Smart Crib Market Size is valued at USD 368.1 million in 2023 and is predicted to reach USD 601.1 million by the year 2031 at a 6.5% CAGR during the forecast period for 2024-2031.
Smart cribs are technologically advanced infant beds that autonomously calm infants, track sleep patterns, and relay information to parents through a mobile application. Features often encompass rocking, white noise, cry detection, sleep tracking, and environmental monitoring. Renowned models such as the SNOO and Cradlewise enhance sleep quality for infants and caregivers by automating care and safety functionalities.
However, a lack of awareness and education, fragmentation and compatibility problems, a short life period, and obsolescence issues are factors that may limit the growth of the target market within the forecast period. Furthermore, smart cribs perform better when artificial intelligence and machine learning technologies are incorporated into them, which appeals to tech-savvy consumers. This particular sector of the baby care industry is expanding further due to innovations and developments, which are factors expected to create lucrative growth opportunities in terms of revenue for all the players operating in the smart crib market gloabally over the forecast period.
The smart crib market is segmented on the basis of product type, connectivity, age group, end-use, and distribution channel. According to the product type, the market is further segmented into standard cribs, convertible cribs, portable cribs, and multi-purpose cribs. The connectivity segment comprises Bluetooth and Wi-Fi. By age group, the market is segmented into newborns (0-6 months), infants (6-12 months), and toddlers (1-3 years). As per the end-use segment, the market is segmented into residential and commercial (baby care centres & daycare services and maternity hospitals & healthcare clinics). By distribution channel, the market is cagtegorized into direct sales, indirect sales (supermarket/hypermarket, speciality stores, other retail stores), and online sales (e-commerce websites and company-owned websites).
The portable crib category is expected to hold a major share of the global smart crib market. For contemporary parents who are always on the go, whether they are travelling, seeing friends and family, or just hopping from room to room in their own homes, portable cribs are the perfect option. These cribs are a great option for parents looking to give their babies a portable sleeping arrangement because they are lightweight, collapsible, and simple to put together. This particular sector of the baby care industry is expanding further due to innovations and developments. The market for smart cribs is expanding as a result of rising birth rates and new parents' reliance on high-tech baby gear. 'A new generation of millennial parents is using smart' technology for their infants. As per Owlet Baby Care, baby monitors are expected to surpass $1.6 billion in global sales by the year 2025, making them a rapidly expanding area of "smart" technology.
The online distribution segment is projected to grow rapidly in the global smart crib market. Customers may compare features, read reviews, and choose from a variety of smart crib options on online sales platforms while lounging in the comfort of their own homes. The rising demand via the Internet channel is partly due to the expanding acceptance of e-commerce, especially in the baby care product industry.
The European smart crib market is expected to document the highest market share in terms of revenue in the near future. Many factors are contributing to this increased demand, one of which is the growing awareness among European parents of the benefits of technology-integrated childcare goods. The tech-savvy customers are inclined to implement cutting-edge solutions like smart cribs into their parenting practices, as seen by the high adoption rate of smart home products.
