Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,476.56 Million | USD 2,722.91 Million | 7.95% | 2023 |
The global smart baby monitor market size was worth around USD 1,476.56 million in 2023 and is predicted to grow to around USD 2,722.91 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.95% between 2024 and 2032.
A smart baby monitor is a next-generation baby monitoring device equipped with intelligent features. Smart baby monitors are considered the new method of babysitting as the devices can be connected to smartphones and other digital tools to track and monitor baby’s movement throughout the day.
Smart baby monitors are different from traditional monitors since the former also allow access to more critical information, such as the baby's heart rate, breathing patterns, and skin temperature, which are critical to the overall health of a baby. Modern intelligent baby monitors allow guardians and parents to not only hear a child from a distant region but also talk and watch over babies from anywhere.
During the forecast period, the demand for smart baby monitors is expected to witness high growth due to the increasing number of babies worldwide.
In addition to this, parents are more concerned about their children's safety due to the increasing rate of crimes against children. The smart baby monitor industry will, however, register certain growth limitations due to the high cost of the devices and competition from alternate ways of babysitting.
Rising birth rate and increasing baby adoption worldwide to generate more demand market rate
The global smart baby monitor market is expected to witness high growth due to the increasing number of birth rates worldwide. According to official records, more than 130 million babies were born in 2023 globally. Certain countries have higher birth rates compared to other nations. However, the general trend indicated an increase in the number of births worldwide.
In addition to this, market research also indicates an increase in child adoption trends since a growing number of the population worldwide prefers to provide a loving home to abandoned or orphaned children. Destigmatization of prejudices against adoptive children and parents has helped the adoption statistics record better numbers in the last few years. The US, for instance, records nearly 140,000 adoptions every year, according to market analysis.
Similarly, other countries are showing positive signs of children finding forever homes with couples or single parents. These numbers indicate a growing market for smart baby monitors in the coming years.
Growing criminal activities against children to encourage parents to adopt intelligent baby monitoring devices
Crimes against children and infants are growing every year around the globe. According to Save the Children, the number of serious violations against children living in conflicted regions reached the highest level in 2023, with over 31,000 reported cases.
Moreover, children's safety in their own homes has been under serious discussion worldwide, especially in terms of the sexual or physical exploitation of children of all genders.
Furthermore, criminal activities in general, including home invasions, robberies, and others, have also created a demand for novel solutions that can assist parents in improving children's safety. Solutions available in the global smart baby monitor industry expect more revenue under these circumstances.
Competition from alternate solutions to limit market expansion rate according to research
The global smart baby monitor industry is expected to be restricted due to the high competition the market faces from alternate solutions. For instance, traditional baby monitors are still widely prevalent as they are more cost-effective. In addition, the rising product innovation in traditional baby monitors is further helping the competition grow.
Furthermore, baby monitors do not enjoy high popularity in certain parts of the world, especially remote regions of emerging economies, due to cost constraints, living style, and lack of awareness.
Rising innovation rate in the industry to generate market growth possibilities
The global smart baby monitor market is expected to generate growth opportunities due to the increasing introduction of new features in the solutions available in the industry.
For instance, in October 2024, Royal Philips, a leading health technology company, announced the launch of the Philips Avent Premium Connected Baby Monitor. The device is equipped with the company’s proprietary SenseIQ sleep, cry-detection & translation, and breathing-tracking technologies. Parents can view their baby using the parent unit, baby unit camera, and Philips Avent Baby Monitor mobile application. The SenseIQ tracking technology is used for evaluating millions of pixels per second and translating the child’s chest motion into sleep status.
In September 2024, Jartoo, a highly innovative company offering smart solutions for home, launched 2K Video Baby Monitor technology with cutting-edge features. The camera offers Ultra HD 2K definition and is coupled with a 5.5" In-Plane Switching (IPS) display screen for better viewing.
Furthermore, the company has used natural color calibration technology, which allows accurate representation of skin color and background, promoting exceptional precision.
