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By the end of 2018, people who love AI assistants and hate tapping out questions on their phones will have bought 100 million smart speakers. And that number could soar above 300 million within the next four years.
So far, not many of those 100 million have been Apple HomePods. In a Monday report, analyst firm Canalys stated that Apple will control only 4% of the smart speaker market by the end of this year – so, approximately 4 million in sales.
One could argue that 4% market control after half a year of sales isn’t that substandard, considering Amazon has sold multiple smart speakers for years – but Apple clearly has loftier ambitions.
According to the report, Apple will improve its sales somewhat by 2022, raising its total market control to 10%. Perhaps the rumored Apple HomePod Mini launch could help the company improve its totals.
Simultaneously, Amazon’s current smart speaker market dominance could start to dwindle within that time.
Yet, in the long term, Canalys predicts that “other” smart speaker manufacturers will claim 21% of the market by 2022, and that Amazon will lose much of its market share to those companies.
Ultimately, Amazon and Google could both control 34% of the market, meaning that Google is projected to gain ground while Amazon loses it.
Canalys also broke down the worldwide distribution of sales by country. The United States currently leads the pack at 64%, followed by China at 10%, the United Kingdom at 8%, Germany at 6% and South Korea at 3%.
Plus, China’s market share is projected to grow exponentially over the next 10 years.
Predicting the ‘other’ smart speakers
Up until now, Amazon Echo vs Google Home has been the only real smart speaker war to watch closely.
But, this report suggests that other upcoming launches could really resonate with consumers.
Facebook’s smart speaker with rumored 15-inch screens may have been a contender before recent scandals delayed the launch, but now Facebook is considering a non-US speaker launch, which locks it out of the most profitable sales market.
The Samsung Bixby smart speaker, projected to launch in late 2018, could be a legitimate sales contender, since it will be able to connect its speaker with other Samsung products like its smartphones and TVs.
Spotify’s rumored smart speaker could also generate some buzz when it launches, and even Ikea plans to launch a smart speaker of its own with Sonos. But, we suspect these won’t be able to get quite as much traction as those made by other, bigger tech companies.
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