The Growing Demand for Baby Monitors: An Analysis of the Market

Business

According to Fact.MR, the market for baby monitors is projected to grow at a CAGR of 8.3% over the forecast period. A baby monitor can offer a variety of features, including audio, video, and sensors, depending on the model available on the market. The rise in the number of working families and the increasing number of dual-wage earners is one of the major factors driving the market for baby monitors. Technological inventions, as well as a continuing increase in the number and quality of baby monitors, is expected to continue to drive the market in the future.

In addition to that, the use of motion and sound sensors in baby monitors is also one of the strengthening factors for the growth of this market, resulting from the latest technological innovations applied to them. As smartphones become more popular among consumers, consumers are becoming more interested in using these devices to monitor their babies through apps connected via Wi-Fi to their smartphones.

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Key Players Profiled 

  • 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

Key Takeaways from Market Study

  • The global baby monitor market is forecast to grow at a CAGR of 8.3% through 2032.
  • According to the forecast, the European region will hold the largest revenue opportunity, which could exceed US$ 4.7 billion in the forecast period.
  • The baby care products market in India is estimated to to reach at US$ 46 million during the period of 2022.
  • By 2022, more than 40% of sales will be generated through company-owned websites and e-commerce channels.
  • The market for U.S. baby monitors demand is estimated to be valued at USD 220 Millionby 2022 end.

“A growing market for video baby monitors and health trackers is expected to grow baby monitor sales in the next few years,” says a Fact.MR analyst.

Market Competition

Baby monitor manufacturers are striving to provide consumers with innovative products to meet the needs of their changing lifestyles. Several manufacturers are partnering with reputable brands to launch new products and reach out to a broader audience. For instance,

  • A potential high-emission baby monitor can be avoided with the Bebcare Hear Digital Ultra-low Emissions Audio Baby Monitor. Additionally, the Hear provides several safety features, such as an optional sensor that monitors your child’s breathing at night and a temperature display that ensures that the nursery is maintained at an optimal temperature. Moreover, the Hear offers a standby time of 70 hours on one charge, allowing consumers to use it for several days without having to recharge it. To gently illuminate the nursery at night, the device projects a starry night light.

VAVA has introduced a new 720P Video Baby Monitor that has a little more personality. The monitor is now available in calming colors of white, pink, blue, and green to match the nursery environment. New parents appreciate baby monitors because they enable them to monitor their children while sleeping in the room. VAVA’s baby monitor features a large 5″ HD display that lets parents watch their child for health issues or sleep disruptions. Additionally, the two-way talk system allows parents to hear their children cry or need attention when they are crying

Innovations in Technology will lead to growth in the Smart Baby Monitor Market

As technological advancements and product innovations continue, monitoring systems are becoming more sophisticated in the market. Growing demand for baby monitors that are AI-powered and feature sensors and inbuilt cameras is expected to grow the market for these monitors in the future. As a result of the features such as monitoring a baby’s sleep, breathing, and room temperature and records, coupled with wireless connectivity, monitoring systems are expected to continue to grow.

Baby Monitor Market Demand For Baby Monitor Global Baby Monitor Market Sales of Baby Monitor smart baby monitors

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