The North America Smart Baby Monitor Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030).
The market has evolved significantly with technological advancements and shifting parental preferences. These modern monitors are more than just simple camera devices; they incorporate various features such as two-way communication, room temperature monitoring, oxygen and heart rate tracking, and even motion alerts. Some have integrated AI-driven functionalities that can detect and alert parents about unusual movements or sounds, providing reassurance.
Driven by the increasing number of dual-income households and heightened safety concerns among parents, there's a rising demand for smart devices that offer remote monitoring via smartphones and other smart devices. The integration of IoT in household items and the proliferation of smartphones have further buoyed this trend.
Region-wise, North America have typically been frontrunners in adopting these advanced technologies due to higher disposable incomes and early access to new products. As technology continues to improve and prices decrease with scale and competition, the market outlook appears promising.
At the forefront of technological advancement, North America, comprising primarily the US and Canada, has been a pioneering region for adopting smart home devices. This tech-savviness extends to childcare, where parents and caregivers readily embrace gadgets that promise enhanced safety and well-being for their children. Brands have established trust over the years through quality products and consistent innovation. They face competition from other established names and startups, bringing in fresh perspectives and groundbreaking features. Thus, the North America market, underpinned by socio-economic shifts and technological enthusiasm, is poised for continued growth.
The US market dominated the North America Smart Baby Monitor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $725.8 Million by 2030. The Canada market is estimated to witness a CAGR of 10.2% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 9.2% during (2023 - 2030).
Based on Tracking Device, the market is segmented into Audio & Video, and Tracking Device. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Smart Baby Monitor Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Motorola Solutions, Inc., Dorel Industries, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Netgear, Inc., Summer Infant, Inc. (Kids2, Inc.), Arlo Technologies, Inc., VTech Holdings Limited, Lorex Technology Inc., and iBaby Labs, Inc.
By Tracking Device
By Distribution Channel
By Country
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