Europe Smart Baby Monitor Market Forecast to 2030
Europe Smart Baby Monitor Market Forecast to 2030 – Regional analysis – by Type (Video Monitor Device and Audio Monitor Device), Sales channel (Online and Offline), and Application Type (Home/Family, Hospitals, and Day Care)
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Description
Rising Number of Corporate Day Care/Childcare Centers Drives Europe Smart Baby Monitor Market
Governments of various countries across the globe support the growth of childcare services, and the announcement of public policies is supporting the development of day care/childcare centers globally. Additionally, the rise in employment of women worldwide is forcing parents to put their babies in childcare/day care centers during their absence at home.
Different organizations are offering corporate childcare centers to help their employees focus on their work, alongside allowing them to monitor their babies in the office. The corporate childcare centers are managed or sponsored by employers. They are providing either in-house childcare centers or entering partnerships with local childcare centers to deliver special facilities to attract high-potential candidates and retain top-performing employees. For example, Goldman Sachs has been providing on-site childcare centers at their offices, and at locations where it is unable to offer on-site nursery facilities, the company has signed a partnership agreement with local childcare centers. Therefore, the rising number of corporate day care/childcare centers fuels the smart baby monitor market.
Europe Smart Baby Monitor Market Overview
European countries such as Germany, France, Italy, Russia, the UK, and the Rest of Europe are encouraging the development of smart baby monitoring systems through significant investments and other initiatives. The increasing number of tech-savvy parents is a key enabler of the procurement of advanced technologies that enhance lifestyle. According to The World Bank Group, the population of the European Union was 447,179,800 in 2021 and increased to 447,956,050 in 2022. Furthermore, according to the European Commission, approximately 4.09 million babies were born in 2021 in the EU, an increase from 4.07 million in 2020. Thus, the rise in population and childbirths is leading to the high adoption of audio and video baby monitor devices. More than 300 million people in 28 EU states fall in the age group of 18-64, and approximately one-third of these people have care responsibilities. Among these, ~90 million people are engaged in the responsibilities of children of age less than 15. Approximately 80.4% of the parents are employed. Such parents install smart baby monitoring devices to monitor their babies while doing other household chores, as these devices offer real-time information about babies with the help of the monitoring camera or audio recording devices installed close to the babies. They provide live audio and/or video and location and enable parents to track their baby’s activities using smartphone apps.
The well-known manufacturers of baby monitoring devices in the region include BT Group plc; Samsung Electronics Co. Ltd.; Motorola Mobility LLC.; Angelcare Monitors, Inc.; Tomy Company Ltd.; and Vtech Holdings Ltd. Companies operating in the smart baby monitors market in Europe are investing in the development of intelligent devices for the real-time monitoring of babies. For instance, in February 2019, BT Group launched the UK’s first voice-controlled smart baby monitor that can be controlled using Alexa and Google Assistant.
Europe Smart Baby Monitor Market Revenue and Forecast to 2030 (US$ Million)
Europe Smart Baby Monitor Market Segmentation
The Europe smart baby monitor market is segmented based on type, sales channel, application, and country. Based on type, the Europe smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held a larger market share in 2022.
In terms of sales channel, the Europe smart baby monitor market is bifurcated into online services and offline services. The offline services held a larger market share in 2022.
By application, the Europe smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family held the largest market share in 2022.
Based on country, the Europe smart baby monitor market is segmented into the France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe smart baby monitor market share in 2022.
Vtech Holdings Ltd, Koninklijke Philips NV, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Snuza, Dorel Industries Inc, NETGEAR, and Withings are some of the leading companies operating in the Europe smart baby monitor market.
Summary Info
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According to the Research Team research, the Europe smart baby monitor market was valued at US$ 315.07 million in 2022 and is expected to reach US$ 603.70 million by 2030, registering a CAGR of 8.5% from 2022 to 2030. Rising population of tech-savvy millennial parents and increasing number of working parents are among the critical factors attributed to the Europe smart baby monitor market expansion.
Continuous technological advancements are making the lives of working parents more flexible and easier to manage. There is a growing adoption of digital health solutions for maternal and infant care among tech-savvy millennial parents across the globe. Smart baby monitor manufacturers are focusing on designing applications to allow parents to monitor their babies’ activities in real time using their smartphones. As per the World Economic Forum in November 2021, the millennial population held 23% of the global population, i.e., ~1.8 billion. The growing digitalization and millennial expectations for enhanced convenience are creating opportunities for advanced solutions to simplify their lives. Thus, the increasing millennial population is likely to create a massive opportunity for the adoption of smart baby monitors worldwide during the forecast period.
On the contrary, privacy concerns associated with smart baby monitor devices hampers the growth of Europe smart baby monitor market.
Based on type, the Europe smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held 76.6% market share in 2022, amassing US$ 241.20 million. It is projected to garner US$ 473.45 million by 2030 to expand at 8.8% CAGR during 2022-2030.
In terms of sales channel, the Europe smart baby monitor market is bifurcated into online and offline. The offline segment held 63.1% share of Europe smart baby monitor market in 2022, amassing US$ 198.88 million. It is projected to garner US$ 376.05 million by 2030 to expand at 8.0% CAGR during 2022-2030.
By application, the Europe smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family segment held 73.7% share of Europe smart baby monitor market in 2022, amassing US$ 232.28 million. It is projected to garner US$ 459.63 million by 2030 to expand at 8.9% CAGR during 2022-2030.
