NEW YORK, Sept. 28, 2021 /PRNewswire/ -- The speakers market is poised to grow by $ 28.37 billion during 2021-2025, progressing at a CAGR of 13.56% during the forecast period, according to Technavio. The report offers an up-to-date analysis.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The increasing adoption of smart speakers has been instrumental in driving the growth of the market. However, privacy concerns associated with smart speakers might hamper market growth.
Scope of Speakers Market Report:
Report coverage |
Details |
Base Year |
2020 |
Forecast Period |
2021-2025 |
Incremental Growth |
$ 28.37 billion |
CAGR |
Accelerating at 13.56% |
No. of Pages |
120 |
Segmentation |
By geography:-
South America
|
Drivers |
|
Challenges |
|
Trends |
|
Speakers Market 2021-2025: Segmentation
Speakers Market is segmented as below:
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Speakers Market 2021-2025: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The speakers market report covers the following areas:
Technavio identifies the increasing focus on AI-ready speakers as one of the prime reasons driving the speakers market growth during the next few years.
Speakers Market 2021-2025: Vendor Analysis
We provide a detailed analysis of vendors operating in the speakers market. Backed with competitive intelligence and benchmarking, our research report on the speakers market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Speakers Market 2021-2025: Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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