The Baby Monitoring Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s comprehensive Baby Monitoring Devices Global Market Report for 2024, the market has exhibited robust growth recently, surging from $4.48 billion in 2023 to an anticipated $4.9 billion in 2024, boasting a notable Compound Annual Growth Rate (CAGR) of 9.3%. This momentum stems from various factors in the historical context, including economic expansion, increased affordability, the prevalence of nuclear families, the integration of health monitoring, urbanization, and the constraints of limited living spaces, coupled with evolving work dynamics.
Forecasts indicate an accelerated trajectory for the baby monitoring devices market, with an anticipated expansion to $7.18 billion by 2028, sustaining a commendable CAGR of 10.0%. This growth is expected to be fueled by the incorporation of advanced security and privacy features, heightened customization and personalization options, stress and anxiety alleviation for parents, enhanced healthcare awareness leading to early detection, and the rising disposable income among consumers. Noteworthy trends in this outlook encompass heightened parental concerns for child safety, a surge in the number of working parents, ongoing urbanization trends accompanied by a preference for smaller living spaces, a growing emphasis on health monitoring and wellness, and the increasing integration of connectivity and smart home solutions.
The rising number of working women is expected to propel the growth of the baby monitoring devices market going forward. Working women refer to employed women, who work and earn a salary, wages, or another kind of revenue through regular work outside the house. Employed mothers do not have enough time to care for their children while they are at work thus, a baby monitor is used to listen in on or keep an eye on the baby from a distance and sends notifications in the event of an emergency. For instance, according to a statistical report published by the Federal Reserve Economic Data (FRED), a US-based research division of the Federal Reserve Bank, women’s labor force participation in the United States was increased to 57.1% in August 2033. Therefore, the rising number of working women is driving the growth of the baby monitoring device market.
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The baby monitoring devices market covered in this report is segmented –
1) By Type: Internet Baby Monitor, Video Baby Monitor, Audio Baby Monitor
2) By Mode Of Connection: Wired, Wireless
3) By Application: Hospitals, Family, Other Applications
Top 5 Major Players:
- Dorel Industries Inc
- Samsung Electronics Co. Ltd
- Angelcare Monitors Inc
- Motorola Solutions Inc
- iBaby Labs Inc
A pivotal trend shaping the baby monitoring devices market landscape is the ascendancy of product innovation. Prominent companies within the sector are strategically focusing on the development of groundbreaking products to fortify their market positioning. An illustrative example of such innovation is observed in Masimo Corporation, a leading US-based medical technology firm. In August 2023, Masimo introduced the Stork smart home baby monitoring system in the United States, marking a significant milestone in the industry. This cutting-edge baby monitor system encompasses distinctive components, including Stork Vitals+ and Vitals. The Stork Vitals+ boasts a mobile app, a sensor-equipped boot, and a video camera, enhancing parent-child interaction through improved night vision and high-quality two-way audio capabilities.
Distinguished by the utilization of noninvasive hospital neonate monitoring technology, Stork stands out with features such as continuous health data tracking, a user-friendly parent-tested mobile app, secure and encrypted connectivity, and a 2K quad-high definition video. By introducing the Stork, Masimo extends to parents the technological advancements initially designed for the most critical patients within hospital settings. The device’s user interface mirrors the simplicity of a conventional smartphone app, enhancing accessibility for users. This noteworthy innovation exemplifies the ongoing commitment of companies to provide cutting-edge solutions that prioritize the well-being and convenience of parents in the evolving landscape of baby monitoring devices.
1. Executive Summary
2. Baby Monitoring Devices Market Characteristics
3. Baby Monitoring Devices Market Trends And Strategies
4. Baby Monitoring Devices Market – Macro Economic Scenario
5. Global Baby Monitoring Devices Market Size and Growth
…..
31. Global Baby Monitoring Devices Market Competitive Benchmarking
32. Global Baby Monitoring Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Baby Monitoring Devices Market
34. Baby Monitoring Devices Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Baby Monitoring Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Baby Monitoring Devices Market, Segmentation By Mode Of Connection, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Baby Monitoring Devices Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Dorel Industries Inc. Financial Performance
Table 75: Samsung Electronics Co. Ltd. Financial Performance
Table 76: Angelcare Monitors Inc. Financial Performance
Table 77: Motorola Solutions Inc. Financial Performance
Table 78: iBaby Labs Inc. Financial Performance
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