Baby Monitor Market Surges Past US$ 1,264 Million Mark by 2032, Fueled by 8.3% CAGR

Author : Lokesh C Chaudhari | Published On : 08 May 2024

In 2022, the baby monitor market is projected to grow to a value of US$ 567 million worldwide. By 2032, sales of baby monitor tests are expected to have increased at a compound annual growth rate (CAGR) of 8.3%, or US$ 1,264 million.

The tools and techniques used by youngsters have always grown as technology has advanced. Both the variety of products offered and the size of the market for these items have been greatly increased by the Internet of things. Numerous vendors are offering a cost-effective wireless sensor-based system for monitoring and detecting mobility in newborns on the market.

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In the current digital era, parents are using technology more and more to make sure their infants are safe and healthy. From basic audio devices to complex, networked systems that provide parents with peace of mind and real-time monitoring, baby monitors have come a long way. Come explore the newest developments that are redefining baby care and influencing the market for baby monitors.

Competitive Landscape:

Two of the main tactics employed by producers of baby monitors are the introduction of new products and the extension of credit lines to enhance production procedures. The business also depends on strategies like partnerships, collaborations, and mergers and acquisitions with already-established firms and research institutions.

Introducing its most recent invention: bonoch is a young company that sells childcare supplies made to help families with multiple children. With two HD cameras, customers can watch from different perspectives at once with Bonoch's new Video Baby Monitor. Founded in 2021, this company specializes on creating cutting-edge items to support new parents. In order to aid youngsters in unwinding before bed, the Baby Monitor also features a two-way speech system, calming lullabies, and real-time room temperature monitoring.

Smart Connectivity:

As a result of the development of smart technology, parents can now see their infants remotely from any location with internet connection thanks to baby monitors that offer seamless connectivity to smartphones and tablets. Parents can feel more at ease and reassured knowing that their infant is getting real-time updates on their activities and status thanks to features like mobile notifications, two-way audio communication, and live streaming.

Key Companies Profiled:

Withings Inc.
VTech Holdings Limited
Angelcare Monitor Inc.
Dorel Industries Inc.
Koninklijke Philips N.V.
Lorex Technology Inc.
Nest Labs, Inc. (Alphabet Inc.)
Samsung Electronics Co. Ltd.
ShenZhen Foscam Intelligent Technology Co., Ltd.
Summer Infant, Inc.
Lenovo Group Limited
Hanwha Group
Panasonic Corporation
Anker Technology (UK) Limited

Video Monitoring:

Providing parents with a visual window into their baby's nursery, video monitoring has become a typical function in modern baby monitors. Parents can be assured of constant visibility and peace of mind with high-definition cameras that have the ability to see clearly even in low light.

Vital Signs Monitoring:

Modern baby monitors are equipped with sensors and algorithms that track vital signs including temperature, respiration patterns, and heart rate. This provides parents with important information about their baby's health and wellbeing. Parents are empowered to take preventative action by receiving real-time alerts for anomalies or abnormalities, which serve as early warning signs of possible health problems.

Integration with Smart Home Systems:

As smart home ecosystems become more and more interconnected, baby monitors are able to communicate with other linked devices like security cameras, lights, and thermostats with ease. Through this integration, the nursery environment is made safer and more comfortable overall, forming a unified and integrated ecosystem for the care of infants.

Versatility and Portability:

To meet the demands of today's on-the-go parents, modern baby monitors are made to be both adaptable and portable. Parents can monitor their baby's safety even when they are traveling or away from home because to the devices' lightweight, compact designs and long-lasting batteries, giving them flexibility and peace of mind wherever they go.

Global Baby Monitor Market by Category:

By Product Type:
- Audio Baby Monitor
- Video Baby Monitor
- Motion Sensor Baby Monitor
By Connectivity:
- Wired
- Wireless/Wi-Fi
By Sales Channel:
- Retail Stores
- Supermarket/Hypermarket
- E-Commerce
- Specialty Store
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- MEA

The market for baby monitors is expanding and innovating at a quick pace due to technological improvements and the increased focus on the safety and wellbeing of infants. Modern baby monitors provide parents looking for convenience and peace of mind with a comprehensive solution thanks to its smart connectivity, video monitoring, tracking of vital signs, interaction with smart home systems, and portability. In the years to come, expect to see more innovations and improvements that improve infant safety and care as the industry continues to grow.