Based on country, the Europe smart baby monitor market has been categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.4% share of Europe smart baby monitor market in 2022. It was assessed at US$ 79.93 million in 2022 and is likely to hit US$ 173.49 million by 2030, exhibiting a CAGR of 10.2% during 2022-2030.
Key players operating in the Europe smart baby monitor market are VTech Holdings Ltd, Koninklijke Philips NV, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Snuza, Dorel Industries Inc, NETGEAR, and Withings, among others.
In November 2022, Infant Optics launched an innovative DXR-8 PRO video baby monitor. The new DXR-8 PRO monitor, which has a compact and stylish appearance, offers high-quality video and audio capabilities along with an enhanced range. It is the first baby monitor to use the patent-pending Active Noise Reduction (ANR) technology.
In October 2019, The partnership between Snuza and the Lullaby Trust. The partnership focuses on the CONI program, which provides support for bereaved parents who go on to have another baby.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe smart baby monitor market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Smart Baby Monitor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Smart Baby Monitor Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Number of Working Parents
5.1.2 Rising Number of Corporate Day Care/Childcare Centers
5.2 Market Restraints
5.2.1 Privacy Concerns Associated with Smart Baby Monitor Devices
5.3 Market Opportunities
5.3.1 Rising Population of Tech-Savvy Millennial Parents
5.3.2 Rise in Smart Home
5.4 Future Trends
5.4.1 AI-Based Smart Baby Monitors
5.5 Impact of Drivers and Restraints:
6. Smart Baby Monitor Market – Europe Market Analysis
6.1 Smart Baby Monitor Market Revenue (US$ Million), 2022 – 2030
6.2 Smart Baby Monitor Market Forecast and Analysis
7. Europe Smart Baby Monitor Market Analysis – Type
7.1 Video Monitor Device
7.1.1 Overview
7.1.2 Video Monitor Device Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Audio Monitor Device
7.2.1 Overview
7.2.2 Audio Monitor Device Market Revenue and Forecasts to 2030 (US$ Million)
8. Europe Smart Baby Monitor Market Analysis – Sales Channel
8.1 Online
8.1.1 Overview
8.1.2 Online Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Offline
8.2.1 Overview
8.2.2 Offline Market Revenue and Forecasts to 2030 (US$ Million)
9. Europe Smart Baby Monitor Market Analysis – Application
9.1 Home/Family
9.1.1 Overview
9.1.2 Home/Family Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Hospitals
9.2.1 Overview
9.2.2 Hospitals Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Day Care
9.3.1 Overview
9.3.2 Day Care Market Revenue and Forecasts to 2030 (US$ Million)
10. Europe Smart Baby Monitor Market – Country Analysis
10.1 Europe
10.1.1 Europe Smart Baby Monitor Market Overview
10.1.2 Europe Smart Baby Monitor Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 France Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 France Smart Baby Monitor Market Breakdown by Type
10.1.2.1.2 France Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.1.3 France Smart Baby Monitor Market Breakdown by Application
10.1.2.2 Germany Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Germany Smart Baby Monitor Market Breakdown by Type
10.1.2.2.2 Germany Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.2.3 Germany Smart Baby Monitor Market Breakdown by Application
10.1.2.3 UK Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UK Smart Baby Monitor Market Breakdown by Type
10.1.2.3.2 UK Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.3.3 UK Smart Baby Monitor Market Breakdown by Application
10.1.2.4 Italy Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Italy Smart Baby Monitor Market Breakdown by Type
10.1.2.4.2 Italy Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.4.3 Italy Smart Baby Monitor Market Breakdown by Application
10.1.2.5 Russia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Russia Smart Baby Monitor Market Breakdown by Type
10.1.2.5.2 Russia Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.5.3 Russia Smart Baby Monitor Market Breakdown by Application
10.1.2.6 Rest of Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of Europe Smart Baby Monitor Market Breakdown by Type
10.1.2.6.2 Rest of Europe Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.6.3 Rest of Europe Smart Baby Monitor Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 VTech Holdings Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Koninklijke Philips NV
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Samsung Electronics Co Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Panasonic Holdings Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Snuza
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Dorel Industries Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 NETGEAR
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Withings
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 Word Index
LIST OF TABLES
Table 2. Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Million) – Sales Channel
Table 5. Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Europe Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. France Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. France Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 9. France Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Germany Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. Germany Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 12. Germany Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. UK Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. UK Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 15. UK Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Italy Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Italy Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 18. Italy Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 19. Russia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 20. Russia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 21. Russia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 22. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 23. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 24. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 25. Heat Map Analysis By Key Players
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 2. Ecosystem: Smart Baby Monitor Market
Figure 3. Smart Baby Monitor Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Smart Baby Monitor Market Revenue (US$ Million), 2022 & 2030
Figure 6. Smart Baby Monitor Market Share (%) – Type, 2022 and 2030
Figure 7. Video Monitor Device Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Audio Monitor Device Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Smart Baby Monitor Market Share (%) – Sales Channel, 2022 and 2030
Figure 10. Online Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Offline Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Smart Baby Monitor Market Share (%) – Application, 2022 and 2030
Figure 13. Home/Family Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Hospitals Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Day Care Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Smart Baby Monitor Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. Smart Baby Monitor Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. France Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Germany Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. UK Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Italy Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Russia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of Europe Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
1. VTech Holdings Ltd
2. Koninklijke Philips NV
3. Samsung Electronics Co Ltd
4. Panasonic Holdings Corp
5. Snuza
6. Dorel Industries Inc
7. NETGEAR
8. Withings.
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