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  • Baby Monitors Market Growth Analysis | 2023-2028

    Baby Monitors Market Growth Analysis | 2023-2028

    Baby Monitors Market Growth Analysis | 2023-2028
    Report code - SRCG174 Delivery - 2 Weeks
    Baby Monitors Market Size, Share, Trend, Forecast, & Growth Analysis – 2023-2028 See more...

    Market Insights

    The baby monitors market was estimated at USD 1.36 billion in 2022 and is likely to grow at a CAGR of 8.25% during 2023-2028 to reach USD 2.18 billion in 2028.

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    What are baby monitors?

    Baby monitors are radio systems that are used by parents to 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.

    Baby Monitors Market Highlights

    Market Size in 2022

    USD 1.36 billion

    Market Size in 2028

    USD 2.18 billion

    Market Growth (2023-2028)

    8.25% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the major baby monitor manufacturers are-

    • 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.
    • VTech Communications, Inc.

    Market Dynamics

    The major factors driving the growth of the baby monitors 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.
    • The rapid penetration of smartphones.

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    Segment Analysis

    By Product Type

    Based on the product type, the market is segmented as audio baby monitor, video baby monitor, and motion sensor baby monitor. Video baby monitors dominate the market due to the benefits offered by them, such as real-time video and audio transmission, heart rate monitoring, and temperature sensing.

    Regional Insights

    In terms of regions, North America is estimated to lead the market during the forecast period, driven by the growing trend of nuclear families, increasing spending capability of people, and the increasing awareness about the advantages offered by using such devices.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Product Type

    • Audio Baby Monitor
    • Video Baby Monitor
    • Motion Sensor Baby Monitor

    By Mode of Communication Type

    • Wired
    • Wireless/Wi-Fi

    By Distribution Channel Type

    • Offline Retail Channels
    • Online Retail Channels

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Baby-Monitors-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Baby Monitors Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by mode of communication type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Baby monitors are radio systems that are used by parents to distantly listen to the sounds in the babys 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 expected to witness an impressive growth of 8.25% CAGR in the foreseeable future.

    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.