Next Generation Baby Monitor Market 2019: Top Players- Samsung Electronics, Dorel Industries Inc.

The global Next Generation Baby Monitor Market was valued at USD 600.2 million in 2018 and is expected to reach USD 1,303.1 million in 2026, growing at a CAGR of 9.5% during the forecast period. Growing trend of nuclear families and increasing population of tech-savvy parents are expected to drive the growth of the next generation baby monitor market.

Next generation baby monitors are audio or video tracking devices which records baby’s activities and movements which can be monitored by the parents remotely. These devices are can be operated wired or wirelessly. The baby monitors are connected to the phones via Bluetooth or the internet and it also sends alert messages to the connected smartphone wherever some problems are detected.

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According to the World Health Organization (WHO), in 2017, around 27 deaths per 1,000 deaths under the age of five in the United States was recorded. Also, 23 infant deaths per 1,000 deaths and 15 neonatal deaths in every 1000 deaths were recorded across the region. This has increased the adoption of baby monitors among tech-savvy parents to track the baby’s activity remotely. The growing popularity of consumer health is contributing to the growth of this market to some extent. The increasing trend of artificial intelligence, nuclear families and adoption for nanny series is likely to boost the growth of next generation baby monitors market. However, data security, safety concerns, and the declining birth rate are likely to hamper the growth of next generation baby monitors market throughout the forecast period.

Key Findings:

Based on product, the audio next generation baby monitor segment is expected to dominate the market with nearly 62% share in the global next generation baby monitor market in 2018
Based on mode of connection, the wireless next generation baby monitors segment registers fastest growing CAGR in the market during the forecast period.
North America accounted for nearly 36% share of the global next generation baby monitor market in 2018
Recent News:

In Feb 2019, BT has launched the UK’s first voice-controlled Smart Baby Monitor, connecting with both Alexa and Google Assistant.
In Jan 2019, Motorola brings baby monitoring to CES 2019 with Hubble.
In Feb 2018, VTech Communications, Inc. announced the addition of six new baby monitors to its baby care product line.

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