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Smart Baby Monitor Market Size Growth Forecast: What to Expect by 2025?
The market of smart baby monitors has experienced significant expansion over the past years. Its size is projected to increase from $1.71 billion in 2024 to $1.84 billion in 2025, representing a compound annual growth rate (CAGR) of 7.3%. The historical growth of this market can be associated with factors such as the burgeoning number of online shops, escalating urbanization and shifts in lifestyle patterns, an upward trend in households with dual incomes, and a rise in the number of nuclear families.
How Will the Smart Baby Monitor Market Size Evolve and Grow by 2029?
The market for smart baby monitors is predicted to witness significant expansion in the coming years, reaching a value of $2.55 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this predicted growth during the forecast period include an increasing number of working parents, a heightened emphasis on comprehensive child development, more widespread usage of smartphones, and a growing reliance on the remote supervision of babies. The forecast period is expected to see key trends such as collaborations, partnerships, progress in camera technology, technological advancements, product innovation, and the application of artificial intelligence.
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What Drivers Are Propelling the Growth of Smart Baby Monitor Market Forward?
The rise in the number of working parents is set to drive expansion in the smart baby monitor market. Working parents, those with children that they are responsible for, who are also gainfully employed, can greatly benefit from smart baby monitors. These devices offer real-time remote monitoring and alerts, ensuring their children are safe and sound while they manage their work commitments. Data released in 2023 by the U.S. Bureau of Labor Statistics, a government entity, revealed that approximately 91.2% of homes with children under 18 had at least one working parent. This represented an increase from 89.1% in the previous year. Additionally, nearly all households with children (97.4% in 2022) had a working parent, and around 65.0% had both parents working. As such, the smart baby monitor market is seeing a boost due to the escalating numbers of working parents.
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What Trends Will Shape the Smart Baby Monitor Market Through 2029 and Beyond?
Leading enterprises active in the smart baby monitoring market are steering their initiatives towards incorporating local, AI-based technologies in nursery surveillance systems, such as V-Care VC2105, to bolster their profitability in the sector. The adoption of AI in smart baby monitoring bolsters safety and offers parents real-time data through smart data interpretation and advanced sensor technology. For instance, VTech Holdings Limited, a business based in China, unveiled the V-Care VC2105 embracing top-of-the-line local AI functionalities in September 2023. This monitoring device guarantees a tranquil and safe sleeping atmosphere for infants, thereby easing parents’ worries about sleep. The 720p HD Parent Unit Display facilitates remote surveillance through smartphones, providing an all-encompassing view of the baby along with sleep analytics. The intelligent camera assures the comfort and safety of babies, with smart attributes capable of recognizing the baby’s face, detecting rollovers and sending parental alerts if the baby wanders into risky areas (with available stand). Concerns pertaining to privacy are mitigated with secure device storage and stringent security precautions by VTech to safeguard all footage. To provide additional reassurance and comfort, parents have the option to include the Breathing Sensor Tag, which keeps track of breathing patterns, movement, and rollovers.
What Are the Key Segments in the Smart Baby Monitor Market?
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
Subsegments:
1) By Audio And Video: Wi-Fi Baby Monitors, Wired Baby Monitors, Smartphone-Compatible Monitors, Night Vision Monitors
2) By Tracking Device: Wearable Baby Monitors, Sleep Tracking Monitors, Health Monitoring Devices
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Who Are the Key Players Shaping the Smart Baby Monitor Market’s Competitive Landscape?
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, Wi-Fi Baby, ShenZhen sca*m Intelligent Technology Co., iBaby Labs Inc., Medisana GmbH, Infant Optics, Snuza International
What Geographic Markets Are Powering Growth in the Smart Baby Monitor Market?
North America was the largest region in the smart baby monitor market in 2024. 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.
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