Smart Baby Monitors on the Rise: Market Expected to Expand at 8.50% CAGR in the Next Decade

From 2024 to 2034, smart baby monitor market is projected to grow at a compound annual growth rate (CAGR) 8.50%. Market value is expected to increase 1,474.60 million US dollars In 2024 3,334.10 million US dollars In 2034. In 2023, the value of the smart baby monitor market will be 1,402.40 million US dollars.

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

The increasing number of working parents, nuclear family and advanced lifestyle have created new opportunities for various business segments, especially in the field of baby care products like smart baby monitors. Furthermore, increasing online shopping and spending on baby products are helping the smart baby monitors grow in the market. The smart baby monitor market also faces challenges in terms of security.

Smart Baby Monitor Market: Market Dynamics

Increasing number of professional babysitting agencies will boost the smart babysitting market due to higher adoption rate of smart baby monitors. Increasing awareness about baby safety and product innovation will boost the smart baby monitor market.

Technological advancement and premiumization of product features are one of the factors that have contributed greatly to the growth of the smart baby monitors market. However, security concerns associated with smart baby monitors and the decreasing birth rate are among the challenges that are restraining the growth of smart baby monitors. Hacking of devices is a primary concern for parents, which is posing a hindrance to the growth of the smart baby monitors market.

Smart Baby Monitor Market: Latest Developments

In February 2023, bonoch, a new brand offering smart childcare products and solutions, introduced a long-range baby monitor. The feature of this product is that it does not require any Wi-Fi connection. The product is designed to provide parents of young children with a worry-free experience. The brand upgraded the 900Mhz frequency solution and offers a stable connection reaching 1,800 feet in an open area for smooth live streaming.
In August 2022, smart home security brand Arlo Technologies, Inc. announced its national campaign, Protect Your Everything. The campaign focused on two different narratives that touched on today’s chaotic world and the many concerns that come with it. The ad leverages the concerns that occupy the associated mindspace to give viewers a sense of control through smarter protection.

Leading Companies in the Smart Baby Monitor Market are:

VTech Communications, Inc.
Motorola, Inc.
Dorel Industries Inc.
Panasonic Company
Samsung Electronics Ltd.
Netgear Inc.
Lorex Technology Inc.
Summer Baby, Inc.
Arlo Technologies Inc.
iBaby Labs, Inc.
Others

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Key Market Segments Covered in the Smart Baby Monitor Market Research

By Product:

Audio and Video
Tracking Device

By Distribution Channel:

By Region:

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

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