USD 1.14 billion
Report ID:
SQMIG45J2137 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
85
|Figures:
76
Smart Baby Monitor Market size was valued at USD 1.23 Billion in 2023 and is poised to grow from USD 1.33 Billion in 2024 to USD 2.44 Billion by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
The growth of the smart baby monitor market is primarily driven by the expansion of nuclear families and an increase in birth rates. These factors act as significant catalysts, fuelling the demand for these innovative devices. This demand is further augmented by parents' heightened concern for child safety, indirectly contributing to the market's upward trajectory.
In addition, continuous advancements in product innovation and technology are creating new opportunities for the market's expansion. These innovations are enabling features such as real-time tracking and enhanced parent-child communication, thereby bolstering the market's potential over the long term.
A key factor propelling the market's growth is the rapid adoption of smart home technologies. As more households embrace interconnected devices and delve into the realm of the Internet of Things (IoT), integrating a smart baby monitor into the broader smart home ecosystem becomes a logical and intuitive choice. This integration becomes even more apparent as families increasingly appreciate the convenience of connected functionalities, accessible through their smartphones, tablets, and smart speakers. Consequently, this integration significantly enhances the overall user experience.
The evolving trend towards nuclear family setups has brought about increased responsibilities for parents, underscoring the need for cutting-edge smart baby equipment. This changing family dynamic has led to a surge in demand for sophisticated baby monitors and similar solutions. This demand stems from the necessity to ensure children's safety in situations where parents are absent from the household premises. These innovative tools have become essential, symbolizing parents' unwavering commitment to safeguarding their children's well-being in a world that is becoming increasingly dynamic and interconnected.
US Smart Baby Monitor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.14 billion
Largest Segment
Audio & Video monitors
Fastest Growth
Audio & Video monitors
Growth Rate
7.9% CAGR
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The global smart baby monitor market segmented into Product Type, Connectivity, Distribution Channel, and Regional presence. In terms of Product Type, the market is categorized into Audio & Video monitors, Tracking Devices, and Internet-connected monitors. The Connectivity aspect encompasses both Wired and Wireless options, catering to diverse preferences. The Distribution Channel classification encompasses offline retail and online platforms, providing consumers with multiple avenues for purchase. Geographically, the market is divided into key regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Smart Baby Monitor Market Analysis by Product Type
In terms of Product Type, the market is categorized into Audio & Video monitors, Tracking Devices, and Internet-connected monitors. The market landscape witnessed a remarkable dominance of the audio and video segment. This is achieved by a particular breed of smart monitor, one that seamlessly integrates both audio and video functionalities. These advanced monitors come replete with an array of features designed to comprehensively cater to the needs of infant monitoring. Among these features are supplementary receivers, motion sensors, soothing night lights, interactive talk-back capabilities, and even real-time temperature displays. Parents and caregivers value the ability to visually monitor their babies, enhancing the overall sense of security and peace of mind.
Internet-connected monitors have truly emerged as the fastest growing player, driven by their exceptional versatility and unmatched convenience, thereby securing their position as the fastest growing segment within the present market scenario. Their ability to provide continuous monitoring, notifications, and integration with other smart devices caters to the demands of tech-savvy caregivers. Their remarkable appeal stems from their capacity to seamlessly integrate with the modern lifestyle, providing parents and caregivers with unprecedented access and control over their child's environment.
Smart Baby Monitor Market Analysis by Connectivity
In terms of Connectivity, the market is divided into Wired and wireless type. Among these, the wired category emerges as the anticipated dominant sector. This can be attributed to its superior connectivity attributes, underscored by the absence of concerns surrounding signal loss or interruptions. The wired option offers a steadfast and uninterrupted monitoring experience, bolstered by its consistent and reliable connection. This characteristic has positioned it as a favored choice, as it addresses worries related to potential hindrances in connectivity.
