Smart Baby Monitor Market: Overview
The global smart baby monitor market was worth USD 1.33 billion in 2022 and is estimated to grow to USD 2.54 billion by 2030, with a CAGR of approximately 8.4 percent over the forecast from 2023 to 2030.
Smart baby monitors, also called baby alarms, are electronic consumer goods used largely to monitor babies in homes. It gives information on babies and can track their activities while reporting them directly to the parents via smartphone apps. It can also provide live video, audio, and location information. It is anticipated that one of the main factors driving the market will continue to be the rise in the number of working mothers in nations like the United States, China, and Canada. Because they enable customers to communicate with their children in real time, these devices lessen parents’ stress at work or away from home. It is anticipated that a decline will hamper the market demand for the business in the birthrate brought on by a high-stress and sedentary lifestyle. Long-term market growth potential is also created by product improvements and technical advancements that result in improved benefits, including real-time tracking and the ability of parents to communicate with their children. The challenge to the market’s growth pace will be parents’ unwillingness to leave their children alone out of concern for their safety and security.
Smart Baby Monitor Market Drivers:
In urban areas, the number of working parents is rising. Numerous factors, such as nuclear families in big cities and rising female employment rates, are contributing to an increase in childcare concerns. Parents are purchasing baby care items and safety equipment since they cannot devote enough time to caring for their babies. Manufacturers are taking advantage of this chance to create cutting-edge, intelligent products that can assist parents in keeping an eye on their children in real time and warning them sometimes. Rising purchasing power and high disposable income from urban consumers are assisting in the market’s growth as working parents are willing to spend money to ensure the safety of their children. Because people are busier and need monitoring solutions, developing countries are also seeing an increase in their consumer base.
Smart Baby Monitor Market: Restraints
In cities, parents frequently utilize smart monitors. However, because these monitors are electronic devices, they are vulnerable to malfunction or hacking. As connectivity may be hindered or the monitors may be harmed, these issues may be disturbing. Monitors could experience technical faults that cause communication problems and false information. If they are not handled correctly, and on time, these problems could become quite serious. If the monitor uses Bluetooth connectivity or a wireless Wi-Fi connection, the signal range on these monitors is similarly constrained. If the weather changes or the Wi-Fi device malfunctions, internet-connected monitors may experience connectivity problems. The market for smart baby monitors is proven to be hampered by all of these issues.
Smart Baby Monitor Market: Segmentation
The global smart baby monitor market has been segmented into product types and distribution channels.
Based on product type, wi-fi baby monitors, video baby monitors, and audio-only baby monitors are the global smart baby monitor market segments. The video baby monitors segment led the smart baby monitor market in 2022. Cameras, sensors, and mobile phones are examples of video surveillance equipment. Video cameras give parents access to their children’s status through live videos to effectively and safely watch over their children while away from home. The baby’s activity, feeding routine, and nap time are monitored through video. Several video monitoring systems for smart baby monitoring include temperature sensors, automatic mobile notifications, and two-way audio. Three major producers of smart baby monitors with video capabilities are Cubo AI, iBaby Labs, and Motorola, Inc.
Based on distribution channels, the global smart baby monitor market is segmented into hypermarkets/supermarkets, wholesalers/distributors, specialty stores, independent stores, online retailers, and other sales channels. The hypermarkets/supermarkets segment dominated the smart baby monitor market in 2022. Globally, the offline retail sector has been boosted by the increased penetration of supermarkets and hypermarkets. Before making purchases, customers can receive personal service, easy returns, and physical verification in the brick-and-mortar store.
Smart Baby Monitor Market: Regional Landscape
North America dominated the smart baby monitor market in 2022. One of the main factors driving the market’s growth in the United States is the increased adoption of cutting-edge baby products. Moreover, the country’s explosive boom in internet retailing is helping the industry expand. The easy accessibility of the smart baby monitor in specialty and online stores in the United States and Canada has boosted the market’s expansion.
Smart Baby Monitor Market: Competitive Landscape
Some of the prominent competitors dominating the global smart baby monitor market include- Philips, Samsung, Infant Optics, Snuza, WiFi Baby, Motorola, Nanit Sleep System, Graco, Angelcare, Panasonic, Arlo Baby, Eufy SpaceView Baby Monitor, Safety 1st, Levana, Summer Infant Lorex, Withings, Vtech, iBaby Monitor, and Others.
- March 2022: A new range of sensory nursery products called “Connected Home” was launched by Maxi-Cosi, a subsidiary brand of Dorel Juvenile. The four intelligent products involved are the See Baby Monitor, Breathe Humidifier, Glow Crib Light, and Soothe Light & Sound.
- March 2022: A merger agreement between Kids2, Inc. and Summer Infant, Inc., doing business as SUMR Brands, was announced.
COVID-19 Impact on Smart Baby Monitor Market:
The governments in this region’s COVID-19 containment efforts have harmed the electronics industry. China, the region’s top manufacturer and one of the worst-affected nations, along with India, has finally impacted the production of electronic equipment. Moreover, the procurement rate of electronic equipment, including the hardware components of smart baby monitors, has been significantly affected by supply chain and logistics disruption. The number of new projects in India, South Korea, Japan, and Vietnam has significantly decreased. Therefore, it is anticipated that in the upcoming quarters, continued disruptions in the supply of raw materials and components, as well as rising demand from China and other Asian nations, will impact the growth of the market for smart baby monitors.
Global Smart Baby Monitor Market is segmented as follows:
Smart Baby Monitor Market by Product Type Outlook (Revenue, USD Million, 2017 – 2030)
- Wi-Fi Baby Monitors
- Video Baby Monitors
- Audio-only Baby Monitors
Smart Baby Monitor Market by Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
- Specialty Stores
- Independent Stores
- Online Retailers
- Other Sales Channel
Smart Baby Monitor Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- The UK
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
|Smart Baby Monitor Market Report Scope
|Market Size Value in 2022
||USD 1.33 billion
|Revenue Forecast in 2030
||USD 2.54 billion
||CAGR of 8.4 % from 2023 to 2030
|Base Year for Estimation
||2017 – 2022
||2023 – 2030
||Revenue in USD million and CAGR from 2023 to 2030
||Revenue forecast, company ranking, Trends
competitive landscape, and growth factors
|| Product Type, Distribution Channel, and Region
||North America; Europe; Asia Pacific; Latin America; Middle East & Africa
||U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others
|Key Companies Profiled
||Philips, Samsung, Infant Optics, Snuza, WiFi Baby, Motorola, Nanit Sleep System, Graco, Angelcare, Panasonic, Arlo Baby, Eufy SpaceView Baby Monitor, Safety 1st, Levana, Summer Infant Lorex, Withings, Vtech, iBaby Monitor, and Others