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 368.1 Mn |
|
Revenue Forecast In 2031 |
USD 601.1 Mn |
|
Growth Rate CAGR |
CAGR of 6.5% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product Type, Connectivity, Age Group, End-Use, And Distribution Channel |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
4moms, Chicco, Cradlewise, Inc., Fisher-Price, Graco, HALO, Happiest Baby, Inc., Macari Baby, Inc., Mastela, Ronbei And Other Market Players |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Smart Crib Market Snapshot
Chapter 4. Global Smart Crib Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:
5.2.1. Standard Crib
5.2.2. Convertible Crib
5.2.3. Portable Crib
5.2.4. Multi-purpose Crib
Chapter 6. Market Segmentation 2: by Connectivity Estimates & Trend Analysis
6.1. by Connectivity & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Connectivity:
6.2.1. Bluetooth
6.2.2. Wi-Fi
Chapter 7. Market Segmentation 3: Age Group Estimates & Trend Analysis
7.1. Age Group & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following Age Group:
7.2.1. Newborn (0-6 Months)
7.2.2. Infant (6-12 Months)
7.2.3. Toddler (1-3 Years)
Chapter 8. Market Segmentation 4: by End-use Estimates & Trend Analysis
8.1. By End-use & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-use:
8.2.1. Residential
8.2.2. Commercial
8.2.2.1. Baby Care Centers & Day Care Service
8.2.2.2. Maternity Hospitals & Healthcare Clinics
Chapter 9. Market Segmentation 5: by Distribution Channel Estimates & Trend Analysis
9.1. By Distribution Channel & Market Share, 2019 & 2031
9.1.1. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Distribution Channel:
9.1.2. Direct Sales
9.1.3. Indirect Sales
9.1.3.1. Supermarkets/Hypermarkets
9.1.3.2. Specialty Stores
9.1.3.3. Other Retail Stores
9.1.4. Online Sales
9.1.4.1. E-commerce Websites
9.1.4.2. Company-Oowned Websites
Chapter 10. Smart Crib Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
10.1.2. North America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2023-2031
10.1.3. North America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts Age Group, 2023-2031
10.1.4. North America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2023-2031
10.1.5. North America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
10.1.6. North America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
10.2. Europe
10.2.1. Europe Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
10.2.2. Europe Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2023-2031
10.2.3. Europe Smart Crib Market Revenue (US$ Million) Estimates and Forecasts Age Group, 2023-2031
10.2.4. Europe Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2023-2031
10.2.5. Europe Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
10.2.6. Europe Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
10.3. Asia Pacific
10.3.1. Asia Pacific Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
10.3.2. Asia Pacific Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2023-2031
10.3.3. Asia-Pacific Smart Crib Market Revenue (US$ Million) Estimates and Forecasts Age Group, 2023-2031
10.3.4. Asia-Pacific Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2023-2031
10.3.5. Asia-Pacific Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
10.3.6. Asia Pacific Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
10.4. Latin America
10.4.1. Latin America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
10.4.2. Latin America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2023-2031
10.4.3. Latin America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts Age Group, 2023-2031
10.4.4. Latin America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2023-2031
10.4.5. Latin America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2023-2031
10.4.6. Latin America Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
10.5. Middle East & Africa
10.5.1. Middle East & Africa Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
10.5.2. Middle East & Africa Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2023-2031
10.5.3. Middle East & Africa Smart Crib Market Revenue (US$ Million) Estimates and Forecasts Age Group, 2023-2031
10.5.4. Middle East & Africa Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2023-2031
10.5.5. Middle East & Africa Smart Crib Market Revenue (US$ Million) Estimates and by Distribution Channel, 2023-2031
10.5.6. Middle East & Africa Smart Crib Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. 4moms
11.2.2. Chicco
11.2.3. Cradlewise, Inc.
11.2.4. Fisher-Price
11.2.5. HALO
11.2.6. Happiest Baby, Inc.
11.2.7. Mastela
11.2.8. Ronbei
11.2.9. Sleep Number Corporation
11.2.10. The Happiest Baby, Inc.
11.2.11. SNOOZA
11.2.12. Smartbe Intelligent Stroller Inc.
11.2.13. Hatch Baby Inc
11.2.14. Baby Bjorn (BabyBjörn AB)
11.2.15. Silver Cross (D.F. Holdings Ltd.)
11.2.16. Snoo Smart Sleeper
11.2.17. Mothercare plc
11.2.18. Graco Children's Products Inc.
11.2.19. Baby Delight Inc.
11.2.20. Million Dollar Baby Co
11.2.21. Other Market Players
11.2.22. Other Key Players
Smart Crib Market By Product Type -
Smart Crib Market By Connectivity -
Smart Crib Market By Age Group-
Smart Crib Market By End-use-
Smart Crib Market By Distribution Channel-
Smart Crib Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
