Advanced Baby Monitor Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, UK, China, Germany, Japan - Size and Forecast 2024-2028

Advanced Baby Monitor Market Size 2024-2028

The advanced baby monitor market size is forecast to increase by USD 637.3 million at a CAGR of 12.48% between 2023 and 2028.

• The market is witnessing significant growth due to the increasing trend of millennial parents embracing tech-savvy solutions for modern parenting. These parents prioritize real-time information and monitoring technologies to ensure their child's wellbeing. Consequently, baby care product manufacturers are innovating with features like data centers, metrics, and audio and video capabilities to cater to this demand. However, the high price point and low awareness levels pose challenges for market growth. To mitigate these challenges, companies are focusing on omnichannel distribution strategies and premiumizing their offerings through luxury product designs. Despite these efforts, the market faces competition from audio-only monitors, which offer a more affordable alternative.

What will the size of the market be during the forecast period?

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• Advanced baby monitors have revolutionized infant safety by integrating technology into traditional baby monitoring systems. These innovative devices offer features beyond simple sound monitoring, including artificial intelligence (AI) capabilities for detecting irregularities in an infant's sleep patterns, identifying potential health risks such as sleep apnea, and even recognizing specific cries for different needs. Advanced baby monitors cater to various demographics, including single parent households, working parents, home caregivers, and daycare providers. With the increasing number of working professionals, particularly women, these smart devices have become essential tools for maintaining peace of mind while balancing work and family life. However, with the integration of technology comes cyber security risks.

• Manufacturers prioritize securing these devices against potential hacking threats to ensure the privacy and safety of families. Additionally, some advanced baby monitors may exhibit gender biases, raising concerns for women professionals. Nuclear families and larger households can benefit from multiple portable receivers and devices, which can be connected via radio transmitter or video transmitter technology. Cool features like sensors, night vision, and online advertising capabilities further enhance the user experience. Overall, advanced baby monitors offer a comprehensive solution for modern families seeking peace of mind and convenience.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Distribution Channel
  • Offline
  • Online
• Product
  • Under-the-mattress
  • Diaper attachment
  • Smart wearable
  • Other formats
• Geography
  • Europe
    • Germany
    • UK
  • North America
    • US
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

By Distribution Channel Insights

• The offline segment is estimated to witness significant growth during the forecast period.

Millennial parents, being tech-savvy and knowledgeable, have embraced modern parenting trends that prioritize real-time information and advanced monitoring technologies for their little ones. Baby care products, including audio and video baby monitors, have evolved significantly, transforming from basic audio-only models to high-tech devices equipped with data centers and metrics for comprehensive baby care. While offline sales through specialty stores, department stores, and retail outlets still exist, the market is witnessing a shift towards online platforms due to the convenience and accessibility they offer. To cater to this trend, companies are expanding their reach by partnering with local retail entities and online marketplaces, ensuring their products are readily available to tech-savvy parents.

Despite the growing popularity of luxury, high-tech baby monitors, there is still a significant portion of the market with low awareness and preference for traditional audio-only monitors.

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The offline segment was valued at USD 345.00 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• Europe is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Advanced baby monitors have gained significant popularity among millennial parents, particularly in Western Europe, due to the increasing trend of tech-savvy modern parenting. These monitoring technologies provide real-time information and metrics, enabling parents to ensure their baby's well-being with ease. Advanced baby monitors offer audio and video capabilities, providing peace of mind for parents who want to keep a close eye on their nursery. Emerging regions in Eastern Europe are expected to exhibit substantial growth in the market, driven by rising living standards, urbanization, and increasing Internet and smartphone penetration. The top markets for these baby care products are Germany, France, Italy, the U.S., the UAE, and South Africa, where stronger Internet penetration and growing e-commerce facilitate sales. Despite the popularity of advanced baby monitors as luxury products, awareness remains relatively low, indicating significant potential for market expansion.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of the Advanced Baby Monitor Market?

Innovation in technology and product design and features leading to premiumization is the key driver of the market.

• The market is witnessing significant improvements with the integration of advanced features such as video streaming, Wi-Fi, and Bluetooth connectivity. These technologies enable parents to keep a closer eye on their babies from a distance, providing greater convenience and peace of mind. The demand for such premium products is on the rise, driven by the increasing number of employed women and the growing concern for infant safety measures. Advanced baby monitors, which include movement monitors, offer a new product category in the baby monitor market. These monitors provide superior-quality audio and video feeds, ensuring that parents are always informed of their baby's well-being.

