At 5.8% CAGR, South & Central America Smart Baby Monitor Market is Projected to be Worth US$ 81.27 Million by 2030, says Business Market Insights.

According to Business Market Insights' research, the South & Central America smart baby monitor market was valued at US$ 51.90 million in 2022 and is expected to reach US$ 81.27 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. AI-based smart baby monitors and rise in smart home are among the critical factors attributed to the South & Central America smart baby monitor market expansion.

The smart baby monitoring device manufacturers are investing in the integration of artificial intelligence (AI) technology with their offerings. The integration of AI confers various intelligent features to the systems, such as baby cry detection, humidity and temperature measurements, and smart alerts, along with advanced speaker and microphone competencies for recording, singing, or storytelling; it also allows the replay of the recordings with high quality. It alerts parents through a wake-up light and night light that help them change diapers without startling the baby during the night. For instance, KamiBaby integrates edge computing technology with its baby monitors, which record the moments and share them with people who have access to the system. The integration of such advanced technologies with smart home devices allows parents to monitor their baby on devices run by Google Assistant and Amazon Alexa that are equipped with displays. Other features of KamiBaby devices include sleep summary of baby, live stream video sharing, two-way talk, 360-degree high-quality speakers, temperature and humidity sensors, built-in night light, kami cloud and SD card storage, and FHD 1080P premium image quality. In addition, in January 2023, Chillax, manufacturers of the first baby monitor that uses edge computing-based AI and machine learning techniques to precisely detect a covered face, roll-over, and breathing rate, introduced its latest solutions at the Consumer Electronics Show (CES) 2023. The company also introduced all-new Giraffe AI, Thermo AI, and Care Plus models.

Thus, the development of AI-based smart baby monitors is emerging as a key trend in the market and is expected to gain traction in the coming years.

On the contrary, privacy concerns associated with smart baby monitor devices hampers the growth of South & Central America smart baby monitor market.

Based on type, the South & Central America smart baby monitor market is bifurcated into video monitor device and audio monitor device. The video monitor device segment held 74.7% market share in 2022, amassing US$ 38.78 million. It is projected to garner US$ 62.19 million by 2030 to expand at 6.1% CAGR during 2022-2030.

In terms of sales channel, the South & Central America smart baby monitor market is bifurcated into online and offline. The offline segment held 66.3% share of South & Central America smart baby monitor market in 2022, amassing US$ 34.41 million. It is projected to garner US$ 52.08 million by 2030 to expand at 5.3% CAGR during 2022-2030.

By application, the South & Central America smart baby monitor market is segmented into home/family, hospitals, and day care. The home/family segment held 71.3% share of South & Central America smart baby monitor market in 2022, amassing US$ 37.03 million. It is projected to garner US$ 59.85 million by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on country, the South & Central America smart baby monitor market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 68.9% share of South & Central America smart baby monitor market in 2022. It was assessed at US$ 35.77 million in 2022 and is likely to hit US$ 57.74 million by 2030, exhibiting a CAGR of 6.2% during 2022-2030.

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

• In March 2022, The brand of Dorel Maxi-Cosi launched a breakthrough range of innovative, smart, sensory nursery products, all controlled by one app. The products are designed to give parents confidence and peace of mind by allowing them always to feel connected and close to their baby.
  
  
  

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