Smart Baby Monitor Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Smart Baby Monitor Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.41 billion In 2028 At A CAGR Of 9.0% :

The smart baby monitor market size has grown strongly in recent years. It will grow from $1.56 billion in 2023 to $1.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed the increasing presence of online retailers, growing urbanization and lifestyle changes, rising dual-income households, and growth in the volume of nuclear families.

The smart baby monitor market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the growing population of working parents, rising focus on holistic child development, the increasing penetration of smartphones, and growing dependence on remote monitoring of infants. Major trends in the forecast period include collaborations, partnerships, advancements in camera technology, technological advancements, product innovations, and use of artificial intelligence.

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Smart Baby Monitor Market Major Segments
The smart baby monitor market covered in this report is segmented -

1) By Product: Audio And Video, Tracking Device
2) By Connectivity: Wired, Wireless
3) By Distribution Channel: Hypermarket Or Supermarket, Wholesalers Or Distributors, Specialty Stores, Independent Stores, Online Retailers, Other Sales Channel
4) By Application: Home or Family, Commercial, Daycare, Hospitals

Key Driver - Working Parents Fueling The Expansion Of The Smart Baby Monitor Industry

The surging population of working parents is expected to propel the growth of the smart baby monitor market going forward. Working parents refer to individuals who are parents or guardians of children and are actively engaged in employment or some form of work to earn a living. A smart baby monitor helps working parents by providing real-time remote monitoring and alerts, allowing them to balance work commitments while ensuring the safety and well-being of their child. For instance, in 2023, according to the U.S. Bureau of Labor Statistics, a US-based government agency, around 91.2% of households with children under the age of 18 had at least one employed parent in 2022, an increase from 89.1% in 2021. Further, almost all families with children (97.4%) in 2022 had at least one working parent, and approximately 65.0% of these households featured both parents working. Therefore, the surging population of working parents is driving the growth of the smart baby monitor market.

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Prominent Trend - VTech's Breakthrough In AI-Enabled Smart Baby Monitoring

Major companies operating in the smart baby monitoring market are increasing their focus on introducing local AI-enabled technology in nursery monitoring systems, such as V-Care VC2105, to increase their profitability in the market. AI in smart baby monitoring enhances safety and provides real-time insights for parents through intelligent data analysis and advanced sensors. For instance, in September 2023, VTech Holdings Limited, a China-based electronics company, launched the V-Care VC2105, which has cutting-edge local AI capabilities. This monitor ensures a secure and calm sleep environment for babies, alleviating parental sleep concerns. The 720p HD Parent Unit Display enables remote monitoring through smartphones, offering a complete view of the baby and sleep analytics. The smart camera helps parents ensure their baby's comfort and safety through intelligent features. It can identify the baby's face, detect rollovers, and even alert parents if the baby enters unsafe zones (with the optional stand). Privacy concerns are alleviated with secure on-device storage and VTech's robust security measures for protecting all footage. For even greater peace of mind, parents can add the optional Breathing Sensor Tag, which monitors breathing patterns, movement, and rollovers, providing additional comfort and assurance.

Smart Baby Monitor Market Players
Major companies operating in the smart baby monitor market report are Samsung Electronics Co. Ltd., Panasonic Corp., BT Group plc, Anker Innovations, Koninklijke Philips N.V., Motorola Inc., VTech Holdings Limited, Graco Inc., Dorel Industries Inc., Arlo Technologies Inc., LeapFrog Enterprises Inc., Allen & Heath Ltd., Summer Infant Inc., Lorex Technology Inc., Owlet Baby Care, Withings, Angelcare Group, Nanit, Cubo AI, Miku Inc., Lollipop Smart Baby Camera, Bebcare Baby Care, Babysense, Raybaby, WiFi Baby, iBaby Labs Inc., Medisana GmbH, Infant Optics, Snuza International

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Largest And Fastest Growing Region In The Market
North America was the largest region in the smart baby monitor market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart baby monitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Baby Monitor Market Report Structure
3. Smart Baby Monitor Market Trends And Strategies
4. Smart Baby Monitor Market - Macro Economic Scenario
5. Smart Baby Monitor Market Size And Growth
…..
27. Smart Baby Monitor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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