The global demand for Smart Baby Monitor Market is presumed to reach the market size of nearly USD 2170.66 MN by 2028 from USD 1187.42 MN in 2021 with a CAGR of 9% under the study period 2022 - 2028.
A smart baby monitor is an automatic audio/video capture device used to monitor and track infant movements in real-time. These monitors are available in wired and wireless configurations. They have high-definition video recording, temperature sensors, smartphone notifications, two-way audio systems, and Wi-Fi capabilities to boost connectivity. Smart baby monitors also aid in the monitoring of babies with health problems since they allow parents to keep track of indications and symptoms of illnesses. These technologies let parents relax by communicating with their children in real-time while they are away from home. As a result, they're common in households, daycares, and other professional settings, including hospitals and early learning institutions.
Market Dynamics
A main driving element in the smart baby monitor market is the growing number of nuclear families and working parents. Another significant element driving market expansion is rapid urbanization, accompanied by increased consumer awareness about child safety. Following this, the integration of baby monitors with smartphones, which allows for location-based tracking and notifications, is also helping to drive market expansion. Other growth-inducing elements include numerous product breakthroughs, such as integrating linked devices with the Internet of Things (IoT) and Artificial Intelligence (AI). Furthermore, changing lifestyle habits and increased disposable money are boosting demand for smart baby monitors. Furthermore, the smart baby monitor market is predicted to develop due to the evolving trends toward commercialization and online shopping. The need for smart baby monitors is being driven by novel technological features such as mobility, connectivity efficiency, and WLAN connectivity. However, the lowering birth rate associated with economic and social affluence will likely stifle growth in the smart baby monitor market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart baby monitor. The growth and trends of smart baby monitor industry provide a holistic approach to this study.
Market Segmentation
This section of the smart baby monitor market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Audio & Video
- Tracking Devices
By Connectivity
By Application
- Home
- Commercial (Hospital, Early Learning Centre)
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Smart Baby Monitor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Smart Baby Monitor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart baby monitor market include Motorola Mobility LLC, Cubo AI, Safety 1st, iBaby Labs Inc., Miku Inc., Summer Infant Inc., Lorex Technology Inc., Medisana GmbH, Infant Optics, Angelcare Monitor Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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