The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Wireless Baby Monitors market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Wireless Baby Monitors
The report offers actionable and valuable market insights of Wireless Baby Monitors. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Wireless Baby Monitors Market across various industries and regions.
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The baby monitor market is estimated at USD 567 Million in 2022 and is projected to reach USD 1,264 Million by 2032, growing at a CAGR of 8.3% from 2022 to 2032.
|Base Year Value (2021A)||USD 529 Million|
|Estimated Year Value (2022E)||USD 567 Million|
|Projected Year Value (2032F)||USD 1,264 Million|
|Value CAGR (2022-2032)||8.3%|
This newly published and insightful report sheds light on Market Insights of Wireless Baby Monitors, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Wireless Baby Monitors Market.
According to Fact.MR, the global market for baby monitors is expected to witness high demand in the coming years. The global baby monitors market, as foreseen by Fact.MR, is expected to grow at a volume CAGR of 7.8% during the period of forecast, 2017-2026. The sale of baby monitors is estimated to touch a valuation of around US$ 1200 Mn by the end of the year of assessment (2026). This growth can be attributed to increasing awareness regarding baby safety, increased per capita expenditure on baby care accessories owing to growing GDP per capita across regions and developments in baby monitoring devices.
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With increasing focus on child care and baby safety coupled with an increase in working population across the globe, child and baby monitoring has become a topic of prime importance. With this several players have been involved in developing advanced baby care accessories and products with a view to extend their capabilities in child care. Baby monitors, a crucial development, assists parents to monitor movements of their child closely, and these products are to gain significant importance in the years to follow.
Several baby monitoring devices have been developed, for instance, baby audio monitors, video screening and movement monitors, that support either wired or wireless, enabling parents to observe their baby movements. Key manufacturers involved in the manufacturing of baby monitoring include Fisher Price, Safety 1st, Graco, Motorola, Inc., Summer Infant, Inc., VTech, Sony Corporation, Platinum Angelcare, Samsung Electronics Co. Ltd., and Koninklijke Philips N.V.
Few Key Highlights on Global Baby Monitors Market
- North America region is more lucrative for baby monitors market owing to increasing sales of baby monitors in this region. The growing percentage of working population in the region, especially in United States, couple with increasing GDP per capita of the region, is expected to aid the sales of baby monitors. Baby monitors market in North America is projected to expand at a high value CAGR of 9.5% during the period of forecast
- Video monitoring is expected to gain high steam during the assessment period. The growth of this segment is accompanied by the growth of IoT (Internet of Things), with which parents are able to observe every movement of babies on their devices (smartphones, tablets or laptops). Video monitors segment in the product type category is expected to largely contribute to the growth of the global baby monitor market in the coming years
- Sale of wired baby monitors was observed to grow immensely since past years. This trend is expected to continue in the coming years. The sale of wired baby monitors is expected to surpass US$ 890 Mn by end of assessment year. However, wireless baby monitors are also gaining significant traction, the demand for which is projected to rise at an exponential rate during the period of forecast
- Modern trade is poised to lead the global market for baby monitors with respect to sales channel. The sale of baby monitors is anticipated to cross US$ 300 Mn via modern trade segment. Also, contributing to the growth of the global market, online stores are gaining high steam and tis segment is projected to expand at a robust rate throughout the period of forecast
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Fact.MR, in its new report, offers an unbiased Market Analysis of Wireless Baby Monitors, Sales and Demand of Wireless Baby Monitors, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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