Market revenue in 2022 | USD 1,347.1 million |
Market revenue in 2030 | USD 2,476.0 million |
Growth rate | 7.9% (CAGR from 2022 to 2030) |
Largest segment | Audio & video |
Fastest growing segment | Audio & Video |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Audio & Video, Movement Tracker |
Audio & video was the largest segment with a revenue share of 79.55% in 2022. Horizon Databook has segmented the Global smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
Growing need for infant care has increased the penetration of baby safety products such as smart baby monitors. These monitors are considered as a safety measure as they reduce the chances of child injuries when sleeping alone.
Increasing instances of raising a child in a nuclear family have developed greater needs for smart baby equipment for parents such as baby monitors in order to protect their child while they are away from home. According to the United Nations, the average household size across the globe ranged from fewer than three persons to more than six per household in 2017.
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