PUBLISHER: Verified Market Research | PRODUCT CODE: 1738545
PUBLISHER: Verified Market Research | PRODUCT CODE: 1738545
As consumers become more aware of the significance of sleep in their overall health, they are increasingly turning to technology to optimize their rest. Smart beds equipped with features such as sleep tracking, automatic adjustments, and temperature control provide personalized sleep experiences tailored to individual needs by enabling the market to surpass a revenue of USD 3.38 Billion valued in 2024 and reach a valuation of around USD 5.51 Billion by 2032.
The smart bed market is expanding due to the aging of the population and the growing prevalence of sleep disorders. Older adults who frequently experience sleep disturbances are drawn to the benefits that smart beds provide such as adjustable firmness and posture correction. Smart beds can help alleviate common issues like back pain and poor circulation which are common among the elderly by enabling the market to grow at a CAGR of 6.30% from 2026 to 2032.
Smart Bed Market: Definition/ Overview
A smart bed is an advanced style of bed that incorporates technology to improve sleep quality and overall comfort. Unlike ordinary beds, smart beds are outfitted with sensors and connectivity features that monitor many elements of sleep including body movements, heart rate, breathing patterns, and even sleep cycles. These mattresses use the data gathered to provide insights into the user's sleeping habits and make real-time adjustments to improve comfort.
Smart mattresses are transforming the way people approach sleep and health management with uses that go far beyond ordinary comfort. These mattresses are outfitted with innovative sensors and technologies that track a variety of health parameters such as heart rate, breathing patterns, and sleep cycles. Smart beds can deliver individualized sleep suggestions based on this data allowing users to improve their sleep quality.
Smart beds are likely to incorporate even more sophisticated technologies cementing their place at the forefront of the connected health and wellness movement. For example, as artificial intelligence and machine learning improve, smart beds are anticipated to provide even more precise and predictive insights regarding sleep patterns and overall health.
The growing use of smart home technology is a crucial driver for the smart bed market. As customers embrace connected gadgets and seek to improve their living spaces with intelligent solutions, smart beds are becoming an essential component of the modern, tech-enabled home ecosystem. The increasing growth of the smart home market is driving the smart bed industry ahead. According to the United States Census Bureau's American Housing Survey, the percentage of houses having smart devices climbed from 7.2% in 2015 to 13.2% in 2019, indicating an increasing trend toward home automation.
This trend is reinforced by data from the Consumer Technology Association which predicts that smart home gadget sales in the United States will reach USD 44 Billion by 2023, up from $29 billion in 2019. Furthermore, the US Department of Energy believes that smart home technologies can lower home energy consumption by up to 10%, which includes smart beds with energy-saving capabilities.
The high initial costs and maintenance needs may offer substantial barriers to the broad adoption of smart beds, thereby impeding market growth. Smart beds which include advanced capabilities such as sleep tracking, automatic modifications, and integrated health monitoring are typically prohibitively expensive making them less accessible to a wide range of consumers. This cost barrier is especially important in markets where consumers are price-sensitive or where the perceived value of smart beds has not yet justified the expenditure.
Furthermore, the intricacy of smart bed systems raises questions regarding their long-term stability and longevity. Smart beds, like any other technology-intensive product, require regular maintenance to ensure optimal performance. This may include diagnosing software issues, updating firmware, or fixing hardware failures. Furthermore, the necessity for specialist support, as well as the potential difficulty in locating skilled experts may increase these concerns.
Hospitals hold the largest market share for smart beds and are expected to have the highest compound annual growth rate (CAGR) of 5.66% over the forecast period. This expansion is primarily driven by the growing use of Internet of Things (IoT) technology in healthcare settings. Smart beds outfitted with advanced sensors and networking features are becoming increasingly important in hospitals for monitoring patient health boosting comfort, and improving treatment efficiency.
The residential sector was the second-largest market for smart beds although not at the same rate as the hospital sector. Residential smart bed applications are growing in popularity due to increased awareness of sleep health and the desire for new sleep solutions. Investments in sleep technology aimed at increasing individual well-being and overall sleep quality are driving the sector's growth. As more people seek tailored sleep experiences and incorporate smart technology into their homes, the residential market for smart beds is likely to expand.
Automatic smart beds are the dominant sector. This dominance is primarily driven by rising consumer demand for the convenience and enhanced features that autonomous beds provide. Automatic smart beds have high-tech features including changeable positions, integrated sleep tracking, climate control, and smart home networking. These features address the increased desire for individualized comfort and improved sleep quality.
Furthermore, technological developments and lower prices for smart components have made automatic smart beds more accessible to a larger audience. Voice control, automated sleep pattern correction, and connectivity with other smart home devices have all contributed to the popularity of automatic smart beds. As the market grows, people are increasingly selecting for beds that provide a higher level of convenience and customization leading to the domination of the automatic category.
The smart bed market in North America is primarily driven by the region's strong smartphone adoption. This trend is led by the United States where smartphone penetration is at an all-time high creating an ecosystem suitable for smart home technology integration.
According to the United States Census Bureau, approximately 92% of households will have at least one smartphone in 2021, indicating a near-ubiquitous presence of devices capable of interfacing with smart home technology such as smart beds.
The integration of smart beds into other smart home ecosystems is accelerating market growth. According to the National Sleep Foundation, 65% of Americans believe technology will improve their sleep quality demonstrating a willingness to adopt smart bed technologies. Furthermore, the United States Department of Health and Human Services emphasizes the importance of sleep health stating that insufficient sleep affects 50-70 million Americans.
The Asia-Pacific region is undergoing significant digital transformation with smart homes emerging as one of the fastest-growing categories. This digital transformation is a major driver of the smart bed market as customers demand more technologically advanced and linked sleep solutions. According to International Data Corporation (IDC), the Asia Pacific smart home device market is predicted to develop at a compound annual growth rate (CAGR) of 21.5% between 2022 and 2026, reaching 600 million units by 2026. The significant development in smart home adoption has a direct impact on the smart bed market.
Another important element boosting the Asia Pacific smart bed market is the digital transformation of the healthcare industry. The COVID-19 epidemic has expedited the use of digital health technologies such as smart beds in hospitals and home care settings. For example, the Indian government's National Digital Health Mission, which began in 2020 intends to establish a digital health ecosystem, potentially increasing the usage of smart healthcare technologies such as smart beds.
The Smart Bed Market is a dynamic and competitive space characterized by diverse players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the smart bed market include:
Smart Bed Market Infographic
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