Market Size of Baby Monitors Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.62 Billion |
Market Size (2029) | USD 2.54 Billion |
CAGR (2024 - 2029) | 9.45 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Baby Monitor Market Analysis
The Baby Monitors Market size is estimated at USD 1.62 billion in 2024, and is expected to reach USD 2.54 billion by 2029, growing at a CAGR of 9.45% during the forecast period (2024-2029).
- With the rising number of working professionals with a baby, the demand for baby monitors is also increasing. These professionals are more likely to use baby monitors to monitor their babies while at work, thus boosting the market's growth. Moreover, more companies are investing in research and development to innovate new products that are safer, more secure, and easier to use, attracting new consumers.
- There is a trend among companies to incorporate new technologies into their baby monitors, such as artificial intelligence. For instance, in July 2022, Cubo Ai, a Taiwanese tech startup, launched an AI Sleep Sensor Pad in addition to its Cubo Ai Plus Smart Baby Monitor to enhance new parents' safety and peace of mind. A unique feature of this product is its ability to detect a baby's breathing motion.
- In addition, the market is expected to be buoyed by increased per capita income, lifestyle changes, increased awareness of childcare, and robust retailing. Since fewer baby caretakers and maids are in developed countries, baby monitors and convenience products have become increasingly popular. This has increased dependency on monitoring devices, particularly in developed countries. In turn, this contributes to the growth of the market.
- However, with the increasing concerns about the cyber-security risks of digital devices, including baby monitors, governments of various countries are developing regulations that may increase the customer reliability of these products and thus boost the demand for baby monitors in the forecasted period.
Baby Monitor Industry Segmentation
An electronic device consists of a one-way radio or video transmitter and a portable receiver for remotely listening to or viewing an otherwise unaccompanied child. The baby monitors market is segmented by product type, mode of communication, distribution channel, and geography. Based on product type, the market is segmented into audio baby monitors, video baby monitors, and motion sensor baby monitors. Based on the mode of communication, the market is segmented into wired and wireless/Wi-Fi. Based on the distribution channel, the market is segmented into online retail stores, supermarkets/hypermarkets, specialty stores, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. For each segment, the market sizing and forecast have been done based on value (USD million).
Product Type | |
Audio Baby Monitor | |
Video Baby Monitor | |
Motion Sensor Baby Monitor |
Mode of Communication | |
Wired | |
Wireless/Wi-Fi |
Distribution Channel | |
Online Retail Stores | |
Hypermarkets/Supermarket | |
Specialty Stores | |
Other Distribution Channels |
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Baby Monitors Market Size Summary
The baby monitor market is experiencing significant growth, driven by the increasing number of working professionals with infants who require reliable monitoring solutions while at work. This demand is further fueled by advancements in technology, such as the integration of artificial intelligence, which enhances the safety and convenience of these devices. Companies are investing heavily in research and development to create innovative products that cater to the evolving needs of consumers. The market is also benefiting from rising per capita income, lifestyle changes, and increased awareness of childcare, particularly in developed countries where the reliance on monitoring devices is growing due to fewer available caretakers. Additionally, regulatory measures addressing cybersecurity concerns are expected to enhance consumer trust and boost demand for baby monitors.
North America leads the baby monitor market, supported by the trend of nuclear families, increased consumer spending, and heightened awareness of childcare benefits. The region's early adoption of advanced technologies and strong retailing presence contribute to its dominance. The competitive landscape is marked by the presence of both established and emerging players, with major companies focusing on product innovation and strategic partnerships to strengthen their market position. The market's growth is further supported by the increasing participation of women in the workforce, particularly in developing countries, which is shifting household spending towards products that enhance child safety and care. As a result, the baby monitor market is poised for continued expansion, with opportunities for players to capitalize on emerging trends and consumer preferences.
Baby Monitors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Audio Baby Monitor
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2.1.2 Video Baby Monitor
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2.1.3 Motion Sensor Baby Monitor
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2.2 Mode of Communication
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2.2.1 Wired
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2.2.2 Wireless/Wi-Fi
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2.3 Distribution Channel
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2.3.1 Online Retail Stores
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2.3.2 Hypermarkets/Supermarket
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2.3.3 Specialty Stores
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2.3.4 Other Distribution Channels
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Spain
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2.4.2.2 United Kingdom
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2.4.2.3 Germany
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2.4.2.4 France
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2.4.2.5 Italy
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2.4.2.6 Russia
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 South Africa
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East and Africa
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Baby Monitors Market Size FAQs
How big is the Baby Monitors Market?
The Baby Monitors Market size is expected to reach USD 1.62 billion in 2024 and grow at a CAGR of 9.45% to reach USD 2.54 billion by 2029.
What is the current Baby Monitors Market size?
In 2024, the Baby Monitors Market size is expected to reach USD 1.62 billion.