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Q2 2021

Smart Product Market Assessment

Smart Speakers and Displays

Smart Product Market Assessments provide a comprehensive and deep analysis of a single smart product market. Parks Associates analysts identify key market drivers and barriers and assesses market growth via topline market forecasts. This research includes consumer data for each product, including trending data across years and deep dive questions on product usage, pain points, and preferences.

Smart Speaker and Smart Display Market Assessment addresses the following major questions.

1) What is the outlook for smart speaker and smart display adoption over the next five years?
2) What are the major trends impacting the smart speaker and display market, including the effects of COVID-19?
3) What use cases and functionality are driving consumer adoption of these devices?
4) How do smart speaker and smart display households differ from US broadband households overall?
5) What features and functionalities are consumers most interested in when buying devices?

Purchase

Download Table of Contents (PDF)

Smart Product Market Assessments

Research Summary

Defining Smart Speakers and Smart Displays

Survey Methodology

Executive Summary

Industry Insight

Smart Speaker or Smart Display Ownership

Smart Speaker / Smart Display Brand Ownership

Platforms Used to Control Smart Home Devices

New Skills Used Since Initial Smart Speaker/Display Set-Up

Smart Speakers or Smart Display: Recent Purchases and Purchase Intention

Competitive Landscape

Leading Ecosystem Comparisons

Leading Smart Speaker and Smart Display Models

2020 Product Releases

Market Developments

Market Forecast

Forecast Methodology

Market Drivers

Market Barriers

US Forecast – Smart Speakers and Smart Displays

Smart Speaker and Smart Display Adoption

Overall Smart Speaker or Smart Display Ownership

Average Numbers of Smart Speakers Owned Per Owning HH

Number of Smart Speaker or Smart Display Owned

Smart Speakers Ownership by Smart Home Device Adoption

Brand Share of Smart Speakers / Smart Displays Among Owners

Ownership of Smart Speakers /Smart Display Models Among Owners

Purchase Journey and Intentions to Buy

Smart Speakers or Smart Display: Recent Purchases & Purchase Intention

12 Month Purchase Intentions - Leading Consumer Electronics Devices (2014 - 2020)

Audio Equipment and Voice Assistants: Purpose of Purchase

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

User Experience

High Satisfaction with Smart Speakers

High Satisfaction with Smart Displays

Adoption of Brands by Number of Products in Household

Brand Ownership Combination by Number of Products Owned

Reason for Owning Multiple Brands

Weekly Usage of Smart Speakers/Smart Displays

New Skills Used on Smart Speakers/Smart Displays

New Skills Used by Smart Speakers/Smart Displays

Top 10 Voice Assistant Activities Performed by Device Users

Voice Assistant Activities Performed by Device Users, Cont’d

Activities Performed on a Smart Display

Top Devices to Control Using a Smart Speaker/Smart Display

Preferred Entertainment Actions on a Smart Speaker/Smart Display

Use of Mute Button/Function on Smart Speakers

Use of Mute Button/Function on Smart Displays

Security Concerns with Smart Speakers /Smart Displays

Smart Speakers: The Control Point for the Smart Home

Smart Home Device Ownership Among Smart Speaker/Smart Display Owners

Smart Home Device Ownership by Smart Speaker/Smart Display Brands

Smart Safety & Security Device Ownership Among Smart Speaker/Smart Display Owners

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

Smart Energy & Misc. Device Ownership Among Smart Speaker/Smart Display Owners

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

Smart Appliance Ownership by Smart Speaker/Smart Display Brands

Entertainment Device Ownership Among Smart Speaker/Smart Display Owners

Entertainment Device Ownership by Smart Speaker/Smart Display Brands

Use of Smart Speaker/Smart Display to Control Smart Safety and Security Devices by Brands

Use of Smart Speaker/Smart Display to Control Smart Appliances by Brands

Use of Smart Speaker/Smart Display to Control Smart Energy and Misc. Devices by Brands

Smart Home Control Solution in Home

Appendix

Published by Parks Associates
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