Advanced Baby Monitors Market Research Report - Global Forecast till 2030

Advanced Baby Monitors Market: Information by Product (Stationary and Wearable), by End User (Home Care and Day Care) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2030

ID: MRFR/MED/5063-CR | 157 Pages | Published By Kinjoll Dey on February 2021         

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Advanced Baby Monitors Market

The Advanced Baby Monitors Market is projected to register an outstanding CAGR of 10.65% to reach the revenue of around USD 1450 million by the end of the forecast period 2022-2030

By Product Stationary Wearable
By End User Home Care Day Care Others
Key Players
Companies Profiled   Angelcare (Canada)   The First Years Inc. (U.S.)   Mayborn Group (U.K.)   Samsung Electronics Co. Ltd. (South Korea)   Lorex Technology Inc. (Canada)   Summer Infant Inc. (U.S.)   MonDevices (U.S.)   Snuza International (South Africa)   Owlet Baby Care (U.S.)   Others
Market Driving Forces   Rising number of plenty of working parents
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Advanced Baby Monitors Market Overview

The Worldwide Advanced Baby Monitors Market is projected to register an outstanding CAGR of 10.65% to reach the revenue of around USD 1450 million by the end of the year 2022-2030.Advanced baby monitors are applied to monitor and seen newborn baby movements and daily vital body functions of the newborn baby, such as breathing, movements, etc. Advanced baby monitors commonly work through the latest Wi-Fi networks and are wireless devices with the latest baby unit and a parent unit monitoring. The primary growing concern about the baby’s health and vital statistics and well-being has created an environment that leads to the increase in adoption of latest baby monitors in recent years. There are plenty of primary factors such as the rising number of youth who are working parents in both developing as well as developed countries of the world and an increasing trend of modern nuclear families which has commonly contributed towards the growth of the market. Not only this, it is quite easy to buy advanced baby monitors on popular online portals is estimated to fuel the growth of the Advanced baby monitors market. But due to the fact extremely high cost linked with advanced baby monitors and dearth of FDA approved advanced baby monitors are likely to restrain or curb the market growth over the estimated period.

There has been a constantly increasing demand for modern technology, which expands the major demand for the medical baby monitoring devices market, there are plenty of advantages over traditional ones and rising demand for the embolizationadvanced baby monitors, also because lack of proper infrastructure is few of the primary drivers for the advanced baby monitors market size. The large part of Europe is estimated to be the quickest growing area.

COVID 19 Impacts and effects

The COVID 19 has affected 215 countries, and the advanced baby monitors Market as well. To combat the negative effects, countries lead lockdowns that have adversely affected the advanced baby monitors. The pandemic leads to several challenges to the sector; it is affected all over the world. Plenty of factors like the risk of uninterrupted production, supply chain, distribution, lack of workforce employees, and much-decreased development activities have primarily affected the ongoing demand and supply. People are not as active as earlier. Major strategic developments are taking place. MNC are investing more in the advanced baby monitors of the increasing demand from consumers across the globe.   

Market Dynamics

  • Drivers 

The rising number of plenty of working parents is the major primary driver for the rising and growing adoption of advanced baby monitors. The higher standard of living in many countries has led to the increasing need for both the working parents to work for financial and economicstability. In plenty of cases, parents are not readily available for the baby during long working hours, which has definitely increased the concern about baby’s security and wellbeing. In addition to this, advanced baby monitors assist parents inmonitoring or looking after the baby’s movements and vital functions remotely through advanced mediums like on their smartphones or other parent units such as portable devices and others. As per the data of the Bureau of Labor Statistics, in 2017, the daily participation of mothers in the actual labor force with children under six years was around 65.1% and for mothers with youngest children between the ages of 6 to 17 years was only 75.7%. According to the same report, in the year 2016, around 34.2 million families included children below the age of 18 years old. It also granted much freedom to the young parents; around 61% of both the parents’ work, in such cases,advanced baby monitors are lifesavers.

There are four major regions across the globe that are majorly involved in the advanced baby monitor market trends– North America, Europe, Asia Pacific region, and Rest-of-the-World (RoW), depending upon the country-level market sizing.  The advanced baby monitors market share is very comprehensive; you have to understand each and every player in the market. There is no debate that in spite of the occurrences of COVID 19, the latest trends and future opportunities of the interactive baby monitor market size will see tremendous spreading opportunities.

  • Opportunities 

The increasing dependence on baby monitor companies supports several industries around the globe that have doubled. The baby monitor sales statistics have come up as quite compelling. The advanced baby monitors market has been very wide. There are lots of emerging markets related to advanced baby monitorsall across the world, like India, China, and Brazil, that are projected to grow fast over the estimated years. 

  • Restraints

The outbreak of COVID-19 has hard severely knocked out the growing pace of the advanced baby monitors market growth because of mandatory closures of consumer markets across the globe; the economy is shrinking. COVID19 has disrupted the entire supply chain. A prolonged lockdown had a negative influence and affected the morale of the big pharma companies. 

