Market revenue in 2022 | USD 5.3 million |
Market revenue in 2030 | USD 10.1 million |
Growth rate | 8.4% (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 |
Audio & video was the largest segment with a revenue share of 79.25% in 2022. Horizon Databook has segmented the UAE smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Statistical Department of UAE, the number of Emirati women in the workforce makes up 66% of the workforce as of 2022. This has led to a rise in the demand for smart baby monitors for safety and security of newborns in households. With the increasing disposable income in the UAE, people are spending more on safety products for babies, including smart baby monitors.
Brick & mortar stores are usually preferred as they offer greater product visibility and allow consumers to check the products before purchasing them. Offline channels such as supermarkets & hypermarkets, pharmacies, and specialty stores also provide greater product visibility, thereby boosting sales.
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