From 2024 to 2034, the global smart baby monitor market is anticipated to grow at a steady compound annual growth rate (CAGR) of 8.50%, with its value expected to rise from US$ 1,474.60 million in 2024 to US$ 3,334.10 million by 2034. In 2023, the smart baby monitor industry was valued at US$ 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.
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Business Growth Drivers
- Advanced Technology Integration: The growth of the smart baby monitor market is driven by the integration of advanced technologies such as AI, machine learning, and IoT, enabling features like real-time monitoring, sleep tracking, and health analytics.
- Increasing Parental Concerns for Child Safety: Rising concerns among parents regarding the safety and well-being of their infants contribute significantly to the expansion of the smart baby monitor market, as these devices offer constant vigilance and peace of mind.
- Growing Demand for Convenience and Connectivity: The demand for convenience and connectivity in modern lifestyles fuels the adoption of smart baby monitors, allowing parents to remotely monitor their babies via smartphones or tablets, thereby driving market growth.
- Product Innovations and Competitive Landscape: Continuous product innovations, including features like two-way audio, high-definition cameras, and temperature sensors, intensify competition among market players, stimulating market growth through enhanced offerings.
- Regulatory and Privacy Concerns: Despite the market’s growth prospects, regulatory hurdles and privacy concerns regarding the collection and usage of sensitive data from smart baby monitors pose challenges to market expansion, necessitating compliance with strict regulations and ensuring user data protection.
Smart Baby Monitor Market: Recent Developments
In 2019, Cubo AI expects to launch baby monitor powered by artificial baby monitor. This Cubo AI is able to detect whether baby’s face is intentionally covered and accidentally covered and as a security measure, it sends immediate alert to the parents if it is accidentally covered.
In 2017, Motorola’s Smart Nursery launched alert sensor, 7” touch screen, smart camera, connected scales, humidifier and dream machine with in-depth analytic tracking, a rechargeable camera, digital scrapbook and video diary.
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Additionally, Asia Pacific is projected to showcase steady growth in the global smart baby monitor market due to the growing female working population, hectic life style, growing concern for child safety among parents and rising income level of individuals.
Emerging countries, such as China, India, Brazil, South Africa, and Thailand are the key markets with immense opportunity for smart baby monitor market. Rising number of working parents, increasing adoption rate of baby care products and technological advancement has led the market forward. North America holds the highest market share for smart baby monitor owing to prevalence of nuclear family culture and high spending on baby care products.
Key Players:
Some of the key players operating in the global smart baby monitor Market are
- 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
The research report presents a comprehensive assessment of the smart baby monitor market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for smart baby monitor market.
The research report of smart baby monitor provides analysis and information according to market segments such as geographies, product type, price, and application.
Smart Baby Monitor Market: Regional Outlook
The smart baby monitor market is expected to register a healthy growth across all the geographies during the forecast period. The daycare and professional centers are growing across the globe and likely to drive the market for smart baby monitors.
The smart baby monitor market report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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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
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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