Global Smart Baby Monitor Market Insights Forecasts to 2032
- The Global Smart Baby Monitor Market Size was valued at USD 1079.86 Million in 2022.
- The Market is growing at a CAGR of 7.85% from 2022 to 2032.
- The Worldwide Smart Baby Monitor Market is expected to reach USD 2298.38 Million by 2032.
- Asia Pacific is expected to grow the fastest during the forecast period.
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The Global Smart Baby Monitor Market Size is expected to reach USD 2298.38 Million by 2032, at a CAGR of 7.85% during the forecast period 2022 to 2032.
A smart baby monitor is a gadget that assists parents in monitoring their newborns and alerting them to any changes that occur. Smart baby monitors give parents real-time monitoring options for their babies, enabling them to continuously check their welfare. Caretakers have a sense of security and peace of mind from being able to remotely monitor live video feeds and receive notifications about their baby's activity or vital signs. Several technological breakthroughs have made baby monitors possible for parents and newborns to communicate in real time. The market is expanding as a result of the growing use of smart home technology. It only makes sense to incorporate a smart baby monitor into a wider smart home ecosystem as more families adopt linked products and the Internet of Things (IoT). The user experience is improved overall since parents can easily access the monitor's functionalities through their smartphones, tablets, or smart speakers. Parents now have more responsibility due to the growing number of nuclear families, which has increased demand for smart infant equipment. Baby monitors are an essential piece of equipment for parents to keep an eye on their kids when they are out of the house.
Global Smart Baby Monitor Market Report Coverage
|Market Size in 2022:||USD 1079.86 Mn|
|Forecast Period:||2022 – 2032|
|Forecast Period 2022 – 2032 CAGR:||7.85%|
|022 – 2032 Value Projection:||USD 2298.38 Mn|
|Historical Data for:||2020-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||140|
|Segments covered:||By Product, By Connectivity, By Distribution Channel, By Application and By Region.|
|Companies Covered:||Motorola, Inc, Samsung Electronics Co., Ltd., Summer Infant, Inc., Vtech Communications, Inc., Lorex Technology Inc, Dorel Juvenile Group, Inc., Ibaby Labs, Inc., Koninklijke Philips N.V., Infant Optics, Snuza International, Graco Inc, WiFi Baby, Withing’s SA, Nanit Sleep System and Others.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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Global demand for smart baby monitors is expanding due to the rising number of working parents. The global increase in nuclear families and working parents are driving up the popularity of smart baby monitoring equipment. Working parents are actively hunting for childcare facilities or nannies to watch their kids while they are away from home. They are also being encouraged to buy sophisticated baby monitoring equipment by the growing worries about children's safety. Both industrialized and emerging nations, including the US, China, India, and Canada, are seeing an increase in the number of moms who work. The technologically advanced baby monitoring gadgets enable parents to carry out their duties effectively without worrying about the whereabouts and safety of their children. These platforms enable Smart baby monitoring tools to make it possible for parents to carry out their duties without worrying about the whereabouts and activities of their children. Smartphones are a solution that makes it easier for parents and children to communicate in real time. Thus, the market's expansion is also supported by the growing usage of smartphones, which parents use to install applications to watch over their infants.
The dropping birth rate clearly translates to a smaller client base for smart baby monitors, resulting in increased competitors among producers and potentially lower profit margins. To make up for the restricted development potential in areas with dropping birth rates, the trend may also encourage some businesses to diversify their product lines or look into new markets. Businesses in the smart baby monitor sector can consider innovative marketing strategies, distinguishing their goods, and concentrating on niche markets among the population with a declining birth rate in order to solve this issue. The concern for newborn and kid safety is what motivates many parents to purchase these tools. As a result, in order for the smart baby monitor market to keep growing, it must adapt to changing client tastes and trends.
By Product Insights
The video monitor devices segment dominates the market with the largest revenue share over the forecast period.
On the basis of product, the global smart baby monitor market is segmented into video monitor devices and audio monitor devices. Among these, the video monitor devices segment is dominating the market with the largest revenue share of 82.5% over the forecast period. Cameras, sensors, and smartphones are examples of video monitoring devices. When parents are away from home, they may quickly and safely keep an eye on their kids by watching live footage of their whereabouts. The baby's activities, feeding routine, and nap time are all monitored through video. Several video monitoring systems for smart baby monitoring incorporate temperature sensors, automated smartphone notifications, and two-way audio.
