Baby Monitors Market -analysis, Demand and forecast

Posted June 1, 2020 by ReshuGupta

Baby Monitors Market is expected to register a CAGR of 9.20% to reach USD 1880.57 million till 2025

In recent years due to the adoption of new technologies and increase in number working parents led to the widening of advanced baby monitors market. The global market for such products is estimated to reach just above 09% annual growth rate. Growing concern about child’s security and health, when parents are out for work is the primary factor for fueling the market shares. Portability of these gadgets and easy availability through various portals is also an important factor supporting the global market for advanced baby monitors.

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Dependent children need continuous attention and care, which is supported and managed by these types of equipment. As the technology advanced, wired monitors carrying a danger of entanglement have been replaced by wireless monitors keeping the safety at the foremost level. For parents who need full-time monitoring, companies are trying to provide them with the best alternatives; such features have provided the essential push to monitors market. With growing awareness and consciousness about the children, not only households but also the daycare centres have adopted this monitoring facility helping the working parents to feel confident about their safety.

The global market for advanced baby monitors has shown growth like never before, as new features are added regularly enhancing the childcare sector and making them an essential commodity. For attracting customers, continuous research & development programs are required based on market and individual surveys. Market surveys will provide a clear image about ongoing technologies, and individual reviews will help in gaining an insight into the demands by parents for new features required.

Market Segmentation

The global baby monitors market is studied by Market Research Future (MRFR) for different types of products and the end-users of these advanced baby monitors. Different types of baby monitors included in the extensive study are stationary baby monitors and wearable baby monitors. At the beginning of the forecast period, the stationary baby monitors held 80% of the share in the global advanced baby monitors market. The demand and adoption of stationary baby monitors are anticipated to register a 9.09% CAGR and cross the revenue valuation of USD 1491.85 million by the end of 2025. On the other hand, the wearable baby monitors are also exhibiting a high level of demand, witnessing a 9.61% CAGR through the forecast period.

Advanced baby monitors are highly used for home care and daycare. In the base year, around 87% of total baby monitors were used for home care and are anticipated to scale valuation of USD 1660.94 million by the end of the assessment period. The adoption of baby monitors for home care is likely to upscale at 9.39% by 2025.

Detailed Regional Analysis

The global advanced baby monitors market is regionally segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas are expected to yield the highest percentage of total revenue in the global advanced baby monitors market over the forecast period. The region also dominated the market at the beginning of the forecast period, accounting for 48% of the total share. Also, the presence of various market giants in the region is likely to push exponential growth to the regional market, upscaling it at 9.42% CAGR by 2025.

Europe is expected to reach a market valuation of USD 603.38 million by the end of the review period, with a 9.31% CAGR through the forecast period. Fast-Paced growth in the e-commerce industry of the region is likely to drive the regional market for advanced baby monitors.

Asia Pacific is projected to showcase the most accelerated growth rate during the assessment period and is likely to exhibit a 9.54% CAGR by 2025. Attributable factors include the fast-paced economic growth in India and China and a rising disposable income, along with proliferated growth in the literacy rate.

Key Players

The global advanced baby monitors market is highly influenced by the strategies undertaken by various market vendors. These market vendors include Angelcare (Canada), The First Years, Inc. (U.S.), Mayborn Group (U.K.), Samsung Electronics Co. Ltd. (South Korea), Lorex Technology Inc. (Canada), Summer Infant, Inc. (U.S.), MonDevices (U.S.), Snuza International (South Africa), Owlet Baby Care (U.S.), MOTOROLA HOME (U.S.), Graco Children's Products, Inc. (U.S.), Safety 1st (U.S.), and Koninklijke Philips N.V. (Netherlands).

Industry Update

February 2019: BT recently announced the launch of Smart Baby Monitor, which is the UK’s first voice-controlled smart baby monitor, which can be controlled using Alexa and Google Assistant.

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Issued By reshu
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Tags advanced baby monitors market , baby monitors market , baby monitors market size
Last Updated June 1, 2020