Omdia is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

PRESS RELEASE

Global Smart Speaker market shipments hit 154 million in 2020 – up 58% YoY


17 February 2021

Smart Speaker image
 
Global Smart Speaker market shipments hit 154 million in 2020 – up 58% YoY

LONDON 19 February, 2021 —The global smart speaker market grew by 58% in 2020 accounting for 154 million units shipped over the past 12 months, according to Omdia’s latest Smart Speakers 2020 report. The total smart speaker revenue is now up to $3.2bn globally.

North America shipments grew by 71%. YoY to 72.9 million device shipments, the highest growth in the market since 2017. The Asian market also had significant growth increasing by 48% YoY to reach 64 million shipments, while Europe accounted for almost 16million devices.

The global install base for Smart speakers rose to 338.9million devices in 2020 up 138 million units from 2019 and is forecasted to rise to 512 million devices in 2021. Sales revenue for smart speakers hit $11.3bn in 2020 and is expected to grow to $14.7bn in 2021.

The rise in video chatting has spurred growth in smart speakers with a display. Globally in 2020, Omdia estimated about 1 out of 5 (18.8%) smart speakers shipped had a display, up from 11.5% in 2019.

 

global Installed base Forecast Smart Speakers with Display

Despite the fierce competition among smart speaker brands, industry leaders are joining forces to increase AI capabilities and overall smart home and smart speaker market penetration. In the United States, Apple, Google, and Amazon, among many others, are joining forces for Connected Home Over IP (CHIP). In South Korea, there are two groups of companies looking to compete in AI. The first group consists of SK Telecom, Samsung and Kakao. The second group includes KT, LG, and LG Uplus. In June 2020, the latter group of companies announced a platform called “AI One Team”.


Blake Kozak, senior principal analyst at Omdia commented: “Since the pandemic began, consumers have seen the biggest change in their use of group video calling (Zoom, Teams), watching online videos and social networks.

“Listening to online music was also a big change for consumers while an increase in use of AI assistants (Siri, Alexa) was mixed. Smart speaker brands have benefited from these emerging trends by partnering with Zoom and other video chat services.”

 

-ENDS-

 

About Omdia

Omdia is a global technology research powerhouse, established following the merger of the research division of Informa Tech and the acquired IHS Markit technology research portfolio, Ovum, Heavy Reading, and Tractica. 

We combine the expertise of more than 400 analysts across the entire technology spectrum covering 150 markets and publish over 3,000 research reports annually, reaching over 14,000 subscribers, and covering thousands of technology, media, and telecommunications companies.

Our exhaustive intelligence and deep technology expertise allow us to uncover actionable insights that help our customers connect the dots in today’s constantly evolving technology environment and empower them to improve their businesses – today and tomorrow. 

 

Learn more about Omdia

Omdia is a registered trademark of Informa PLC and/or its affiliates. All other company and product names may be trademarks of their respective owners. Informa PLC registered in England & Wales with number 8860726, registered office and head office 5 Howick Place, London, SW1P 1WG, UK. Copyright © 2021 Omdia. All rights reserved.

The majority of IHS Markit technology research products and solutions were acquired by Informa in August 2019 and are now part of Omdia. If you prefer not to receive email messages from Omdia, please email Jonathan Haigh jj.haigh@omdia.com

 

Read our privacy policy

View our press releases

Get ahead in your business with the latest industry findings and trends

Consumer Electronics
Optimize opportunities and make the right decisions with critical data and expert analysis from Omdia.

Sign up to receive regular updates on new trends, insights and findings for your business.