NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
advanced baby monitor market size is estimated to grow by
USD 637.3 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 12.48% during the forecast period. Innovation in technology and
product design and feature leading to premiumization is driving
market growth, with a trend towards access to distribution channels
through omnichannel strategies. However, lack of awareness and high
price of advanced baby monitors poses a challenge. Key market
players include Baby Control Digital, Cubo Ai, Dorel Industries
Inc., Hisense Ltd., iBaby Labs Inc., Jablotron, Koninklijke Philips
N.V., Lorex Technology Inc., Motorola Mobility LLC, Nanit, Owlet
Inc., Panasonic Holdings Corp., Safetosleep, Samsung Electronics
Co. Ltd., Snuza, Summer Infant Inc., The Holding Angelcare Inc.,
VTech Holdings Ltd., WiFi Baby, and Withings.
![Technavio has announced its latest market research report titled Global advanced baby monitor market 2024-2028 Technavio has announced its latest market research report titled Global advanced baby monitor market 2024-2028](https://mma.prnewswire.com/media/2451410/Global_advanced_baby_monitor_market_2024_2028.jpg)
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Advanced Baby
Monitor Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
12.48%
|
Market growth
2024-2028
|
USD 637.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
10.87
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
31%
|
Key
countries
|
US, UK, China, Germany,
and Japan
|
Key companies
profiled
|
Baby Control Digital,
Cubo Ai, Dorel Industries Inc., Hisense Ltd., iBaby Labs Inc.,
Jablotron, Koninklijke Philips N.V., Lorex Technology Inc.,
Motorola Mobility LLC, Nanit, Owlet Inc., Panasonic Holdings Corp.,
Safetosleep, Samsung Electronics Co. Ltd., Snuza, Summer Infant
Inc., The Holding Angelcare Inc., VTech Holdings Ltd., WiFi Baby,
and Withings
|
Market Driver
The e-commerce industry's expansion has driven brands to enhance
sales experiences, leading to investments in account management,
supply chain optimization, and product assortment expansion. Brands
are launching informative websites to expand customer reach,
enabling product comparisons and customer reviews. Omnichannel
retailing, which includes physical stores, company-owned websites,
and third-party retailers, is a crucial strategy for expanding
customer bases. Advanced baby monitors are a significant market
segment benefiting from this trend, with the adoption of
omnichannel strategies expected to drive growth during the forecast
period.
The Advanced Baby Monitor market is experiencing significant
growth, driven by technological advancements and consumer demand
for enhanced safety and convenience. Key features include real-time
video streaming, temperature monitoring, two-way communication, and
night vision. The market is segmented into wired and wireless
monitors, with wireless monitors gaining popularity due to their
mobility and ease of use. Parents value the ability to monitor
their babies from anywhere, ensuring peace of mind and immediate
response to baby needs. Companies focus on providing secure
connections and user-friendly interfaces to meet consumer
expectations. The market is expected to continue growing, driven by
increasing awareness and demand for advanced baby monitoring
solutions.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The advanced baby monitor market faces challenges from low
awareness and high product prices, particularly in developing
regions. Perceived as luxury items, adoption is slow in
Eastern Europe, MEA, and APAC.
Companies like Owlet Baby Care and Angelcare offer advanced
monitors priced at USD300 and
USD250 respectively. To overcome
these hurdles, market players focus on increasing awareness about
the benefits of these devices. Despite these efforts, the high cost
remains a significant barrier to growth during the forecast
period.
- The Advanced Baby Monitor market faces several challenges in
delivering optimal solutions for parents. Devices must be reliable
and secure, with features such as temperature and sound detection,
motion sensors, and video feeds. However, ensuring connectivity and
battery life can be difficult. Additionally, privacy concerns arise
with the collection and storage of data. Furthermore, the market is
becoming increasingly competitive, with new players constantly
entering the scene. To stand out, companies must offer unique
features and competitive pricing. Overall, the Advanced Baby
Monitor market requires continuous innovation and improvement to
meet the evolving needs of modern parents.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This advanced baby monitor market report extensively covers
market segmentation by
- Distribution Channel
- Product
- 2.1 Under-the-mattress
- 2.2 Diaper attachment
- 2.3 Smart wearable
- 2.4 Other formats
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Offline- The advanced baby monitor market faces a
gradual decline in offline sales due to consumer preference for
online shopping. To boost offline sales, vendors collaborate with
local retailers, including baby product stores, home improvement
stores, and consumer electronics stores. This intensifies
competition, leading vendors to adopt new strategies such as
product offerings and pricing. Additionally, business expansion and
the rise of hypermarkets, supermarkets, and other retail formats
contribute to market growth. Attractive discounts and schemes
offered by these retailers help manufacturers reach more customers,
driving market growth during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Advanced Baby Monitor market is experiencing significant
growth due to the increasing concern for infant safety in modern
society. Technology, specifically Artificial Intelligence (AI),
plays a pivotal role in enhancing the functionality of these
devices. Sleep apnea, a health risk for infants, is addressed
through AI-enabled monitors that can detect irregular breathing
patterns. Single parent households and working parents greatly
benefit from these smart devices, allowing them to ensure their
child's wellbeing while managing their professional commitments.
Home Care and Day Care providers also utilize advanced baby
monitors for the welfare of their charges. However, with the
integration of the internet and cool features like online
advertising, cyber security risks become a concern. Gender biases
in advertising and marketing of these devices towards women
professionals in Nuclear Families should also be addressed.
Electronic Devices, equipped with Radio Transmitters and Video
Transmitters, enable parents to monitor their child through a
Portable Receiver.
Learn and explore more about Technavio's in-depth research
reports
The global underwater camera market is poised for significant
growth, driven by advancements in waterproof technology and the
rising popularity of water sports and underwater photography.
Simultaneously, the global set-top box market is evolving, with
increasing demand for smart TVs and over-the-top (OTT) services. On
the other hand, the global home audio equipment market is
experiencing robust expansion, fueled by consumer preferences for
high-quality audio experiences and the proliferation of smart home
devices. These trends highlight the dynamic nature of consumer
electronics, underscoring the need for continuous innovation and
adaptation in the market.
Market Research Overview
The Advanced Baby Monitor market encompasses innovative and
technologically advanced baby monitoring systems designed to ensure
the safety and well-being of infants. These monitors incorporate
features such as temperature and humidity sensors, motion
detection, sound detection, and high-definition video streaming.
They allow parents to remotely monitor their baby's environment and
receive real-time alerts for any potential issues. Additionally,
some advanced baby monitors offer two-way communication, enabling
parents to soothe their baby with their voice. The market for these
devices continues to grow as technology advances and parents seek
peace of mind while caring for their little ones.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Product
-
- Under-the-mattress
- Diaper Attachment
- Smart Wearable
- Other Formats
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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