Baby Monitor Market is expected to grow with a CAGR 5.2% from 2022 to 2028
As stated in our extensive report; providing insights on Product Type, Connectivity, Distribution, and Region; the Global Baby Monitor Market accounted for USD 1,352.9 Million in the year 2021.
“Key Factors Likely to Drive Growth of Baby Monitor Market”
A baby monitor is an electronic device also known as a baby alarm, is a radio system used to remotely listen to sounds made by an infant. These baby monitors connect with all types of smart electronic devices like smartphones, laptops, and desktop computers. They are easily accessible from any location. Moreover, these baby monitors can offer some health-related information about the like the breathing pattern, sleep activity, the temperature of the skin, body position, and live audio. There are many products that can create a massive market opportunity for investors in the global baby monitor market.
Due to the COVID-19 crisis, various markets of different sectors have been disrupted. The baby monitor market is also affected by COVID-19. Due to the global lockdown, the consumers were locked in their homes, which has declined the demand for these baby monitors and it has impacted negatively the baby monitor market.
Nowadays, the lifestyles of the consumers have been changed, and the discrimination between men and women has been reduced, which encouraged the women professionals to work in different fields as per their choices. There is a consistent rise in the number of working women all over the world which increases the demand for these baby monitors. A baby monitor will enhance them to keep an eye on their child, which is one of the key factors that is fueling the market.
The baby monitors are very expensive therefore not every consumer is willing to buy this. Furthermore, the lack of knowledge about the baby monitor in underdeveloped countries may create a hurdle in the expected growth of the global baby monitor market during the forecast period.
North America holds the largest share in the market and is expected to continue this trend in the forecast period. The advancement of devices especially in the electronic sector is the major factor in increasing demand for baby monitor products.
Some of the key players in the Global Baby Monitor Market include Samsung Electronics Co. Ltd., Dorel Industries Inc., Angelcare Monitors Inc., LOREX Technology Inc., V Tech Holdings Ltd., Shen Zhen Foscam Intelligent Technology Co. Ltd, Summer Infant Inc., Koninklijke Philips N.V., Nest Lab. Inc., Withings Inc. and others.
Browse the full Report - Baby Monitor Market Size, Share & Trends Analysis Report by Product Type (Audio, Video), by Connectivity (Wired, Wireless ), by Distribution Channel (Retail Stores, Supermarket/Hypermarket , E-Commerce , Specialty Stores), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)