Asia Pacific Smart Baby Monitor Market Forecast to 2030
Asia Pacific 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
Rise in Smart Home Boosts Asia Pacific Smart Baby Monitor Market
The smart homes concept is rising continuously across the globe due to a rise in awareness regarding the convenience and enhancements offered by technology to improve day-to-day life. Smart home features such as remote control of home systems, security automation, energy efficiency, and entertainment integration are gaining traction. In addition, the government supports the building of smart homes as it helps to reduce the carbon footprint and optimize energy usage. For instance, the Government of India is focused on enhancing the energy-efficiency levels in residential buildings with future-driven initiatives such as smart home ecosystems, according to the Ministry of Power in July 2021. Thus, the growing awareness of smart homes and rising government support boost the energy-efficient residential sector and foster the integration of advanced technologies in the home. The rising demand for interconnected homes will generate the demand for tech solutions such as smart baby monitors that help parents in real-time monitoring of their baby’s condition and health. Therefore, the rise in building smart homes is likely to create growth opportunities for the smart baby monitor market in the coming years.
Asia Pacific Smart Baby Monitor Market Overview
The smart baby monitor market in APAC is further segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. China accounts for a considerable share of the overall smart baby monitoring market in APAC. The rise in disposable income and the proliferation of internet infrastructure in Asian countries are the key forces allowing individuals to purchase high-end products, including smartphones, laptops, wearables, and tablets. China, India, Indonesia, and Japan have a large number of smartphone users. Presently, there is a high demand for cost-effective and smart electronic devices such as baby monitoring devices. Policymakers and regulators in both developing and developed countries in APAC are creating a favorable growth and investment environment for the development, adoption, and application of advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT).
A continuous rise in population and increase in income levels of the middle- and upper-class populations are the significant factors influencing the baby monitor market growth in APAC. The increasing number of working women, mainly in the developing countries in the region, and the mounting potential of smart baby monitor manufacturers indulged in offering a wide variety of products to meet the increasing consumer demands also support the market growth in this region. Adopting baby monitors allows working parents to keep track of their babies and caretakers. The increasing number of nuclear families, working parents, and single parents across the region is compelling manufacturers to develop advanced baby monitoring systems to address parents’ concerns regarding baby care and safety during their absence at home.
Moreover, the adoption of these innovative technologies helps them monitor their babies when they are asleep and watch their activities while being involved in other housework. In 2019, Taiwanese tech startup Cubo AI launched an AI-powered baby monitor that is used to differentiate if a baby’s face is accidentally covered or intentionally covered. It notifies parents immediately by sending an alert if it is covered accidentally. In addition, in July 2022, Cubo AI launched an AI Sleep Sensor Pad to detect a baby’s breathing motion.
Asia Pacific Smart Baby Monitor Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Smart Baby Monitor Market Segmentation
The Asia Pacific smart baby monitor market is segmented based on type, sales channel, application, and country. Based on type, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific smart baby monitor market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific 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 Asia Pacific smart baby monitor market.
Summary Info
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According to the Research Team research, the Asia Pacific smart baby monitor market was valued at US$ 261.71 million in 2022 and is expected to reach US$ 546.31 million by 2030, registering a CAGR of 9.6% from 2022 to 2030. Rising number of corporate day care/childcare centers and rising population of tech-savvy millennial parents are among the critical factors attributed to the Asia Pacific smart baby monitor market expansion.
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. For example, the Government of India’s” National Creche Scheme” provides day care facilities for the children of working mothers. This scheme is implemented under the Ministry of Women and Child Development and the creches that provide day care services to children in the age group of 0-6 years of working mothers in the community.
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.
On the contrary, privacy concerns associated with smart baby monitor devices hampers the growth of Asia Pacific smart baby monitor market.
Based on type, the Asia Pacific smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held 72.8% market share in 2022, amassing US$ 190.58 million. It is projected to garner US$ 407.44 million by 2030 to expand at 10.0% CAGR during 2022-2030.
In terms of sales channel, the Asia Pacific smart baby monitor market is bifurcated into online and offline. The offline segment held 62.5% share of Asia Pacific smart baby monitor market in 2022, amassing US$ 163.65 million. It is projected to garner US$ 328.80 million by 2030 to expand at 9.1% CAGR during 2022-2030.
By application, the Asia Pacific smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family segment held 74.4% share of Asia Pacific smart baby monitor market in 2022, amassing US$ 194.68 million. It is projected to garner US$ 419.71 million by 2030 to expand at 10.1% CAGR during 2022-2030.
Based on country, the Asia Pacific smart baby monitor market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the China captured 29.8% share of Asia Pacific smart baby monitor market in 2022. It was assessed at US$ 77.88 million in 2022 and is likely to hit US$ 172.32 million by 2030, exhibiting a CAGR of 10.4% during 2022-2030.
Key players operating in the Asia Pacific 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 March 2022, the brand of Dorel Maxi-Cosi launched a breakthrough range of innovative, smart, sensory nursery products, all controlled by one app. The products are designed to give parents confidence and peace of mind by allowing them always to feel connected and close to their baby.
In January 2022, Samsung Electronics introduced the Samsung SmartThing Cam Plus, a smart baby monitor with Al-powered capabilities.
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 Asia Pacific 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 Asia Pacific 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. Asia Pacific Smart Baby Monitor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Asia Pacific 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 – Asia Pacific Market Analysis
6.1 Smart Baby Monitor Market Revenue (US$ Million), 2022 – 2030
6.2 Smart Baby Monitor Market Forecast and Analysis
7. Asia Pacific 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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Smart Baby Monitor Market – Country Analysis
10.1 Asia Pacific Smart Baby Monitor Market
10.1.1 Overview
10.1.2 Smart Baby Monitor Market Breakdown by Countries
10.1.2.1 Australia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 Australia Smart Baby Monitor Market Breakdown by Type
10.1.2.1.2 Australia Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.1.3 Australia Smart Baby Monitor Market Breakdown by Application
10.1.2.2 China Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 China Smart Baby Monitor Market Breakdown by Type
10.1.2.2.2 China Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.2.3 China Smart Baby Monitor Market Breakdown by Application
10.1.2.3 India Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 India Smart Baby Monitor Market Breakdown by Type
10.1.2.3.2 India Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.3.3 India Smart Baby Monitor Market Breakdown by Application
10.1.2.4 Japan Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Japan Smart Baby Monitor Market Breakdown by Type
10.1.2.4.2 Japan Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.4.3 Japan Smart Baby Monitor Market Breakdown by Application
10.1.2.5 South Korea Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 South Korea Smart Baby Monitor Market Breakdown by Type
10.1.2.5.2 South Korea Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.5.3 South Korea Smart Baby Monitor Market Breakdown by Application
10.1.2.6 Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of Asia Pacific Smart Baby Monitor Market Breakdown by Type
10.1.2.6.2 Rest of Asia Pacific Smart Baby Monitor Market Breakdown by Sales Channel
10.1.2.6.3 Rest of Asia Pacific 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. Asia Pacific Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Australia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. Australia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 9. Australia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. China Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. China Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 12. China Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. India Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. India Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 15. India Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Japan Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Japan Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 18. Japan Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 19. South Korea Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 20. South Korea Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 21. South Korea Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 22. Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 23. Rest of Asia Pacific Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 24. Rest of Asia Pacific 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
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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. Asia Pacific Smart Baby Monitor Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 18. Australia Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. China Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. India Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Japan Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. South Korea Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of Asia Pacific 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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