The smart baby monitor market is expected to reach an estimated value of USD 1,810.49 million by 2026, registering a substantial CAGR during the forecast period 2021-2026.
The smart baby monitor is an electronic device that is mainly used to track the baby's movements and other activities. The market is expanding because of the innovation in technologies, especially in video and Wi-Fi technology, acting directly as a growth driver of the global smart baby monitor market.
The surge in the number of working parents, the expansion in a nuclear family, and the enhanced lifestyle requirements have opened novel opportunities for various sectors, especially in childcare products like a smart baby monitor. Additionally, online shopping and increased spending on baby products are helping smart baby monitors grow in the market. The smart baby monitor market is also facing challenges from a security perspective.
Smart baby monitors allow parents to keep track of their children's activities. Growing awareness of child safety has encouraged working parents to purchase this type of product. An increase in the number of working mothers in countries like the United States, China, and Canada is expected to remain a key driver of the market. These products reduce stress for parents when they are at work or away from home by facilitating real-time communication between parents and children for buyers. In addition, the rapid penetration of smartphones has supported the growth of the industry, as they allow parents to observe their children from anywhere.
The Smart Baby Monitor that currently belongs to public services is mainly affected by the COVID-19 pandemic. Most projects in China, the United States, Germany, and South Korea are delayed, and companies face short-term operational problems due to supply chain limitations and lack of access to electricity due to the coronavirus outbreak. The utility segment is driven primarily by increased financial incentives and regulatory support from governments around the world. In an exclusive section publishing the analysis of the impact of covid-19 on the smart baby monitors market, the report attempts to trace the evolution of the market growth trajectory from 2019 to 2021and beyond the medical crisis. While the pandemic forced the entire industry to change its preferences, it revolutionized the industry and its subsectors in no time.
Smart Baby Monitor Market Growth and Trends:
The global smart baby monitor market is rising with the increasing innovations and the expanding product portfolio of leading enterprises. Smart baby monitors are devices that control sound, movement and more. The information is shared through a smart app installed on parents' devices. The global smart baby monitor market is expanding because of the improving socio-economic conditions of both the father and mother in a family. Parents, especially if the two of you are working, don't hesitate to spend the money to keep your loved one safe.
Rising disposable income, the growing number of nuclear families, and changes in lifestyles are also contributing to the growing demand for smart baby listening solutions.
Smart Baby Monitor Market Drivers and Restraints:
The rising number of professional agencies that offer baby care is supposed to promote the call for the smart baby monitor market as the adoption rate is increasing. Growing awareness of baby safety and product innovation is likely to drive the smart baby monitor business. One of the major factors contributing to the growth of the market is the technological advancement and the product features for premiumization. However, the safety concerns associated with smart baby monitors and declining birth rates are among the challenges limiting the growth of the international marketplace. Device hacking is the main concern of parents, acting as a hindrance in the growth of the global smart baby monitor market.
The global smart baby monitor market is segmented by type, connectivity, and geography. By type, the market has been segmented into audio and video. By connectivity, the market has been segmented into wired and wireless.
The global smart baby monitor market has been divided into North America, South America, Europe, Middle East & Africa and Asia Pacific regions. The report also examines 15 countries from these regions with a comprehensive analysis and forecast as well as the dominant market trends and opportunities that each of these countries presents for manufacturers. North America and Europe are the major contributors in this business compared to other areas.
Key market players:
Some of the major players in the global smart baby monitor market are Motorola, Safety 1st, Levana, Summer Infant, Philips, Samsung, Infant Optics, Snuza, Graco, Angelcare, WiFi Baby, Lorex, Withings, iBaby, Vtech., iBaby Monitor, Nanit Sleep System, Eufy SpaceView Baby Monitor, Panasonic, Arlo Baby and others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Smart Baby Monitor Market, By Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Smart Baby Monitor Market, By Connectivity
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Connectivity
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Connectivity
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Connectivity
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By Connectivity
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Connectivity
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Summer Infant
8.6 Safety 1st
8.7 WiFi Baby
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures