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.
Growth Drivers
Challenges
|
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 |
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 |
|
|
By Distribution Channel |
|
|
By Component |
|
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.
Author Credits: Abhishek Verma, Hetal Singh
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?