• The Internet of Things (IoT) technology is also playing a crucial role in the development of advanced baby monitors, enabling real-time data transfer and remote access. Overall, technology innovation and product design are leading to product premiumization in the baby monitor market, meeting the evolving needs of modern parents.

What are the market trends shaping the Advanced Baby Monitor Market?

Access to distribution channels through omnichannel strategies is the upcoming trend in the market.

• The market has witnessed significant advancements in recent years, driven by the increasing focus on convenience and infant safety measures. Brands are investing in enhancing the features of their products, integrating technologies such as Wi-Fi and Bluetooth for seamless connectivity. Parents can now monitor their babies through real-time video streaming, receive notifications for movement and sound, and use speakers to soothe their infants from a distance.
• The Internet of Things (IoT) has played a crucial role in the development of these advanced features, allowing people to monitor their homes and children from anywhere. Online retailers are capitalizing on this trend by creating informative and interactive websites, enabling customers to compare different baby monitors and read reviews before making a purchase. The emergence of omnichannel retailing is further catering to the needs of tech-savvy parents, offering a seamless shopping experience across multiple channels.

What challenges does the Advanced Baby Monitor Market face during its growth?

Lack of awareness and high price of advanced baby monitors is a key challenge affecting the market growth.

• The market is witnessing moderate growth due to the lack of awareness and high cost of these devices. While people in developed countries have embraced advanced baby monitors for their convenience and improved safety measures, such as video streaming through Wi-Fi and Bluetooth connectivity, the adoption in developing countries is still limited. In regions like Eastern Europe, MEA, and APAC, these monitors are perceived as luxury items.

• To address this, market players are focusing on increasing awareness about the benefits of advanced baby monitors, particularly in developing regions. These benefits include real-time movement detection and IoT-enabled features that enhance infant safety. Despite these efforts, the market growth is hindered by the high cost and limited awareness among parents, particularly in developing countries.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Baby Control Digital
• Cubo Ai
• Dorel Industries Inc.
• Hisense Ltd.
• iBaby Labs Inc.
• Jablotron
• Koninklijke Philips N.V.
• Lorex Technology Inc.
• Motorola Mobility LLC
• Nanit
• Owlet Inc.
• Panasonic Holdings Corp.
• Safetosleep
• Samsung Electronics Co. Ltd.
• Snuza
• Summer Infant Inc.
• The Holding Angelcare Inc.
• VTech Holdings Ltd.
• WiFi Baby
• Withings

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Advanced baby monitors have revolutionized infant safety by integrating technology such as artificial intelligence (AI) to enhance baby care. These devices offer cool features like video streaming, Wi-Fi, and Bluetooth connectivity, providing real-time information to parents. The market for advanced baby monitors caters to various demographics, including single parent households, working parents, daycare centers, and working professionals. Artificial intelligence plays a significant role in advanced baby monitors, offering features like sleep apnea detection and health risk alerts. The devices are available as smart baby monitors, which include digital and video transmitters, portable receivers, and speakers. The market is witnessing improvements in movement monitors, which use IoT technologies to provide convenience and peace of mind to parents.

Moreover, cyber security risks and gender biases are emerging concerns in the market. Millennial parents, who are tech-savvy and knowledgeable about modern parenting trends, are driving the adoption of these devices. The market for advanced baby monitors is expanding, with people integrating these electronic devices into their homes as essential baby care products. Despite the advantages, there are challenges such as privacy concerns, signal transmission, and radiation. The market is witnessing the penetration of digital signals and eco mode in baby monitors, offering clearer audio and video and reducing energy consumption. The market for advanced baby monitors is growing, with companies like Dorel Industries investing in online advertising, company-owned websites, and multi-product brochures to increase awareness and preference for their devices.

Furthermore, baby breathing monitors are a luxury product in the market, offering real-time data centers and metrics to parents. The market for advanced baby monitors is witnessing the emergence of audio and video monitors, with a preference for digital signals over analog. The market is also witnessing the adoption of movement monitors, which use digital signals for improved clarity and precision. The market for advanced baby monitors is witnessing the emergence of conventional baby monitors with handheld devices and analog signals being replaced by digital signals. The market is also witnessing the integration of AI and IoT technologies, offering features like real-time information and convenience to parents.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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