• Stacy Lawlor

Global Digital Baby Monitor Market Size to grow USD 2.6 Bn in 2028

The Global Digital Baby Monitor Market Size was valued at USD 1.5 Bn in 2021. The market is projected to grow USD 2.6 Bn in 2028, at a CAGR of 13.6%.

Global Digital Baby Monitor Market Size to grow USD 2.6 Bn in 2028

Baby monitors are used to keep an eye on infant to connect directly with the parents through audio and video monitoring. They are used by parents to keep track of their children's movements while they are away.

Global Digital Baby Monitor Market Size

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The launch of new products in the interactive baby monitor market has been facilitated by rapid advancements and funding of new start-ups in the baby movement monitor market. Along with the standard motion detection function, vendors are integrating other features like as ECG monitoring, oxygen level and body temperature devices. The sale of smart gadgets has exploded as a result of a number of causes, including increased awareness of infant safety (SUID), increased IoT penetration in various industries, the growing popularity of smart baby monitors, and rising per capita income. In addition, the introduction of smart baby monitors with AI integration is assisting market expansion globally. Arlo's baby monitor, for example, may be monitored using Amazon's Echo Show. To sync the gadget with Google Home or Chromecast, manufacturers are expected to integrate Google Assistant.


Due to technological advancements, the interactive baby monitor market is experiencing a boom in demand. Because of the growing impact of the internet on consumer purchasing decisions, increased awareness about newborn safety, the rise of movement monitors, and the popularity of smart baby monitors, the market is likely to develop even more throughout the forecast period. The interactive baby monitor market has grown globally as a result of rising demand from developing markets, widespread availability of digital baby monitors, innovation and technology developments, and improved marketing and visibility of baby monitoring goods online.


The video segment has dominated the market share of the global digital baby monitor market in 2020 owing to the increased usage of real-time interaction of parents with babies. The video monitor has multiple features such as night vision, zooming, tilting, and more convenient than conventional baby monitors. The wireless held the largest market share in 2020 of the global digital baby monitor market attributing to the increasing demand for user friendly smart devices in turn growing sales of wireless smart monitors. Easy use and simple design are some of the features which is fueling the growth of the global digital baby monitor market. The retail stores segment is dominated the market share in 2020 owing to the number of retail shops is increasing in both urban and rural locations. Furthermore, the availability of many types of monitors in these retail stores is a crucial element driving baby monitor sales through retail stores.

Global Digital Baby Monitor Market Size

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North America region is dominating the market share of global digital baby monitor market owing to the a growing awareness of the benefits given by these devices, a growing tendency of nuclear families, an increase in people's spending ability, and a growing understanding of the advantages provided by these items The advancement of these devices, as well as increased personal equity investment in the electronics sector in developed economies such as the United States and Canada, are contributing to the growth. Furthermore, the region is expected to see an increase in parental knowledge of childcare and strong retailing. For instance, according to the survey report by Centres for Disease Control and Prevention, around 3400 sudden unexpected infant deaths (SUID) in the region. And in 2019, there were about 1250 deaths in which 1,180 deaths due to unknown causes and 960 deaths due to accidental suffocation. However, Asia Pacific region is expected to witness highest growth rate during the forecast period of global digital baby monitor market due to the increasing disposable income and the rising number of population are the factors boosting the growth of the global digital baby monitor market.


KEY INDUSTRY DEVELOPMENTS:


January 2020- Procter & Gamble, Lumi by Pampers has showcased all-in-one connected baby care system in Consumer Electronics Show (CES) 2020. The company combines a smart HD video monitor with an activity sensor and brings the information together in an easy-to-use app.


October 2019- Edgewell Personal Care Company has sell their infant and pet care business to Holding Angelcare Inc for $122.5 million.


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https://extrapolate.com/Retail/baby-monitor/25650

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