Smart Mattress Market Size, Share & Trends Analysis Report By Product (Innerspring, Latex, Memory Foam), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025

Report Overview

The global smart mattress market size to be valued at USD 2.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 10.6% during the forecast period. Smart mattresses are typically designed to track the sleep of a person. As known, the amount and quality of sleep have a lasting impact on human health. A smart mattress is equipped with a technology that tracks and sends out information about the adequate amount of sleep a person is getting.

These mattresses can also analyze breathing and heart rates, which helps in calculating how much time a person has spent in REM (rapid eye movement sleep) and deep sleep. A number of smart mattresses also come with climate control ability by providing an onboard heating system on cold nights while some mattresses can create flows of cool air on demand. Factors such as high-speed internet availability and growing smartphone penetration are encouraging consumers across the world to use smartphones to monitor their sleep patterns.

Furthermore, connected smart home devices are becoming extremely popular with consumers around the world. Such smart devices with enhanced network coverage, coupled with innovative technologies, are enabling increased use of smart mattresses over the years. Moreover, improving the integration of communication technologies such as LTE, 4G, and 3G with connected devices is expected to boost demand for smart mattresses in the foreseeable future.

Increasing R&D initiatives are boosting the growth of the global market. Key manufacturers in the market are continuously investing in R&D activities to offer smart mattress solutions and maintain a competitive edge over their competitors. These manufacturers are focusing on providing smart mattresses that emit fewer electromagnetic radiations and possess enhanced features. Some of the popular smart mattresses are The Pod by Eight Sleep, Sleep IQ by Sleep Number, and RestBed.

Smart Mattress Market Trends

The rise in technological awareness in consumers is anticipated to be a driving element in the worldwide market's growth. Besides, the market growth is being fueled by a rise in prevalence of back disorders due to unhealthy sleeping habit. The population lifestyles are rapidly changing across the world which is estimated to have a favorable effect on the market growth. The availability of high-speed internet and penetration of smartphones are enabling the customers all over the world to use sleep tracking devices which is expected to drive the market development.

A number of challenges and constraints are likely to hamper the market growth. The cost of a smart mattress is costly which is projected to hinder the commercial expansion. Moreover, the lack of awareness and technical complexity is expected to be a barrier to the adoption of smart mattress.

Urban consumers all across the world are attracted toward the emergence of SMART technology and are equally interested in linked smart home products. Smart gadgets with improved network coverage, along with novel technology, have led to an increase in the usage of smart mattresses in the coming years. Furthermore, better integration of communications technology like LTE, 4G, and 5G with linked devices is expected to drive the market for smart mattresses in the near future.

Product Insights

Innerspring was the largest product segment, accounting for a share of 31.7% in 2018. Increasing cases of back problems associated with uncomfortable sleeping surfaces are the key factor fueling the growth of the segment. This is driving the manufacturers to introduce smart technology in this category. In emerging economies like Brazil and China, an increasing number of affluent consumers is also boosting the demand for a premium innerspring mattress, thereby driving the integration of technology in it. Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers. Mars is equipped with smart technology integrated into hybrid inner springs and foam.

Regional Insights

In terms of value, North America dominated the global market with a share of more than 60.0% in 2018. This growth is attributed to the growing penetration of smart devices, continuous technology evolution, rising awareness among consumers with regard to sleep, and increasing investments in R&D in the region.

The majority of the demand is generated by the U.S., which accounted for a revenue share of 84.4% in 2018. The growth is attributed to the presence of a maximum number of manufacturers who are actively involved in technology upgrades to promote healthy and smart sleep patterns.

Key Companies & Market Share Insights

Some of the major players operating in the global market are Sleep Number, Eight Sleep, Kingsdown, Responsive Surface Technology, Serta Simmons Bedding, Tempur Sealy International, Hilding Anders, Derucci, Recticel, and Sleemon. Companies in this industry are majorly focused on product launches to retain the consumer base as well as cater to their changing preferences. For instance, in February 2019, Eight Sleep launched a new biometric-monitoring smart mattress that features a dual thermostat, which can either keep the bed warm in winter or cool in summer.

Recent Developments

• In March 2022, Eight Sleep acquired Span Health in order to build the vision of data-driven sleep and health coaching. Eight Sleep's digital coaching services will be enhanced as a result of the purchase, and future chances to extend its offer with holistic services and programs will be opened.

• In Jan 2022, Coway, a Korean company, unveiled its smart caring mattress and smart sleeping solution, which combines the company's most recent sleeping and air care innovations. The IoT solution, which allows for the automated adjustment of suitable firmness based on individual body pressure, ensures that the air quality and humidity are ideal for a good night's sleep.

Smart Mattress Market Report Scope

Global Smart Mattress Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global smart mattress market report on the basis of product and region.

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Innerspring

  • Latex

  • Memory Foam

  • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa