Smart speaker market growth worldwide 2029

The global revenue change in the 'Smart Speakers' segment of the consumer electronics market was forecast to continuously decrease between 2024 and 2029 by in total 3.8 percentage points. After the ninth consecutive decreasing year, the indicator is estimated to reach 6.63 percent and therefore a new minimum in 2029.

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Revenue growth of the smart speakers industry Worldwide 2020-2029

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Smart speakers are a type of speaker that are connected to the internet and can be controlled using voice commands. They usually have built-in virtual assistants, such as Amazon Alexa or Google Assistant, that can be used to play music, control smart home devices, set reminders, and perform other tasks.

Additional information:

The market comprises revenue, average revenue per capita, volume, average volume per capita and price. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies such as Amazon, Apple and Google. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

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