Overview and Scope
The smart pillow is an innovative pillow that is designed to enhance comfort and improve sleep quality. It incorporates various features such as built-in sensors, speakers, and connectivity options to provide personalized sleep experiences. These pillows can track sleep patterns, monitor vital signs, and even adjust firmness or temperature according to user preferences.
Sizing and Forecast
The smart pillow market size has grown exponentially in recent years. It will grow from $0.86 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to demand for sleep improvement, health and wellness trends, urbanization and stress management, market penetration in high-income segments, consumer education and awareness.
The smart pillow market size is expected to see exponential growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 23.6%. The growth in the forecast period can be attributed to aging population and sleep disorders, home office and remote work trends, subscription and service models, integration with smart home ecosystems, environmental sustainability concerns, healthcare partnerships and telemedicine, regulatory compliance and standards. Major trends in the forecast period include integration of sleep tracking and monitoring technologies, adoption of adjustable firmness and support features, incorporation of built-in speakers and wireless connectivity, expansion of temperature regulation capabilities, development of ai-powered sleep coaching, integration with smart home ecosystems.
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Segmentation & Regional Insights
The smart pillow market covered in this report is segmented –
1) By Product Type: Anti-Snoring, Multifunctional, Other Products
2) By Material: Latex Pillow, Foam Pillow, Down and Feather Pillow, Wool Or Cotton Pillow, Polyester Pillow, Other Material
3) By Distribution Channel: Online Distribution Channel, Offline Distribution Channel
4) By Application: Residential, Hotel, Hospital
North America was the largest region in the smart pillow market in 2023. The regions covered in the smart pillow market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in sleep-related problems is expected to propel the smart pillow market going forward. Sleep-related problems refer to a range of difficulties and disorders that affect a person’s ability to obtain restful and adequate sleep. Modern lifestyles often involve irregular sleep patterns, long working hours, and increased screen time, which can disrupt natural sleep-wake cycles and contribute to sleep problems. Smart pillows offer various features such as monitoring sleep cycles, providing personalized recommendations, adjusting firmness or temperature, and providing good sleep. For instance, In Jan 2024, according to the National Council on Aging, a US-based nonprofit advocacy and service organization that focuses on improving the lives of millions of older adults, a significant percentage of adults experienced insufficient sleep, with a 38.3% to 38.6% prevalence in the 18-44 and 45-64 age groups, and a 28.1% prevalence in those aged 65 and older. Additionally, in 2021, according to Medscape, a US-based television studio, young adults aged 35-44 got the least sleep, with almost 50% only getting 5-6 hours per night and only 33% getting the recommended 7-8 hours. Therefore, the increase in sleep-related problems is driving the growth of the smart pillow market.
Key Industry Players
Major companies operating in the smart pillow market are Tactile Medical Inc., DOWNLITE, MAETEL GmbH & Co. KG, Nanit, Messe Frankfurt GmbH, ADVANSA Marketing GmbH, MyPillow Inc., Sleepace, Mediflow USA, Eight Sleep, Down & Feather Company, Inc., Smart Nora, SleepSmart, REM-Fit, GioClavis Co. Ltd., MOONA, Advanced Sleep Technology Inc., iSense AG, Dreampad, Tempur-Pedic Inc., Sunrise Smart Pillow, Peter Kohl Nachfolger GmbH & Co. KG, ROHDEX Bettfedern GmbH & Co. KG, Karl Sluka GmbH & Co. KG
The smart pillow market report table of contents includes:
- Executive Summary
- Smart Pillow Market Characteristics
- Smart Pillow Market Trends And Strategies
- Smart Pillow Market – Macro Economic Scenario
- Global Smart Pillow Market Size and Growth
………..
- Global Smart Pillow Market Competitive Dashboard
- Key Mergers And Acquisitions In The Smart Pillow Market
- Smart Pillow Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Smart Pillow Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Smart Pillow Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Smart Pillow Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………
Table 75: Tactile Medical Inc. Financial Performance
Table 76: DOWNLITE Financial Performance
Table 77: MAETEL GmbH & Co. KG Financial Performance
Table 78: Nanit Financial Performance
Table 79: Messe Frankfurt GmbH Financial Performance
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