South America Smart Baby Monitor Market
The smart baby monitor market in SAM is sub segmented into Brazil, Argentina, and Rest of SAM. The rest of SAM includes Chile, Colombia, Guatemala, and Peru. Technological developments have directly impacted the economies of Brazil and Argentina. The continuous growth in the adoption of AI technology and IoT in the region has led to surge in demand for smart baby monitors across the region. The swift penetration of smartphones and other connected devices, and the rising concerns associated with the safety of babies is further likely to contribute to the smart baby monitor market growth in SAM. With the rising access of girls to education a large number of women are entering into the professional setups and gaining more control over their finances. Furthermore, the mounting number of tech-savvy parents across the region is boosting the adoption of smart baby monitors. The parents also adopt different parenting apps, which helps them search for an efficient caretaker for their babies. A few of the well-known parenting apps used by parents in SAM are Alba, Kinedu, PlayKids, BabySparks, Pollitoingles, akdemia, and Blended. The adoption of these parenting apps is supporting the growth the smart baby monitors market across the region. AI-based smart baby monitors and escalating population of tech-savvy millennial parents are the major factor driving the growth of the SAM smart baby monitor market.
In case of COVID-19, Brazil is the most affected country in SAM. Other countries such as Colombia, Ecuador, Chile, Peru, and Argentina, among others are also witnessing the adverse impacts of the pandemic across various industries. Moreover, the region also significantly constitutes various island nations and small countries contributing for limited demand for smart baby monitor market. The coronavirus disruption is expected to create tremors through till mid-2021. After that, it is anticipated that the buying behaviors will normalize. Further, the electronics equipment industry is likely to pick up pace sooner as governments across the SAM region lifted the various containment measure steadily to revive the economy. The production of the electronics equipment is anticipated to gain pace from 2021 which is further foreseen to positively influence the electronics equipment manufacturing including hardware components of smart baby monitor.
Strategic insights for the South America Smart Baby Monitor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 39.57 Million |
| Market Size by 2028 | US$ 71.11 Million |
| Global CAGR (2021 - 2028) | 7.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Smart Baby Monitor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The SAM smart baby monitor market is expected to grow from US$ 39.57 million in 2020 to US$ 71.11 million by 2028; it is estimated to grow at a CAGR of 7.7 % from 2021 to 2028. Mounting number of corporate daycare/childcare centers is expected to surge the SAM smart baby monitor market. Several governments across SAM region support the growth of childcare services, and the announcement of public policies to reconcile work and family is supporting the development of daycare/childcare centers. Additionally, the rise in employment of women is forcing the parents to put their babies in the childcare/daycare centers during their absence at home. Different organizations are offering corporate childcare centers to help their employees to focus on their work, alongside allowing them to monitor their babies in office. The corporate childcare centers are managed or sponsored by employers. They are providing either in-house childcare centers or entering partnerships with local childcare centers to deliver fascinating facilities to attract high-potential candidates and retain top-performing employees. Furthermore, at locations where it is unable to offer on-site nursery facilities, the several companies across SAM region have signed a partnership agreement with local childcare centers. Therefore, such initiatives taken by the corporates are boosting the adoption of smart baby monitoring devices across the SAM region.
In terms of type, the video monitor device segment accounted for the largest share of the SAM smart baby monitor market in 2020. In terms of sales channel, the offline segment held a larger market share of the SAM smart baby monitor market in 2020. Further, the home/family segment held a larger share of the SAM smart baby monitor market based on application in 2020.
A few major primary and secondary sources referred to for preparing this report on the SAM smart baby monitor market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Angelcare, Babysense (Hisense), Dorel Industries, Motorola Mobility LLC, Owlet Baby Care, PAMPERS（P&G）, Philips, Samsung, Snuza, Summer Infant, and Vtech.
The South America Smart Baby Monitor Market is valued at US$ 39.57 Million in 2020, it is projected to reach US$ 71.11 Million by 2028.
As per our report South America Smart Baby Monitor Market, the market size is valued at US$ 39.57 Million in 2020, projecting it to reach US$ 71.11 Million by 2028. This translates to a CAGR of approximately 7.7 % during the forecast period.
The South America Smart Baby Monitor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Smart Baby Monitor Market report:
The South America Smart Baby Monitor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Smart Baby Monitor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Smart Baby Monitor Market value chain can benefit from the information contained in a comprehensive market report.
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