The global smart baby monitor market exhibited moderate growth during 2015-2020. 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. Looking forward, IMARC Group expects the global smart baby monitor market to grow at a CAGR of around 5% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart baby monitor market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, connection type, application and distribution channel.
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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.
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