Smart Baby Monitor Market: Overview
Smart baby monitor is an electronic device primarily used to track the movements and other activities of the baby. Smart baby monitor market is growing due to innovation in technologies, especially in video and Wi-Fi technology. The market competitiveness of electronic products decreases the price, hence directly act as a driving force for market growth of smart baby monitor.
The growing number of working parents, nuclear family and improved lifestyle has opened up new opportunities for several business segments, especially in baby care products, such as a smart baby monitor. Also, online shopping and growing spending on baby products help smart baby monitors to grow in the market. Smart baby monitor market also faces challenges from security point of view.
Smart Baby Monitor Market: Market Dynamics
The increasing number of professional baby care agencies are likely to increase the smart baby care market due to the higher adoption rate of smart baby monitors. Growing awareness about baby safety and product innovation are likely to boost the smart baby monitor market.
Technological advancement and product features to premiumization is one of the factors majorly contributing to the growth of the smart baby monitors market. However, safety concerns associated with smart baby monitors and declining birth rate are among the challenges that limit the growth of smart baby monitors. Hacking of devices is the primary concern for parents which acts as a barrier to the growth of smart baby monitor market.
Smart Baby Monitor Market: Recent Developments
In 2019, Cubo AI expects to launch baby monitor powered by artificial baby monitor. This Cubo AI is able to detect whether baby’s face is intentionally covered and accidentally covered and as a security measure, it sends immediate alert to the parents if it is accidentally covered.
In 2017, Motorola’s Smart Nursery launched alert sensor, 7” touch screen, smart camera, connected scales, humidifier and dream machine with in-depth analytic tracking, a rechargeable camera, digital scrapbook and video diary.
Smart Baby Monitor Market: Regional Outlook
The smart baby monitor market is expected to register a healthy growth across all the geographies during the forecast period. The daycare and professional centers are growing across the globe and likely to drive the market for smart baby monitors.
Emerging countries, such as China, India, Brazil, South Africa, and Thailand are the key markets with immense opportunity for smart baby monitor market. Rising number of working parents, increasing adoption rate of baby care products and technological advancement has led the market forward. North America holds the highest market share for smart baby monitor owing to prevalence of nuclear family culture and high spending on baby care products.
Additionally, Asia Pacific is projected to showcase steady growth in the global smart baby monitor market due to the growing female working population, hectic life style, growing concern for child safety among parents and rising income level of individuals.
Smart Baby Monitor Market: Key Players
Some of the key players operating in the global smart baby monitor Market are Motorola, Safety 1st, Levana , Summer Infant, Philips , Samsung, Infant Optics, Snuza , Graco, Angelcare, WiFi Baby, Lorex, Withings, iBaby, Vtech, iBaby Monitor, Nanit Sleep System, Eufy SpaceView Baby Monitor, Panasonic, Arlo Baby and others.
The research report presents a comprehensive assessment of the smart baby monitor market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for smart baby monitor market.
The research report of smart baby monitor provides analysis and information according to market segments such as geographies, product type, price, and application.
The smart baby monitor market report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The smart baby monitor regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
- East Asia (China, Japan, South Korea)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The smart baby monitor report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report for smart baby monitor provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The smart baby monitor market report also maps the qualitative impact of various market factors on market segments and geographies.
Smart Baby Monitor Market: Market Segmentation
The smart baby monitor market is segmented into the product type, price range, application, and sales channel.
On the basis of product type, the global smart baby monitor market has been segmented as –
- Wi-Fi Baby Monitors
- Video Baby Monitors
- Audio-only Baby Monitors
On the basis of price range, the global smart baby monitor market has been segmented as –
- High Range
Based on application, the global smart baby monitor market is segmented into–
- Daycare Center
On the basis of the sales channel, the global smart baby monitor market has been segmented as –
- Specialty Stores
- Independent Stores
- Multi-Brand Stores