At 8.5% CAGR, Europe Smart Baby Monitor Market is Projected to be Worth US$ 603.70 Million by 2030, says Business Market Insights.

According to Business Market Insights' research, the Europe smart baby monitor market was valued at US$ 315.07 million in 2022 and is expected to reach US$ 603.70 million by 2030, registering a CAGR of 8.5% from 2022 to 2030. Rising population of tech-savvy millennial parents and increasing number of working parents are among the critical factors attributed to the Europe smart baby monitor market expansion.

Continuous technological advancements are making the lives of working parents more flexible and easier to manage. There is a growing adoption of digital health solutions for maternal and infant care among tech-savvy millennial parents across the globe. Smart baby monitor manufacturers are focusing on designing applications to allow parents to monitor their babies' activities in real time using their smartphones. As per the World Economic Forum in November 2021, the millennial population held 23% of the global population, i.e., ~1.8 billion. The growing digitalization and millennial expectations for enhanced convenience are creating opportunities for advanced solutions to simplify their lives. Thus, the increasing millennial population is likely to create a massive opportunity for the adoption of smart baby monitors worldwide during the forecast period.

On the contrary, privacy concerns associated with smart baby monitor devices hampers the growth of Europe smart baby monitor market.

Based on type, the Europe smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held 76.6% market share in 2022, amassing US$ 241.20 million. It is projected to garner US$ 473.45 million by 2030 to expand at 8.8% CAGR during 2022-2030.

In terms of sales channel, the Europe smart baby monitor market is bifurcated into online and offline. The offline segment held 63.1% share of Europe smart baby monitor market in 2022, amassing US$ 198.88 million. It is projected to garner US$ 376.05 million by 2030 to expand at 8.0% CAGR during 2022-2030.

By application, the Europe smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family segment held 73.7% share of Europe smart baby monitor market in 2022, amassing US$ 232.28 million. It is projected to garner US$ 459.63 million by 2030 to expand at 8.9% CAGR during 2022-2030.

Based on country, the Europe smart baby monitor market has been categorized into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.4% share of Europe smart baby monitor market in 2022. It was assessed at US$ 79.93 million in 2022 and is likely to hit US$ 173.49 million by 2030, exhibiting a CAGR of 10.2% during 2022-2030.

Key players operating in the Europe smart baby monitor market are VTech Holdings Ltd, Koninklijke Philips NV, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Snuza, Dorel Industries Inc, NETGEAR, and Withings, among others.

•    In November 2022, Infant Optics launched an innovative DXR-8 PRO video baby monitor. The new DXR-8 PRO monitor, which has a compact and stylish appearance, offers high-quality video and audio capabilities along with an enhanced range. It is the first baby monitor to use the patent-pending Active Noise Reduction (ANR) technology.
  
  
•    In October 2019, The partnership between Snuza and the Lullaby Trust. The partnership focuses on the CONI program, which provides support for bereaved parents who go on to have another baby.

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