Baby Monitor Market to Reach Valuation of USD 1,833.8 Million by 2028 - The Global Baby Monitor sector has evolved as a result of the rise of the worldwide electronics sector and the introduction of technology
From the period of 2022 to 2028, the Global Baby Monitor Market is expected to reach USD 1,833.8 Million in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 5.2%.
The growing number of nuclear families and working parents have fuelled consumer uptake of the product. Furthermore, rising birth rates in countries such as Sweden, the United Kingdom, Russia, the Czech Republic, and Spain are likely to expand the market size of smart baby monitors in the future years. Growing concern about kid safety has encouraged working parents to acquire this type of equipment. Growth in the number of working mothers in countries such as the United States, China, and Canada is expected to be a key driver of the market. Furthermore, the fast adoption of cell phones has aided the industry's growth by allowing parents to monitor their children from any location.
Consumers in developing nations such as Brazil, India, Thailand, and China are expected to spend more on children's safety as their purchasing power rises. The expansion of e-commerce has propelled the growth of the Smart baby monitors market by offering consumers all over the world simple access to the items. Moreover, a modification in China's one-child policy is predicted to increase the market size of smart baby monitors in the next years. Product innovation through the use of new technologies and IoT (Internet of things) is increasing product demand in both developed and developing countries. Consumers all over the world have been drawn to features such as portability, ease of installation, and WLAN connectivity.
Key Highlights from the Report
- On the basis of distribution channels, the market is segmented into Retail Stores, Supermarkets/Hypermarkets, E-Commerce, and Specialty Stores. The offline distribution channel accounted for a major share of the market for smart baby monitors. The increased presence of hypermarkets and supermarkets has bolstered the offline retail category globally. Prior to making any purchases, customers can expect personal assistance, easy returns, and tangible proof from the brick-and-mortar business.
- On the basis of Product Type, the market is segmented into Audio and Video. The audio and video segment accounted for a major share of the market for smart baby monitors. These smart baby monitors help to alleviate the tension and anxiety that parents have when they are apart from their children. The video camera enables parents to securely watch live footage of their child when away from home in order to monitor the baby's activities, nap, and feeding schedule. Temperature sensors, two-way audio, and automatic smartphone notifications are available on a wide range of audio and video smart baby monitors. Some of the leading manufacturers, such as Motorola, Inc. and iBaby Labs, Inc., provide products with lullabies to help youngsters sleep. Due to the above-mentioned benefits, consumers have favored audio and video products.
- Asia Pacific is the fastest regional segment in terms of growth. The Asia Pacific is expected to develop at the fastest rate in the next years. Increasing female labor-force involvement in countries such as China, Japan, Thailand, Indonesia, and India is likely to be a key driver of the market. Furthermore, the rapid adoption of technology among working parents, combined with increased consumer spending power, has fueled the demand for smart baby monitors in this region.
Some of the key players in the 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.
A Growing Number of Working Mothers
With the increasing age of urbanization, consumer lifestyles have changed, gender biases have been decreased, and women professionals have been encouraged to work in a variety of sectors based on their preferences. As a result, women's participation has steadily increased throughout the years. Women throughout the world devote a significant amount of their time to tasks that are not traditionally classified as economic pursuits. As a result, female labor-force participation tends to rise when the time cost of unpaid care work is lowered, shared equally with men, and/or made more compatible with market work. The increased engagement of women, notable mothers with newborn babies, has resulted in an increase in sales of monitoring devices such as baby monitors.
Investment Opportunities Created by the Introduction of a Zero-Radiation Baby Monitoring System
Baby monitoring systems are becoming increasingly important for new parents in the modern era. However, the usage of infant monitoring devices may pose significant risks to newborn newborns, such as developmental issues and cancer, because children receive about 60% more radiation from their surroundings than adults. As a result, market leaders such as Bebcare Baby Care., the world's lowest emission digital Baby Monitor provider, are developing unique products. Bebcare Infant Care offers a one-of-a-kind DSR (Digital Safe Radio) technology that is one of the industry's safest baby monitoring systems. Furthermore, when compared to other baby monitoring systems, Bebcare's DSR technology considerably reduces wireless radiation by nearly 90%. During the projected period, such unique technologies may provide favorable conditions in the worldwide Baby Monitor Market.
In the forecast period, North America dominated the market for smart baby monitors, accounting for a major share of total sales. Increased adoption of new baby goods is one of the primary factors driving market growth in the United States. Furthermore, this country's quick expansion of online retailing is positively boosting industry growth. The widespread availability of smart baby monitors in specialized and online retailers in the United States and Canada has fueled the market growth.
The Baby Monitor is segmented as follows:
Browse market data Tables and Figures
Pages and in-depth TOC on "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)"
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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