How Has The Baby Monitoring Devices Market Size Evolved In Recent Years?
The baby monitoring devices market has seen considerable growth due to a variety of factors.
• In recent years, we have seen a significant increase in the size of the baby monitoring devices market. Projections show that this market will expand from $4.77 billion in 2024 to $5.18 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.5%. This growth in the previous years can be associated with economic growth and increased affordability, the increase in the number of nuclear families, incorporation of health monitoring, the impact of urbanization and limited living spaces, as well as the shifting work dynamics.
What Does Future Hold for The Baby Monitoring Devices Market Size?
The Baby Monitoring Devices market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the market for baby monitoring devices is projected to witness a steep growth trajectory, ultimately reaching a grand value of $7.94 billion in 2029, with a Compound Annual Growth Rate of 11.3%.
Various facets such as robust security and privacy options, customization and personalization, the ability to alleviate parent's stress and anxiety, along with healthcare awareness, early detection facilities, and increasing disposable income have been linked to this growth during the predicted period. Major trends during this period include an increased focus on child safety among parents, a surge in working parents, escalating urbanization and smaller residential spaces, wellness and health monitoring, and the integration with smart homes and connectivity.
What Are The Primary Growth Drivers In The Baby Monitoring Devices Market?
The increase in the number of career-focused women is set to drive the expansion of the baby monitoring device market. When referring to working women, we're talking about females who are employed outside of their homes, earning a salary, wages, or any other kind of income from regular employment. These working mothers often lack sufficient time to attend to their children during their working hours, hence the use of baby monitors. These devices grant them the ability to either audibly or visually monitor their child from a distance, sending alerts in case of any unforeseen events. For instance, a report from the Federal Reserve Economic Data (FRED), the research wing of the Federal Reserve Bank based in the US, showed women's labor force involvement in the United States had risen to 57.1% by August 2022. Therefore, the burgeoning number of professionally active women is fueling the expansion of the baby monitoring device market.
What Is The Segmentation Of The Global Baby Monitoring Devices Market?
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
Subsegments:
1) By Internet Baby Monitor: Wi-Fi Baby Monitors, Smart Baby Monitors With App Connectivity
2) By Video Baby Monitor: Traditional Video Monitors, Pan-And-Tilt Video Monitors, Night Vision Video Monitors
3) By Audio Baby Monitor: Standard Audio Monitors, DECT Audio Monitors, Two-Way Communication Audio Monitors
Pre-Book The Baby Monitoring Devices Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Baby Monitoring Devices Market Landscape?
The surge of product innovation stands out as a prevalent trend in the baby monitoring devices sector. Major firms in this sector are channeling their efforts towards the creation of pioneering products to solidify their market standing. For instance, the US-based medical technology firm, Masimo Corporation, introduced its breakthrough Stork smart home baby monitoring system to the US market in August 2023. This advanced baby monitoring system is designed with various components, such as the Stork Vitals+ and Vitals, which include a mobile application, a sensor-equipped boot, and a video camera. Parents have the capability to interact with their infants through the high-resolution camera's enhanced night vision and superior two-way audio. Stork is also packed with numerous features made possible through the company's noninvasive hospital neonate monitoring technology. These features include secure encrypted connectivity, constant health data monitoring, a parent-tested mobile app, and 2K quad-high definition video. The advent of Stork avails parents with the kind of technology that was originally developed for the toughest patients in hospitals. The device's interface mirrors the simplicity of common smartphone apps.
Who Are the Key Players In The Baby Monitoring Devices Market?
Major companies operating in the baby monitoring devices market include:
• 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.
• Foscam LLC
• Hanwha Techwin Co. Ltd.
• The Holding Angelcare Inc.
• Hisense Electrical Co. Ltd.
• Mayborn Group Limited
• Arlo Technologies Inc.
What Are The Regional Insights Into The Baby Monitoring Devices Market?
Asia-Pacific was the largest region in the baby monitoring devices market in 2024. The regions covered in the baby monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
