Smart Crib Market is on an Upward Growth Curve

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Smart Crib Market - (By Product Type (Standard Crib, Convertible Crib, Portable Crib, Multi-purpose Crib), By Connectivity (Bluetooth, Wi-Fi), By Age Group (Newborn (0-6 Months), Infant (6-12 Months), Toddler (1-3 Years)), By End-use (Residential, Commercial (Baby Care Centers & Day Care Service, Maternity Hospitals & Healthcare Clinics)), By Distribution Channel (Direct Sales, Indirect Sales (Supermarket/Hypermarket, Specialty Stores, Other Retail Stores), Online Sales (E-commerce Websites, Company-owned Websites))), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Smart Crib Market is valued at US$ 368.1 million in 2023, and it is expected to reach US$ 601.1 million by 2031, with a CAGR of 6.5% during the forecast period of 2024-2031.

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Smart cribs are cutting-edge pieces of infant furniture that enhance safety and sleep quality through technology. When it comes to smart cribs, pediatric recommendations put safety and following rules first. Motion, sound, and response technologies are all integrated into smart cribs to provide baby comfort. Parents and kids will have a smooth experience when they know how to set up, use, and troubleshoot smart cribs. Smart cribs have nearly superseded the traditional crib. For tech-savvy parents, smart cribs have been designed with greater precision and integrated technology. Smart cribs are becoming more and more popular because many millennial parents view them as status symbols. Hassle-free feeding, stress-free sleeping, portable features, and improved infant monitoring are driving global demand for smart cribs. Certain smart cribs that allow millennial parents to subscribe to many digital solutions via their smartphones are becoming more and more popular. Additionally, they are choosing cribs with manual and automated modes of operation. Mothers who have had a C-section have restricted movement because of wound healing after delivery. The demand for smart cribs is driven globally by this cause as well. Because of their small families, demanding jobs, and hectic schedules, new parents are depending more and more on smart cribs. Sales of smart cribs are expected to increase due to rising birth rates, rising spending power, and the reliance of new parents on technologically sophisticated smart baby gear.

List of Prominent Players in the Smart Crib Market:
• 4moms
• Chicco
• Cradlewise, Inc.
• Fisher-Price
• HALO
• Happiest Baby, Inc.
• Mastela
• Ronbei
• Sleep Number Corporation
• The Happiest Baby, Inc.
• SNOOZA
• Smartbe Intelligent Stroller Inc.
• Hatch Baby Inc
• Baby Bjorn (BabyBjörn AB)
• Silver Cross (D.F. Holdings Ltd.)
• Snoo Smart Sleeper
• Mothercare plc
• Graco Children's Products Inc.
• Baby Delight Inc.
• Million Dollar Baby Co,
• Other Market Players

Market Dynamics:
Drivers-
The rising demand for infant items with cutting-edge technology has led to a notable increase in the global smart crib market in recent years. With built-in monitors, sensors, and networking capabilities, among other features, smart cribs enable parents to monitor their babies from a distance and get up-to-date information on their health and sleeping habits. These cribs offer a complete option for parents looking for a connected and smart approach to baby care. They frequently include features like temperature and humidity sensors, night vision cameras, music, and white noise capabilities.

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Challenges:
The exorbitant price of smart cribs, nevertheless, might prevent their widespread use. Because of its advanced technology and extra functions, smart cribs are more expensive than ordinary cribs and are only available to a certain market group. The primary obstacle to the extensive implementation of smart cribs is their exorbitant price. The incorporation of cutting-edge technologies like cameras, IoT sensors, and AI capabilities raises the cribs' production costs. Because of this, smart cribs are marketed as luxury goods, making them only available to a particular class of customers with larger discretionary means. A wider range of consumers may be discouraged by the high price, hindering mass-market penetration. One of the challenges facing the smart crib business is low consumer awareness and knowledge.

Regional Trends:
The European smart crib market is expected to register a significant market revenue share and it is projected to grow at a high CAGR in the near future. Europe holds a significant proportion in terms of both volume and value of the smart crib market, according to the most recent data. The consumer base in the region is well-versed in technology and is open to new ideas and convenience. Additionally, European parents place a high value on their infants' protection and safety, which fuels demand for features like remote access and sleep monitoring. A strong economy drives Europe's market share for smart cribs, a well-developed infrastructure for technological adoption, and consumer buying power, all of which contribute to the region's status as a hotbed for the creation and uptake of this innovative technology.

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Segmentation of Smart Crib Market-
By Product Type -
• Standard Crib
• Convertible Crib
• Portable Crib
• Multi-purpose Crib
By Connectivity -
• Bluetooth
• Wi-Fi
By Age Group-
• Newborn (0-6 Months)
• Infant (6-12 Months)
• Toddler (1-3 Years)
By End-use-
• Residential
• Commercial
o Baby Care Centers & Day Care Service
o Maternity Hospitals & Healthcare Clinics
By Distribution Channel-
• Direct Sales
• Indirect Sales
o Supermarket/Hypermarket
o Specialty Stores
o Other Retail Stores
• Online Sales
o E-commerce Websites
o Company-owned Websites
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.