The smart mattress is a new-age technological innovation that integrates modern wellness tracking applications with normal sleeping mattresses. These are equipped with sensors and trackers and can also be connected to other smart home devices in order to provide a comprehensive sleep tracking experience. Another integral part of these is smartphone applications that are synced to provide adaptive feedback and real-time monitoring. These applications also have interfaces that allow the user to control and adjust systems and sensors on the smart mattress.
The level of sophistication and technology used varies from brand to brand with each having specialized features and facilities. The smartest mattress comes with features, such as adjustable temperatures, memory foam, and adaptive motion-sensing among others. Some of these also require compatible beds to make full use of features, such as adjustable elevation angles. Given the level of comfort and luxury that these products provide, they are manufactured only for consumption from higher-end buyers. The pricing of these goods is considerably high given the technological standards.
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The market for smart mattresses is a highly specialized one and caters to the higher strata of society. Affordability of these make it a luxury and thus, the market does not have a wide consumer base. The report published on the global smart mattress market studies the market growth in terms of the overall size and value. According to the study conducted, the market for smart mattresses is set to register a growth rate of 54.2% CAGR in terms of revenue over the next five years.
The key manufacturers covered in this report:
The overall market has been segmented on the basis of the product type regarding the specifications and dimensions and based on the end-user applications. The main market segment by type given by the report is based on the product size and is presented under the 60 inches category. The other segmentation, based on the product applications is given based on the area it is used in and divided into Commercial and Residential. The study regarding each of these segments focuses on the consumption data collected on them from the past years. The forecast for the market is based on the data analysis provided based on the collected market data.
As per the forecast provided by the report, the smart mattress market at the global level in terms of the size will reach US$ 1133.1 million by 2024. The earlier evaluation is done in the year 2019 estimated the market to have a valuation of US$ 200.5 million. The forecast for the market also covers that for each of the major regional segments. The key regions studied in this market are the Americas, APAC, Europe, and the Middle East & Africa. The countries that have been individually covered are the United States, Canada, Mexico, Brazil, China, Japan, Korea, Southeast Asia, India, Australia, Germany, France, UK, Italy, Russia, Spain, Egypt, South Africa, Israel, Turkey, and the GCC Countries.
The American technology company based in New York City, Eight Sleep, a global leader that specializes in developing and manufacturing of smart mattresses, has taken over the market with its latest product, named the Pod. Being the first smart bed to combine dynamic temperature regulation, biometric tracking, and smart home integrations – being IFTTT enabled, the price range of about US$2,000.
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