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Base Year
Historical Year
Forecast Year
Global Baby Monitors Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 10.3% |
CAGR 2024-2032 - Market by Region | Europe | 11.1% |
CAGR 2024-2032 - Market by Country | UK | 11.9% |
CAGR 2024-2032 - Market by Country | USA | 11.7% |
CAGR 2024-2032 - Market by Product Type | Audio | 11.5% |
CAGR 2024-2032 - Market by Distribution Channel | Online | 13.9% |
Market Share by Country 2023 | Japan | 4.3% |
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Growing Population of Working Families to Invigorate the Market Growth of Baby Monitors
The rising market for baby monitors can be attributed to the growing numbers of working parents and nuclear families across the world. As income levels rise, the willingness to spend on comfort also rises, which is propelling the market growth. A baby monitor equipped with audio and video allows parents to keep a real-time check on their babies in the presence of nannies or at day-care centres to monitor child’s safety. Thus, as the concerns about child safety rise, baby monitors are witnessing a healthy adoption. Moreover, with the outbreak of the coronavirus pandemic in 2020, healthcare professionals are increasingly deploying baby monitors to remotely monitor infants while limiting exposure, which is further fuelling the baby monitors demand growth. In addition, as installing a baby monitor can help parents have quality sleep without worrying about the baby, the demand for baby monitors is further being propelled forward. The remote access provided by the product through wireless connectivity enables parents to remotely keep an eye on their child, while simultaneously doing other chores. This factor is additionally catalysing the adoption of the product and propelling the baby monitors market growth.
Smart home integration, improved video and audio quality and advanced sensors are a few factors pushing the baby monitors market dynamics and trends.
June 2024
Ellie introduced the first non-WiFi baby monitor along with a set of comprehensive AI driven features. A closed-circuit network is being used to operate the dedicated screen and the camera. It also has a cover face alert feature.
Smart Home Integration
A significant trend in the baby monitors market is the smart home system integration that enables the parents to control and monitor the baby monitor through their respective smartphones or any voice assistant. Bringing that much accessibility to live video feed process on multiple connected devices.
Improved Video and Audio Quality
Demand for the baby monitor is on the rise, and so is the demand for high-definition video and excellent audio. Advanced features are put in place as standard, including night vision, two-way communication, and high-resolution displays that afford parents better visuals and better sounds to help in their monitoring.
Advanced Sensors
Many modern baby monitors are now adding features such as temperature sensors, heart rate tracking, and even sleep analysis for health monitoring. These will offer in-depth insight into a baby's well-being in order to ensure a safer and more comfortable environment for the baby, thus opening up several baby monitors market opportunities.
Technological Advancements in Baby Monitoring Systems to Surge the Market Growth
The rising technological advancements owing to the development of the global electronic industry are aiding the market growth of baby monitors. The rising introduction of baby monitors equipped with features like sleep tracking, temperature monitoring, and real-time notifications are also adding to the industry growth. The rising development and adoption of wireless video monitors that allow parents to remotely view their child’s activities are anticipated to drive the industry growth in the forecast period. Further, the rising demand for video monitors equipped with two-way audio features and night cameras, among other features, is further expected to drive baby monitors industry growth in the coming years. In addition, industry leaders are constantly trying to improve the technology with innovations in artificial intelligence (AI) that allow the recording of infants’ faces, sounds, and movements, along with saving them from injury, hence, propelling the market growth. Moreover, new innovations like zero-radiation baby monitoring systems, which significantly reduce wireless radiation, are further projected to catalyse the market growth.
In 2022, birth rates varied significantly across different countries, reflecting diverse demographic trends, affecting the baby monitors market directly. Leading in crude birth rates with 37 births per 1,000 people, Nigeria's population is growing fast. This is followed by South Africa, with 19, and Saudi Arabia, with 17—both showing relatively high birth rates compared to other countries in their respective regions. India and Indonesia are both at 16, which illustrate strong population growth in the countries with larger and youthful populations.
For 1000 people, moderate birth rates in American countries like the United States (11), Brazil (13), Mexico (15), and Argentina (14) show that countries have struck a balance between population growth and ageing demographics. The United Kingdom and United Arab Emirates shared the same birth rate at 10, with France too competing with the United States in birth rate at 11, showing the same trend of its demography. According to the OECD, the increase in per capita healthcare spending has fueled the baby monitors sector within the healthcare industry. This is also a key trend of the baby monitors market and will spur demand in the coming years.
