Increasing Number of Working Parents Is Expected to Drive the Growth of Baby Monitoring Market

Author : univdatos
Publish Date : 2021-06-08 15:09:52
Increasing Number of Working Parents Is Expected to Drive the Growth of Baby Monitoring Market

The Global Baby Monitoring Market is expected to reach market valuation of US$ XX million by 2027 expanding at a significant CAGR of XX% during the forecast period (2021-2027) from US$ XX million in 2019. The highly developed baby monitors market is likely to touch the revenues of an all-time high in 2023, in accordance with an in-depth comprehensive description by the most recent Market Research Future (MRFR). The outbreak of COVID-19 has severely knocked out the growing pace of the advanced baby monitors market growth because of mandatory closures of consumer markets and disruption of worldwide supply chains.

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Baby monitors are primarily used by new parents, mainly individuals who are functioning to keep a watch on their newborn babies. With the rising concerns about the cyber-security risks of digital devices including baby monitors, governments of various countries are developing regulations that in turn will increase the customer reliability on these products. In most countries, men tend to contribute in labor markets more regularly than women. Across the world, labor force contribution among women of working age has increased significantly in the past few years. The growing involvement of women together with mothers with newborn babies has led to the rise in sales of monitoring devices along with baby monitors. The increasing number of working parents is the key driver for the rising adoption of advanced baby monitors. In addition, advanced baby monitors assist parents in monitoring or looking after the baby’s movements and vital functions remotely through advanced mediums like on their smart phones or additional parent units such as mobile devices and others. Currently, the global labor force participation rate for women is about 49%, compared to 75% for men, representing a difference of 26% between women and men, with some regions facing a gap of more than 50%

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Based on product type, the Global Baby Monitoring Market is bifurcated into video and audio sectors. Video segment dominates the worldwide market and is projected to retain its supremacy throughout the forecast period. Based on distribution channel Global Baby Monitor Market can be classified into retail stores, supermarket or hypermarket, e-commerce, and specialty stores. The e-commerce segment has the highest market share which is projected to expand at about 9% over the forecast period. The availability and accessibility of an extensive variety of products in online retail stores is likely to be a main driver for online sales.

Furthermore, to better understand the overall adoption of baby monitoring technology, detailed analysis has been conducted for major region and country including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Spain, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of APAC) and Rest of World. North America is dominating the global baby monitors market, followed by Europe. This expansion is mostly due to increasing trend of nuclear families, growing spending ability of people, and increasing awareness of the benefits provided by these devices. In addition, Asia Pacific is also expected to experience substantial increase owing to varying lifestyles, rising consciousness in parents concerning childcare, and rising per-capita income.

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Some of the major players profiled in the report includes Samsung Electronics, Dorel Industries Inc., Summer Infant, Koninklijke Philips N.V.,     Lenovo Group Limited (Motorola), VTech Communications, Inc., Arlo Technologies Inc., Panasonic Corp., Sony Corporation, Snuza International, etc.  

Global Baby Monitor Market Segmentation

Market Insights, by Product Type

  • Audio
  • Video

Market Insights, by Connectivity Type

  • Wired
  • Wireless

Market Insights, by Distribution Channel

  • Retail Stores
  • Supermarket/Hypermarket
  • E-commerce
  • Specialty stores

Market Insights, by Region

  • North America Baby Monitoring Market
    • United States
    • Canada
    • Rest of North America
  • Europe Baby Monitoring Market
    • United Kingdom
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific Baby Monitoring Market
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Rest of World Baby Monitoring Market

Top Company Profiles

  • Samsung Electronics
  • Dorel Industries Inc.
  • Summer Infant
  • Koninklijke Philips N.V.
  • Lenovo Group Limited (Motorola)
  • VTech Communications, Inc.
  • Arlo Technologies Inc
  • Panasonic Corp.
  • Sony Corporation
  • Snuza International

Baby Monitor Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements

Category : business

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