Baby Monitor Market By Product Type, (Audio, Video), By mode of connection, (Wired, Wireless), By Geography, (North America, Europe, APAC, ROW), Estimation & Forecast, 2016 - 2024

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October 2017

 Pages: 121

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Baby Monitor Market was valued at $897 billion in 2016, and is projected to reach $1.72 billion by 2024, having a CAGR of 8.6% during the forecast period of 2017 to 2024. In 2016, the audio baby monitors generated the highest revenue share in the global baby monitor market.

A baby monitor, also called as a baby alarm, is a radio system which is used to monitor a baby when the guardian is away. A basic audio monitor consists of a transmitter and microphone, which enables a two-way communication between the parent and the baby. Baby video monitor is an advanced version of baby monitor, which allows parents to see and monitor baby’s movements. There are also sensory monitors available currently, which are capable enough to detect a baby's movements and breathing. An alarm will ring up if no movement is detected by the baby in a short period of time. There are some baby monitors which provide two-way communication in order to allow the parent to communicate with the baby. Baby cams are also booming in the current scenario which are getting fame in the market as a result of being equipped with video display in order to look after the infant. Modern parents are now having an option to use a baby monitor to listen to or even watch their babies from afar.

Market Determinants

With the increasing globalization, urbanization and changing lifestyle, a rapid growth in the number of working parents has been witnessed in the last two decades all over the globe. Moreover, hiking concerns regarding the safety and security of infants, are also contributing a lot in the growth of baby monitor market. Moreover, rapidly increasing online retailing is also a major driving factor for the baby monitor market growth. In addition to this, increasing disposable income and improving economies of developing nations are also pushing the market growth. According to US States Department of Labor, a 2.4% rise in per person expenditure has been observed from 2015 to 2016. In 2016, the expenditure per person in US was $57,311. On the other hand, a reduction in the birth rates and safety concerns associated with these products can act as major restraining factors to the market growth. On the other hand, upcoming demand from the growing economies will act as a bright opportunity for the baby monitor market development

BABY MONITOR MARKET DETERMINANT IMPACT ANALYSIS (2016-2024)

Segment Analysis

The global baby monitor market is bifurcated on the basis of product type, mode of connection and geography. By product type, the market is categorized into audio and video baby monitors. By mode of connection, the market is segmented as wired and wireless baby monitors. Geographically, the market is categorized as North America, Europe, Asia-Pacific and Rest of World.

 BABY MONITOR MARKET BY MODE OF CONNECTION



Wireless baby monitors the most adopted devices, holding nearly 91.6% of the global market. Geographically North America lead the global baby monitor market in 2016 and is expected to grow with a CAGR of 8.4% during the forecast period.
Some major market players are Summer Infant, Inc., Withings, Inc., Angelcare Monitors, Inc., Dorel Industries, Inc., VTech Holdings Limited, Nest Labs, Inc., Samsung Electronics Co., Ltd., Koninklijke Philips N.V, ShenZhen Foscam Intelligent Technology Co., ltd

Baby Monitor Market Segmentation

By Product Type
   • Audio
   • Video

By mode of connection
   • Wired
   • Wireless

By Geography
   • North America
   • Europe
   • APAC
   • ROW

Baby Monitor Market Key Players

   • LOREX Technology, Inc.
   • Summer Infant, Inc.
   • Withing, Ing.
   • Angelcare Monitors, Inc.
   • Dorel Industries, Inc,
   • VTech Holdings Limited
   • Nest Labs, Inc.
   • Samsung Electronics Co., Ltd
   • Koninklijke Philips N.V
   • ShenZhen Foscam Intelligent Technology Co., ltd.

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