Market revenue in 2022 | USD 40.3 million |
Market revenue in 2030 | USD 73.2 million |
Growth rate | 7.8% (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 |
Audio & video was the largest segment with a revenue share of 79.9% in 2022. Horizon Databook has segmented the UK smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing number of product launches and growing product penetration and adoption by parents with newborns are the major drivers for market growth in the country. According to a new research conducted by BT plc in 2019, 32% of the parents in the U.K. are unable to get back in time for their children’s bedtime during the week, and 80% of parents would like to see their baby on their smartphone when they are away from home.
Furthermore, companies in the market are launching voice-controlled baby monitors to enable integration with voice assistance devices. For instance, in February 2019, BT plc announced the launch of voice-controlled BT Smart Baby Monitor which connects to both, Alexa and Google Assistant. Consumers can stream HD video, take photos, and record footage directly from the camera to their smartphone.
Additional features include night vision, digital zoom, and a remote motorized pan with 135° pan left and right, allowing users to experience a clear view of their children when checking in. Availability of such products in the market acts as a major driver for influencing consumers’ purchasing decision.
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