Global Smart Baby Monitor Market

Smart Baby Monitor Market Size, Share, Growth Analysis, By Product Type(Audio and video, tracking devices and internet.), By Connection(Wired and wireless), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2137 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 85 | Figures: 76

Smart Baby Monitor Market Dynamics

Smart Baby Monitor Market Drivers

Increasing Need for Remote Monitoring Solutions

  • One of the major drivers in the global smart baby monitor market is the increasing need for remote monitoring solutions due to the growing trend of dual-income households and busy lifestyles among parents. This has led to a higher demand for smart baby monitors that allow parents to keep a close watch on their infants even when they are not physically present in the same room. The convenience and peace of mind provided by these monitors align well with the modern parenting requirements, driving their adoption and contributing to the growth of the market.

Smart Baby Monitor Market Restraints

Increasing infertility rates

  • The escalation in infertility rates can be attributed to elevated stress levels and modern lifestyles, imposing a lasting constraint on market enlargement. Furthermore, parental reluctance to leave their children unattended, driven by concerns over safety and security, is expected to impede the market's growth momentum.
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FAQs

Smart Baby Monitor Market size was valued at USD 1.14 billion in 2022 and is poised to grow from USD 1.23 billion in 2023 to USD 2.26 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

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. 'Motorola Baby Monitors (US)', 'Nanit (US)', 'iBaby Labs (US)', 'Arlo Technologies (US)', 'Infant Optics (US)', 'Eufy (US)', 'Owlet Baby Care (US)', 'VTech Communications (US)', 'Angelcare (UK)', 'BT (UK)', 'Samsung Electronics (South Korea)', 'Philips Avent (Netherlands)', 'Safety 1st (US)', 'Cocoon Cam (US)', 'Withings (France)', 'Summer Infant (US)', 'Lollipop (US)', 'Kodak (US)', 'Hello Baby (US)', 'Cubo Ai (US)'

One of the major drivers in the smart baby monitor market is the increasing need for remote monitoring solutions due to the growing trend of dual-income households and busy lifestyles among parents. This has led to a higher demand for smart baby monitors that allow parents to keep a close watch on their infants even when they are not physically present in the same room. The convenience and peace of mind provided by these monitors align well with the modern parenting requirements, driving their adoption and contributing to the growth of the market.

Privacy and Data Security: With the increasing connectivity of smart baby monitors, concerns around data privacy and security became more prominent. Manufacturers started focusing on implementing robust encryption and security measures.

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.

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Global Smart Baby Monitor Market

Report ID: SQMIG45J2137

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