Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Baby Wireless Monitor Market size was valued at USD 1.14 billion in 2024 and is expected to reach USD 2.58 billion by 2037, expanding at around 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of baby wireless monitor is evaluated at USD 1.2 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 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
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.5% |
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Base Year Market Size (2024) |
USD 1.14 billion |
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Forecast Year Market Size (2037) |
USD 2.58 billion |
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Regional Scope |
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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:
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By Product |
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By Distribution Channel |
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By Component |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
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, North America industry is expected to hold largest revenue share of 30% by 2037. 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.
Companies Dominating the Baby Wireless Monitor Landscape
- 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
Recent Developments
- 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.
- Report ID: 308
- Published Date: Dec 06, 2024
- Report Format: PDF, PPT
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