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.