Cost constraints act as the most significant barriers against growth for the market players
The global smart baby monitor industry is expected to be challenged by the high cost of the devices compared to more cost-efficient alternatives. The average cost of a smart baby monitor with video features can be around USD 100 or more. Global economic volatility and changing consumer preferences will further affect the final revenue in the industry. Other issues include concerns over cyber-attacks and digital privacy.
Report Attributes | Report Details |
---|---|
Report Name | Smart Baby Monitor Market |
Market Size in 2023 | USD 1,476.56 Million |
Market Forecast in 2032 | USD 2,722.91 Million |
Growth Rate | CAGR of 7.95% |
Number of Pages | 222 |
Key Companies Covered | Motorola, Nanit, Angelcare, Miku, Philips Avent, Owlet, Lollipop, Momcozy, CuboAi, Babysense, Infant Optics, HelloBaby, VTech, Eufy, LeapFrog, and others. |
Segments Covered | By Product Type, By Connectivity, By Technology, By Distribution, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global smart baby monitor market is segmented based on product type, connectivity, technology, distribution channel, and region.
Based on the product type, the global market segments are wearable monitors, smartphone/app-enabled monitors, and standalone monitors. In 2023, the highest growth was listed in the smartphone/app-enabled monitors segment. It is projected to grow at a CAGR of more than 10.01% during the projection period. The expanding use of smartphones and tablets, in addition to growing comfort with mobile-based applications, is fueling the segmental revenue.
Based on the connectivity, the global market segments are wired and wireless.
Based on the technology, the global smart baby monitor industry is divided into video monitoring and audio monitoring. In 2023, the highest return was listed in the video monitoring segment, which held control over 75%, according to industry research. Video-based monitoring allows parents better access to information related to their babies.
Furthermore, rising innovation in video-based smart baby monitors will create higher growth opportunities in the future. Audio monitoring is expected to deliver slow but steady growth.
Based on the distribution channels, the global market segments are offline and online.
North America to dominate the market during the forecast period
The global smart baby monitor market is projected to witness the highest growth in North America. During the forecast period, the region will register around 11%. The regional market expansion is delivered by the growing adoption of advanced technology in the region in the form of smartphones and other mobile devices. The US is expected to lead the regional market growth rate with the rising number of births in the country.
Furthermore, awareness related to child safety in the North American market is growing, resulting in demand for safety devices such as baby monitors. In August 2023, Masimo, an American medical technology company, announced the full US launch of its Stork smart home baby monitoring system. The products are available in Camera, Vitals, and Vitals+ combinations and can be purchased online.
Europe is a thriving market, according to market analysis. Germany, France, Spain, Italy, and others will fuel the regional market growth rate. Higher purchasing power of the European population, along with a greater emphasis on child safety and security, are contributing to Europe’s steady growth rate.
Furthermore, technological advancements in baby monitoring systems, as well as higher comfort of the regional population with advanced solutions, will create regional revenue.
The global smart baby monitor market is led by players like:
The global smart baby monitor market is segmented as follows:
By Product Type
By Connectivity
By Technology
By Distribution
By Region
FrequentlyAsked Questions
A smart baby monitor is a next-generation baby monitoring device equipped with intelligent features.
The global smart baby monitor market is expected to witness high growth due to the increasing number of birth rates worldwide.
According to study, the global smart baby monitor market size was worth around USD 1,476.56 million in 2023 and is predicted to grow to around USD 2,722.91 million by 2032.
The CAGR value of the smart baby monitor market is expected to be around 7.95% during 2024-2032.
The global smart baby monitor market is projected to witness the highest growth in North America.
The global smart baby monitor market is led by players like Motorola, Nanit, Angelcare, Miku, Philips Avent, Owlet, Lollipop, Momcozy, CuboAi, Babysense, Infant Optics, HelloBaby, VTech, Eufy, and LeapFrog.
The report explores crucial aspects of the smart baby monitor market, including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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