Baby Wireless Monitor Market Size & Share, by Product (Audio Only Baby Monitor, Video Baby Monitor, Pan, Tilt Monitor, Wi-Fi & Remote Baby Monitor, Smart Baby Monitor); Distribution Channel (Online, Offline); Component (Display, Camera, Audio Device, Sensors) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 308
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Baby Wireless Monitor Market size is poised to reach USD 3 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of baby wireless monitor was over USD 1 Billion.The growth of the market can be attributed primarily to the increasing single-parent family worldwide. For instance, it is estimated that today more than 23 mil­lion children live in a single-parent families in the United States.

Baby monitors are basically baby alarms that allow parents to monitor their babies remotely. An audio monitor consists of a transmitter and microphone that allows parents and babies to communicate two-way. Baby monitors are primarily used to monitor the movement of babies when their parents are away from home or away from their surroundings. Audio baby monitors, fixed video monitors, and pan & tilt baby monitors are the most common types of baby monitors. Moreover, the increasing baby safety awareness, rise in purchasing power of people, increasing e-commerce platforms along with growing population are factors expected to drive global baby wireless monitor market growth over the forecast period. According to estimates, over the next 30 years, the world's population is projected to grow by 2 billion people, from 7.5 billion today to 9.6 billion in 2050 and possibly 10 billion by 2100.


Baby Wireless Monitor Market
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Baby Wireless Monitor Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Dual Working Family Environment - For instance, OECD countries in 2019 showed that 44% of two-partner families had both partners working full-time.In order to care for their children when they are not home, working parents rely heavily on nannies or digital facilities. In addition to increasing concerns about child safety, baby monitoring devices are also becoming more popular among parents. In addition to ensuring the safety of their babies, smart baby monitoring products enable parents to carry out their daily tasks more effectively.
  • Rise in Online Trade Globally- It was observed that as of the first half of 2019, online sales accounted for 15% of all U.S. retail sales, up from less than 10% in the year before. 
  • Growing Birth Rates Worldwide- For instance, there were approximately 3,650,200 babies born in the United States in 2021, a 1% increase over the number of babies born in 2020.
  • Growth in Personal Disposable Income Levels - According to the Bureau of Economic Analysis, the personal disposable income of Americans grew by USD 37.6 billion (0.2%) in July 2022, whereas personal income increased by USD 47.0 billion. 
  • Increasing Spending on Research and Development- World Bank statistics indicate that global research and development expenditures increased from 2.2% in 2018 to 2.63% of GDP in 2020.

Challenges

  • High Price Associated With Advanced Baby Monitors
  • Presence Of Product Alternatives In The Baby Wireless Monitor Market
  • Lack Of Accuracy Due To Technological Issues

Baby Wireless Monitor Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~6%

Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2033)

~ USD 3 Billion

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Baby Wireless Monitor Segmentation

Product (Audio Only Baby Monitor, Video Baby Monitor, Pan, Tilt Monitor, Wi-Fi & Remote Baby Monitor, Smart Baby Monitor)

The global baby wireless monitor market is segmented and analyzed for demand and supply by product into audio-only baby monitor, video baby monitor, pan and tilt monitor, Wi-Fi & remote baby monitor and smart baby monitor. Among these segments, the smart baby monitor segment is anticipated to capture the largest market size in the global baby wireless monitor market owing to the rising innovations in electronic devices, rise in personal income, and increasing spending on babysitting in developed countries. It was observed that the value of babysitting and childcare services in the United States in the year 2021 was USD 104 per consumer unit. In addition, the benefits of smart baby monitor such as tracking the small movements of babies are anticipated to augment segment growth over the forecast period.

Our in-depth analysis of the global market includes the following segments:

        By Product

  • Audio Only Baby Monitor
  • Video Baby Monitor
  • Pan And Tilt Monitor
  • Wi-Fi & Remote Baby Monitor
  • Smart Baby Monitor

        By Distribution Channel

  • Online
  • Offline

         By Component

  • Display
  • Camera
  • Audio Device
  • Sensors
  • Others

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Baby Wireless Monitor Industry - Regional Synopsis

Regionally, the global baby wireless monitor market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033 backed by the increasing number of working women population in the region. For instance, in the United States, nearly 71 million women were employed in the year 2021, an increase from 68 million women in the year 2020. Additionally, improved technology in infrastructure, rising adoption of advanced baby products, and the rising number of nuclear families along with the emergence of innovative smart electronic devices are factors expected to drive baby wireless monitor market growth in the region during the forecast period.

Research Nester
Baby Wireless Monitor Market Size
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Companies Dominating the Baby Wireless Monitor Landscape

top-features-companies
    • Hero Electronix.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Koninklijke Philips N.V.
    • Samsung Electronics Co. Ltd.
    • Dorel Co. Ltd.
    • Lorex Technology Inc.
    • Owlet Baby Care Inc.
    • Sproutling Inc.
    • AngelCare Monitors
    • Drop Cam Inc.
    • Summer Infant Inc

In-the-news

In The News

  • A new technology announced by Owlet Baby Care Inc. enables parents to get better sleep, as well as their babies: Predictive Sleep Technology and the Owlet Cam 2.
  • By acquiring Zenatix, Hero Electronix is introducing new solutions to its existing clients and expanding into new markets.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 308
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

High employment rate, increasing purchasing power, coupled with rise in online sales and platforms are the major factors driving the growth of the baby wireless monitor market.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2033.

High price associated with advanced baby monitors is expected to hinder market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Hero Electronix., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Dorel Co. Ltd., Lorex Technology Inc., Owlet Baby Care Inc., Sproutling Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, distribution channel, component and, by region.

The smart baby monitor segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Baby Wireless Monitor Market Report Scope
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