Baby Monitoring Devices Market Insights, Forecast, Growth, Trends 2024-2033

The Business Research Company presents an extensive market research report on the Baby Monitoring Devices Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The baby monitoring devices market size has grown strongly in recent years. It will grow from $4.48 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to economic growth and affordability, rise in nuclear families, integration of health monitoring, urbanization and limited living spaces, changing work dynamics..

The baby monitoring devices market size is expected to see rapid growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to security and privacy features, customization and personalization, stress and anxiety reduction for parents, healthcare awareness and early detection, rising disposable income.. Major trends in the forecast period include parental concerns for child safety, rise in working parents, urbanization and smaller living spaces, health monitoring and wellness, connectivity and smart home integration..

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Key Market Players:

Major companies operating in the baby monitoring devices market report are Dorel Industries Inc., Samsung Electronics Co. Ltd., Angelcare Monitors Inc., Motorola Solutions Inc., iBaby Labs Inc., VTech Holdings Limited, Lorex Technology Inc., Summer Infant Inc., Nanit Inc., Owlet Baby Care Inc., Respisense, Safetosleep, Evoz Pharmaceutical Private Limited, Anker Innovations Technology Co. Ltd., Miku Inc., Infant Optics, MOBI Technologies Inc., Panasonic Corporation, Levana Infotech Pvt. Ltd., Baby Delight Inc., Invidyo LLC, FLIR Systems Inc., The Procter & Gamble Company, Snuza Inc., Hanwha Techwin Co. Ltd., The Holding Angelcare Inc., Hisense Electrical Co. Ltd., Mayborn Group Limited, Arlo Technologies Inc.

Market Drivers:

The rising number of working women is expected to propel the growth of the baby monitoring devices market going forward. Working women refer to employed women, who work and earn a salary, wages, or another kind of revenue through regular work outside the house. Employed mothers do not have enough time to care for their children while they are at work thus, a baby monitor is used to listen in on or keep an eye on the baby from a distance and sends notifications in the event of an emergency. For instance, according to a statistical report published by the Federal Reserve Economic Data (FRED), a US-based research division of the Federal Reserve Bank, women's labor force participation in the United States was increased to 57.1% in August 2022. Therefore, the rising number of working women is driving the growth of the baby monitoring device market.

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The baby monitoring devices market covered in this report is segmented -

1) By Type: Internet Baby Monitor, Video Baby Monitor, Audio Baby Monitor
2) By Mode Of Connection: Wired, Wireless
3) By Application: Hospitals, Family, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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