Baby Monitoring Devices Market Size, Share, Revenue, Trends And Drivers For 2024-2033

The Business Research Company’s Baby Monitoring Devices Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033

LONDON, GREATER LONDON, UNITED KINGDOM, October 8, 2024 /EINPresswire.com/ -- The baby monitoring devices market has experienced robust growth in recent years, expanding from $4.48 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to economic growth and affordability, rise in nuclear families, integration of health monitoring, urbanization and limited living spaces, changing work dynamics.

What Is The Estimated Market Size Of The Global Baby Monitoring Devices Market And Its Annual Growth Rate?
The baby monitoring devices market is projected to continue its strong growth, reaching $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to security and privacy features, customization and personalization, stress and anxiety reduction for parents, healthcare awareness and early detection, rising disposable income.

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Growth Driver Of The Baby Monitoring Devices Market
The growing child population is expected to propel the growth of the baby monitoring device market going forward. Child population refers to the number of individuals aged 0–17 years living in a certain place, such as a village, city, state, province, country, or continent. Baby monitoring devices are commonly used among parents to ensure the safety and well-being of their infants. These devices are often considered essential for newborns and infants, providing parents with a sense of security and allowing them to respond quickly to their baby's needs.

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Which Market Players Are Driving the Baby Monitoring Devices Market Growth?
Key players in the 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 Emerging Trends Shaping the Baby Monitoring Devices Market Overview?
Major companies operating in the baby monitoring devices market are focused on introducing AI-based smart solutions, such as AI-based smart baby monitoring device, to gain a competitive edge in the market. An AI-based smart baby monitoring device is a technologically advanced system designed to monitor and ensure the safety and well-being of infants.

How Is The Global Baby Monitoring Devices Market 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

Geographical Insights: Asia-Pacific Leading The Baby Monitoring Devices Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Baby Monitoring Devices Market Definition
Baby monitoring devices are electronic gadgets that combine a one-way/two-way radio or video transmission via the internet with a portable receiver to listen to or see an unsupervised infant. The baby monitor is made up of a transmitter device with a microphone and a camera that is positioned near the child. It sends the noises and images to a receiver unit equipped with a speaker and a display screen that is carried by or near the person caring for the newborn.

Baby Monitoring Devices Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An overview of the global baby monitoring devices market report covering trends, opportunities, strategies, and more
The Baby Monitoring Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on baby monitoring devices market size, baby monitoring devices market drivers and trends and baby monitoring devices market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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