Asia Pacific Smart Baby Monitor Market Size & Outlook
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Asia Pacific smart baby monitor market highlights
- The Asia Pacific smart baby monitor market generated a revenue of USD 464.1 million in 2022.
- The market is expected to grow at a CAGR of 8.6% 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, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 464.1 million |
| Market revenue in 2030 | USD 899.8 million |
| Growth rate | 8.6% (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, Asia Pacific region accounted for 34.5% 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 80.54% in 2022. Horizon Databook has segmented the Asia Pacific smart baby monitor market based on audio & video, movement tracker covering the revenue growth of each sub-segment from 2018 to 2030.
Long working hours and busy schedules of parents in urban households are resulting in a growing dependence on remote monitoring of infants, to ensure their security and maintain schedules. This is driving the adoption of smart baby monitoring products. The convenience offered by these products, along with constantly improving product features and options, is encouraging consumers to opt for smart baby monitors.
Parents in emerging economies such as Malaysia, Thailand, and Indonesia have become increasingly conscious regarding the health and hygiene of their babies and are willing to spend more on better quality products. This factor is driving the demand for smart baby monitors in the region.
Growing penetration of Internet of Things (IoT), rising number of nuclear families, growing female working-class population, and rise of smart homes are acting as major catalysts for segment growth in the region. Companies in the market are looking to launch products in this region in order to increase their consumer reach.
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Smart Baby Monitor Market Scope
Smart Baby Monitor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| iBaby Labs | View profile | 11-50 | San Jose, California, United States, North America | http://www.ibabylabs.com |
| Summer Infant | View profile | 101-250 | Woonsocket, Rhode Island, United States, North America | https://www.summerinfant.com |
| Lorex Technology | View profile | 51-100 | Markham, Ontario, Canada, North America | http://www.lorextechnology.com |
| VTech Holdings Ltd | View profile | 19500 | Block 1, 57 Ting Kok Road, Tai Po, 23rd Floor, Tai Ping Industrial Centre, New Territories, Hong Kong, Hong Kong | https://www.vtech.com |
| Dorel Industries Inc Shs -B- Subord.Voting | View profile | 3900 | 1255 Greene Avenue, Suite 300, Westmount, QC, Canada, H3Z 2A4 | https://www.dorel.com |
| Arlo Technologies Inc | View profile | 363 | 2200 Faraday Avenue, Suite 150, Carlsbad, CA, United States, 92008 | https://www.arlo.com |
| Netgear Inc | View profile | 635 | 350 East Plumeria Drive, San Jose, CA, United States, 95134 | https://www.netgear.com |
| Motorola Solutions Inc | View profile | 21000 | 500 West Monroe Street, Suite 4400, Chicago, IL, United States, 60661 | https://www.motorolasolutions.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
Asia Pacific smart baby monitor market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Baby Monitor Market Outlook Share, 2022 & 2030 (US$M)
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