Global Smart Bed Market

Smart Bed Market Size, Share, Growth Analysis, By Product Type(Manual control, semi-automatic control and fully automatic control), By End-User(Residential, healthcare and hospitality), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25F2064 | Region: Global | Published Date: February, 2024
Pages: 223 |Tables: 61 |Figures: 75

Smart Bed Market Insights

Smart Bed Market size was valued at USD 3.23 billion in 2021 and is poised to grow from USD 3.45 billion in 2022 to USD 5.84 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

Smart Bed Market is witnessing significant growth due to the increasing demand for technologically advanced and innovative sleeping solutions. Smart beds are equipped with various features such as sleep tracking, automatic mattress firmness adjustment, climate control, smart fabric technology, adjustable bases, anti-snoring features, IoT, and smart home connectivity, providing users with an enhanced sleeping experience. The prevalence of chronic illnesses like sleep apnea is increasing, smart homes and home automation systems are becoming more popular, there is a growing need for luxury bedding options, and consumer disposable income is rising. All of these factors are contributing to the market's expansion. The demand for smart beds and sleep-related products has increased as a result of the aging population's growth as well as the rising prevalence of lifestyle diseases. However, the high price of smart beds and consumers' lack of knowledge about their advantages could restrain the market's expansion. Moreover, privacy and security concerns related to smart beds and sleep-tracking technology may also challenge market growth. One of the key trends in the global smart bed market is the increasing adoption of IoT and smart home connectivity. Smart beds can be connected to other smart devices such as smartphones, tablets, and smart speakers, allowing users to control the bed's settings and receive sleep-related data through various apps. Another trend is the integration of advanced technologies such as artificial intelligence, machine learning, and big data analytics into smart beds, enabling personalized sleep recommendations and insights.

US Smart Bed Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 3.23 billion

Largest Segment

Fully automatic control

Fastest Growth

Fully automatic control

Growth Rate

6.8% CAGR

Global Smart Bed Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)

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Smart Bed Market Segmental Analysis

Smart Bed Market is segmented on the basis of product type, end user, and region. By product type, the market is segmented into manual control, semi-automatic control and fully automatic control. By application, market is segmented into residential, healthcare and hospitality. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Smart Bed Market Analysis by Product Type

The fully automatic control segment is expected to be the largest segment in the global smart bed market. This can be attributed to the increasing adoption of advanced technologies in the healthcare and hospitality sectors, which require efficient and convenient smart beds for patient care and comfort.

The fastest-growing segment in the market is expected to be the semi-automatic control segment. This can be attributed to the rising demand for affordable smart beds among consumers who seek advanced features without paying a high price. Semi-automatic smart beds balance manual and fully automatic controls, offering features such as adjustable head and foot positions, massage functions, and smart home connectivity at a reasonable cost. Additionally, the semi-automatic control segment is expected to grow due to the increasing demand from the residential end-user segment, which is looking for smart bed solutions that offer comfort and convenience at home. The semi-automatic control segment is also gaining popularity in the hospitality industry, where hotels are looking to provide a luxurious experience to their guests at an affordable price point.

Smart Bed Market Analysis by End User

The healthcare sector is the largest segment in the global smart bed market based on end-user. This can be attributed to the increasing demand for smart beds in hospitals and nursing homes to improve patient care and reduce the workload of healthcare staff. Smart beds provide patient monitoring, pressure relief, and fall prevention features, essential in the healthcare sector. Moreover, the increasing prevalence of chronic diseases and the aging population are expected to drive the demand for smart beds in the healthcare sector.

The fastest-growing segment in the market is expected to be the residential end-user segment. This can be attributed to the growing awareness among consumers about the benefits of smart beds in improving sleep quality, reducing back pain, and enhancing overall well-being. Additionally, the increasing adoption of smart home technologies and the rising disposable income of consumers are also expected to drive the growth of the residential segment.

Global Smart Bed Market Size By Product Type 2022 (%), 2021 (%)

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Smart Bed Market Regional Insights

North America dominated the global market. This can be attributed to a number of factors, including the high standard of living and disposable income in this region, as well as the increasing demand for innovative sleep solutions. Moreover, the presence of key market players and increasing investments in research and development activities are also expected to drive market growth in North America.

