Advanced Baby Monitors Market Scope

MRFR (Market Research Future)'s Advanced Baby Monitors Market size report has estimated the industry at USD 0.7 billion in 2022. According to projections, the market for advanced baby monitors could raise from USD 0.77 billion in 2023 to USD 1.7 billion by 2032, with a compound annual growth rate (CAGR) of 10.6% throughout the expected time frame (2023-2032).

Major Drivers and Deterrents

The Advanced Baby Monitors Market emerges as a beacon of technical innovation and parental peace of mind in the rapidly changing world of parenting and childcare. The need for advanced baby monitors has increased as modern parents want real-time insights into their infant's well-being. These innovative technologies, which include video streaming, vital sign monitoring, and smart connection, are revolutionising the paradigm of newborn care.

However, as opportunities multiply, limits emerge, such as privacy issues, price sensitivity, and the requirement for dependable network connections.

To flourish in this volatile environment, industry leaders must strike a balance between innovation and security, ensuring that the Advanced Baby Monitors Market continues to provide parents with cutting-edge childcare equipment while safeguarding the priceless moments of early parenting.

Segmental Analysis

Product and end-user are the top segments considered in the MRFR study of the global advanced baby monitors market.

Products analyzed in the MRFR report are wearable and stationary. The wearable technology has been garnering massive traction worldwide and is widely preferred over stationary products. Wearable baby monitors are portable, can be remotely used and the user wearing the product can constantly keep a tab on the baby.

End-users in the global industry are day care as well as home care. The homecare segment should procure the highest position in the global market, on account of the mounting demand for advanced baby monitors in these settings and the rising use among parents working from home.

Regional Study

The advanced baby monitors industry can be regionally divided into Asia Pacific/APAC, Europe, North America, along with RoW/the rest of the world.

North America is all set to take the lead in the global market during the analysis period and will witness commendable growth thanks to the high popularity of online platforms in the United States. Easy availability of the advanced baby monitors, particularly in specialized as well as online stores in Canada will also favor the regional market in the following years. Moreover, the expanding population of smartphone users that are generally time pressed due to hectic schedules should also benefit the North American market.

The Asia Pacific market is touted to experience the fastest growth over the coming years, as the sales of advanced baby monitors have been shooting up among the expanding urban population. Enhanced purchasing capacity of people in emerging countries like Thailand, China and India is letting parents expend more on their babies’ safety. Growth of the e-commerce sector has been favorable as well, as online platforms offer ranges of easily accessible products along with discounts. High birth rate across the region also raises the need for advanced products like baby monitors. In addition to this, surge in dual working families coupled with the soaring number of employment rate, especially among women, will favor the advanced baby monitors industry in the ensuing period.

Reputed Firms

Summer Infant, Inc. (U.S.), Safety 1st (U.S.), Mayborn Group (U.K.), Lorex Technology Inc. (Canada), Samsung Electronics Co. Ltd. (South Korea), The First Years, Inc. (U.S.), Snuza International (South Africa), Owlet Baby Care (U.S.), Graco Children's Products, Inc. (U.S.), Angelcare (Canada), Koninklijke Philips N.V. (Netherlands), MonDevices (U.S.), MOTOROLA HOME (U.S.), are the strong contenders profiled in the advanced baby monitors market overview report.

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