Germany Smart Baby Monitor Market Size & Outlook
Germany smart baby monitor market, 2018-2030 (US$M)
Related Markets
Germany smart baby monitor market highlights
- The Germany smart baby monitor market generated a revenue of USD 44.6 million in 2022 and is expected to reach USD 82.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 8% 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.
Smart baby monitor market data book summary
| Market revenue in 2022 | USD 44.6 million |
| Market revenue in 2030 | USD 82.7 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Audio & video |
| Fastest growing segment | Audio & Video |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Germany accounted for 3.3% of the global smart baby monitor market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany smart baby monitor market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 82.7 million by 2030.
Audio & video was the largest segment with a revenue share of 80.49% in 2022. Horizon Databook has segmented the Germany smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
With a population of 82.8 million people, Germany is one of the largest consumer markets in the European Union (EU), in terms of size as well as spending power. Moreover, the shopping habits of consumers have drastically changed over the years. The increasing number of working women also plays a role in increased spending for the comfort and wellbeing of their babies and themselves.
People with a lower income are more inclined toward the use of audio baby monitors and are hence the major consumers of this product. Increasing concern about newborn safety and security is one of the major drivers for the market.
Launches of innovative products by global and regional players are boosting the adoption of smart baby monitors in Germany. Growing popularity of app-based monitoring acts as a major catalyst for market growth in the country.
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Smart Baby Monitor Market Scope
Smart Baby Monitor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany smart baby monitor market size, by product, 2018-2030 (US$M)
Germany Smart Baby Monitor Market Outlook Share, 2022 & 2030 (US$M)
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