The movement monitor is the fastest growing segment in the baby monitors market growing at a CAGR of 15.18% during the 2017-2023.
Arizton’s recent market research report on the baby monitors market identifies Dorel, Flir Lorex, Mattel, Motorola, Philips, Samsung, and Summer Infant as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation 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 baby monitors market is expected to grow from $1,151.8 million in 2017 to $2,319.0 million by 2023. The market is projected to grow at a CAGR of 12.37% during the forecast period.
The baby monitors market is divided into five major segments that include product, connectivity, transmission, distribution channels, and geography. Three segments are briefly discussed below:
North America to occupy the largest market share in baby monitor market during the forecast period
The baby monitosr market by geography is divided into five regions: APAC, Europe, MEA, North America, and Latin America.
North America dominated the baby monitors market, occupying close to 38% of the total market share and is expected to generate revenues of about $778 million during the forecast period.
The popularity of smart baby monitors and the introduction of smart movement monitors are driving the growth of the baby monitors market in North America. Vendors are introducing user-friedly, reliable, ease of installation, and connected monitors to attract a larger consumer base and gain a large market share in the baby monitors market in North America.
Movement monitors are fastest growing product segment in baby monitors market during the forecast period
In terms of product, the baby monitors market is categorized into audio only monitor, audio and video monitor, and movement monitor segments. The movement monitor is the fastest growing segment in the baby monitors market growing at a CAGR of 15.18% during the forecast period. The baby movement monitor is further divdied into under-the-mattress, diaper attachment, smart wearables, and other formats. These monitors offer features of motion-detection or movement sensing that is gaining immense popularity in the global baby monitor market. Baby movement monitors are used by hospitals to keep track of weak and premature babies or infants who are facing difficulty in breathing. Vendors are offering additional features such as temperature monitoring, oxygen level monitoring, and ECG monitoring to attract consumers and boost the sale revenues of baby movement monitors during the forecast period.
Cordless connectivity segment to dominate the baby monitors market during the forecast period
The baby monitors market by connectivity is segmented into corded and cordless monitors. The cordless monitor segment dominated the global baby monitors segment occupying close to 93% of the total market share in 2017 and is expected to generate revenue of about $2,299 million during the forecast period. Factors such as ease of portability and connectivity are driving the growth of the cordless segment in the global baby monitors market. The cordless baby monitors tracks, transmits, stores data patterns and have alter systems that send audible alarms and notifications to smartphones. Such advantages offered by cordless monitors will propel the growth of the global baby monitors market.
Other prominent vendors in the baby monitors market are BabyPing, Dropcam (Nestlab), Foscam, Graco, VTech, WiFi Baby, and Withings.
The complete overview of the latest market research report on the baby monitors 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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