At 6.7% CAGR, Middle East & Africa Smart Baby Monitor Market is Projected to be Worth US$ 155.39 Million by 2030, says Business Market Insights.

According to Business Market Insights' research, the Middle East & Africa smart baby monitor market was valued at US$ 92.23 million in 2022 and is expected to reach US$ 155.39 million by 2030, registering a CAGR of 6.7% from 2022 to 2030. Increasing number of working parents and AI-Based smart baby monitors are among the critical factors attributed to the Middle East & Africa smart baby monitor market expansion.

In the past few years, the trend of living in a nuclear family has been rising as it offers more financial stability than a joint family. Migration from villages to cities for education and jobs has been another prominent factor driving the rise in the number of nuclear families. Working parents are looking for nannies or day care facilities to take care of their kids when they are not home. The rising concerns correlated with child safety encourage them to purchase smart baby monitoring devices. Smart baby monitoring products assist parents in carrying out their activities effectively without being worried about their children's activities and safety. These systems assist in real-time communication among parents and their children through smartphones. With the rise in penetration of smartphones, parents are increasingly installing apps to monitor their babies.

Hence, there is a constant expansion of online sales channels, as it offers consumers easy access to a variety of products. Thus, to cater to the demand for smart baby monitors among working parents, market players launched various solutions. For example, in April 2021, Miku launched the Miku Pro Smart Baby Monitor, which was developed to connect parents to their babies. The product's proprietary SensorFusion technology helps the parents to track breathing and sleeping patterns with no physical contact, which delivers enhanced safety for the baby. Thus, the increasing number of working parents drives the smart baby monitor market.

On the contrary, privacy concerns associated with smart baby monitor devices hampers the growth of Middle East & Africa smart baby monitor market.

Based on type, the Middle East & Africa smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held 73.6% market share in 2022, amassing US$ 67.91 million. It is projected to garner US$ 117.23 million by 2030 to expand at 7.1% CAGR during 2022-2030.

In terms of sales channel, the Middle East & Africa smart baby monitor market is bifurcated into online and offline. The offline segment held 65.2% share of Middle East & Africa smart baby monitor market in 2022, amassing US$ 60.13 million. It is projected to garner US$ 97.94 million by 2030 to expand at 6.3% CAGR during 2022-2030.

By application, the Middle East & Africa smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family segment held 75.6% share of Middle East & Africa smart baby monitor market in 2022, amassing US$ 69.77 million. It is projected to garner US$ 120.90 million by 2030 to expand at 7.1% CAGR during 2022-2030.

Based on country, the Middle East & Africa smart baby monitor market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 42.6% share of Middle East & Africa smart baby monitor market in 2022. It was assessed at US$ 39.27 million in 2022 and is likely to hit US$ 66.70 million by 2030, exhibiting a CAGR of 6.8% during 2022-2030.

Key players operating in the Middle East & Africa smart baby monitor market are VTech Holdings Ltd, Koninklijke Philips NV, Samsung Electronics Co Ltd, Panasonic Holdings Corp, Snuza, and NETGEAR, among others.

•    In September 2023, VTech launched a smart nursery baby monitor, named V-Care VC2105 Smart Nursery Baby Monitor, which harnesses unique local AI capabilities, providing baby sleep analytics and real-time alerts to help deliver the best monitor on the market.
  
  
  

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