  • Challenges

The advanced baby monitors market is projected to touch the earnings of an all-time high in 2023, according to an in-depth detailed report by the latest Market Research Future (MRFR). Around a CAGR of 9.20% is projected during the assessment period (2023) because of the impressive demand. Lots of factors are boosting the concept. The companies are planning and executing current business operations through innovative techniques. Many factors affect the growth of the advanced baby monitors, such as market size, trends in global technology, capital investment, etc.

  • Cumulative Growth Analysis

In case ofthe advanced baby monitors,as per the report, claims to have a 9.20% of CAGR by 2023 and a revenue of USD 1880.57 million till 2025. The demand and craze for it is rising, which has increased advanced baby monitors market growth. It is also estimated to increase at the most elevated speed over the given figure time frame, which is spreading or expanding across different industry verticals. Additionally, government support and customer interest are helping the market to expand. The development is primarily credited to little and medium undertakings or companies where fewer effort arrangements are significantly required.

Technology Analysis 

The worldwide baby monitor market analysis market is projected to witness great substantial growth during the estimated time period because of factors, for example, increasing demand for industrialization, huge investment in oil infrastructure, development in various and large scale industries along with the huge rapid expansion is also acting as another primary growth-inducing factor.

By Division by Structure

The advanced baby monitor market analysis is segmented on the basis of product; this has been further segmented into basic stationary type and advanced wearable type. Based on the various end-users, the advanced baby market has been further categorized as various home care and daycare.

On the basis of Geographic Segmentation:

  • North America

  • Europe

  • APAC

  • South America

  • MEA

Division by Application

The primary stakeholders in the Advanced Baby Monitors Market are research organizations, Traders, Importers, and Exporters, Suppliers, Industry end users. The concept is gaining momentum. The enterprises are focusing more intensely on improving product innovation techniques.

Division by Region

The regional analysis of several Advanced Baby Monitors market is being divided and studied, such as Asia Pacific, North America, European nations, and rest of the world countries. As per Geographical, North America is projected to be the biggest market in terms of profit contribution due to increased adoption of several cloud-based services by way of production systems and by several distribution channels. In addition to this, the countries of Asia Pacific are projected to grow rapidly in Advanced Baby Monitors market due to increasing investment. Also, there has been a rise in demand in major developing countries; for example, India and China are projected to lead growth in several Advanced Baby Monitors market in different Asia-Pacific regions.

Regional Analysis

There is no doubt; North America is leading the Advanced Baby Monitors market due to the presence of the grand global players in this particular region as well as increased technological advancement. 

Competitive Landscape

The market players are:

  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • Rest of Asia-Pacific

  • Rest of the World

  • The Middle East

  • Africa

  • South America

Recent Developments

  • Market has been primarily divided into several segments, and each segment has profitable trends.

  • The segment is growing day by day; there is a new trend that is responsible for the growth

  • North America and Europe have more market share, but Asia Pacific is growing at a very fast pace.

Report Overview

  • Market overview highlights 

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis 

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1450 million
  CAGR   10.65%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, End User, Regions
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Angelcare (Canada), The First Years, Inc. (U.S.), Mayborn Group (U.K.), Samsung Electronics Co. Ltd. (South Korea), Lorex Technology Inc. (Canada), Summer Infant, Inc. (U.S.), MonDevices (U.S.), Snuza International (South Africa), Owlet Baby Care (U.S.), MOTOROLA HOME (U.S.), Graco Children's Products, Inc. (U.S.), Safety 1st (U.S.), and Koninklijke Philips N.V. (Netherlands).
  Key Market Opportunities   The increasing dependence on baby monitor companies supports several industries around the globe
  Key Market Drivers   Rising number of plenty of working parents

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Frequently Asked Questions (FAQ) :

Advanced baby monitors market projected to grow at approximately 10.65% CAGR during the assessment period (2022-2030).

The valuation of the global advanced baby monitors market is estimated to increase to USD 1450 MN by the end of 2030.

Significant advances in monitor technologies and investments in R&D are major tailwinds pushing the growth of the global advanced baby monitors market.

North America holds the largest share in the global advanced baby monitors market, followed by Europe and the Asia Pacific, respectively.

The First Years, Inc. (U.S.), Angelcare (Canada), Mayborn Group (U.K.), Lorex Technology Inc. (Canada), Samsung Electronics Co. Ltd. (South Korea), Summer Infant, Inc. (U.S.), Snuza International (South Africa), MonDevices (U.S.), Owlet Baby Care (U.S.), Graco Children's Products, Inc. (U.S.), MOTOROLA HOME (U.S.), Koninklijke Philips N.V. (Netherlands), and Safety 1st (U.S.), are some of the top players operating in the global advanced baby monitors market.