Advanced Baby Monitor Market size to record USD 480.9 million growth from 2023-2027, Access to distribution channels through omnichannel strategies is one of the key market trends, Technavio
NEW YORK, April 11, 2024 /PRNewswire/ -- The global advanced baby monitor market size is estimated to grow by USD 480.9 mn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 10.75% during the forecast period. The advanced baby monitor market is witnessing significant growth due to e-commerce's rise. Brands invest in account management, supply chain, and product assortment enhancements. Interactive websites offer expert advice, product comparisons, and customer reviews. Vendors develop omnichannel retailing with holistic distribution channels. Key products include Wi-Fi, video, motion sensor, wearable, remote viewing, portable, connected, audio, baby camera, digital, smartphone, high-tech, smart nursery, infant safety, wireless, baby sleep tracker, real-time, video streaming, HD, temperature monitoring, wearable sensor, secure, baby surveillance, AI, sleep tracking, parenting assistance, multi-camera, voice-controlled, advanced monitoring solutions, baby safety alarms, video recording, Bluetooth, and nursery environment monitors.
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Innovation Sparks Market Growth:
The Advanced Baby Monitor Market is experiencing significant growth due to the increasing focus on enhancing sales experience in the e-commerce sector. Brands are investing in strategies for account management and supply chain management, while also expanding product assortments. Smart Baby Monitors, Wi-Fi Baby Monitors, Video Baby Monitors, Motion Sensor Monitors, Wearable Baby Monitors, and Remote Viewing Monitors are some of the high-tech baby monitoring systems available. These monitors offer features like real-time baby monitoring, temperature monitoring, and sleep tracking. Connected Baby Monitors, Baby Camera Systems, Digital Baby Monitors, and Smartphone Baby Monitors enable parents to monitor their infants using their smartphones. High-tech baby monitors also include advanced monitoring solutions like Parental Control Monitors, Infant Breathing Monitors, and Cloud-Based Baby Monitors. Additionally, there are Long-Range Baby Monitors, Baby Safety Alarms, and Baby Surveillance Systems for enhanced security. AI Baby Monitors, Sleep Tracking Monitors, and Parenting Assistance Monitors are some of the latest innovations in this market. Overall, the Advanced Baby Monitor Market is witnessing a surge in demand for smart, connected, and advanced infant monitoring devices.
Addressing Challenges:
The Advanced Baby Monitor Market encompasses a range of Smart Nursery Devices, including Infant Safety Monitors, Wireless Baby Monitors, Baby Sleep Trackers, Baby Room Monitors, and Smartphone App Monitors. These advanced technologies offer features such as Baby Health Monitors, Long-Range Baby Monitors, Parental Control Monitors, Infant Breathing Monitors, Cloud-Based Baby Monitors, Baby Movement Monitors, Real-Time Baby Monitors, Video Streaming Monitors, HD Baby Monitors, Baby Sound Monitors, Temperature Monitoring Devices, Wearable Sensor Monitors, Secure Baby Monitors, Baby Surveillance Systems, AI Baby Monitors, Sleep Tracking Monitors, Parenting Assistance Monitors, Multi-Camera Baby Monitors, Voice-Controlled Baby Monitors, and Advanced Monitoring Solutions. Despite their benefits, the market growth is hindered by the high price and lack of awareness in developing countries. In 2017, only four to five advanced baby monitors were sold for every 100 babies born in APAC. The adoption is also affected by the perception of these devices as luxury products in regions like Eastern Europe, MEA, and APAC. Advanced Baby Monitor Market includes Baby Safety Alarms, Video Recording Monitors, Bluetooth Baby Monitors, Nursery Environment Monitors, High-Resolution Baby Monitors, Parenting Support Systems, Infant Activity Trackers, Touchscreen Baby Monitors, Real-Time Alerts Monitors, Smart Sleep Monitors, Baby Care Technology, Smart Breathing Monitors, AI-Powered Baby Monitors, Mobile Connectivity Monitors, and Advanced Infant Monitoring. Infrared Baby Monitors and Parental Monitoring Systems are also part of this market.
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Analyst Review
The Advanced Baby Monitor Market encompasses a range of innovative technologies designed to ensure the safety and well-being of infants. Smart Baby Monitors, a significant segment of this market, leverage Wi-Fi connectivity and motion sensor technology to provide real-time updates on infant activity. Video Baby Monitors offer visual insights into the baby's environment, while Infant Monitoring Devices provide essential health data such as heart rate and temperature. Wi-Fi Baby Monitors offer the convenience of remote access, enabling parents to check in on their little ones from anywhere. Overall, the Advanced Baby Monitor Market continues to evolve, offering increasingly sophisticated solutions to meet the unique needs of modern families.
Market Overview
The Advanced Baby Monitoring market is experiencing significant growth due to the increasing demand for innovative and technologically advanced baby care solutions. Systems such as Smart Baby Monitors, Infrared Baby Monitors, and Wi-Fi Baby Monitors are gaining popularity. These monitors offer features like temperature sensing, two-way audio communication, night vision, and real-time streaming. Devices like Breathing Monitors and Movement Sensors are also part of this market, providing parents with peace of mind and enhanced safety for their infants. The market is driven by factors like rising disposable income, increasing awareness about child health, and the convenience offered by these advanced systems. The market is expected to continue its growth trajectory in the coming years.
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Key Companies:
Advanced Baby Monitor Market is fragmented ; the companies are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major companies have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products. Advanced Baby Monitor Market report includes information on the product launches, sustainability, and prospects of leading vendors including Baby Control Digital, Cubo Ai, Dorel Industries Inc., Hisense Ltd., iBaby Labs Inc., JABLOTRON Group AS, Koninklijke Philips NV, Lorex Technology Inc., Motorola Mobility LLC, Nanit, Owlet Inc., Panasonic Holdings Corp., Safetosleep, Samsung Electronics Co. Ltd., Snuza International Pty. Ltd., Summer Infant Inc., The Holding Angelcare Inc., VTech Holdings Ltd., WiFi Baby, Withings France SA
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Website: www.technavio.com/
SOURCE Technavio
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