Baby Monitors Market Analysis | 2023-2028

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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Market Dynamics

Introduction

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 two-way communication, allowing the care person/parents to communicate with the baby.

Market Drivers

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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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.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

Based on the product type, the market is segmented as audio baby monitors, video baby monitors, and motion sensor baby monitors. Video baby monitors dominate the market due to the benefits offered to 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, the increasing spending capability of people, and the increasing awareness about the advantages offered by using such devices.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s baby monitors market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The baby monitors 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)

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 [email protected].