Global smart speaker chip market is anticipated to witness an exponential growth in the forecast period. Factors such as the growing trend of personalization, rising disposable income, increasing number of smart homes, increased acceptance of multifunctional devices, and increased focus of market players to improve customer experience are likely to drive the market in the forthcoming period.
On the other hand, issues associated with connectivity range, power and compatibility and the high cost of smart speaker chip are anticipated to hinder smart speaker chip market growth in the future. However, rising demand is likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Smart speaker chip market could be explored by product type, application, distribution channel, and geography. Market by product type could span Single Chip, Multi-Chip, and Others. The key applications that could be explored in the market include Residential, Electronic Equipment, and Others. The “Electronic Equipment” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
The market could be explored based on distribution channel as Online and Offline distribution. The “Offline” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors such as the presence of a huge number of foremost manufacturers, rising disposable income and increasing demand from the populace. North America is followed by Row region in the years to come owing to developing economies and rising disposable income.
Key players operating in the smart speaker chip market include Intel Corporation, MediaTek, Conexant, Apple, Qualcomm, Fuzhou Rock chips Electronics CO., Ltd, All winner Technology and Xiaomi Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Smart Speaker Chip in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Smart Speaker Chip market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• MediaTek (China)
• Qualcomm (The U.S)
• Intel Corporation (The U.S)
• Apple (The U.S)
• Conexant (The U.S)
• Allwinner Technology (China)
• Fuzhou Rockchips Electronics CO., Ltd (China)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Single Chip
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Smart Speaker Chip for each application, including
• Electronic Equipment
Research Support Specialist, USA