Smart Baby Monitor Market

Smart Baby Monitor Market Size (2022-2027):

The smart baby monitor market is expected to reach an estimated value of USD 1,810.49 million by 2027, registering a substantial CAGR of 5.5% during the forecast period 2021-2027.

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 smart baby monitor market.

The surge in the number of working parents, the expansion in the 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.

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 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 to the growth of the global smart baby monitor market.

SMART BABY MONITOR MARKET REPORT COVERAGE:

Market Segmentation:

Smart Baby Monitor Market By type:

• Audio
• Video

The video segment will have a significant market share and is expected to grow at a good rate in the coming years. Additionally, new technological developments like crying detection, audio storage, and others are complementing the expansion of baby audio monitors. Innovations such as two-way communication and music charging are also contributing to the growing demand for baby audio monitors over the next six years. This segment will experience slower growth and adoption due to minor features compared to video baby monitors.

Smart Baby Monitor Market  By connectivity:

• Wired 
• Wireless 

The share of the wireless connectivity segment will grow at an astonishing rate during the forecast period owing to the growth of wireless networks, the availability of high-speed internet connectivity, and the increase in demand for wireless devices, which are some of the important factors that stimulate demand for wireless services. smart baby monitors during the forecast period. Additionally, additional benefits, such as increased mobility offered by wireless options compared to wired options, are expected to drive demand for these baby monitors. However, it is believed that privacy concerns regarding breaching wireless networks and higher costs compared to their wired counterparts will limit the market potential for years to come.

Regional Analysis:

• North America
• Europe 
• Asia Pacific 
• Latin America
• The Middle East and Africa 

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 to this business compared to other areas.

Recent Developments:

• In 2019, Cube AI plans to launch a baby monitor powered by an artificial baby monitor. This AI Cube is capable of detecting if the baby's face is covered intentionally or accidentally and, as a safety measure, sends an immediate alert to parents if it is accidentally covered.
• In May 2018, Safety 1st published about the availability of “Safety 1st HD WiFi Baby Monitor with Smart Audio Parent Unit”. This release will help expand the current Safety 1st home security product portfolio by ensuring that parents can see or hear their children in a high-quality environment.

Key market players:

Some of the major players in the global smart baby monitor market are

1. Motorola

2. Safety 1st

3. Levana

4. Summer Infant

5. Philips

6. Samsung

7. Infant Optics

8. Snuza

9. Graco

10. Angelcare

11. WiFi Baby

12. Lorex

13. Withings

14. iBaby

15. Vtech.

16. iBaby Monitor

17. Nanit Sleep System

18. Eufy SpaceView Baby Monitor

19. Panasonic

20. Arlo Baby and others

Impact of Covid-19 on the Smart Baby Monitor Market:

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 2021 and 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.