Inc. and Xiaomi Corporation.
Key Questions Answered in This Report
- 1. What was the size of the global smart sound and gateway market in 2023?
- 2. What is the expected growth rate of the global smart sound and gateway market during 2024-2032?
- 3. What are the key factors driving the global smart sound and gateway market?
- 4. What has been the impact of COVID-19 on the global smart sound and gateway market?
- 5. What are the key regions in the global smart sound and gateway market?
- 6. Who are the key players/companies in the global smart sound and gateway market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Sound and Gateway Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Virtual Assistant
- 6.1 Alexa
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Google Assistant
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Siri
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 AliGenie
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Xiao AI
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Multiple Virtual Assistant Support Speakers
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Solution
- 7.1 Smart Speaker (Only Hardware)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Hearables (Only Hardware)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Amazon.com Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Apple Inc.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Baidu Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Bose Corporation
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 SWOT Analysis
- 13.3.5 Google LLC (Alphabet Inc.)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 SWOT Analysis
- 13.3.6 Plantronics Inc. (HP Development Company L.P)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Sonos Inc.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Xiaomi Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.1 Amazon.com Inc.
List of Figures
- Figure 1: Global: Smart Sound and Gateway Market: Major Drivers and Challenges
- Figure 2: Global: Smart Sound and Gateway Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Smart Sound and Gateway Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Smart Sound and Gateway Market: Breakup by Virtual Assistant (in %), 2023
- Figure 5: Global: Smart Sound and Gateway Market: Breakup by Solution (in %), 2023
- Figure 6: Global: Smart Sound and Gateway Market: Breakup by Region (in %), 2023
- Figure 7: Global: Smart Sound and Gateway (Alexa) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Smart Sound and Gateway (Alexa) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Smart Sound and Gateway (Google Assistant) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Smart Sound and Gateway (Google Assistant) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Smart Sound and Gateway (Siri) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Smart Sound and Gateway (Siri) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Smart Sound and Gateway (AliGenie) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Smart Sound and Gateway (AliGenie) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Smart Sound and Gateway (Xiao AI) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Smart Sound and Gateway (Xiao AI) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Smart Sound and Gateway (Multiple Virtual Assistant Support Speakers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Smart Sound and Gateway (Multiple Virtual Assistant Support Speakers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Smart Sound and Gateway (Other Virtual Assistants) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Smart Sound and Gateway (Other Virtual Assistants) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Smart Sound and Gateway (Smart Speaker (Only Hardware)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Smart Sound and Gateway (Smart Speaker (Only Hardware)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Smart Sound and Gateway (Hearables (Only Hardware)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Smart Sound and Gateway (Hearables (Only Hardware)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: North America: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: North America: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: United States: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: United States: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Canada: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Canada: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Asia-Pacific: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Asia-Pacific: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: China: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: China: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Japan: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Japan: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: India: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: India: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: South Korea: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: South Korea: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Australia: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Australia: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Indonesia: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Indonesia: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Others: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Others: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Europe: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Europe: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Germany: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Germany: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: France: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: France: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: United Kingdom: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: United Kingdom: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Italy: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Italy: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Spain: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Spain: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Russia: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Russia: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Latin America: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Latin America: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Brazil: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Brazil: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Mexico: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Mexico: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Middle East and Africa: Smart Sound and Gateway Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Middle East and Africa: Smart Sound and Gateway Market: Breakup by Country (in %), 2023
- Figure 73: Middle East and Africa: Smart Sound and Gateway Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Global: Smart Sound and Gateway Industry: SWOT Analysis
- Figure 75: Global: Smart Sound and Gateway Industry: Value Chain Analysis
- Figure 76: Global: Smart Sound and Gateway Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Sound and Gateway Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Smart Sound and Gateway Market Forecast: Breakup by Virtual Assistant (in Million US$), 2024-2032
- Table 3: Global: Smart Sound and Gateway Market Forecast: Breakup by Solution (in Million US$), 2024-2032
- Table 4: Global: Smart Sound and Gateway Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Smart Sound and Gateway Market: Competitive Structure
- Table 6: Global: Smart Sound and Gateway Market: Key Players
