What are the Restraining Factors of Baby Monitors Market - Fact.MR Analysis

The baby monitor market is estimated at USD 567 Million in 2022 and is projected to reach USD 1,264 Million by 2032, growing at a CAGR of 8.3% from 2022 to 2032.

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The baby monitor market accounts for ~10% of global baby care products market in 2022 and is expected to grow due to increased awareness about child safety, rise in birth rate and consumer willingness to spend on baby care products. Baby monitor market is expected to gain an absolute $ opportunity of USD 697 Million during the assessment period (2022-2032).

Baby Monitor Market: Key Highlights

• Because of the rising sales of baby monitors in this region, the market for baby monitors in North America is more attractive. The rising percentage of working people in the region, particularly in the United States, combined with the region's rising GDP per capita, is predicted to boost baby monitor sales. During the forecast period, the market for baby monitors in North America is expected to grow at a high CAGR of 9.5 percent.
• During the assessment phase, video monitoring is projected to gain a lot of traction. The expansion of this category is being supported by the growth of IoT (Internet of Things), which allows parents to track their children's every step on their devices (smartphones, tablets or laptops).
• The sale of wired baby monitors has increased dramatically in recent years. In the following years, this tendency is projected to continue. By the conclusion of the assessment year, sales of wired baby monitors are estimated to exceed US$ 890 million.
• In terms of sales channel, modern trade is likely to lead the global market for baby monitors. The modern trade segment is expected to surpass US$ 300 million in baby monitor sales. Online stores are also contributing to the worldwide market's growth, and this segment is expected to rise at a strong rate throughout the forecast period.

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Competitive Landscape

Baby Monitor manufacturers are focusing on offering innovative product designs to fulfill changing consumer needs. Key manufacturers are joining hands with reputed brands in order to reach out to a border set of audiences by way of new product launches. For instance,

• February 2021, Infant monitoring technology brand Owlet declared merger with SPAC a company selling connected wearables and intelligent monitors. They plan to seek FDA approval for new product developments in the future.
• June 2019, Summer Infants SUMR™ Brands have made certain alterations to its corporate identity and brand strategy based on changing consumer preference and buying patterns. SUMR™ will be positioned as a modern retail company serve latest trending retail products in market.

Prominent Key Players

• Koninklijke Philips N.V.
• Lorex Technology Inc.
• Nest Labs, Inc. (Alphabet Inc.)
• Samsung Electronics Co. Ltd.
• Summer Infant, Inc.
• Lenovo Group Limited
• Hanwha Group
• Panasonic Corporation
• Anker Technology (UK) Limited

Some Notable Offerings by Fact.MR Report on Baby Monitor market:

We will provide you an analysis of the extent to which this Baby Monitor market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
Also, this report will help you to identify any trends to forecast growth rates.
The analyzed report will forecast the general tendency for supply and demand.

Some of the Baby Monitor Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:

Details regarding latest innovations and development in Baby Monitor and how it is gaining customer traction during the forecast period.
Analysis about the customer demand of the products and how it is likely to evolve in coming years.
Latest regulations enforced by government bodies and local agencies and their impact on Demand of Baby Monitor Market .
Insights about adoption of new technologies and its influence on the Baby Monitor market Size.
Overview of the impact of COVID-19 on Baby Monitor Market and economic disruptions caused by the pandemic.
Evaluates post-pandemic impact on the Sales of Baby Monitor Market during the forecast period.

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Global Baby Monitor Market by Category

• By Product Type :

o Audio Baby Monitor
o Video Baby Monitor
o Motion Sensor Baby Monitor

• By Connectivity :

o Wired
o Wireless/Wi-Fi

• By Sales Channel :

o Retail Stores
o Supermarket/Hypermarket
o E-Commerce
o Specialty Store

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Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Summary of Key Findings
1.4. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Baby Care Market Overview
3.2. Proliferation of Customization in Baby Products Market
Contd...

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