Smart Baby Monitor Market Size

Smart Baby Monitor  Market Size

Smart Baby Monitor Market size was valued at USD 1.2 billion in 2022 and is estimated to register a CAGR of over 9.5% between 2023 and 2032. With advancements in camera technology, artificial intelligence, and machine learning, smart baby monitors can now offer more sophisticated features like facial recognition, cry detection, and even sleep pattern analysis.

For instance, Nanit Pro, a smart baby monitor launched in January 2023, features a number of advanced capabilities, including a built-in breathing sensor, a 1080p HD camera, and night vision. It also has a sleep-tracking feature helping parents track their baby's sleeping patterns. These attributes will favor product adoption rate in the long run, which will help stimulate industry revenue streams.
 

Smart baby monitors with health monitoring features such as heart rate and breathing rate tracking are becoming more popular as parents become more health conscious. The rise in income levels is also playing a key role in defining the smart baby monitor market outlook. According to estimates released by the Bureau of Economic Analysis, personal income in the US increased USD 69.5 billion in June 2023, while Disposable Personal Income (DPI) grew USD 67.5 billion. As disposable incomes rise in many regions, parents are more willing to invest in advanced baby monitoring systems, further contributing to industry growth.
 

However, some parents still prefer using traditional audio-only or video baby monitors without smart features due to concerns about over-reliance on technology or a lack of trust in AI-powered devices. Furthermore, connected smart baby monitors raise concerns about data privacy and security. Any breach in the system could compromise the safety and privacy of the baby and the family, making some parents hesitant to use such devices.