By Connectivity Insights
The wireless connectivity segment is witnessing significant CAGR growth over the forecast period.
On the basis of connectivity, the global smart baby monitor is segmented into wired and wireless connectivity. Among these, the wireless connectivity segment is witnessing a significant 8.7% CAGR growth over the forecast period. Wireless connectivity is becoming increasingly popular due to its simplicity and ease of use. Wireless connectivity provides easier setup and more mobility than conventional baby monitors, which need intricate cabling. Parents may watch over their infants’ using smartphones and tablets, enabling them to do so while out and about or in another room. These monitors also frequently have cutting-edge capabilities like two-way audio, night vision, and compatibility with smart home automation systems. The expanding number of market participants and favourable customer evaluations complimenting the usability and performance of wireless smart baby monitors indicate their rising popularity.
By Distribution Channel Insights
The offline segment is expected to hold the largest Global Smart Baby Monitor Market share during the forecast period.
Based on the distribution channel, the global smart baby monitor market is classified into online and offline. Among these, the offline segment is expected to hold the largest smart baby monitor market share during the forecast period. Through offline distribution channels, sales of smart baby monitors are growing quickly for a variety of reasons. Before making a purchase, many parents want to personally inspect and engage with the item, which offline retailers provide. Additionally, offline businesses frequently offer demos and professional guidance to reassure customers. likewise, some customers might not have a consistent internet connection, making offline retailers a more accessible choice. Relevant examples are large baby stores and electrical retailers that provide a variety of smart baby monitors and have noticed a surge in customers looking for the finest products for their infants.
By Application Insights
The home/family segment dominates the market with the largest revenue share over the forecast period.
On the basis of application, the global smart baby monitor market is segmented into home/family, commercial, daycare, and hospitals. Among these, the home/family segment is dominating the market with the largest revenue share of 57.2% over the forecast period. The increasing number of working parents and increased knowledge about the usage of devices equipped with innovative technology are driving the global adoption of smart baby monitors. In order to watch their infants' every step from any location at any time, parents are investing in the installation of video and audio-enabled baby monitoring equipment connected to their smartphones through applications.
North America dominates the market with the largest market share over the forecast period.
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North America is dominating the market with more than 51.2% market share over the forecast period. Quick adoption of new technology, an increase in dual income due to the high employment rate, and the adoption of female empowerment, which results in an increase in the number of female workers, are some of the factors that contribute to the market's growth in this area. The US Department of Labour estimates that women make up about 47% of the working population in the country. Additionally, the rapid innovation in the electronic industry's advanced materials and technologies, coupled with the rapid expansion of e-commerce platforms in the last decade, is another major factor that has positively influenced the growth of the market.
Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. The expansion of the baby monitor market in APAC is significantly influenced by the ongoing population growth and the rising income levels of the middle- and upper-class populations. Families frequently look for ways to make sure their kids are safe and content even when they are not physically present. Europe market is expected to register a substantial CAGR growth rate during the forecast period.
List of Key Market Players
- Motorola, Inc
- Samsung Electronics Co., Ltd.
- Summer Infant, Inc.
- Vtech Communications, Inc.
- Lorex Technology Inc
- Dorel Juvenile Group, Inc.
- Ibaby Labs, Inc.
- Koninklijke Philips N.V.
- Infant Optics
- Snuza International
- Graco Inc
- WiFi Baby
- Withing’s SA
- Nanit Sleep System
Key Market Developments
- On August 2023, Masimo, a global leader in noninvasive monitoring technologies, announced the full U.S. market release of the Stork smart home baby monitoring system.
- On May 2022, Tech Communications, Inc. introduced its LeapFrog line of baby monitors in Canada. The product line included seven models of video baby monitors and smart video baby monitors. The key features are adaptive colour light colour night vision, smart remote monitoring, and high-definition video.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global smart baby monitor market based on the below-mentioned segments:
Smart Baby Monitor Market, Product Analysis
- Video Monitor Device
- Audio Monitor Device
Smart Baby Monitor Market, Connectivity Analysis
Smart Baby Monitor Market, Distribution Channel Analysis
Smart Baby Monitor Market, Application Analysis
Smart Baby Monitor Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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