Social media and online reviews significantly influence consumer perceptions and decisions

Global Smart Baby Monitors Market

Dublin, August 12, 2024 (GLOBE NEWSWIRE) — The report “Smart Baby Monitors – Global Strategic Business Report” has been added to The Offer.

The global Smart Baby Monitors market is valued at USD 1.4 billion in 2023 and is expected to reach USD 2.1 billion by 2030, growing at a CAGR of 5.8% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.

• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.

• Company Profiles: Coverage of major players such as Anker Innovations Technology Co., Ltd (Eufy), Arlo Technologies, Inc., Baby Monitor Direct LLC and more.

• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Growth in the smart baby monitor market is being driven by several factors, including technological advancements that improve device functionality and user experience. Innovations in camera technology, data analytics, and machine learning have enabled these monitors to provide detailed insights into a child’s sleep and health that were previously unavailable. There is also a clear trend toward personalization, with products offering customizable alerts and features to suit individual parenting styles and needs. Consumer behavior has shifted toward security and connectivity, with more tech-savvy parents looking for devices that offer both security and privacy.

In addition, demographic trends such as the increasing number of dual-income families require more flexible monitoring solutions that allow parents to keep an eye on their children even when they are on the go. The expansion of retail and online sales channels has also made these products more accessible to a wider range of consumers, further fueling market growth. Together, these factors ensure that the smart baby monitor market continues to grow and adapt to the changing dynamics of modern parenting.

Key findings:

The story continues

• Market Growth: Understand the significant growth curve of the Audio & Video segment which is expected to reach $1.6 billion by 2030 at a CAGR of 5.3%. The Tracking Devices segment is also expected to grow at a CAGR of 7.5% during the analysis period.

• Regional Analysis: Gain insights into the US market, estimated to reach $384.2 million in 2023, and China, which is forecast to grow at an impressive CAGR of 9.3% per year to reach $441.1 million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Why you should buy this report:

• Detailed Market Analysis: Get access to a thorough analysis of the global Smart Baby Monitors market, covering all major geographic regions and market segments.

• Competitive insights: Get an overview of the competitive landscape, including the market presence of key players in different regions.

• Future Trends and Drivers: Understand the key trends and driving forces shaping the future of the global Smart Baby Monitors market.

• Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key questions answered:

• How is the global smart baby monitor market expected to develop by 2030?

• What are the key drivers and restraining factors affecting the market?

• Which market segments will grow the most during the forecast period?

• How will the market shares of different regions and segments change by 2030?

• Who are the leading players in the market and what are their prospects?

Selected competitors (37 presented in total):

• Anker Innovations Technology Co. Ltd (Eufy)

• Arlo Technologies, Inc.

• Baby Monitor Direct LLC

• Bebcare Company Limited

• Bonoch

• BT Group plc

• EZVIZ, Inc.

• iBaby Labs, Inc.

• Optics for infants

• Motorola Mobility LLC

• Owlet Baby Care, Inc.

• Samsung Electronics Co. Ltd.

• Angelcare Holding Inc.

• Udisense, Inc. (dba Nanit)

• VTech Communications, Inc.

Important features

Key topics covered

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

• Insights into the influencer market

• World market development

• Global economic update

• Smart Baby Monitors – Percentage Market Share of Major Competitors Worldwide in 2024 (D)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. Focus on selected players

3. MARKET TRENDS AND DRIVERS

• Growing concerns about baby safety and health lead to the introduction of smart monitors

• Integration of AI for predictive insights and improved convenience for parents, a key trend in the market

• Mobile and app compatibility improves usability and consumer appeal

• Impact of 5G and improved connectivity on device performance and reliability

• Expansion of e-commerce and direct-to-consumer sales channels

• Influence of pediatric recommendations on parents’ purchasing decisions

• The increase in the number of nuclear families and single-parent families is a good sign for market growth

• Social media and online reviews influence consumer perceptions and decisions

• Focus on environmentally friendly and non-invasive baby monitoring solutions

• Rising fertility and birth rates in emerging countries open up market opportunities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/n8hpfb

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