AI Speaker Market Trends and Forecast
The future of the global AI speaker market looks promising with opportunities in the entertainment, education, and medical markets. The global AI speaker market is expected to grow with a CAGR of 20.2% from 2024 to 2030. The major drivers for this market are growing consumer preference for voice-activated devices that offer hands-free interaction and convenience, continuous advancements in NLP and AI technologies improve the capabilities of AI speakers, and expansion of AI assistant ecosystems.
• Lucintel forecasts that Bluetooth is expected to witness higher growth over the forecast period.
• Within this market, entertainment is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Speaker Market
• United States – Amazon launched AI speaker Echo with expanded smart home integration. Government supports IoT innovation through regulatory frameworks.
• China – Xiaomi introduced AI speaker Mi AI Speaker Pro, focusing on smart home control and Mandarin AI capabilities, aligning with national AI strategy.
• Japan – Sony announced AI speaker LF-S50G with Google Assistant, targeting high-fidelity sound and smart home connectivity, supported by tech advancement initiatives.
• United Kingdom – Sonos developed AI speaker Sonos One with Alexa, emphasizing superior audio quality and seamless integration in smart homes, aligning with digital economy strategies
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Speaker Market by Segment
The study includes a forecast for the global AI speaker market by type, application, and region.
AI Speaker Market by Type [Value from 2018 to 2030]:
• Bluetooth
• Non Bluetooth
AI Speaker Market by Application [Value from 2018 to 2030]:
• Entertainment
• Education
• Medical
• Others
AI Speaker Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Speaker Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI speaker companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI speaker companies profiled in this report include-
• Xiaomi
• Sony
• Apple
• Baidu
• Cheetah Mobile
• Samsung
• Murata
Recent Development in the AI Speaker Market
• Amazon: Amazon launched the Echo series with improved AI capabilities, integrating Alexa for enhanced smart home control and voice assistance.
• Google: Google introduced the Google Home series, focusing on AI-powered smart speakers with Google Assistant for seamless connectivity and personalized experiences.
• Apple: Apple developed the HomePod, an AI speaker emphasizing audio quality and Siri integration for smart home management and multimedia control.
• Xiaomi: Xiaomi launched the Mi AI Speaker, featuring voice control and smart home integration, targeting affordability and functionality in the AI speaker market.
Features of the Global AI Speaker Market
Market Size Estimates: Ai speaker market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ai speaker market size by type, application, and region in terms of value ($B).
Regional Analysis: Ai speaker market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI speaker market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI speaker market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI speaker market?
Answer: The global AI speaker market is expected to grow with a CAGR of 20.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI speaker market?
Answer: The major drivers for this market are growing consumer preference for voice-activated devices that offer hands-free interaction and convenience, continuous advancements in NLP and AI technologies improve the capabilities of AI speakers, and expansion of AI assistant ecosystems.
Q3. What are the major segments for AI speaker market?
Answer: The future of the global AI speaker market looks promising with opportunities in the entertainment, education, and medical markets.
Q4. Who are the key AI speaker market companies?
Answer: Some of the key AI speaker companies are as follows:
• Xiaomi
• Sony
• Apple
• Baidu
• Cheetah Mobile
• Samsung
• Murata
Q5. Which AI speaker market segment will be the largest in future?
Answer: Lucintel forecasts that Bluetooth is expected to witness higher growth over the forecast period.
Q6. In AI speaker market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI speaker market by type (Bluetooth and non Bluetooth), application (entertainment, education, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Speaker Market, AI Speaker Market Size, AI Speaker Market Growth, AI Speaker Market Analysis, AI Speaker Market Report, AI Speaker Market Share, AI Speaker Market Trends, AI Speaker Market Forecast, AI Speaker Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.