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Next Generation Baby Monitors Market : Global Demand Analysis & Opportunity Outlook 2024

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Next Generation Baby Monitors Market Overview

Next generation baby monitors are referred to a wearable baby monitor devices. Next generation baby monitors are either installed in the baby clothing or attached with baby cloth. These baby monitors are connected with phone or tablets via wi-fi or bluetooth to give real time data about the baby breathing, sleep activity, body position, and even skin temperature. Next generation baby monitors sends an alert message whenever there’s a problem.

Market Size and Forecast

The global next generation baby monitors market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, next generation baby monitor market is riding on the back of numerous factors such as growing adoption of new technology for monitoring the baby and rising disposable income of the population.

In terms of regional platform, North America and Europe are the most prominent regional market for next generation baby monitors in 2016. North America is expected to dominate the overall market of next generation baby monitors by the end of 2024 aided by U.S. Further, rapid adoption of technological advance devices in this region is believed to fuel the growth of next generation baby monitors market. Moreover, presence of major key players of baby monitor devices is envisioned to foster the growth of next generation baby monitors market.

Next Generation Baby Monitors Market

Europe region captured the second the largest market in next generation baby monitors market in terms of revenue in 2016. Additionally, rapid urbanization and growing concerns among the working parents for monitoring their baby are projected to boost the demand for next generation baby monitors. Likely, Western Europe countries such as Germany, U.K., France and others are the major contributor in the market of next generation baby monitors in Europe region.CLICK TO DOWNLOAD FREE SAMPLE

Asia-Pacific region is projected to be the fastest growing next generation baby monitors market owing to swelled disposable income of the population. Additionally, this region is most lucrative market across the globe owing to emerging economies such as India and China.

Market Segmentation

Our in-depth analysis segmented the global next generation baby monitors market in the following segments:

By Distribution Channel

  • Online Store
  • Offline Store

By Region

Global next generation baby monitors market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Rising concerns among the working parents for monitoring their baby activities and growing adoption of advanced technology by the consumers are envisioned to foster the growth of next generation baby monitors market across the globe. Moreover, spiked penetration of internet of things in consumer electronic devices and growing research and development activities by major key players of baby monitor are believed to be the dynamic factor behind the rapid growth of next generation baby monitors market by end of 2024.

Furthermore, rapid urbanization coupled with rising disposable income of the population and increasing per capita income spending on child care products across the globe are projected to flourish the growth of next generation baby monitors market. Likely, growing penetration of online retailers along with wide availability of baby monitors devices is anticipated to flourish the growth of next generation baby monitors market.

However, high cost of next generation baby monitors and lack of awareness related to next generation baby monitors are believed to dampen the growth of next generation baby monitors market over the forecast period.

Key players

The major key players for next generation baby monitors market are as follows

  • Daatrics Ltd.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Rest Devices, Inc.
  • MonDevices.
  • Sproutling Inc.
  • Owlet Baby Care Inc.
  • Snuza Inc.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global next generation baby monitors market is segmented as follows:

  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment


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