Baby Monitor Market Size 2022 Forecast

Baby monitors are devices that allow parents to see their children from another room. They come in various shapes and sizes, including wireless models that connect to smartphones or tablets. The baby monitor market size has grown substantially over the last decade, with sales expected to reach $1.5 billion by 2023.

Baby monitors are becoming more affordable, allowing new families to purchase them at a lower price point. As such, they are also being adopted by older generations who want to stay connected to their children.

baby monitor market size 2022 forcast

What was the size of the global baby monitor market in 2022?

The global baby monitor market is expected to reach USD 3.9 billion by 2022, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.6% from 2016 to 2022. Growth can be attributed to factors such as increasing number of babies and parents opting for high-tech products, rise in awareness about benefits of using monitors, and growing demand for smart devices. 

What would be the forecast period in the market report?

The global market for smart home security systems is expected to grow from USD 5.3 billion in 2018 to USD 7.5 billion by 2023, at a CAGR of 6.8% during the forecast period (2018-2023). Smart home security system includes various sensors that are installed on doors, windows, and other entry points. These sensors collect data related to temperature, humidity, air quality, motion, light, sound, and so on.

Baby monitor market size worldwide from to in billion US dollars. Market Forecast till 2023 is given with CAGR (Compound Annual Growth Rate) and sales volume, revenue and growth rate of the global baby monitors market.

The report on Global Baby Monitors Market 2018-2023 provides a comprehensive analysis of the key industry trends and dynamics affecting the market. It also covers the drivers, restraints, opportunities, and challenges faced by the vendors operating in this market.

This research study analyzes the current scenario and future prospects of the global baby monitors. The report studies the global baby monitors market based on product type, application, end user, and geography.

This report provides an overview of the global baby monitors industry including definitions, classifications, applications, chain structure, companies involved, competitive landscape, and the policies adopted by the government.

Smart Baby Monitor Market Growth Trends?

The global baby monitor market size is estimated to reach USD 2.4 billion by 2020, according to a new report published by Grand View Research, Inc. The increasing number of children in the U.S., along with growing awareness about child safety issues have led to increased adoption of smart baby monitors. In addition, technological advancements in smart baby monitors has enabled them to offer more features than traditional baby monitors. This has resulted in higher penetration of smart baby monitors among consumers. 

Impact of covid on Baby Monitor Market?

The coronavirus disease 2019 (COVID-19) has spread rapidly around the world, and it is expected to have a significant impact on the global economy. The outbreak of COVID-19 in Hong Kong was first reported in December 2019, followed by cases in many countries across the globe. As per WHO, there were over 1 million confirmed cases of COVID-19 globally as of March 28, 2020. Many governments have imposed travel restrictions or quarantines to prevent further spread of the virus. According to the World Health Organization (WHO), the pandemic could affect the global economy. The effect of the pandemic will depend upon the severity of the situation. If the situation worsens, then the economic impact may be severe.

Who are the Major Baby Monitors Market Vendors?

The global baby monitors market is segmented by product, application and geography. The major players in this market include Philips (Netherlands), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (Korea), Panasonic Corporation (Japan), GE Healthcare (US), Infant Optics (US), Fisher & Paykel Healthcare (New Zealand), Philips (Germany), Motorola Solutions (US), Honeywell International Inc. (US), General Electric Company (US), VTech (Hong Kong), iBaby (US), Midea Group (Hong Kong), Philips (Belgium), Samsung Electronics (South Korea). 

The Market for Baby Monitor in AsiaPacific to be the Fastest Growing?

The global baby monitor market is expected to reach USD 3.3 billion by 2022, at a CAGR of 7% from 2017 to 2022. The growing demand for high-quality baby monitors and rising awareness about child safety are some of the key factors driving growth of the market in Asia Pacific. According to UNICEF, every year, nearly one million children die due to unsafe sleeping conditions. Moreover, the rate of deaths due to unsafe sleeping conditions is highest in developing economies such as India and Hong Kong. These factors are likely to drive the growth of the market in the region. 

Summary

In conclusion, baby monitors are a necessity for parents who want to keep track of their children while they sleep. They’re also great for babysitters who want to know where their charges are without having to wake them up. With that said, there are plenty of options available today. From traditional monitors to smart devices, there’s a model for everyone.

The key is finding the right one for your situation. For instance, if you’re planning on spending lots of time away from home, you’ll probably want a device that has a longer range than one that’s going to be used mostly in the bedroom. On the other hand, if you plan on using your baby monitor often, you’ll want a unit that doesn’t require charging too frequently.

Once you’ve found the perfect option, you’ll want to look at reviews to ensure that you’re buying a quality product. While it’s true that not all products are created equal, you shouldn’t have to pay through the nose to get a decent baby monitor. So shop around and find the best deal possible!