Rising number of employed women and use of artificial intelligence are the leading factors expected to drive the global Smart Baby Monitor market during the forecast period.
According to TechSci Research report, “Smart Baby Monitor Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Smart Baby Monitor market is anticipated to project robust growth during the forecast period because of the rising number of nuclear families, increasing child safety awareness, changing lifestyles, and new launches of technologically advanced products.
A baby monitor is a gadget that customers can use to hear or watch over or track children when customers are not with them or at home. Depending on the equipment they use, a baby monitor can provide audio or video data of a child. Some gadgets can play baby tunes and have a night light feature.
Babies require ongoing care to maintain their health and safety. Parents can see, amuse, and calm their child from any location owing to a baby monitor. When babies were first introduced, there were infant care devices that could only play sounds. However, technology has worked wonders by integrating cameras into these gadgets to permit continuous video surveillance of the children.
There are two product types of smart baby monitors – video & audio and tracking devices.
The phrase “video baby monitor” is quickly losing its usefulness, but for those who haven’t just purchased a new baby monitor, the distinction might not be immediately apparent. For a long time, baby monitors were just simple audio devices through which one could hear when kids made noise or cried. However, most contemporary baby monitors have opted to include video as well, and it’s quickly taking over as standard. Customers can see and hear their child while they are sleeping owing to these video baby monitors.
A child tracking device is a system that tracks and keeps track of a child’s whereabouts. The program’s goal is to develop a technology that would enable parents to monitor their children even while they are out of sight.
According to many parents, baby monitors provide them with more peace of mind rather than lying awake at night wondering if their child is okay or waking up multiple times during the night to check. The potential life-saving characteristics of baby monitors, which can sound an alarm if the baby is in danger, makes them very alluring. Baby monitors are useful because they include automatic smartphone notifications, temperature sensors, and two-way audio features that can help parents stay in touch with their tiny ones, especially in the early parenting years, which are full of uncertainties and fears. The first EZVIZ AI-powered small baby monitor was launched in 2022, offering new parents’ smarter awareness to assist them with daily tasks and constant care. It is completely battery-powered and can be carried anywhere with no strings attached. Thus, new product launches with a wide variety of features are expected to fuel market growth.
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The Smart Baby Monitor market is segmented on the basis of product type, application, distribution channel, and region.
Based on product type, the market is further fragmented into audio & video and tracking devices. The audio & video segment is expected to dominate the market because it evaluates kids and notifies customers of any changes using a range of sensors. The customer’s kid’s heart rate, sleep habits, the environment’s temperature, and many other things may all be monitored by a smart baby monitor.
Based on application, the market is segmented into residential and commercial. The residential segment is expected to dominate the market on account of increasing child safety awareness among people and rising number of nuclear families.
Based on the distribution channel, the market is segmented into online and offline.
Based on region, the market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Key market players in the Smart Baby Monitor market include:
- Koninklijke Philips N.V.
- Motorola Mobility LLC
- Samsung Electronics Co. Ltd.
- Dorel Industries Inc.
- iBaby Labs, Inc.
- Lorex Technology Inc.
- VTech Holdings Ltd.
- The Holding Angelcare Inc.
- Dorel Juvenile Group, Inc. (Safety1st)
- Infant Optics
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“The technologically advanced Smart Baby Monitor with a wide variety of features is a significant trend expected to impact growth over the forecast period. The rising number of employed women, changing lifestyle, use of artificial intelligence and increasing number of nuclear families are the leading factors that are expected to positively impact the Smart Baby Monitor market. Owing to the wide range of products available to meet the specific needs of customers and the growing popularity of the internet channel, the market is growing.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Smart Baby Monitor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Audio & Video, Tracking Devices), By Application (Residential, Commercial), By Distribution Channel (Online and Offline), By Region, Competition, has evaluated the future growth potential of Smart Baby Monitor market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in products of Smart Baby Monitors.
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