The fastest CAGR is anticipated for the Asia Pacific region. This can be attributed to a number of factors, including the rising demand for cozy and creative sleep solutions in nations like China and India and the rising consciousness of the importance of sleep health among consumers in this region. Additionally, the growing adoption of smart home technologies and increasing disposable income in the region are expected to drive market growth.

Global Smart Bed Market Size By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Smart Bed Market Dynamics

Smart Bed Market Drivers

Technological advancements

  • Advancements in technology have led to the development of smart beds with features such as IoT connectivity, voice command, and smart home integration. These features allow consumers to easily control various aspects of their sleeping environment, such as lighting and temperature.

Growing awareness of sleep health

  • There is an increasing awareness of the importance of sleep for overall health and well-being, leading to a growing demand for sleep-related products such as smart beds. Consumers are seeking products that can help them improve the quality and duration of their sleep.

Smart Bed Market Restraints

Concerns about data privacy

  • Smart beds collect sensitive data such as sleep patterns and biometric information, which can raise concerns about data privacy and security. Some consumers may hesitate to purchase these products due to concerns about how their data is used and protected.

Limited compatibility with existing infrastructure

  • Smart beds may require additional infrastructure such as a Wi-Fi network or smart home hub, which can be a barrier to adoption for some consumers. This may also increase the cost and complexity of installation, which can limit market growth.

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Smart Bed Market Competitive Landscape

Global smart bed market is highly competitive, with a large number of companies competing for market share. Some of the key players in the market are competing on the basis of product features, pricing, and brand recognition. Product innovation and differentiation are also important factors in the competition, as companies strive to offer unique features and technologies that set their products apart. In addition to established players, the Smart Bed market has seen the entry of new players, such as Hi-Interiors Srl and Levitas Design LLC, which are seeking to disrupt the market with innovative products and business models.

Smart Bed Market Top Player’s Company Profiles

  • Sleep Number Corporation (US)
  • Tempur Sealy International, Inc. (US)
  • Serta Simmons Bedding, LLC (US)
  • Ergomotion Inc. (US)
  • Kingsdown, Inc. (US)
  • Select Comfort Corporation (US)
  • Reverie (US)
  • Leggett & Platt, Inc. (US)
  • Hi-Interiors Srl (Italy)
  • Hilding Anders International AB (Sweden)
  • Luna (US)
  • iSense Sleep (US)
  • Levitas Design LLC (US)
  • Balluga Limited (UK)
  • Responsive Surface Technology, LLC (US)
  • A.H. Beard (Australia)
  • Magniflex S.p.A. (Italy)
  • Beddit, Inc. (US)
  • Nightingale (US)
  • ZEEQ Smart Pillow (US)

Smart Bed Market Recent Developments

  • In March 2022, Invacare Corporation announced the appointment of Aron I. Schwartz, aged 51, to its Board of Directors. Mr. Schwartz is a former managing director of ACON Investments, bringing valuable experience in finance and investment to the board.
  • In December 2021, Reverie, a smart bed manufacturer, announced a partnership with Eight Sleep, a sleep technology company, to develop a new line of smart mattresses. The mattresses feature Eight Sleep's sleep tracking and biometric monitoring technology, which provides users with personalized sleep insights and recommendations.
  • In November 2021, SleepScore Labs, a sleep solutions company, announced the launch of its new SleepScore Max 2 smart bed sensor. The sensor uses artificial intelligence and machine learning to track and analyze sleep patterns, providing users with personalized recommendations for improving sleep quality.
  • In September 2021, Serta Simmons Bedding, LLC, a prominent player in the smart bed market, announced collaboration with Hologenix, LLC, to develop a new smart bed technology that incorporates infrared energy into the mattress fabric. The technology is aimed at promoting recovery and enhancing sleep quality.

Smart Bed Key Market Trends

  • Increasing demand for personalized sleeping solutions: Consumers are increasingly seeking customized sleeping solutions tailored to their needs. Smart beds with features such as adjustable firmness, temperature control, and sleep tracking technology are becoming popular among consumers who want to optimize their sleeping experience.
  • Growing adoption of IoT and connected devices: With the increasing prevalence of Internet of Things (IoT) technology, smart beds are becoming more integrated with other connected devices such as smartphones and smart home systems. This allows for seamless integration and control of various lighting, temperature, and sound features, creating a more holistic sleeping environment.

