Europe Smart Baby Monitor Market Size & Outlook, 2022-2030
Europe smart baby monitor market, 2018-2030 (US$M)
Related Markets
Europe smart baby monitor market highlights
- The Europe smart baby monitor market generated a revenue of USD 187.0 million in 2022.
- The market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
- In terms of segment, audio & video was the largest revenue generating product in 2022.
- Audio & Video is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 187.0 million |
| Market revenue in 2030 | USD 351.6 million |
| Growth rate | 8.2% (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 |
| Key market players worldwide | VTech Holdings Ltd, Motorola Solutions Inc, Dorel Industries Inc Shs -B- Subord.Voting, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Netgear Inc, Arlo Technologies Inc, Lorex Technology, Summer Infant, iBaby Labs |
Other key industry trends
- In terms of revenue, Europe region accounted for 13.9% of the global smart baby monitor market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 899.8 million by 2030.
Audio & video was the largest segment with a revenue share of 79.09% in 2022. Horizon Databook has segmented the Europe smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
New parents in this region are extremely conscious regarding the safety of their children and are more inclined toward opting for this product. This factor, along with their ease of integration with smart home devices, has led to an increase in demand for smart baby monitors. Thus, companies are focusing on increasing the visibility of their products among consumers to drive product sales.
The growth of this market can be attributed to the increasing penetration of Internet of Things (IoT), rising number of nuclear families, and growing awareness about the advantages of monitoring the activities of babies. Rising trend of on-demand live audio and video features offered by various manufacturers also acts as a major factor driving the segment growth.
For instance, in November 2019, Nanit announced the launch of Nanit Plus camera and line of Breathing Wear, in which parents can monitor and track the sleep and breathing patterns of babies. Nanit helps provide parents in the U.K. with valuable insights and actionable, science-backed guidance to improve their baby’s sleep habits. Nanit Plus smart baby monitor provides parents with real-time sound and motion notifications, two-way audio, a sleep dashboard, and activity tracker among others.
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Smart Baby Monitor Market Scope
Smart Baby Monitor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe smart baby monitor market size, by country, 2018-2030 (US$M)
Europe Smart Baby Monitor Market Outlook Share, 2022 & 2030 (US$M)
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