Growth of Smart Baby Monitors: Market set to grow at 8.50% CAGR over the next decade

In the years 2024–2034 smart baby monitor market is expected to grow at a compound annual growth rate (CAGR) of 8.50%. According to forecasts, the market value will increase from 1,474.60 million USD in 2024 to 3,334.10 million USD in 2034. In 2023, the smart baby monitor market was estimated to be worth USD 1,402.40 million.

A smart baby monitor is an electronic device that tracks baby’s movements and other activities. The smart baby monitor market is growing due to technological advances, especially in video and Wi-Fi technology. The price of electronic devices is being driven down by market competition, which acts as a direct driving force for the expansion of the smart baby monitor industry.

The increasing number of working parents, nuclear families, and better lifestyles have opened up new opportunities for several business segments, especially in baby care products such as smart baby monitor. Moreover, online shopping and increasing spending on baby products are helping smart baby monitors to grow in the market. The smart baby monitor market is also facing challenges from a safety perspective.

Smart Baby Monitors Market: Market Dynamics

The growing number of professional childcare agencies is likely to boost the smart childcare market due to the higher adoption rate of smart baby monitors. The growing awareness of child safety and product innovation is likely to boost the smart baby monitor market.

Advancement in technology and premiumization of product features are some of the factors contributing to the growth of the smart baby monitor market to a large extent. However, security concerns related to smart baby monitors and declining birth rate are some of the challenges that are limiting the growth of smart baby monitors. Device hacking is a major concern for parents, which is a barrier to the growth of the smart baby monitor market.

Smart Baby Monitor Market: Latest Developments

• In February 2023, bonoch, a growing brand offering smart baby care products and solutions, launched a long-range baby monitor. The specialty of this product is that it does not require a Wi-Fi connection. The product is designed to provide parents of young children with a stress-free experience. The brand has upgraded its frequency solution to 900 MHz and offers a stable connection that reaches 1800 feet in open space, enabling smooth live streaming.
• In August 2022, Arlo Technologies, Inc., a smart home security brand, unveiled its nationwide campaign called Protect Your Everything. The campaign focused on two distinct narratives that address the current chaotic world and the many worries that come with it. The ad leverages the headspace worries associated with it to give viewers a sense of control through smarter protection.

The leading companies in the smart baby monitor market are:

• VTech Communications, Inc.
• Motorola, Inc.
• Dorel Industries Inc.
• Panasonic Corp.
• Samsung Electronics Co.
• Netgear Inc.
• Lorex Technology Inc.
• Summer Infant, Inc.
• Arlo Technologies, Inc.
• iBaby Labs, Inc.
• Others

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Key Market Segments Covered in the Smart Baby Monitors Market Research

By product:

• Sound and video
• Tracking device

By distribution channel:

By region:

• North America
• Latin America
• East Asia
• South Asia and Pacific
• Western Europe
• Eastern Europe
• Middle East and Africa

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