Baby Monitor Market 2020 | (Covid19) Impact Analysis | Growth, Revenue, Trends and Forecasts 2027

The baby monitor market size was valued at $1.2 billion in 2019, and is projected to reach $1.9 billion by 2027, growing at a CAGR of 5.4% from 2020 to 2027.The baby monitors are used to keep a watch on a baby as well as to connecting directly with the child through video whenever possible. They are used by the parents to keep update of baby's movement in their absence .Some customers use these monitors to hear the sounds from their baby's room, while some customers use them to keep watch on their children through video monitoring. Audio and video managers are used to keep watch on the babies and kids.

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The baby monitor industry haswitnessed a consistent growthin the past few years. Increase in the number of working parents, growth inawareness towardbaby safety, increase in disposable income, and improved online retailing are some of the major factors supplementing the growth of the industry. Currently, North America is the highest revenue-generating region,owing to higher per capita spending of parents towardbaby safety.The baby monitor market is in nascent stage in the emerging countries, such as India and China.However, it is expected to witness notable growth in the APAC region during the forecast period due to increase inawareness towardhigh-end baby care products coupled with rise innumber of nuclear families and employed parentsover the years.

Video monitors with advanced features, such as in-built lullabies, night vision, room temperature sensor, and motion sensors,are anticipated to witness greater adoption in the coming years due to innovative product launches and effective marketing strategies by the leading players. Several companies have launched smart baby monitors that comprise features such as heart-rate monitoring, temperature sensors, and others to increase customer base and gain competitive advantage. However, factors such as declining birth rate in several geographical regions and increasing popularity of other monitoring devices, such as I.P. cameras and CCTV cameras,hinder the growth of the market. Moreover, issues related to the hacking of internet-connected baby monitors is among the other major challenges for the market players.

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The global baby monitor market is segmented on the basis of product type, connectivity, distribution channel, and region. Deepening on product type, the market is categorized into audio and video. Among these, the video monitor segment accounted for a higher value share in 2019, owing to surge in demand for smart video monitors from the customers. On the basis of connectivity, the market is divided into wired and wireless. The wireless monitor accounted for a higher baby monitor market share in 2019, owing to the rise in demand for wireless smart monitors. On the basis of distribution channel, the baby monitors market is categorized into retail stores, supermarket/hyper market, specialty stores, and E-commerce. The retail stores segment witnessed the highest revenue of the baby monitors market in 2019, owing to rise in number of retail outlets in both urban and rural areas worldwide. Moreover, availability of different types of monitors in these retail stores is the major factor that boosts the growth of the baby monitors through retail stores.

The key players operating baby monitor industry report include Samsung Electronics Co. Ltd., Dorel Industries Inc., Angelcare Monitors Inc., LOREX Technology Inc., VT ech Holdings Ltd., Shen Zhen Foscam Intelligent Technology Co. Ltd, Summer Infant Inc., Koninklijke Philips N.V, Nest Lab. Inc., and Withings Inc.

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