Advanced Baby Monitors Market Overview
Baby monitors are electronic devices that enable parents to track the movements and activities, along with listening to the sounds of their baby. Advanced baby monitors are often equipped with wifi connections, can track vital signs and sleeping patterns of the baby, can play lullabies, and have the audio as well as video function.According to a report published by Market Research Future (MRFR), the market has been assessed to record a substantial valuation, growing at a CAGR of 9.20% over the forecast period of 2020 to 2027.
This rising need for the monitoring the babies, the FDA and other standards including ATSM International F2951 Standard have outlined standard guidelines for manufacturing baby monitors. The demand for the safer baby monitors is driving growth of the global Advanced Baby Monitors Market. Additionally, advent of baby monitoring systems with advanced technologies in the systems is fueling growth of the advanced baby monitors market. The manufacturers of baby monitors are trying to invent newer monitor systems based on the guidelines suggested by these organizations are fueling growth of the global advanced baby monitors market.
Factors influencing the growth of the global advanced baby monitors market over the forecast period are the rising number of working parents, the safety concern of children due to modern houses, the increasing awareness about advanced baby monitors as well as the rise in disposable income which consequently raises the affordability factor.
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Advanced Baby Monitors Market Segmentation
The global advanced baby monitor market is segmented on the basis of product type, end-user, and region.
Based on the product, the market has been segmented into stationary type and wearable type. The stationary type segment has been assessed to hold the leading market share and is expected to reach a valuation of USD 1491.85 million by 2025, growing at a 9.09% CAGR. The wearable type segment has been assessed to grow at a higher CAGR of 9.61% and register a substantial market valuation over the forecast period.
Based on the wearable type, the market has been segmented into home care, day care, and others. The home care segment has been assessed to reach a valuation of USD 1660.94 million by 2025, growing at a CAGR of 9.39% through the forecast period.
Based on the region, the market has been segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
Advanced Baby Monitors Market Regional Analysis
Based on the region, the advanced baby monitors market is segmented into Europe, the Americas, Asia Pacific, the Middle East, and Africa.
Regionally, the Americas is estimated to dominate the global advanced baby monitors market due to acceptance of innovative and advanced baby products. The presence of technologically improved infrastructure favoring the adoption of advanced baby monitors in the region. The region accounted for 48% in 2017 and is estimated to expand at a CAGR of 9.42% during the forecast period. Europe accounted for second-leading share in the global advanced baby monitors market owing to presence of large number of working parents and trend of using e-commerce platforms. Baby monitoring systems plays a key role in children’s care especially among working parents and nuclear families. The region is estimated to expand at a CAGR of 9.31% CAGR during the assessment period to reach a valuation of USD 603.38 million by 2025.
Asia Pacific is estimated to expand at most lucrative CAGR of 9.54% over forecast period to grab third position in terms of revenue. This growth is attributable to the rising number of working mothers, increase in affordability, availability of products, and large population in the region. Additionally, changing lifestyle and acceptance toward new products are augmenting growth of the market.
Advanced Baby Monitors Market Players
- 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.)
- Others
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