Global Baby Monitor Market : Introduction
The baby monitors are used to keep a watch on a baby as well as to connecting directly with the child through video whenever possible.
They are used by the parents to keep update of baby’s movement in their absence. Some customers use these monitors to hear the sounds from their baby’s room, while some customers use them to keep a watch on their children through video monitoring.
Audio and video managers are used to keep watch on the babies and kids.
The global baby monitor market is witnessing significant growth, owing to development of the global electronic industry and growth in digitalization.
In addition, rise in dual working families and increase in the number of working women are some of the major factors that drive the demand for baby monitor market.
However, high cost of the cameras especially in developing economies hampers the growth of the market.
Global Baby Monitor Market: Overview
The global baby monitor market was worth USD 1,603.78 Million in 2021 and is anticipated to register a CAGR of 5.23%, thereby reaching a valuation of USD 2537.47 Million by 2030.
Surge in consumer preference toward wireless monitors has been witnessed, due to ease of connection and simple design as compared to the conventional wired cameras.
Additional augment in disposable income, improvement in living standard, rise in baby care expenditure, and large-scale promotion of video surveillance to its benefits, such as real-time interaction with the kids thrive the growth of the video baby monitor products.
Increase in disposable income results in high standard of living. However, rise in the command for surveillance in baby’s rooms and increase in working population boost the market growth.
Moreover, the baby monitor market demand is also expected to rise amid the arrival of various latest technologies such as smart monitors and temperature sensors in the monitors.
Customers are looking for addition of smart technologies and easily interactive facilities in the monitors, which is expected to drive the growth of the baby monitor market.
All smart and AI powered monitors are more expensive than the conventional products. They also increase inventory cost of products to meet the needs of more smart features and AI enabled monitors; this increases the overall cost of production as well as the cost of the product.
Key Trends: Growth Determinants and Challenges:
Increasing Numbers of Working Mother
With the increasing age of urbanization, the lifestyles of the consumers have been altered, the gender biases have been reduced, which has also promoted the women professionals to work in different fields as per their choices. Due to this, the involvement of women has consistently increased over years. Women all over the world allocate a substantial amount of time to activities that are not generally recorded as economic activities. Hence, female participation in labour markets tends to increase when the time-cost of unpaid care work is reduced, shared equally with men or made more compatible with market work. The growing participation of women including mothers with new-born babies has led to the growth in sales of monitoring devices including baby monitors.
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Competitive Landscape:
- Withings Inc.
- VTech Holdings Limited
- Angelcare Monitor Inc
- Dorel Industries Inc.
- Koninklijke Philips N.V.
- Lorex Technology Inc.
- Nest Labs, Inc. (Alphabet Inc.)
- Samsung Electronics Co. Ltd.
- ShenZhen Foscam Intelligent Technology Co., Ltd.
- Summer Infant, Inc.
- Lenovo Group Limited
- Hanwha Group
- Panasonic Corporation
- Anker Technology Limited
Segmental Analysis of Global Baby Monitor Market:
Based on Product Type
- Audio Baby Monitor
- Video Baby Monitor
- Motion Sensor Baby Monitor
Based on Connectivity
- Wired
- Wireless or Wi-Fi
Based on Sales Channels
- E-Commerce
- Retail Stores
- Supermarkets or Hypermarkets
- Speciality Stores
Based on Region
- North America
- US
- Canada
- Mexico
- Europe
- Italy
- Spain
- France
- UK
- Germany
- Russia
- Asia-pacific
- China
- India
- South Korea
- Australia
- Japan
- Middle East and Africa
- UAE
- Saud Arabia
- South Africa
North America is dominating the global baby monitors market and is expected to continue this trend in the upcoming year. This growth is mainly due to the rising trend of nuclear families, increasing spending capacity of people, and a growing awareness of the advantages provided by these devices.
Major Developments:
In 2022, Vtech technologies launched its new baby monitor which is known as LeapFrog® Baby Monitors. These premium baby monitors will offer sought-after features such as adaptive, dimmable night light, high-definition video, high-definition color LCD screens, color night vision, and a 360-degree pan and tilt camera with zoom.
In 2021, Eufy Security which is a brand of Anker Innovation which is one of the leading and most trusted consumer electronics brands in America has launched Eufy SpaceView Pro.
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Major questions answered in the report:
- Which are the top profile companies that contribute in the growth of global baby monitors market?
- Which regional segments accounts for the largest revenue share in the global baby monitor market?
- What are the major trends, growth determinants and challenges in the global baby monitor market?
Key Takeaways from the report:
- Deep-regional insights of the report, coupled with other segmental analysis.
- Challenges, growth factors and trends.
- The global baby monitor market was worth USD 1,603.78 Million in 2021 and is anticipated to register a CAGR of 5.23%, thereby reaching a valuation of USD 2537.47 Million by 2030.
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