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.
Competitive Landscape
Some Major Key Players In The Smart Crib Market:
- 4moms
- Chicco
- Cradlewise, Inc.
- Fisher-Price
- HALO
- Happiest Baby, Inc.
- Mastela
- Ronbei
- Sleep Number Corporation
- The Happiest Baby, Inc.
- SNOOZA
- Smartbe Intelligent Stroller Inc.
- Hatch Baby Inc
- Baby Bjorn (BabyBjörn AB)
- Silver Cross (D.F. Holdings Ltd.)
- Snoo Smart Sleeper
- Mothercare plc
- Graco Children's Products Inc.
- Baby Delight Inc.
- Million Dollar Baby Co
- Other Market Players
Market Segmentation:
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).
Based On Product Type, The Portable Crib Segment Accounts For A Major Contributor To The Smart Crib Market.
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 $1.6 billion in global sales by the year 2025, making them a rapidly expanding area of "smart" technology.
The Online Distribution Segment Witnessed Growth At A Rapid Rate.
The online distribution segment is projected to grow rapidly in the global smart crib market. Customers may compare features, read reviews, and choose from a variety of smart crib options on online sales platforms while lounging in the comfort of their own homes. The rising demand via the Internet channel is partly due to the expanding acceptance of e-commerce, especially in the baby care product industry.
In The Region, The European Smart Crib Market Holds A Significant Revenue Share.
The European smart crib market is expected to document the highest market share in terms of revenue in the near future. Many factors are contributing to this increased demand, one of which is the growing awareness among European parents of the benefits of technology-integrated childcare goods. The tech-savvy customers are inclined to implement cutting-edge solutions like smart cribs into their parenting practices, as seen by the high adoption rate of smart home products.
Smart Crib Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 368.1 Mn |
|
Revenue Forecast In 2031 |
USD 601.1 Mn |
|
Growth Rate CAGR |
CAGR of 6.5% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ 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. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
