Market Overview
The advanced baby monitors are used to monitor the newborn baby’s movements, Certain vital body functions like movements, breathing, etc. are all also monitored. These monitors are wireless devices and work efficiently on WIFI networks. These monitors include monitoring both the baby unit and the parent unit. Many families are nuclear families today, and both of the parents are employed. So the concern regarding the baby’s health forces them to adopt the advanced baby monitors. Apart from this factor, the availability of advanced baby monitors on the online platform also boosts the market. However, the cost of these advanced baby monitors is very expensive and may hamper the market’s growth. When the effect of the pandemic situation COVID’19 is analyzed, even the advanced baby monitors market was affected very badly. The strict imposition of lockdown by respective governments restricted the movement of people. Most employed youth either lost their jobs or continued their duties by working from home. Now, the situation is coming under control; people are forced to join their duties. Hence, there is a chance of growth in the market.
Major Drivers and Deterrents
Escalating number of nuclear families as well as working parents has been a major reason behind the rising sales of advanced baby monitors market worldwide. Rapid surge in birth rates across Sweden, Russia, U.K., Spain, and Czech Republic also enhance the size of the global market. Advanced baby monitors help parents keep a tab on every activity of the baby, therefore, the soaring awareness about child safety encourages the preference for these products. Working mothers have risen in number, particularly in the U.S., Canada, and China, which is yet another growth rendering factor.
Technological advances backed by the extensive utilization of IoT (Internet of things) has boosted the appeal of advanced baby monitors across developed and developing nations alike. Features such as ease of installation, WLAN connection and portability are drawing the attention of consumers. This has prompted to vendors to adopt product customization as an effective method to widen their consumer base.
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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 players in the global market for advanced baby monitors.
Market Segmentation
The advanced baby monitors market can be segmented based on product, application, distribution channel, end-users, and geography. According to the product category, the market can be divided into wearable and stationary types. According to the distribution channel, the market can be divided into online and offline. According to the geography category, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world. The segments like research organizations, importers, exporters, industrial end-users, suppliers, and traders come under the application category. The segments like home care and daycare come under the end-users category.
Regional Classification
The global analysis related to superiority and dominance states that the North American segment in the geography category dominates the market due to affordability of the products by the residing population, increased awareness. The research organizations segment in the application category has the largest share in the market growth. Since the baby monitors are available on the online platform, the demand for the product made it dominate the market.
Industry News
The global analysis of the advanced baby monitors market states that the market is expected to reach 1880.57 million USD at a CAGR of 9.20% by the end of 2025. The increase of the youth population where both the parents are employed, affordability to bear the baby monitors, increased awareness of the technology in the developed countries is the main reason for the growth in the advanced baby monitors market. But in developing countries, even though the youth are concerned about their baby, non-affordability to bear the baby monitors cost hampers the market. Most of the population in developing countries are not aware of the new advancements achieved in the monitoring segment. So, focusing on these aspects will also boost the advanced baby monitors in developing countries.
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