Overview and Scope
Baby monitoring devices are electronic gadgets that combine a one-way/two-way radio or video transmission via the internet with a portable receiver to listen to or see an unsupervised infant. The baby monitor is made up of a transmitter device with a microphone and a camera that is positioned near the child. It sends the noises and images to a receiver unit equipped with a speaker and a display screen that is carried by or near the person caring for the newborn.
Sizing and Forecast
The baby monitoring devices market size has grown strongly in recent years. It will grow from $4.48 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to economic growth and affordability, rise in nuclear families, integration of health monitoring, urbanization and limited living spaces, changing work dynamics..
The baby monitoring devices market size is expected to see rapid growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to security and privacy features, customization and personalization, stress and anxiety reduction for parents, healthcare awareness and early detection, rising disposable income.. Major trends in the forecast period include parental concerns for child safety, rise in working parents, urbanization and smaller living spaces, health monitoring and wellness, connectivity and smart home integration..
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Segmentation & Regional Insights
The baby monitoring devices market covered in this report is segmented –
1) Baby Monitoring Devices Market By Type: Internet Baby Monitor, Video Baby Monitor, Audio Baby Monitor
2) Baby Monitoring Devices Market By Mode Of Connection: Wired, Wireless
3) Baby Monitoring Devices Market By Application: Hospitals, Family, Other Applications
Top Major Players
Dorel Industries Inc.
Samsung Electronics Co. Ltd.
Angelcare Monitors Inc.
Motorola Solutions Inc.
iBaby Labs Inc.
Asia-Pacific was the largest region in the baby monitoring devices market in 2023. The regions covered in the baby monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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 2022. Therefore, the rising number of working women is driving the growth of the baby monitoring device market.
Key Industry Players
Major companies operating in the baby monitoring devices market report are Dorel Industries Inc., Samsung Electronics Co. Ltd., Angelcare Monitors Inc., Motorola Solutions Inc., iBaby Labs Inc., VTech Holdings Limited, Lorex Technology Inc., Summer Infant Inc., Nanit Inc., Owlet Baby Care Inc., Respisense, Safetosleep, Evoz Pharmaceutical Private Limited, Anker Innovations Technology Co. Ltd., Miku Inc., Infant Optics, MOBI Technologies Inc., Panasonic Corporation, Levana Infotech Pvt. Ltd., Baby Delight Inc., Invidyo LLC, FLIR Systems Inc., The Procter & Gamble Company, Snuza Inc., Foscam LLC, Hanwha Techwin Co. Ltd., The Holding Angelcare Inc., Hisense Electrical Co. Ltd., Mayborn Group Limited, Arlo Technologies Inc.
The baby monitoring devices market report table of contents includes:
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
…..
32. Global Baby Monitoring Devices Market Competitive Benchmarking
33. Global Baby Monitoring Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Baby Monitoring Devices Market
35. Baby Monitoring Devices Market Future Outlook and Potential Analysis
36. Appendix
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