USD 540.66 million
Report ID: SQSG30L2031 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 61 | Figures: 75
Global Smart Pillows Market size was valued at USD 540.66 million in 2021 and is poised to grow from USD 654.7 million in 2022 to USD 2376.9 million by 2030, growing at a CAGR of 21.3% in the forecast period (2023-2030).
The global smart pillow market is expected to gain popularity as it is incorporated with novel mechanisms to detect and manage snores. Each product comes with its own control system to provide a variety of vibrations as per the consumer’s demand.
As many sleepers suffer from severe snoring such as obstructive sleep apnea, the need for smart pillows has skyrocketed. Obstructive sleep apnea can cause heart diseases, diabetes, stroke, sleep disorders, and various other health issues. Players in the market are implementing state-of-the-art technology to target these problems among patients.
As per The American Academy of Sleep Medicine social study in 2018, it is found that 24% of women and 40% of men were regular snorers. A study by several organisations, including The Daily Dozers, found that most people in Kuwait, Mexico, Colombia, Saudi Arabia, Costa Rica, South Korea, Qatar, Chile, the United Arab Emirates, Hong Kong, Japan, the Philippines, and Malaysia slept for less than seven hours on average.
Deprived sleep can cause irregular hormones, depression, memory loss, decreased immunity, irregular blood pressure, diabetes, obesity, and other chronic illnesses. Smart pillows market will witness lucrative growth opportunities in the coming years due to these factors.
US Smart Pillows Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 540.66 million
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Global Smart Pillows Market is segmented based on Application, Distribution Channel, and Region. Based on Application the smart pillows market is further sub segmented into Residential, Commercial. Based on Distribution Channel the Smart Pillows Market is further sub-segmented into Online, Offline. Based on Region the Smart Pillows Market is further sub-segments into North America, Europe, Asia Pacific, Latin America, MEA.
Smart Pillows Market Analysis by Application
In 2021, the residential sector held a share of more than 90%. This expansion is related to a rise in public awareness of the benefits of improved sleep. The product is supposed to have a favourable impact on sleep. The Netherlands, New Zealand, France, Australia, and Belgium are a few of the nations where an average night's sleep exceeds eight hours.
Unsurprisingly, it has been seen that these nations outperform others in terms of data on longevity, happiness, health, and other similar factors. This illustrates how sleep affects all facets of life. Consequently, for better sleep, the majority of medical organisations and doctors suggest the product. As a result, smart pillows are expected to become more popular with residential consumers in other nations where citizens sleep for shorter periods of time on average than in the aforementioned nations.
From 2021 to 2028, the commercial sector is expected to grow at the fastest CAGR, 32.2 %. The increased use of the product by hotels is blamed for the segment's expansion. The goal of inns and hotels has been to provide luxurious services to guests. The development of smart pillows has paved the way for improving customer service. Over the next few years, it's expected that the use of smart pillows in different hotels would rise due to the booming tourism industries in nations like Turkey, China, India, Sri Lanka, and Australia.
Smart Pillows Market Analysis by Distribution Channel
With a share of 90.7%, online channels dominated the smart pillows market in 2021. The channel has been regularly used by the producers to introduce their goods and broaden their customer base. Additionally, this channel assists businesses in contacting their target market on a global scale, which boosts sales. Additionally, the mode is always open, giving it the chance to service consumers around the clock. Consumers' payment preferences are shifting in favour of online transactions, so the likelihood of having outstanding trade receivables is very low.
The fastest CAGR of 32.8 % is expected for the offline channels from 2021 to 2028. In order to establish a better channel of contact with the consumers, the makers have been vying for market share in the smart pillow segment. The shops that sell furniture, mattresses, and bedding are their main targets. The establishment of a space in these places will inform clients about the product shapes.
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With 45.6% of global sales in 2021, the North American smart pillows market for smart pillows was the largest regional market. In December 2021, a poll by The Good Body found that more than 35% of Americans did not obtain the recommended seven hours of sleep, and about 20% had sleep disorders. Additionally, 97% of kids in the United States sleep for fewer than the recommended number of hours per night, and 7 out of every 10 students suffer from sleep deprivation.
Similar results were discovered by the National Sleep Foundation throughout its investigation. Regularly getting insufficient sleep can cause obesity, narcolepsy, sleep apnea, restlessness, insomnia, and sleep behavioural disorders. Obesity has become a serious health concern in the US. The National Center for Health Statistics estimates that 39.6% of American adults will be obese in 2021. Therefore, most medical professionals advise using smart pillows for more restful sleep, which will decrease the incidence of numerous ailments like obesity.
The smart pillows market in Asia Pacific is expected to grow at the quickest rate, with a CAGR of 33.4% from 2021 to 2028. Dr. Erik St. Louis, Co-Director of the Mayo Clinic Center for Sleep Medicine, claims that South Asians do not get enough sleep. In Malaysia, 35% of people and 20% of Thai people, respectively, have sleeplessness. These irregular sleeping patterns in Malaysia and Thailand are expected to expand the potential of the smart pillow.
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Smart Pillows Market Driver
Smart Pillows Market Restraint
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Continuous product improvements and the addition of AI-based capabilities are what drive the market. For instance, lighting for bedtime reading is continuously being enhanced to gradually dim away as the user drifts off to sleep. To meet the comfort needs of the clients, the majority of businesses offer customisable memory foam clusters. The incorporation of audio systems that may recite books till a person falls asleep is another extremely unusual feature found in the newer model. These features are very popular with parents who require help telling their children goodnight stories.
Smart Pillows Market Top Player’s Company Profiles
Smart Pillows Market Recent Development
A sizable audience of consumers are drawn to products like anti-snoring pillows as a result of the rapid advancement of numerous technical features. An additional reason that is influencing consumer choice for such "smart" products is the accessibility of technologically advanced features like sleep trackers in pillows.
The purpose of sleep trackers is to offer comprehensive data on sleeping habits. These gadgets come in a number of types, such as wearable accessories (such as the Fitbit Versa) and bed accessories. They monitor different phases of sleep, sleep time, and overall sleep quality. These trackers measure the user's pulse as well, which aids in determining the user's sleep quality. Some new smart pillows feature built-in Bluetooth speakers that may be used to listen to music or read audiobooks, promoting relaxation of the body and mind. Northern Illinois University researchers developed a noise-cancelling feature. This function recognizes and records snoring patterns, then generates sound waves of the same size to negate the noise.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the online channels for distribution segment dominated the global Smart Pillows Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, North America dominated the global Smart Pillows Market owing to the region's highly aware and economically stable population.
|Market size value in 2021||USD 540.66 million|
|Market size value in 2030||USD 654.7 million|
|Forecast Unit (Value)||USD Million|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Smart Pillows 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 Global Smart Pillows 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.
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