Learn More On The Smart Baby Monitor Market:
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According to The Business Research Company’s Smart Baby Monitor Global Market Report 2024, 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.
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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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
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.
The smart baby monitor market report table of contents includes:
1. Executive Summary
2. Smart Baby Monitor Market Characteristics
3. Smart Baby Monitor Market Trends And Strategies
4. Smart Baby Monitor Market – Macro Economic Scenario
5. Global Smart Baby Monitor Market Size and Growth
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32. Global Smart Baby Monitor Market Competitive Benchmarking
33. Global Smart Baby Monitor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Baby Monitor Market
35. Smart Baby Monitor Market Future Outlook and Potential Analysis
36. Appendix
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