The global smart baby monitor market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
A smart baby monitor is an automated audio/video capturing device used for real-time monitoring and tracking of a toddler’s movements. These monitors are available in both wired and wireless variants. They are equipped with high-definition video recording, temperature sensors, mobile notifications, two-way audio systems and Wi-Fi features to provide improved connectivity. These monitors also assist in monitoring babies with health issues as they enable the parents to monitor signs and symptoms of the illnesses. These devices aid in reducing the stress of the parents by providing real-time communication and updates of the child while they are away from home. As a result, they are extensively used in homes, daycares and other professional centers, such as hospitals and early learning centers.
Rapid urbanization, along with the rising consumer awareness regarding child safety, is one of the key factors driving the market growth. With the increasing number of nuclear families with working parents, there is a significant increase in the demand for smart baby monitors for remote monitoring of the child. In line with this, the integration of baby monitors with smartphones that provide location-based tracking and notifications is also contributing to the growth of the market. Additionally, various product innovations, such as the integration of the connected devices with the Internet of Things (IoT) and Artificial Intelligence (AI), are acting as other growth-inducing factors. Moreover, aggressive promotional activities by the product manufacturers through online retail channels and social media platforms to attract a wider consumer base are further creating a positive outlook for the market. Other factors, including rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart baby monitor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, connection type, application and distribution channel.
Breakup by Product:
- Audio and Video Devices
- Tracking Devices
Breakup by Connection Type:
Breakup by Application:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Angelcare Monitor Inc., Dorel Industries Inc., iBaby Labs Inc., Lorex Technology Inc. (Flir Systems Inc.), Motorola Solutions Inc., Netgear Inc., Safety 1st, Samsung Electronics Co. Ltd., Summer Infant Inc. and VTech Communications Inc.
|Base Year of the Analysis
|| Product, Connection Type, Application, Distribution Channel, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
|| Angelcare Monitor Inc., Dorel Industries Inc., iBaby Labs Inc., Lorex Technology Inc. (Flir Systems Inc.), Motorola Solutions Inc., Netgear Inc., Safety 1st, Samsung Electronics Co. Ltd., Summer Infant Inc. and VTech Communications Inc.
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Key Questions Answered in This Report:
- How has the global smart baby monitor market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart baby monitor market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the connection type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart baby monitor market and who are the key players?
- What is the degree of competition in the industry?