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Baby Monitors Market Analysis | 2023-2028
Baby Monitors Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
Baby monitors are radio systems that are used by parents to distantly listen to the sounds in the baby’s room or made by the infant. Several baby monitors allow for a two-way communication, allowing the care person/parents to communicate with the baby.
The baby monitors market was estimated at USD 1.36 billion in 2022.
The baby monitors market is likely to reach USD 2.18 billion in 2028.
The baby monitors market is likely to grow at a CAGR of 8.25% during 2023-2028.
Angelcare Monitor Inc., Anker Technology (UK) Limited, Dorel Industries Inc., Hanwha Group, Koninklijke Philips N.V., Lenovo Group Limited, Panasonic Corporation, Samsung Corporation, Summer Infant (USA), Inc., and VTech Communications, Inc are among the key players in the market.
North America is expected to lead the market during the next five years.
Some of the major factors driving the growth of the market are the growing awareness regarding child safety among working parents, the increasing number of working women in countries, such as China, the USA, and Canada, and the rapid penetration of smartphones.