AI Baby Monitor Market Trends and Forecast
The future of the global AI baby monitor market looks promising with opportunities in the family, kindergarten, and hospital markets. The global AI baby monitor market is expected to grow with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are increasing awareness among parents about the benefits of continuous health monitoring for infants, growing integration with smart home ecosystems, and enhanced safety and security features in AI baby monitor.
• Lucintel forecasts that audio baby monitor is expected to witness higher growth over the forecast period.
• Within this market, family is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Baby Monitor Market
• United States: Nanit announced a partnership with Amazon to integrate Alexa features, enhancing user experience and market reach.
• China: Xiaomi launched a new AI-powered baby monitor, aiming to dominate the domestic market with advanced features and competitive pricing.
• Germany: Owlet expanded its operations in Europe, establishing a regional headquarters in Berlin and targeting increased market penetration by 2025.
• India: The Indian government announced incentives for startups developing AI-based healthcare solutions, including baby monitors, to boost technological advancements and market growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Baby Monitor Market by Segment
The study includes a forecast for the global AI baby monitor market by type, application, and region.
AI Baby Monitor Market by Type [Value from 2018 to 2030]:
• Audio Baby Monitor
• Video Baby Monitor
AI Baby Monitor Market by Application [Value from 2018 to 2030]:
• Family
• Kindergarten
• Hospital
• Others
AI Baby Monitor Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Baby Monitor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI baby monitor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI baby monitor companies profiled in this report include-
• Samsung
• Cubo
• Safety 1st(Dorel)
• Motorola
• Philips
• Sony
• Angelcare
Recent Development in the AI Baby Monitor Market
• Nanit: Enhanced Sleep Tracking Nanit introduced advanced sleep tracking features in their AI baby monitors, utilizing computer vision to monitor sleep patterns and offer personalized insights to parents.
• Owlet: Integration with Smart Home Systems Owlet partnered with major smart home platforms to integrate their AI baby monitor into broader home automation systems, allowing seamless monitoring and control via voice assistants.
• Miku: Introduction of Breathing Monitoring Miku launched a next-generation AI baby monitor with real-time breathing monitoring capabilities, providing parents with detailed health metrics and alerts.
• Cocoon Cam: Expansion into Elderly Care Cocoon Cam expanded its AI monitoring technology beyond infants to elderly care, adapting their platform to monitor health and safety parameters for seniors living independently.
• Cubo AI: AI-Powered Baby Cry Analysis Cubo AI implemented AI algorithms for advanced baby cry analysis, distinguishing between different types of cries to alert parents more accurately to their babyÄX%$%Xs needs.
Features of the Global AI Baby Monitor Market
Market Size Estimates: AI baby monitor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI baby monitor market size by type, application, and region in terms of value ($B).
Regional Analysis: AI baby monitor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI baby monitor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI baby monitor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI baby monitor market?
Answer: The global AI baby monitor market is expected to grow with a CAGR of 15.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI baby monitor market?
Answer: The major drivers for this market are increasing awareness among parents about the benefits of continuous health monitoring for infants, growing integration with smart home ecosystems, and enhanced safety and security features in AI baby monitor.
Q3. What are the major segments for AI baby monitor market?
Answer: The future of the global AI baby monitor market looks promising with opportunities in the family, kindergarten, and hospital markets.
Q4. Who are the key AI baby monitor market companies?
Answer: Some of the key AI baby monitor companies are as follows:
• Samsung
• Cubo
• Safety 1st(Dorel)
• Motorola
• Philips
• Sony
• Angelcare
Q5. Which AI baby monitor market segment will be the largest in future?
Answer: Lucintel forecasts that audio baby monitor is expected to witness higher growth over the forecast period.
Q6. In AI baby monitor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI baby monitor market by type (audio baby monitor and video baby monitor), application (family, kindergarten, hospital, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Baby Monitor Market, AI Baby Monitor Market Size, AI Baby Monitor Market Growth, AI Baby Monitor Market Analysis, AI Baby Monitor Market Report, AI Baby Monitor Market Share, AI Baby Monitor Market Trends, AI Baby Monitor Market Forecast, AI Baby Monitor Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.