Smart Bed Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global smart bed market analysis, the increasing demand for comfortable and luxurious sleeping solutions, rising awareness about the importance of good sleep, and growing adoption of smart home technologies are the major drivers for the growth of the global smart bed market. Additionally, it is anticipated that the demand for smart beds in the healthcare industry will be fueled by the rising prevalence of chronic diseases and the aging population. Geographically, during the forecast period, North America is anticipated to hold the largest market share in the global smart bed market. This is explained by the growing use of smart home technologies and the rising incidence of chronic diseases in the area. In conclusion, the growing demand for comfortable and opulent sleeping solutions, growing awareness of the value of getting enough sleep, and expanding use of smart home technologies are expected to drive significant growth in the global market in the years to come.

Report Metric Details
Market size value in 2021 USD 3.23 billion
Market size value in 2030 USD 5.84 billion
Growth Rate 6.8%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Manual control, semi-automatic control and fully automatic control
  • End-User
    • Residential, healthcare and hospitality
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Sleep Number Corporation (US)
  • Tempur Sealy International, Inc. (US)
  • Serta Simmons Bedding, LLC (US)
  • Ergomotion Inc. (US)
  • Kingsdown, Inc. (US)
  • Select Comfort Corporation (US)
  • Reverie (US)
  • Leggett & Platt, Inc. (US)
  • Hi-Interiors Srl (Italy)
  • Hilding Anders International AB (Sweden)
  • Luna (US)
  • iSense Sleep (US)
  • Levitas Design LLC (US)
  • Balluga Limited (UK)
  • Responsive Surface Technology, LLC (US)
  • A.H. Beard (Australia)
  • Magniflex S.p.A. (Italy)
  • Beddit, Inc. (US)
  • Nightingale (US)
  • ZEEQ Smart Pillow (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Smart Bed Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Smart Bed Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Smart Bed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Bed Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Bed Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Smart Bed Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Smart Bed Market size was valued at USD 3.23 billion in 2021 and is poised to grow from USD 3.45 billion in 2022 to USD 5.84 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

smart bed market is highly competitive, with a large number of companies competing for market share. Some of the key players in the market are competing on the basis of product features, pricing, and brand recognition. Product innovation and differentiation are also important factors in the competition, as companies strive to offer unique features and technologies that set their products apart. In addition to established players, the Smart Bed market has seen the entry of new players, such as Hi-Interiors Srl and Levitas Design LLC, which are seeking to disrupt the market with innovative products and business models. 'Sleep Number Corporation (US)', 'Tempur Sealy International, Inc. (US)', 'Serta Simmons Bedding, LLC (US)', 'Ergomotion Inc. (US)', 'Kingsdown, Inc. (US)', 'Select Comfort Corporation (US)', 'Reverie (US)', 'Leggett & Platt, Inc. (US)', 'Hi-Interiors Srl (Italy)', 'Hilding Anders International AB (Sweden)', 'Luna (US)', 'iSense Sleep (US)', 'Levitas Design LLC (US)', 'Balluga Limited (UK)', 'Responsive Surface Technology, LLC (US)', 'A.H. Beard (Australia)', 'Magniflex S.p.A. (Italy)', 'Beddit, Inc. (US)', 'Nightingale (US)', 'ZEEQ Smart Pillow (US)'

Advancements in technology have led to the development of smart beds with features such as IoT connectivity, voice command, and smart home integration. These features allow consumers to easily control various aspects of their sleeping environment, such as lighting and temperature.

Increasing demand for personalized sleeping solutions: Consumers are increasingly seeking customized sleeping solutions tailored to their needs. Smart beds with features such as adjustable firmness, temperature control, and sleep tracking technology are becoming popular among consumers who want to optimize their sleeping experience.

North America dominated the market. This can be attributed to a number of factors, including the high standard of living and disposable income in this region, as well as the increasing demand for innovative sleep solutions. Moreover, the presence of key market players and increasing investments in research and development activities are also expected to drive market growth in North America.

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Global Smart Bed Market

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