Baby Monitor Market Share 2022: Global Trends, Key Players, Industry Analysis and Forecast to 2028

The global baby monitor market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022- 2028).

A baby monitor is an electronic device that enables a person to see or hear a child who is in another room. The baby monitors are used to keep a watch on a baby as well as to connect directly with the child through video whenever possible. They are used by the parents to keep updated on the baby's movement in their absence. With the increase in consumer preference for wireless monitors, owing to ease of communication and simple design compared to the conventional cameras.

Additionally, the surge in disposable income, improvement in living standards, and rise in the baby care expenditure are some of the driving factors for the growth of the global baby monitor market. The rise in the demand for surveillance in the baby's room, the availability of the latest technologies such as smart monitors and temperature sensors monitors, and an increase in the working population are further accelerating the growth of the market. However, the high cost of the cameras is the restraining factor for the growth of the market.

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Some major players in the market include Lenovo Group Ltd., VTech Communications Inc., and Panasonic Holdings Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2022, Vtech Holdings Ltd. launched its new baby monitor which is known as LeapFrog Baby Monitors. These premium baby monitors will offer sought-after features such as adaptive, dimmable night light, high-definition video, high-definition color LCD screens, color night vision, and a 360-degree pan and tilt camera with zoom. Additionally, in 2020, Infant Optics which is a well-established firm that manufactures baby monitors has launched its new product which is DXR-8 PRO. The entity claims that the new DXR-8 PRO monitor delivers high-quality video and audio capabilities and an improved range in its compact, sleek design.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Mode of Communication
o By Distribution Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Lenovo Group Ltd., VTech Communications Inc., and Panasonic Holdings Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Baby Monitor Market Report by Segment

By Product Type
• Audio
• Video
• Motion Sensor

By Mode of Communication
• Wired
• Wireless/Wi-Fi

By Distribution Channel
• Online Retail Stores
• Hypermarkets/Supermarkets
• Specialty Stores
• Other Retail Shops

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.