The global smart baby monitor market size is expected to
reach USD 1.7 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 8.4% over the forecast period.
Increasing number of working mothers, along with rising awareness about child
safety, is driving the market over the world. The product is capable of
enabling the parents to communicate with their children in real-time and track
their movements.
The audio and video segment accounted for the largest share
of more than 75.0% in 2018. These products not only provide live video of the
child but also track activities, nap, and feeding schedule of the baby.
Innovative features including temperature sensors, automatic notifications,
two-way audio, and in-built lullabies provided by these smart baby monitors
have been attracting the consumers.
Wearable movement tracker has gained significant importance
among the parents. These trackers provide information about the room
temperature, sleep pattern, heart rate, oxygen levels, and temperature of the
baby. The manufacturers of infant products have been entering the market by
integrating tracking devices in their products. For instance, Kimberly-Clark
(Huggies) launched a smart diaper, which is equipped with a sensor that
connects to Bluetooth. Huggies partnered with Monit, a South Korean company,
for the manufacture of this product.
North America held the largest share of more than 45.0% in
2018. The region is expected to maintain its lead over the next few years owing
to high penetration of working parents and increased adoption of innovative
technology in U.S. and Canada. In addition, presence of several key
manufacturers including Dorel Industries Inc.; iBaby Labs, Inc.; NETGEAR Inc.;
Lorex Technology Inc.; and Angelcare Monitor Inc. has boosted the growth
of the industry.
Major competitors of this industry include Samsung Electronics
Co., Ltd., Motorola, Inc., Dorel Industries Inc., iBaby Labs, Inc., NETGEAR
Inc., Summer Infant, Inc., VTech Communications, Inc., Lorex Technology Inc.,
Angelcare Monitor Inc., and Safety 1st. Over the past few years, manufacturers
have been focusing on product development to gain a competitive advantage. For
instance, in February 2017, VTech Communications, Inc. introduced two new Wi-Fi
compatible high-definition products VM991 and the VM981 Video Monitor. These
products have a touchscreen parent unit and connected with a new MyVTech Baby
app.
For full research report on Smart Baby
Monitor Market visit here:
https://www.grandviewresearch.com/industry-analysis/smart-baby-monitor-market
Further
key findings from the report suggest:
- In terms of product, the audio and video segment
dominated the global market in 2018
- By distribution channel, the offline segment led the
smart baby monitor market in 2018 and accounted for more than 70.0% share
of the overall revenue. The online distribution channel is expected to
expand at the fastest CAGR of 8.7% from 2019 to 2025
- North America was the largest regional market for smart
baby monitor in 2018 owing to presence of a large number of working
parents and high purchasing power of the consumers in U.S. and Canada
- Asia Pacific is projected to witness the fastest growth
in the coming years due to increasing number of working mothers in the
developing economies including China and India.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/smart-baby-monitor-market/request/rs1
Grand View Research
has segmented the global smart baby monitor market on the basis of product,
distribution channel, and region:
Smart Baby Monitor
Product Outlook (Revenue, USD Million, 2015 - 2025)
- Audio & Video
- Tracking Devices
Smart Baby Monitor
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Offline
- Online
Smart Baby Monitor
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- UAE
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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