To know the impact of COVID-19 On Baby Monitor Market 2021 By Type (Video Monitors, Audio Monitors, Digital Monitors, Dual Parent Monitors), By Applications (Less than 1 years old Children, 1-5 Years Old Children, Others), By Mode of Connectivity (Wired Baby Monitors, Wireless Baby Monitors ) Forecast to 2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Global Baby Monitor Market is valued at USD 1.47 Billion in 2020 and expected to reach USD 2.16 Billion by 2027 with a CAGR of 5.6% over the forecast period.
Rising number of working parents and nuclear families is key factors driving the growth of global baby monitor market.
Scope of the Baby Monitor Market Report:
A baby monitor is used to remotely monitor the sounds and movements of a baby. An audio system of baby monitor consists of a transmitter unit, provided with a microphone, placed near to the baby. Baby monitors also give bilateral communication which allows the parent to speak back to the child. Some baby monitor allows music to be played to the child. A baby cam is a video camera and receiver in baby monitor system. The primary use of baby monitors is to hear when an infant wakes, while out of immediate hearing distance of the infant. Baby and young children can often be heard over a baby monitor in talk, in which they talk to themselves. The Zenith Radio Nurse in 1937 introduced the first baby monitor by Eugene F. McDonald and designed by Isamu Noguchi.
Covid-19 pandemic, has affected the baby monitor market. Most projects in the United States, Germany, China and South Korea have been postponed due to pandemics. These companies are facing short-term operational problems because of supply chain constraints and the inaccessibility of factories due to the COVID-19 outbreak. In addition, during Covid-19, demand of the baby monitors is decreased because in most of the countries people are working from home, which has decreased the demand for baby monitor.
The regions covered in baby monitor market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global baby monitor sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Key Players Baby Monitor Market Reports-
Some key players for global baby monitor market report are LOREX Technology Inc., Summer Infant Inc., Koninklijke Philips N.V, Nest Lab. Inc., Shen Zhen Foscam Intelligent Technology Co. Dorel Industries Inc., Owlet Baby Care, Angelcare Monitors Inc., Samsung Electronics Co. Ltd., VT tech Holdings Ltd., Ltd, Withings Inc., and others.
Vacos Launched Its First Baby Monitor Globally to Provide a Hackproof Way to Care for Babies
On February 18th, 2021; Vacos announced the global launch of its first hackproof Baby Monitor, a huge breakthrough offering customers an all-in-one intelligent way to keep tabs on their babies at home remotely. This smart tech gadget is just more than a baby monitor. The sensitive tail line can sense the room temperature and alert parents instantly when the temperature is abnormal. The built-in microphone picks up the slightest voice to alert parents when the baby cries. Parents can play the comforting lullabies via the LCD monitor remotely without going to the baby’s room, or talk to the angel via the two-way audio.
Baby Monitor Market Dynamics –
Increasing Need of Baby Monitor Along with the Growing Number of Working Mothers and Nuclear Families Trend are the Major Factors Driving the Market Growth
Increasing working women globally is one of the major factors driving the demand for the baby monitors. It is observed that, now a days, a large number of women are participating in labour force across early-industrialized countries. The increasing working women population including mothers with babies has led to the rise in sales of monitoring devices including baby monitors. In addition, various Governments are also taking initiatives regarding the child safety measures to reduce the sudden unexpected infant death (SUID) cases. For instance; child care and development block grant was reauthorized to provide additional safety and protection for babies. As stated by CDC report, about 1,300 deaths happened caused by SIDS, about 1,300 deaths caused by undisclosed causes and about 800 deaths caused by accidental suffocation and strangulation in bed. This is one of the key factors supplementing the demand for advanced child safety devices such as baby monitors that ensure safety of babies and offer reassurance to parents. Furthermore, increasing adoption online selling in the emerging economies is also supplementing the market growth. Online selling has made these kind of devices accessible across the developing and underdeveloped economies. E-retailing has observed faster taking on owing to its cost effective and time saving benefits, and this trend is expected to spur the sale of baby monitors in the coming future.
Baby Monitor Market Regional Analysis –
North America is expected to dominate the global baby monitors market due to the rising trend of nuclear families, high disposable income and rising SUID cases in this region. By CDC, about 3,500 sudden unexpected baby died (SUID) per year in the United States. The growth of the baby monitors market is also attributed to the advancement of these devices and rising personal equity investment specifically in the electronics sector in developed markets such as the United States and Canada. Furthermore, increasing awareness among parents regarding childcare and strong selling health technology are also supplementing the market growth in this region.
Asia Pacific is expected to witness the fastest growth in this market owing to rising working women population especially in countries including Japan, Thailand, China, Indonesia, and India in this region. As stated by International labour Organization (ILO) report, about 1.3 billion people work informally in Asia-Pacific. In addition, report shows, men are more likely to be in informal employment than women in Eastern Asia, but also, women in employment are more likely engaged in informal work than men in South-Eastern Asia. Furthermore, the fast adoption of technology among the working parents, along with the rising spending capacity of people, has been stroke up the demand for baby monitors in this region.
Key Benefits for Baby Monitor Market Reports –
- Global Market report covers in depth historical and forecast analysis.
- Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Market report helps to identify opportunities in market place.
- Global Market report covers extensive analysis of emerging trends and competitive landscape.
Baby Monitor Market Segmentation –
- Video Monitors
- Audio Monitors
- Digital Monitors
- Dual Parent Monitors
- Less than 1 years old Children
- 1-5 Years Old Children
By Mode of Connectivity:-
- Wired Baby Monitors
- Wireless Baby Monitors
By Regional & Country Analysis:-
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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Baby Monitor Market Size 2021 - Industry Analysis
Baby Monitor Market 2021 By Type (Video Monitors, Audio Monitors, Digital Monitors, Dual Parent Monitors), By Applications (Less than 1 years old Children, 1-5 Years Old Children, Others), By Mode of Connectivity (Wired Baby Monitors, Wireless Baby Monitors ) Forecast to 2027
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