At 8% CAGR, Smart Baby Monitor Market Worth USD 1,815.31 Million by 2028

Smart Baby Monitor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Video Monitor Device and Audio Monitor Device), Sales Channel (Online and Offline), and Application (Home/Family, Hospitals, and Day Care), Geography

With the constant rise in the number of tech-savvy millennials, parents with the rapid change set huge priorities and expectations sharply different from previous generations. The growing adoption of digital health solutions for maternal and infant care is likely to boost the growth of the smart baby monitor market during the forecast period. Continuous technological advancements are making the life of working parents more flexible and accessible. The smart baby monitor manufacturers are focusing on designing applications to allow parents to monitor the babies' activities in real-time using their smartphones. As per the US Census Bureau data estimates, in July 2019, the millennial population of age 23-38 was ~72.1 million in the country. Thus, the increasing millennial population is creating a massive opportunity for the adoption of smart baby monitors worldwide.

Get Sample PDF Brochure at https://www.theinsightpartners.com/sample/TIPRE00010299?utm_source=OpenPR&utm_medium=10051

Vtech, Motorola Mobility LLC, Summer Infant, Angelcare, PAMPERS（P&G), Owlet Baby Care, Nanit, Babysense（Hisense), Philips, Dorel Industries, IBaby, Lorex, Samsung, Withings, Snuza, and Infant Optics are among the key players that are profiled during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global adaptive traffic control system market and its ecosystem.

North America led the market in 2020 as the region is characterized by the presence of well-developed countries such as Canada and the US, which favors the adoption and application of new technologies. Also, the presence of several market players further explains the increased penetration in this region. Positive outlook toward the increasing number of working parents is another driving factor for the market in the region.

Europe held the second-largest share of the global market in 2020. The growth of the market in Europe is attributed to its favorable government policies and positive outlook toward the adoption of new technology. Furthermore, the presence of large number of day-care centers and corporate childcare centers in Europe has paved the way for the smart baby monitor market to flourish in Europe. The third highest revenue generated region is APAC.

APAC includes various developing economies such as China, South Korea, India, and several South-eastern countries, along with developed economies such as Japan and Australia. Moreover, continuous rise in population and increase in income levels of the middle- and upper-class populations are the significant factors contributing to the baby monitor market growth in APAC. Meanwhile, government initiatives across Asia Pacific toward the development of smart cities in India, China, South Korea, Japan, and Singapore is another factor expected to create enormous opportunities for the smart baby monitor market players. The Middle East & Africa is anticipated to experience growth in smart baby monitor market with the highest CAGR, owing to government initiatives toward adoption of digital technologies.

Impact of COVID-19 Pandemic on Smart Baby Monitor Market

The COVID-19 pandemic has severely disrupted the supply chain and manufacturing of electronics equipment including the hardware components of smart baby monitors. The emergence of COVID-19 virus and subsequent lockdown scenarios led the industry experts to analyze that the industry would face at least a quarter of lag in electronics equipment supply chain. This disruption is expected to create tremors till mid-2021. The electronics equipment industry is picking up pace as governments across the world have lifted the various containment measures in order to revive the economy. The production of the electronics equipment is anticipated to gain pace from 2021, which is further foreseen to positively influence the electronics equipment manufacturing including hardware components of smart baby monitors.

Buy Complete Report at https://www.theinsightpartners.com/buy/TIPRE00010299?utm_source=OpenPR&utm_medium=10051

Contact Us :
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

This release was published on openPR.