5 September 2019 - 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.
Market Segment:
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)
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