GLOBAL BABY MONITOR MARKET IS EXPECTED TO FORESEE SIGNIFICANT GROWTH DURING THE FORECAST PERIOD. NORTH AMERICA TO WITNESS THE HIGHEST GROWTH
Global Baby Monitor Market is expected to reach the market valuation of US$ 1,970 million by 2027 expanding at a reasonable CAGR of 6.2% during the forecast period (2021-2027) from US$ 1,256 million in 2019. The Baby Monitor is a radio system used to remotely listen to sounds made by an infant. One of the primary uses of baby monitors is to allow attendants to hear when an infant wakes, while out of immediate hearing distance of the infant
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The demand for the baby monitor is witnessing an uptick on account of the number of births globally. As per a report by United Nations, there are on average about 250 babies born every minute – more than 130 million in a year. It is projected that there will be 11 billion people by 2100. Furthermore, Rising parents’ concern for their child’s/infant’s health is a key factor, demanding for the baby monitor. As per the United Nations, the infant mortality rate of the world in 2019 was 28.2 (The infant mortality rate is the number of deaths of infants under one-year-old per 1,000 live births). Moreover, the projected estimate for 2020 was 30.8 according to the CIA World Factbook. The rate of infant mortality is highest in Africa. In 2019, the central African republic registered an infant mortality rate of 81. Also, Nigeria, Somalia, and Congo registered a mortality rate of 74, 74,66 respectively. Sudden infant death syndrome is one of the major causes responsible for infant mortality. As per CDC, About 3,400 babies in the United States die of SIDS each year. These deaths occur among infants less than 1-year-old and have no immediately obvious cause.
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Moreover, Given the severity and complexity of the current situation, the baby monitors are being used by the healthcare professionals temporarily to provide a way for healthcare workers, mainly nursing staff, to say safe and limit unnecessary exposure to COVID-19 patients while they are in the hospital. The use of this simple technology is providing a way to monitor and facilitate two-way communication with patients. For instance: Atrium Health is now using baby monitors?in?certain?clinical areas to reduce?the potential?spread of?COVID-19, cut down on PPE?use,?and give nursing staff a better way to connect with patients. Also, numerous new baby motors were launched during the COVID -19 pandemic, which gave a boom to the market due to the wider adoption of the monitors. In 2020, RioT Solutions, a startup launched Ray baby which has pivoted to become useful both in the covid-19 sickroom and in neonatal care as well.
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Based on Product Type, the market is fragmented into Audio and Video. The Video segment dominated the market in 2020 accounted for 86.5% and is anticipated to maintain its dominance during the forecast period owing to numerous advantages offered such as the latest monitor technology-enabled baby monitors track baby’s movements, plus vitals, and many more. Furthermore, the companies are kept on doing innovation in the video baby monitors are launching new products, which is gaining end-users traction and the market is uplifting. For Instance: In 2021, Vacos launched Its First Baby Monitor Globally to Provide a Hackproof Way to Care for Babies.
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Based on the Connectivity Type, the market is mainly fragmented into Wired and Wireless. The wireless segment dominated the market in 2020 and gathered 62.4% in 2020. Moreover, the segment is anticipated to maintain its dominance during the analyzed period. The market of the wireless segment is witnessing an up-tick on account of the factors such as The benefits of wireless baby monist such as wide range availability, latest technology-enabled, Portability, Travel convenience as well easy to set up and allow them to keep an eye on their baby from just about anywhere.
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Additionally, the report provides detailed initiatives that are being taken in the field of baby monitors. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), and Rest of World. North America dominated the market with US$ 476.9 million in 2020 With increasing focus on childcare and baby safety coupled with an increase in working population in North America, child, and baby monitoring has become a topic of prime importance, therefore the market is proliferating.
Global Baby Monitor Market Segmentation
Market Insight, by Application Type
Market Insight, by Connectivity Type
Market Insight, by Distribution Channel
- Retail Stores
- Supermarket/ Hypermarket
- Specialty Stores
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Dorel Industries Inc.
- Summer Infant Inc
- Samsung Electronics
- Koninklijke Philips N.V.
- Lenovo Group Limited (Motorola)
- VTech Communications, Inc.
- Arlo Technologies Inc.
- Panasonic Corp
- Sony Corporation
- Snuza International