South & Central America Smart Baby Monitor Market Forecast to 2030
South & Central America 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 (Home/Family, Hospitals, and Day Care)
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Description
Rising Population of Tech-Savvy Millennial Parents Fuels South & Central America Smart Baby Monitor Market
Continuous technological advancements are making the lives of working parents more flexible and easy 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.
South & Central America Smart Baby Monitor Market Overview
The smart baby monitor market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. The Rest of SAM includes Chile, Colombia, Guatemala, and Peru, among others. Technological developments have directly impacted the economies of Brazil and Argentina. The continuous growth in the adoption of AI and IoT in the region has led to a surge in demand for smart baby monitors across the region, as these technologies integrated in the baby monitor helps the parents to monitor their baby’s sleep cycle and behavior. The swift penetration of smartphones and other connected devices and the rise in concerns associated with the safety of babies are further likely to contribute to the smart baby monitor market growth in SAM.
With the rising access of girls to education, a large number of women are entering into professional setups and gaining more control over their finances. Furthermore, the mounting number of tech-savvy parents across the region is boosting the adoption of smart baby monitors. The parents also adopt different parenting apps, which help them search for an efficient caretaker for their babies. A few of the well-known parenting apps used by parents in SAM are Alba, Kinedu, PlayKids, BabySparks, Pollitoingles, akdemia, and Blended. The adoption of these parenting apps is supporting the growth of the smart baby monitor market across the region.
South & Central America Smart Baby Monitor Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Smart Baby Monitor Market Segmentation
The South & Central America smart baby monitor market is segmented based on type, sales channel, application, and country. Based on type, the South & Central America 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 South & Central America 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 South & Central America 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 South & Central America smart baby monitor market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America smart baby monitor market share in 2022.
Vtech Holdings Ltd, Koninklijke Philips NV, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Snuza, Dorel Industries Inc, and NETGEAR are some of the leading companies operating in the South & Central America smart baby monitor market.
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According to the Research Team’ research, the South & Central America smart baby monitor market was valued at US$ 51.90 million in 2022 and is expected to reach US$ 81.27 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. AI-based smart baby monitors and rise in smart home are among the critical factors attributed to the South & Central America smart baby monitor market expansion.
The smart baby monitoring device manufacturers are investing in the integration of artificial intelligence (AI) technology with their offerings. The integration of AI confers various intelligent features to the systems, such as baby cry detection, humidity and temperature measurements, and smart alerts, along with advanced speaker and microphone competencies for recording, singing, or storytelling; it also allows the replay of the recordings with high quality. It alerts parents through a wake-up light and night light that help them change diapers without startling the baby during the night. For instance, KamiBaby integrates edge computing technology with its baby monitors, which record the moments and share them with people who have access to the system. The integration of such advanced technologies with smart home devices allows parents to monitor their baby on devices run by Google Assistant and Amazon Alexa that are equipped with displays. Other features of KamiBaby devices include sleep summary of baby, live stream video sharing, two-way talk, 360-degree high-quality speakers, temperature and humidity sensors, built-in night light, kami cloud and SD card storage, and FHD 1080P premium image quality. In addition, in January 2023, Chillax, manufacturers of the first baby monitor that uses edge computing-based AI and machine learning techniques to precisely detect a covered face, roll-over, and breathing rate, introduced its latest solutions at the Consumer Electronics Show (CES) 2023. The company also introduced all-new Giraffe AI, Thermo AI, and Care Plus models.
Thus, the development of AI-based smart baby monitors is emerging as a key trend in the market and is expected to gain traction in the coming years.
On the contrary, privacy concerns associated with smart baby monitor devices hampers the growth of South & Central America smart baby monitor market.
Based on type, the South & Central America smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held 74.7% market share in 2022, amassing US$ 38.78 million. It is projected to garner US$ 62.19 million by 2030 to expand at 6.1% CAGR during 2022-2030.
In terms of sales channel, the South & Central America smart baby monitor market is bifurcated into online and offline. The offline segment held 66.3% share of South & Central America smart baby monitor market in 2022, amassing US$ 34.41 million. It is projected to garner US$ 52.08 million by 2030 to expand at 5.3% CAGR during 2022-2030.
By application, the South & Central America smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family segment held 71.3% share of South & Central America smart baby monitor market in 2022, amassing US$ 37.03 million. It is projected to garner US$ 59.85 million by 2030 to expand at 6.2% CAGR during 2022-2030.
Based on country, the South & Central America smart baby monitor market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 68.9% share of South & Central America smart baby monitor market in 2022. It was assessed at US$ 35.77 million in 2022 and is likely to hit US$ 57.74 million by 2030, exhibiting a CAGR of 6.2% during 2022-2030.
Key players operating in the South & Central America smart baby monitor market are VTech Holdings Ltd, Koninklijke Philips NV, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Snuza, Dorel Industries Inc, and NETGEAR, 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.
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 South & Central America 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 South & Central America 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. Introduction
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. South & Central America Smart Baby Monitor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. South & Central America 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 – South & Central America Market Analysis
6.1 Smart Baby Monitor Market Revenue (US$ Million), 2022 – 2030
6.2 Smart Baby Monitor Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Smart Baby Monitor Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Smart Baby Monitor Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Brazil Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 Brazil Smart Baby Monitor Market Breakdown by Type
10.1.1.1.2 Brazil Smart Baby Monitor Market Breakdown by Sales Channel
10.1.1.1.3 Brazil Smart Baby Monitor Market Breakdown by Application
10.1.1.2 Argentina Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Argentina Smart Baby Monitor Market Breakdown by Type
10.1.1.2.2 Argentina Smart Baby Monitor Market Breakdown by Sales Channel
10.1.1.2.3 Argentina Smart Baby Monitor Market Breakdown by Application
10.1.1.3 Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Rest of South & Central America Smart Baby Monitor Market Breakdown by Type
10.1.1.3.2 Rest of South & Central America Smart Baby Monitor Market Breakdown by Sales Channel
10.1.1.3.3 Rest of South & Central America 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
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. South & Central America Smart Baby Monitor Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Brazil Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. Brazil Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 9. Brazil Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Argentina Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. Argentina Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 12. Argentina Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Sales Channel
Table 15. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Heat Map Analysis By Key Players
Table 17. 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. Smart Baby Monitor Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Brazil Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Argentina Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Rest of South & Central America Smart Baby Monitor Market Revenue and Forecasts to 2030 (US$ Mn)
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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.
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