Smart Baby Monitor Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Smart Baby Monitor Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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, ShenZhen Fosca*m Intelligent Technology Co., iBaby Labs Inc., Medisana GmbH, Infant Optics, Snuza International

Smart Baby Monitor Market 2024 Key Insights:

• The smart baby monitor market is expected to grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• Working Parents Fueling The Expansion Of The Smart Baby Monitor Industry
• VTech's Breakthrough In AI-Enabled Smart Baby Monitoring
• North America was the largest region in the smart baby monitor market in 2023

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