According to a new report, published by KBV research, The Global Smart Baby Monitor Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 8.3% CAGR during the forecast period.
The Audio & Video segment is leading the Global Smart Baby Monitor Market by Tracking Device in 2022; thereby, achieving a market value of $1.8 Billion by 2030. An audio and video smart monitor is equipped with additional receivers, motion sensors, night lighting, talk-back, and temperature display, among other features. It has a portable speaker for hearing the newborn from a base station outfitted with a microphone set around the neonate. Many audio and video smart infant monitors are incorporated with humidity sensors, room temperature, two-way audio, and automatic mobile notifications.
The Online segment is showcasing a CAGR of 8.9% during (2023 - 2030). In the future years, the growth of the online channel is anticipated to be driven primarily by a rise in the number of tech-savvy consumers and the variety of products available on online platforms. In addition, the growing presence of online retailers like Amazon, Baby Shop, FirstCry, and Walmart is anticipated to drive segment growth.
The North America region dominated the Global Smart Baby Monitor Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,012.9 Million by 2030. The Europe region is poised to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 9.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/smart-baby-monitor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled