From 2024 to 2034, the smart baby monitor market is projected to grow at a compound annual growth rate (CAGR) of 8.50%. According to projections, the market value will rise from USD 1,474.60 million in 2024 to USD 3,334.10 million in 2034. In 2023, the smart baby monitor market was estimated to be worth USD 1,402.40 million.
A smart baby monitor is an electronic device that tracks a baby’s movements and other activities. The smart baby monitor market is expanding due to technological advancements, particularly in video and Wi-Fi technology. The price of electronic devices is reduced by market competition, which acts as a direct driving force for the expansion of the smart baby monitor industry.
The growing number of working parents, nuclear family and improved lifestyle has opened up new opportunities for several business segments, especially in baby care products, such as a smart baby monitor. Also, online shopping and growing spending on baby products help smart baby monitors to grow in the market. Smart baby monitor market also faces challenges from security point of view.
Smart Baby Monitor Market: Market Dynamics
The increasing number of professional baby care agencies are likely to increase the smart baby care market due to the higher adoption rate of smart baby monitors. Growing awareness about baby safety and product innovation are likely to boost the smart baby monitor market.
Technological advancement and product features to premiumization is one of the factors majorly contributing to the growth of the smart baby monitors market. However, safety concerns associated with smart baby monitors and declining birth rate are among the challenges that limit the growth of smart baby monitors. Hacking of devices is the primary concern for parents which acts as a barrier to the growth of smart baby monitor market.
Smart Baby Monitor Market: Recent Developments
- In February 2023, bonoch, a budding brand that provides smart childcare products and solutions, introduced a long-range baby monitor. The specialty of this product is that it does not require any Wi-Fi connection. The product is engineered to offer a worry-free experience to parents of young children. The brand has upgraded its frequency solution of 900Mhz and offers a stable connection that reaches 1,800 feet in open space for smooth live streaming.
- In August 2022, Arlo Technologies, Inc., a smart home security brand, revealed its national campaign called Protect Your Everything. The campaign focused on two distinct narratives that touch the current chaotic world and its many associated worries. The ad leverages the associated headspace-occupying anxieties to give viewers a sense of control via smarter protection.
Leading Companies in the Smart Baby Monitor Market are as follows
- VTech Communications, Inc.
- Motorola, Inc.
- Dorel Industries Inc.
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Netgear Inc.
- Lorex Technology Inc.
- Summer Infant, Inc.
- Arlo Technologies, Inc.
- iBaby Labs, Inc.
- Others
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Market Segments Covered in Smart Baby Monitor Market Research
By Product:
- Audio and Video
- Tracking Device
By Distribution Channel:
- Offline
- Online
By Region:
- North America
- Latin America
- East Asia
- South Asia and Pacific
- Western Europe
- Eastern Europe
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
