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Based on distribution channel, the smart baby monitor market is bifurcated into online and offline. The offline segment was valued at over USD 880 million in 2022. Smart baby monitors are experiencing high sales growth through offline distribution channels due to several factors. Many parents prefer to see and interact with the product physically before making a purchase, which offline stores allow. Additionally, offline retailers often provide demonstrations and expert advice, instilling confidence in buyers. Moreover, some customers may not have access to reliable internet connectivity, making offline stores a more accessible option. Relevant instances include major baby stores and electronic retailers stocking a wide range of smart baby monitors and witnessing increased foot traffic from concerned parents seeking the best product for their infants.
Based on connectivity, the smart baby monitor market is segmented into wired and wireless. The wireless smart baby monitor segment captured a significant market share in 2022 and is estimated to exhibit a growth of over 8.5% CAGR during the forecast period. Wireless smart baby monitors are becoming popular due to their convenience and ease of use. Unlike traditional baby monitors that require complex wiring, wireless smart monitors offer hassle-free setup and greater mobility. Parents can monitor their babies from smartphones and tablets, allowing them to keep an eye on their little ones while on the go or from another room. Additionally, these monitors often come with advanced features such as two-way audio, night vision, and integration with smart home automation systems. The increasing popularity of wireless smart baby monitors is evident from the growing number of market players and positive consumer reviews praising their functionality and user-friendliness.
North America held a dominant smart baby monitor market share of over 45% in 2022. The region has a high level of technological adoption and internet penetration, making smart home devices more prevalent. Additionally, North American parents prioritize safety and convenience, driving the demand for advanced baby monitoring solutions. The presence of major players in the smart baby monitor industry, along with effective marketing strategies, further boosts sales. Relevant instances include the increasing popularity of brands like Nanit, Owlet, and Infant Optics, which have gained significant market share in North America by offering innovative and reliable smart baby monitoring solutions.