Dublin, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The "Smart Baby Monitors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Smart Baby Monitors is estimated at US$1.4 Billion in 2023 and is projected to reach US$2.1 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Anker Innovations Technology Co., Ltd (Eufy), Arlo Technologies, Inc., Baby Monitor Direct LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the smart baby monitor market is driven by several factors, including technological advancements that enhance device functionality and user experience. Innovations in camera technology, data analytics, and machine learning have enabled these monitors to provide detailed insights into a child's sleep and health that were previously unavailable. There is also a significant trend towards personalization, with products offering customizable alerts and features to suit individual parenting styles and needs. Consumer behavior has shifted towards prioritizing safety and connectivity, with an increasing number of tech-savvy parents looking for devices that offer both security and data privacy.
Additionally, demographic trends such as rising numbers of dual-income families necessitate more flexible monitoring solutions that allow parents to keep an eye on their children while away from home. The expansion of retail and online distribution channels has also made these products more accessible to a broader range of consumers, further fueling market growth. These factors collectively ensure that the smart baby monitor market continues to expand, adapting to the changing dynamics of modern parenting.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Audio & Video segment, which is expected to reach US$1.6 Billion by 2030 with a CAGR of a 5.3%. The Tracking Device segment is also set to grow at 7.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $384.2 Million in 2023, and China, forecasted to grow at an impressive 9.3% CAGR to reach $441.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Baby Monitors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Baby Monitors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Baby Monitors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 37 Featured):
- Anker Innovations Technology Co. Ltd (Eufy)
- Arlo Technologies, Inc.
- Baby Monitor Direct LLC
- Bebcare Company Limited
- Bonoch
- BT Group plc
- EZVIZ, Inc.
- iBaby Labs, Inc.
- Infant Optics
- Motorola Mobility LLC
- Owlet Baby Care, Inc.
- Samsung Electronics Co. Ltd.
- The Angelcare Holding Inc.
- Udisense, Inc. (dba Nanit)
- VTech Communications, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $1.4 Billion |
| Forecasted Market Value (USD) by 2030 | $2.1 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Smart Baby Monitors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Concerns About Baby Safety and Health Drives Adoption of Smart Monitors
- Integration of AI for Predictive Insights and Enhanced Parental Convenience, a Key Trend in the Market
- Compatibility with Mobile Devices and Apps Expands Usability and Consumer Appeal
- Impact of 5G and Improved Connectivity on Device Performance and Reliability
- Expansion of E-Commerce and Direct-to-Consumer Sales Channels
- Influence of Pediatric Recommendations on Parental Purchase Decisions
- Growth in the Number of Nuclear and Single-Parent Families Bodes Well for Market Growth
- Social Media and Online Reviews Shape Consumer Perceptions and Choices
- Focus on Eco-Friendly and Non-Invasive Baby Monitoring Solutions
- Rising Fertility and Birth Rates in Emerging Countries Spurs Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/n8hpfb
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