Latin America Smart Baby Monitor Market Size & Outlook
Latin America smart baby monitor market, 2018-2030 (US$M)
Related Markets
Latin America smart baby monitor market highlights
- The Latin America smart baby monitor market generated a revenue of USD 43.0 million in 2022.
- The market is expected to grow at a CAGR of 6.9% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 43.0 million |
| Market revenue in 2030 | USD 73.0 million |
| Growth rate | 6.9% (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 |
| 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, Latin America region accounted for 3.2% 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 78.6% in 2022. Horizon Databook has segmented the Latin America smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
Economically, Central & South American countries are witnessing record rates of the population moving out of poverty to the middle-class group. According to the World Bank in 2020, 50 million people in the region entered the middle-income bracket (USD 10–50 per capita per day), with most of them being young income earners.
This signifies the immense potential for household spending. Also, growing importance of baby safety products such as smart baby monitoring has provided flexibility and convenience to parents by giving them easy access to babies’ activities without being physically present. This is likely to escalate the demand for such products in coming years.
These products have emerged as an essential tool in child safety as they provide necessary security and convenience to parents to monitor their babies’ activities. Smart audio and video baby monitors provide advanced functionalities such as monitoring sleep/nap times, tracking health issues, and sending alerts to parents in case the baby wakes up.
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Smart Baby Monitor Market Scope
Smart Baby Monitor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America smart baby monitor market size, by country, 2018-2030 (US$M)
Latin America Smart Baby Monitor Market Outlook Share, 2022 & 2030 (US$M)
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