23 May 2019 - Global Smart Mattress Market is anticipated to witness an exponential growth in the forecast period. A smart mattress constitutes sleep-monitoring systems. Sensors located track motion, and the other vital records. The factors that propel the growth of the market include increasing investments in R&D, innovative mattresses with smart features, smart mattresses release electromagnetic radiations and are suggested for adults, increasing concern, growing hospitality and healthcare industry, surge in demand, growing disposable income, and increasing penetration of high-speed Internet and smartphones.
On the other hand, there are factors that may hamper the growth of the market including an increase in cost wars among existing vendors and lack of consciousness among the population. Smart mattress market is anticipated to expand at a significant CAGR of 11.16% in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market has emerged as a new trend, is rising investments in R&D activities to produce innovative mattresses with smart characteristics. In addition, these smart mattresses emit electromagnetic radiation and are thus not recommended for children.
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The key manufacturers in the Smart Mattress include
Responsive Surface Technology
Serta Simmons Bedding
Tempur Sealy International
The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market could be explored by type, product type, application and geography. Market by type could span >60 inches, 40-60 inches, and