The United States is at the forefront, with a whopping spending of USD 12,555.3 per capita, far outweighing the developed world. That comes in expensive treatment, costly medicine, and executive administrative services in the U.S. Switzerland is committed to its people, committed health care, though the cost per capita is at USD 8,049.1. Close competitors include Germany, which recorded USD 8,010.9, and Norway, which recorded USD 7,771.2 per capita. These offer solid healthcare systems with heavy insurance schemes, through which the big contribution is done. For instance, Norway records a health expenditure amounting to USD 7,771.2 per capita, which mirrors a well-funded healthcare system with the focal point being the accessibility of quality medical services. Austria was next, at a collective spend of USD 7,275.4 per capita, signifying to continue the high-quality health system via a blend of public and private insurance schemes. Latter two Netherlands and France claim their spending to be at USD 6,729.1, an USD 6,629.6 per capita - all these speaking of their leaning towards full coverage health care system and robust social welfare. By comparison, health spending per capita in Italy and Mexico is much less: USD 4,290.7 and USD 1,181.0, respectively, having a direct impact on the baby monitors market.
Italy's relatively low spending can be attributed to its public health care system. Since this system tries to offer most of the essential health services at much lower costs, another is Mexico, with USD 893.6, an expenditure that reflects the condition of developing country with a few resources being directed to health care by the nation, the countries like Japan and the Korea where per capita spending is relatively low manage to keep the effective healthcare system in place. Compared to the Western Nations.
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“Global Baby Monitors Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
On the basis of product type, the market can be divided into:
Based on the mode of communication, the market can be categorised into:
On the basis of distribution channel, the market can be segmented into:
Market Breakup by Region
Video Segment Is To Spur Demand In The Market Due To The Increasing Consumer Demand For Monitoring Solutions
As per baby monitors market analysis, the video segment is expected to capture the largest share in the market. The segment growth is attributed to the consumer demand for all-around monitoring solutions with high-definition visuals along with real-time streaming, which also includes night vision and two-way audio advanced functionalities. Video monitors are preferred by parents over audio-only or motion sensor models, as they provide a better and enhanced feeling of security. Due to the increasing advancements in technology and decreasing prices, video baby monitors have become increasingly affordable and popular in the market.
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The baby monitors industry in North America is likely to amass much traction in the forecast period. This can be attributed to high consumer expenditure in the premium and technologically advanced category of baby care products, increasing adoption of smart home technology, and growing concern about child safety and convenience. North American consumers are dominated by consumer needs with regard to high-definition video, smart connectivity, health monitoring, and more. Besides, there is strong market presence and innovation from regional key industry players that rounds up this region to emerge as the leading area for the growth of the baby monitors sector.
CAGR 2024-2032 - Market by | Country |
UK | 11.9% |
USA | 11.7% |
India | 11.2% |
China | 10.2% |
Italy | 9.1% |
Canada | XX% |
Germany | XX% |
France | XX% |
Japan | XX% |
Australia | 8.2% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Competitive players in the baby monitors market design new features, such as high-definition video, smart connectivity, and real-time monitoring, to offer added safety and convenience to the parents.
Levana, founded in 2001 and headquartered in Rochester, New York, provides HD video baby monitors, two-way audio facilities, and advanced monitoring features that will enable the parents to know their child's needs better and enhance interaction and safety.
Samsung Electronics Co., Ltd., founded in 1969 and headquartered in Suwon, South Korea, offers baby monitors with smart connectivity, including high-definition video capability and integration with other Samsung smart home devices for seamless monitoring.
Hanwha Group, established in 1952 and is based in Seoul, South Korea, provides baby monitors with advanced surveillance technology, such as high-resolution video, owing to the company's expertise in security and imaging solution services.
Other key players in the baby monitors market report include Panasonic Corporation, and Koninklijke Philips N.V., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global baby monitors market is projected to grow at a CAGR of 10.3% in the forecast period of 2024-2032.
The growing concerns about child safety among parents, along with the rising disposable incomes of consumers, are aiding the market growth for baby monitors.
The growing technological advancements like the inclusion of wireless connectivity and video monitoring are propelling the industry's growth.
The major regional markets for baby monitors are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The major types of products in the industry are audio, video, and motion sensors.
The market on the basis of mode of communication is segmented into wired and wireless/Wi-Fi.
The significant distribution channels of baby monitors are offline and online.
The major players in the industry are Levana, Samsung Electronics Co., Ltd., Hanwha Group, Panasonic Corporation, and Koninklijke Philips N.V., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Mode of Communication |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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