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Apple HomePod To Launch In China, Thereby Powering The Global Smart Speaker Market


Jan-2019 | Intense Research | Electricals & Electronics

In 2018, Apple claimed that it will start trading its smart speaker in China soon. The time has come since the firm claimed that it will start selling its HomePod in China soon. This not only will increase the profit chart of Apple & increase its reach beyond Europe, but will also power the global smart speaker market. The firm started selling its smart speaker in the US in 2018, and has since launched it out to different nations in Europe. The global market in China is expected to boost due to HomePod since it has a bit of an upper hand as compared to some of the domestic smart speakers with its capability of supporting both Cantonese and Mandarin. 

Speaking of more of smart speaker market, demand for smart speakers is significantly elevated in developed nations such as the UK, the U.S., and Germany. Rising number of smart houses in these nations is majorly boosting the global market. In addition to this, in 2017, the number of handset users all over the world was almost 2.3 Billion. As smart speakers are well-matched with multiple handsets, it is anticipated that the market might burgeon at a quick pace in the years to come. The primary challenge for the global market is maintaining customers’ data secrecy. The product operates on voice instructions. 

North America is expected to have the highest share of global market over the years to come. The primary factor for its dominance comprises the base of major market players such as Apple, Amazon, and Google in the U.S. Moreover, requirement for high-end technical products is also rising in North America. Smart speakers are attaining popularity in India, China, and Japan. China is likely to increase at a steady speed as makers such as Alibaba Group and Xiaomi are investing in production of speakers that are accessible in the local language.
 

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