Rise of Movement Trackers: Wearables in North American Baby Care 2022-2030
The North America smart baby monitor market was valued at US$ 497.46 million in 2022 and is expected to reach US$ 892.56 million by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.
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The North America smart baby monitor market is experiencing significant growth, primarily driven... moreRise of Movement Trackers: Wearables in North American Baby Care 2022-2030
The North America smart baby monitor market was valued at US$ 497.46 million in 2022 and is expected to reach US$ 892.56 million by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.
Get a sample PDF of the report – https://www.businessmarketinsights.com/sample/TIPRE00022536?utm_source=Blog&utm_medium=10640
The North America smart baby monitor market is experiencing significant growth, primarily driven by the increasing number of working parents and the region's strong inclination towards technological adoption.
Rising Number of Working Parents
The growing trend of nuclear families, fueled by urbanization and the pursuit of better education and job opportunities, has led to a rise in households where both parents work. This shift, observed in countries like the US, Canada, China, and India, directly impacts the demand for smart baby monitors. As parents increasingly rely on nannies or daycare facilities, concerns about child safety are amplified. Smart baby monitors offer a crucial solution, allowing parents to monitor their children remotely and stay connected in real-time via smartphones. The widespread smartphone penetration further facilitates this by enabling easy access to monitoring applications.
Furthermore, increased purchasing power has allowed parents to invest more in their children's safety. This, coupled with the expansion of online sales channels offering convenient access to a diverse range of products, has prompted market players to innovate. A notable example is Miku's launch of the Miku Pro Smart Baby Monitor in April 2021. This device leverages proprietary SensorFusion technology to track breathing and sleeping patterns non-invasively, providing enhanced safety and peace of mind for parents.
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North America Market Overview
North America, encompassing the US, Canada, and Mexico, is a leading market for smart baby monitors. The US and Canada, being technologically advanced nations, are quick to adopt new innovations across various sectors. The market benefits from the presence of major smart baby monitoring system providers and a high level of consumer awareness regarding these solutions. The region's early adoption of advanced technologies means parents are readily embracing products that allow them to remotely track and monitor their babies' movements.
The market also thrives on healthy competition among players, driven by continuous contributions from companies and research organizations in technological advancements. North American consumers, with their high spending power, are particularly receptive to these developments. To meet the rising demand for high-quality products, companies are consistently enhancing their business processes. Moreover, the ease of securing funding through joint ventures, partnerships, and other strategies further encourages market players to innovate their monitoring system portfolios. For instance, in May 2020, Nanit, a maker of wearable baby sleep trackers, secured approximately US$ 21 million in funding through a joint venture with prominent investment firms.
The North America smart baby monitor market, valued at approximately USD 624.4 million in 2022, is characterized by its segmentation across various parameters:
Type:
Video Monitor Device: This segment held the larger market share in 2022, indicating a strong preference for visual monitoring capabilities.
Audio Monitor Device: This segment accounts for audio-only monitoring solutions.
Sales Channel:
Offline Services: This channel, encompassing brick-and-mortar stores, dominated sales in 2022, likely due to consumers' preference for in-person product evaluation and immediate purchase.
Online Services: This channel includes e-commerce platforms.
Application:
Home/Family: This application segment held the largest market share in 2022, signifying that the primary usage of smart baby monitors is within household settings.
Hospitals: Smart baby monitors are also utilized in hospital environments for infant monitoring.
Day Care: Daycare facilities also employ these devices for supervising children.
Country:
US: The United States held the dominant market share in North America in 2022.
Canada:
Mexico:
Key Players: Prominent companies operating in the North America smart baby monitor market include:
Vtech Holdings Ltd.
Koninklijke Philips NV
Samsung Electronics Co Ltd
Panasonic Holdings Corp
iBaby Labs, Inc.
INFANT OPTICS
Snuza
Dorel Industries Inc.
NETGEAR
Withings
North America Smart Baby Monitor Strategic Insights
Strategic insights for the North America Smart Baby Monitor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Smart Baby Monitor Regional Insights
The geographic scope of the North America Smart Baby Monitor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
