The smart baby monitor market is expected to grow from US$ 1.22 billion in 2022 and is expected to reach US$ 2.28 billion by 2030; it is estimated to record a CAGR of 8.1% from 2022 to 2030.
The Europe smart baby monitor market is segmented into the Germany, UK, France, Italy, Russia, and rest of Europe. The market growth in Europe is attributed majorly to its favorable government policies and positive outlook toward the adoption of new technology. Furthermore, the presence of a large number of daycare centers and corporate childcare centers in Europe has paved the way for the smart baby monitor market growth in Europe. The UK, Germany, and the Netherlands are expected to be the leading markets for smart baby monitors in Europe over the forecast period. These countries have a high birth rate and a strong demand for innovative childcare products.
The third-highest revenue-generating region is APAC. APAC includes various developed and developing economies, such as China, India, and several Southeastern countries, along with developed economies, such as Japan and Australia. Moreover, a continuous rise in population and increase in income levels of the middle- and upper-class populations are the significant factors contributing to the baby monitor market growth in APAC. Meanwhile, several reasons such as increasing number of working parents, rising number of day cares across Asia Pacific is fueling the growth of smart cities in various countries including India, China, South Korea, Japan, and Singapore which are expected to create enormous opportunities for the smart baby monitor market players.
Based on type, the market is segmented by type into video monitor device and audio monitor device. The video monitor device segment held the largest share in 2022 and is expected to grow with the highest CAGR. A video monitor can help observe babies from a distance or track their heart rate or breathing. A video monitor is a display device that enables one to observe the output from a piece of video equipment, such as a camera or video player. They are often called reference monitors, as an individual refers to them to make sure the video is working properly. The video monitor device has several advantages, such as remote monitoring in which parents can keep an eye on their baby from anywhere using a smartphone or tablet, providing convenience and peace of mind. It also has enhanced night vision capabilities to ensure clear video feed in low-light conditions, enabling continuous monitoring during nighttime. As the video monitor device has several benefits, its demand is increasing, further fueling the smart baby monitor market growth.
Allen & Heath Ltd; VTech Holdings Ltd; Koninklijke Philips NV; Samsung Electronics Co Ltd.; Panasonic Holdings Corp; iBaby Labs, Inc.; INFANT OPTICS; Snuza; Dorel Industries Inc; NETGEAR; and Withings are among the key smart baby monitor market players that are profiled in this market study.
The overall smart baby monitor market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the smart baby monitor market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the smart baby monitor market.
Reasons to Buy
The Europe smart baby monitor market is segmented into the Germany, UK, France, Italy, Russia, and rest of Europe. The market growth in Europe is attributed majorly to its favorable government policies and positive outlook toward the adoption of new technology. Furthermore, the presence of a large number of daycare centers and corporate childcare centers in Europe has paved the way for the smart baby monitor market growth in Europe. The UK, Germany, and the Netherlands are expected to be the leading markets for smart baby monitors in Europe over the forecast period. These countries have a high birth rate and a strong demand for innovative childcare products.
The third-highest revenue-generating region is APAC. APAC includes various developed and developing economies, such as China, India, and several Southeastern countries, along with developed economies, such as Japan and Australia. Moreover, a continuous rise in population and increase in income levels of the middle- and upper-class populations are the significant factors contributing to the baby monitor market growth in APAC. Meanwhile, several reasons such as increasing number of working parents, rising number of day cares across Asia Pacific is fueling the growth of smart cities in various countries including India, China, South Korea, Japan, and Singapore which are expected to create enormous opportunities for the smart baby monitor market players.
Based on type, the market is segmented by type into video monitor device and audio monitor device. The video monitor device segment held the largest share in 2022 and is expected to grow with the highest CAGR. A video monitor can help observe babies from a distance or track their heart rate or breathing. A video monitor is a display device that enables one to observe the output from a piece of video equipment, such as a camera or video player. They are often called reference monitors, as an individual refers to them to make sure the video is working properly. The video monitor device has several advantages, such as remote monitoring in which parents can keep an eye on their baby from anywhere using a smartphone or tablet, providing convenience and peace of mind. It also has enhanced night vision capabilities to ensure clear video feed in low-light conditions, enabling continuous monitoring during nighttime. As the video monitor device has several benefits, its demand is increasing, further fueling the smart baby monitor market growth.
Allen & Heath Ltd; VTech Holdings Ltd; Koninklijke Philips NV; Samsung Electronics Co Ltd.; Panasonic Holdings Corp; iBaby Labs, Inc.; INFANT OPTICS; Snuza; Dorel Industries Inc; NETGEAR; and Withings are among the key smart baby monitor market players that are profiled in this market study.
The overall smart baby monitor market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the smart baby monitor market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the smart baby monitor market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the smart baby monitor market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the smart baby monitor market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Smart Baby Monitor Market Landscape
5. Smart Baby Monitor Market - Key Industry Dynamics
6. Smart Baby Monitor Market - Global Market Analysis
7. Smart Baby Monitor Market Analysis - Type
8. Smart Baby Monitor Market Analysis - Sales Channel
9. Smart Baby Monitor Market Analysis - Application
10. Smart Baby Monitor Market - Geographical Analysis
11. Smart Baby Monitor Market - Impact of COVID-19 Pandemic
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
- VTech Holdings Ltd
- Koninklijke Philips NV
- Samsung Electronics Co Ltd
- Panasonic Holdings Corp
- iBaby Labs, Inc.
- INFANT OPTICS
- Snuza
- Dorel Industries Inc
- NETGEAR
- Withings
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 155 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 1.22 Billion |
| Forecasted Market Value by 2030 | 2.28 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
