Press release
Smart Crib Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2031
Smart Crib Market is expected to reach US$ 545.4 Mn by the end of 2031, It is estimated to grow at a CAGR of 6.4% from 2022 to 2031.Smart crib is a type of crib that alerts parents when their baby cries. The crib is connected to the parent's smartphone through an app, in which sensors provide detailed information and the overall condition of the baby such as breathing, movement, crying, and pooping. With different levels of comfort, the smart crib uses mimicking and appropriate motion to soothe the baby to sleep. The global smart crib market is significantly driven by the increase in dependence of parents on smart applications for monitoring and safeguarding their babies. Innovative features of smart cribs such as light visibility, music, audio-video monitoring, daily activity tracking, and voice recognition sensing are likely to boost the global smart crib market during the forecast period.
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Smart crib ensures the baby sleeps for a longer duration, as a microphone or sensors detect and soothe different types of cries. New parents increasingly depend on smart cribs owing to their busy schedules, job stress, and small family. Increase in birth rate, rise in purchasing power of customers, and dependence of new parents on smart baby accessories with technologically advanced features are the factors likely to boost the sale of smart cribs. Additionally, key players are promoting smart cribs through digital media, which is encouraging the expansion of the market. After having a C-section birth, mothers have limited mobility due to wound healing post-delivery. This is also driving the global demand for more reliable cribs such as smart cribs.
The monitoring of baby products such as smart cribs through an app or remote device is estimated to drive the market in the next few years. Additionally, rise in demand for automated products that offer remote access through tablets, mobiles, and other mobile computing devices is anticipated to boost the demand for smart cribs. Key players operating in the market are offering innovative products with improved features that help new parents overcome several baby sleeping and monitoring issues. Increase in inclination of parents toward smart products, technological advancements in baby cribs, and rise in number of multi-specialty & super-specialty hospitals and baby care centres are expected to drive the smart crib market in the next few years.
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In terms of product type, the convertible smart crib segment is likely to hold major share of the market during the forecast period, while the multi-purpose crib segment is estimated to grow at a notable pace during the forecast period.
The preference for multi-purpose cribs can primarily be ascribed to the rise in demand for innovative cribs that can be folded and relocated from one place to another; their ability to act as stroller cm crib and cot cm crib; and provision of space to store essential products related to the baby. Increase in popularity of 3-in-1 cribs and 5-in-1 smart cribs that consist of several advanced features, materials, and designs is boosting the market. Customers are opting for Wi-Fi-based products as they get access to different subscriptions, parent guides, music, and monitoring system apps of their choice. This is also expected to drive the demand for smart cribs. These factors are expected to boost the demand for multi-purpose smart cribs in the near future, thus creating lucrative revenue opportunities for market players.
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Most of the companies operating in the global smart crib market are spending significantly on comprehensive research and development activities to provide advanced juvenile products. Expansion of product portfolios and mergers and acquisitions are prominent strategies adopted by key players. Happiest Baby, Inc., Cradlewise, Inc., 4moms, Chicco (Artsana S.p.A.), Halo, Fisher-Price, Graco Children's Products Inc., Mothercare plc, Baby Delight Inc., and RONBEI Baby Product Co. Ltd. are the prominent entities operating in the market.
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