New Market Report on Voice Assistant Opportunities in Consumer Electronics

Market research firm Futuresource Consulting announced the latest edition of its "Voice Assistants in Consumer Electronics" report. Voice Assistants (VAs) are being integrated into an increasing number and variety of connected consumer devices in multiple markets and are on course to develop as a major user interface over the next 2-3 years, according to this latest report, which leverages new industry and end-user research to assess the size and shape of the market at a worldwide and regional level.

Following earlier demonstrations at CES 2018, Qualcomm introduced a series of new platforms, SoC and development kits targeting new advanced audio applications and smart speakers, including the support of key wireless technologies, voice and cloud ecosystems. Solutions include its Smart Audio Platform optimized for smart speakers, a 6-microphone far field voice platform qualified for Amazon AVS, Dolby Audio implementations for wireless speakers and much more.

A new report by Juniper Research predicts that revenues from smart audio devices like the Amazon Echo and Sonos One will grow from an estimated $2.5 billion in 2017 to over $10 billion by 2022, as more audio brands integrate voice assistants into their devices. With competition heating up in the smart speaker space, the new research, "Smart Audio Devices: Strategies & Forecasts 2017-2022", looks at Amazon’s main challengers.

Amazon is not resting on its laurels in voice personal assistants. The company continues to severely undercut Google's ambitions with the Google Home, Assistant and Chromecast products, while jumping ahead to compete head to head with Apple and undermining Apple's plans for Siri and the smart home. The company just announced a completely revamped line of Echo speakers with lower prices and improved everything, as well as new classes of Echo devices.