Market Recovery and Growth Projections 2021-2025
Accelerating at a CAGR of 14%, the speakers market size is expected to grow up to USD 28.37 billion during the forecast period. The increasing adoption of smart speakers is notably driving the growth of the speakers market. Technavio'sresearch report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. Unlock Sample Analysis Report
Speakers Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
Speakers Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
Speakers Market: Vendor Analysis
The market is fragmented due to the presence of several players. Alphabet Inc., Amazon.com Inc., Apple Inc., Bose Corp., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Sony Corp., and Xiaomi Corp. are some of the major market participants.
Alphabet Inc.- The company offers smart speakers designed by Google, which enables users to interact with services through Google Assistant, which is a personal assistant software, through voice commands.
Bose Corp.- The company delivers the wall-to-wall stereo sound and has built-in Amazon Alexa, which can be connected through a home Wi-Fi network or Bluetooth.
Koninklijke Philips NV- The company offers Bluetooth speaker that delivers high-powered sound. It also lights up in sync with the beats and is available in a splash-proof design with a wide range of settings. It can also be connected to SD Card and has radio connectivity.
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