Notably, the wireless category is emerging as the fastest growing sector between the two. Wireless smart baby monitors offer unparalleled convenience, allowing caregivers to monitor their infants remotely through intuitive smartphone applications or dedicated receiver devices. This liberates parents from the constraints of physical cables and permits them to supervise their babies from various locations both inside and outside the home. The elimination of wiring complexities combined with the flexibility of wireless connectivity has fueled the increasing demand for wireless smart baby monitors, making them a dominant and promising presence in the evolving market landscape.
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North America proved to be the largest and the dominating one geographically. The surge in working women within the region, alongside increasingly demanding lifestyles, is propelling the adoption of smart baby monitors as a precaution against accidents. These monitors effectively alleviate parental anxieties by enabling real-time supervision of their children's activities while juggling professional commitments. In the U.S., families with infants and toddlers allocate 50% more on childcare compared to those with older children. As dual-income households rise, there's a substantial investment in child safety products, notably smart baby monitors, facilitating remote monitoring and providing peace of mind to parents, even when physically separated from their babies.
Asia Pacific has been witnessed as the fastest growing in this market. The demands of working parents in urban households, grappling with lengthy work hours and tight schedules, have led to an augmented reliance on remote infant monitoring for ensuring safety and adherence to routines. This trend is propelling the adoption of smart baby monitors. The combination of convenience, evolving features, and expanded choices is driving consumer preference towards these products. In economies like Malaysia, Thailand, and Indonesia, heightened awareness among parents about infant health and hygiene is translating into a willingness to invest more in higher-quality smart baby monitoring solutions.
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Smart Baby Monitor Market Drivers
Increasing Need for Remote Monitoring Solutions
Smart Baby Monitor Market Restraints
Increasing infertility rates
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The industry players are engaged in a race to develop cutting-edge features, such as high-definition video streaming, real-time alerts, and integration with smart home ecosystems. Established electronics companies and startups alike are vying for market share, striving to cater to the demands of tech-savvy parents seeking convenient and reliable infant monitoring solutions. The market's evolution is driven by a delicate balance between product performance, ease of use, and data security, as consumers prioritize not only advanced functionalities but also the safeguarding of their privacy.
Smart Baby Monitor Market Top Player’s Company Profiles
Smart Baby Monitor Market Recent Developments
The official U.S. market release of the Stork smart home baby monitoring system was announced by Masimo, a leading global provider of noninvasive monitoring technology, in August 2023.
2023 May VTEX, the enterprise digital commerce platform, and Motorola Solutions, Inc. partnered. Through the partnership, Motorola was able to offer a variety of features to its clients, including payment on delivery, free delivery, email-based OTP log-in, and affordability plans. Furthermore, VTEX's low-code development platform made it possible to launch new projects quickly and stay on the cutting edge.
2023 May Ping Identity, an enterprise identity solution, and Arlo Technologies, Inc. teamed. This partnership provided Arlo Safe subscriptions to about 800 US Ping Identity employees, providing complete personal, family, and vehicle protection. Furthermore, Ping Identity and Arlo work together to protect clients both online and offline while offering Ping employees personal safety solutions.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global smart baby monitor market analysis, it has witnessed remarkable growth, fueled by technological advancements, and shifting parental preferences. This market encompasses an array of product types, including audio-based, video-based, and sensor-equipped monitors. Video-based monitors dominate due to their ability to offer both audio and visual insights into infants' activities. Moreover, the integration of features like motion detection, temperature sensing, and real-time alerts has enhanced their utility. The market's geographical landscape is diverse, with the US and UK being major players due to their robust technological infrastructure and consumer demand for smart solutions. Additionally, the Asia-Pacific region, particularly countries like China, India, and Japan, is witnessing rapid growth, attributed to urbanization, increasing disposable income, and the demand for remote monitoring solutions among busy working parents.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.14 billion |
Market size value in 2031 | USD 2.26 billion |
Growth Rate | 7.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Smart Baby Monitor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Baby Monitor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Baby Monitor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Baby Monitor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Report ID: SQMIG45J2137
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