The baby monitor market is projected to grow from $1,151.8 million in 2017 to $2,319.0 million by 2023, growing at a CAGR of 12.37% during the forecast period.
Arizton’s recent market research report on the baby monitor market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by product (audio only monitor, audio and video monitor, and movement monitor), connectivity (corded and cordless), distribution channels (retail and online), transmission (analog and digital), and geography (APAC, Europe, MEA, North America, and Latin America).
The prolific demand for interactive baby monitors from different countries in Europe and the US is driving the growth of the global baby monitor market. The introduction of smart baby monitors, increased availability of smart baby monitors, technological advancements, new innovative features, and strategic marketing activities will propel the demand for baby monitors during the forecast period.
The leading three drivers and trends driving the baby monitor market are discussed below:
Growing Awareness toward Sudden Unexpected Infant Death Syndrome
The increasing awareness about the sudden unexpected infant death (SUID) syndrome is fueling the demand for baby monitors in the global market. SUID has three categories: accidental suffocation, strangulation in the bed, and unknown causes as per the USCDC. The total number of SUID cases was 3,700 in the US in 2015. The growing awareness about SUIDs and SIDs is encouraging parents to invest in movement monitors and other smart baby monitors in the global market. Some of the movement monitors available in the global market also help in checking the baby’s oxygen level, temperature, and even emotions. Such diverse functionality will propel the demand for these devices in the baby monitor market.
Introduction of Smart Technology in Baby Care
Rapid innovation through technology and connected devices is promoting the use and integration of smart baby monitors in the global market. The proliferation of digital consumerism and the latest trend of smart parenting are driving the demand for baby monitors. Prominent vendors are introducing smart wearable technology and smart connected devices to meet the parent’s requirement to monitor and collect data about the baby’s health through these devices. The advancement in technology is helping players introduce baby motion monitors that have sensors and can detect the movement of babies in theirs cribs and sound an alarm if there is no movement for over 20 seconds. These monitors are designed to transmit sounds that enable parents to listen to breathing and crying of their babies from another location. The launch of such innovative products will propel the growth of the global baby monitor market during the forecast period.
High Demand for Movement Monitors
The growing demand for smart baby wearables and the rise in the number of dual-income households in emerging markets of APAC is augmenting the demand for movement monitors or motion-detection monitors in the global market. The growing popularity of baby monitors that measure the baby’s vitals is creating new investment opportunities for vendors in the global baby monitor market. The launch of new products wearable monitors and diaper attachment portable movement monitors will help players in the global baby monitor market gain a larger market share and attract new consumers over the next few years.
Dorel, Flir Lorex, Mattel, Motorola, Philips, Samsung, and Summer Infant are the leading vendors in the baby monitor market.
The complete overview of the latest market research report on baby monitor market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
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