Global Smart Connected Baby Monitors Market Size By Product (Video Connected Baby Monitors, Audio Connected Baby Monitors), By Application (Hospitals and Clinics, Home Care), By Geographic Scope And Forecast
Report ID: 20954|No. of Pages: 202
Global Smart Connected Baby Monitors Market Size By Product (Video Connected Baby Monitors, Audio Connected Baby Monitors), By Application (Hospitals and Clinics, Home Care), By Geographic Scope And Forecast
Smart Connected Baby Monitors Market Size And Forecast
Smart Connected Baby Monitors Market size was valued at USD 2.4 Billion in 2023 and is projected to reach USD 3.9 Billion by 2030, growing at a CAGR of 10.6 % during the forecast period 2024-2030.
One of the major drivers for this market is growing awareness regarding the safety of the baby while parents do household activities. An increasing number of parents demand baby monitors that assure the safety of the baby when they are not being attended to this is one of the key factors for the adoption of smart baby monitors. The Global Smart Connected Baby Monitors Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Smart Connected Baby Monitors Market Definition
Smart-connected baby monitors are the devices used to keep watch on the baby and to get connected with the baby directly. It helps parents to be updated with the movement of babies in their absence. There are two types of connected monitors including video-connected baby monitors and audio-connected baby monitors. Some of the baby monitors provide two-way communication that allows parents to speak with the baby while some allow music to be played for a child.
A monitor that consists of a video camera and a receiver is known as a baby cam. It consists of a highly sensitive microphone to capture the smallest of the noise made by the baby. A smart connected baby monitor can keep track of the baby’s heart rate, sleeping patterns, and the surrounding temperatures. It also has an infrared night vision camera to keep track of the baby in the night.
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Global Smart Connected Baby Monitors Market Overview
One of the major drivers for this market is growing awareness regarding the safety of the baby while parents do household activities. An increasing number of parents demand baby monitors that assure the safety of the baby when they are not being attended to this is one of the key factors for the adoption of smart baby monitors. Parents are unable to attend to their children while doing household activities. The use of smart baby monitors enables parents to do all the necessary chores without losing the ability to watch over their infants.
These devices also allow parents to have access to the whereabouts of their infants from remote locations of the house, thereby assuring safety and swift prevention of potential accidents. Baby monitors, also known as baby alarms. They are devices used to transmit video and audio to a receiver to keep a tab on the activities of infants in case parents are not around. A basic baby monitor works by using a radio transmitter, wherein the sound produced by the baby is transferred to a receiver.
Video smart connected baby monitors are equipped with small, wall-mounted, and tabletop cameras along with the audio units and deliver audio and video. This enables parents to monitor their infants completely. This will result in a rise in their adoption and according to this market research report, video smart connected baby monitors will account for the major shares of this market throughout the forecast period. The residential smart-connected baby monitors are primarily used by families with dual income holders influenced by the rising number of career-oriented women. The increasing number of dual-income households in both developed and developing countries influences the growth of the market in the residential segment.
Global Smart Connected Baby Monitors Market Segmentation Analysis
The Global Smart Connected Baby Monitors Market is Segmented on the basis of Product, Application, and Geography.
Smart Connected Baby Monitors Market, By Product
- Video Connected Baby Monitors
- Audio Connected Baby Monitors
Based on Product, the market is segmented into Video Connected Baby Monitors and Audio Connected Baby Monitors. Video smart connected baby monitors are equipped with small, wall-mounted, and tabletop cameras along with the audio units and deliver audio and video. This enables parents to monitor their infants completely. This will result in an increase in their adoption and according to this market research report, video smart connected baby monitors will account for the major shares of this market throughout the forecast period.
Smart Connected Baby Monitors Market, By Application
- Hospitals and Clinics
- Home Care
- Other
Based on Application, the market is bifurcated into Hospitals and Clinics, Home Care, and Other. Home Care application is predicted to hold the most significant CAGR in the forecasted period due to the rising demand for smart baby monitors for monitoring the baby kept at home. The residential smart-connected baby monitors are primarily used by families with dual income holders influenced by the increasing number of career-oriented women. The rising number of dual-income households in both developed and developing countries influences the growth of the market in the residential segment.
Smart Connected Baby Monitors Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, the Global Smart Connected Baby Monitors Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by North America owing to the higher number of dual-working parents, the rise in per capita income, and growing internet penetration in this region.
Key Players
The “Global Smart Connected Baby Monitors Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Koninklijke Philips, Motorola Mobility, Summer Infant, VTech Holdings, IBaby Labs, Panasonic, WiFi Baby, Nokia, ComfortCam, Foscam, and FLIR Lorex. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Koninklijke Philips, Motorola Mobility, Summer Infant, VTech Holdings, IBaby Labs, Panasonic, WiFi Baby, Nokia, ComfortCam, Foscam, and FLIR Lorex. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL SMART CONNECTED BABY MONITORS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SMART CONNECTED BABY MONITORS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL SMART CONNECTED BABY MONITORS MARKET, BY PRODUCT
5.1 Overview
5.2 Video Connected Baby Monitors
5.3 Audio Connected Baby Monitors
6 GLOBAL SMART CONNECTED BABY MONITORS MARKET, BY APPLICATION
6.1 Overview
6.2 Hospitals and Clinics
6.3 Home Care
6.4 Other
7 GLOBAL SMART CONNECTED BABY MONITORS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East & Africa
8 GLOBAL SMART CONNECTED BABY MONITORS MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 Koninklijke Philips
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Motorola Mobility
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Summer Infant
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 VTech Holdings
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 IBaby Labs
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Panasonic
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 WiFi Baby
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Nokia
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 ComfortCam
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Foscam
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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