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Q2 2023

Smart Product Market Assessment

Smart Speaker and Smart Display Market Assessment

Smart Product Market Assessments provide a comprehensive and deep analysis of a single smart product market. Parks Associates research identifies key market drivers and barriers along with assessments of device growth with market forecasts of ownership, unit sales, and revenue. This research includes consumer data for each product, including trending data across years and deep-dive questions on product usage, pain points, and preferences.

Key questions addressed:

1.    What are the major trends impacting the smart speaker and display market?
2.    What use cases and functionality drive consumer adoption of these devices?
3.    How do smart speaker and smart display households differ from US broadband households overall?
4.    What features and functionalities are consumers most interested in when buying devices?
5.    What is the outlook for smart speaker and smart display adoption, unit sales, and revenue over the next five years?

 

Purchase

Download Table of Contents (PDF)

Executive Summary

Industry Insight

Overall Smart Speaker or Smart Display Ownership

Smart Speaker/Smart Display Brands Owned

Top Voice Assistant Activities Performed on Smart Speakers

Top Voice Assistant Activities Performed on Smart Displays

Video Content Watched on a Smart Display

Top Entertainment Related Activities Performed on a Smart Speaker/Smart Display

Category of Desired Activities via Smart Speaker/ Smart Display

Reasons of Not Owning Smart Speakers/ Displays

Smart Device Ownership by Smart Speaker/Smart Display Owners

Top Smart Devices Controlled via a Smart Speaker/Smart Display

Competitive Landscape

Leading Ecosystem Comparisons

Voice Assistants and Smart Speakers

3rd Party Speakers and Voice Assistants

Leading Smart Speaker and Smart Display Models

Product Releases

Smart Speaker Use Cases

Benefits of Owning More than one Smart Speaker

Average Numbers of Smart Speakers & Smart Displays Owned

Partnerships

Streaming Services on Smart Displays

Bundling Smart Speakers

Global Market Growth

Market Forecast

Market Drivers

Market Barriers

Forecast Methodology

US Forecast: Smart Speaker and Display Household Adoption

Forecast: Smart Speaker and Display Unit Sales in the United States

Forecast: Smart Speaker and Display Revenue in the United States

Smart Speaker and Smart Display Adoption

Overall Smart Speaker or Smart Display Ownership

Average Numbers of Smart Speakers & Smart Displays Owned

Smart Speaker or Smart Display Device Ownership: First Time vs. Repeated Purchases

Smart Speakers/Smart Display Ownership by Smart Home Device Adoption

Smart Speakers/Smart Display Brands Owned

Smart Speakers/Smart Display Models Owned

Purchase Journey and Intentions to Buy

Consumer Electronics Devices Purchase Intention

Smart Speakers or Smart Display: Recent Purchases & Purchase Intention

Devices Purchased in the Last 6 Months

Device Purchase Intention

Intention to Purchase Smart Speaker or Smart Display by Smart Home Device Owners

User Experience

High Satisfaction with Smart Display by Models

High Satisfaction with Smart Speaker by Models

Brands Owned by Number of Smart Speaker and/or Smart Display in Household

Amazon and Google Device Ownership Combination by Number of Products Owned

Security Concerns with Smart Speakers /Smart Displays

Reasons of Not Owning Smart Speakers/ Displays

User Behavior

Voice Assistant Activities Performed on Smart Speakers

Voice Assistant Activities Performed on Smart Displays

Voice Assistant Activities Performed on Smart Speakers by Top 3 Brands

Voice Assistant Activities Performed on Smart Displays by Top 3 Brands

Video Content Watched on a Smart Display

Top Smart Devices Controlled via a Smart Speaker/Smart Display

Top Entertainment Related Activities Performed on a Smart Speaker/Smart Display

Desired Activities via Smart Speaker/ Smart Display

Smart Speakers: The Control Point for the Smart Home

Smart Device Ownership by Smart Speaker/Smart Display Owners

Smart Safety & Security Device Ownership by Smart Speaker/Smart Display Brands

Smart Energy & Misc. Device Ownership by Smart Speaker/Smart Display Brands

Entertainment Device Ownership in US Households by Smart Speaker/Smart Display Owners

Platforms Used to Control Smart Home Devices

Appendix

Published by Parks Associates
© 2023 Parks Associates | Addison, Texas 75001

All rights reserved. No part of this document may be reproduced, in any form or by any means, without permission in writing from the publisher. Printed in the United States of America.
Disclaimer: Parks Associates has made every reasonable effort to ensure that all information in this document is correct. We assume no responsibility for any inadvertent errors.

 

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