Global Baby Monitoring Devices market research 2024, Forecast To 2033

The baby monitoring devices market size has demonstrated robust growth, rising from $4.48 billion in 2023 to$4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. Growth in the historic period is attributed to economic growth, affordability, rise in nuclear families, integration of health monitoring, urbanization, limited living spaces, and changing work dynamics. The market is expected to witness rapid growth, reaching $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. Projected growth in the forecast period is driven by security and privacy features, customization, stress and anxiety reduction for parents, healthcare awareness, early detection, and rising disposable income. Major trends expected in the forecast period include parental concerns for child safety, rise in working parents, urbanization, smaller living spaces, health monitoring, wellness, connectivity, and smart home integration.