Trending: Portable Digital Baby Monitor Market Research Report
Portable Digital Baby Monitors By Product Type (Audio-only monitors, Video monitors, Movement detectors), By Connectivity (Wi-Fi or Bluetooth (wireless), Wired connections), By Distribution Channel (Supermarkets, Specialty stores), By End User (The residential sector, Hospitals, Daycare centers), and By Region: Analysis and Forecast 2024-2033
- Description
- Table of Content
- Methodology
- Key-Players
Description
The global portable digital baby monitor market size generated approximately $1.91 million in revenue in 2023 and is projected to reach $3.51 Billion by 2033, reflecting a forecasted compound annual growth rate (CAGR) of 6.36%.
Definition/Introduction of Portable Digital Baby Monitor Market
A portable digital baby monitor is a type of electronic monitoring device used by parents to watch over a baby from a remote distance. Most baby monitors are a two-unit system that includes a transmitter (located near the baby) and a receiver (held by the parent). The transmitter uses audio and/or video signals from baby’s room and sends it wirelessly to the receiver. New generation digital monitors may include advanced features such as clear HD video transmission, two-way talk, temperature sensor, and Wi-Fi dual camera connectivity with online access via smartphone or tablet.
Analysis & Prediction of Portable Digital Baby Monitor Industry
In the upcoming years, the industry for portable digital baby monitors is expected to grow steadily. The market is forecasted to reach $3.51 billion by 2033 from $1.91 billion in 2023, according to a research. This indicates a compound annual growth rate (CAGR) of about 6.36% during the period. The growth will be fueled by factors such as increasing urbanization, higher disposable income levels among people living in cities as well awareness about child safety.
Opportunities in the Global Portable Digital Baby Monitor Market
The worldwide portable digital baby monitor market is expected to record huge growth owing to the following factors:
- Rising Population of Working Parents: Growth in dual-income families is fuelling demand for safe baby monitoring systems.
- Advancements in Technology: Developments such as AI-powered baby monitoring, better connectivity and long battery life are making digital baby monitors attractive option.
- Increasing Awareness and Adoption: Safety concerns and convenience provided by these devices is prompting parents to spend on baby monitors.
Baby Monitor Market Trends
- Growing Trend Towards Smart Homes
A key trend in the baby monitor market is the increasing shift towards smart homes. As more people embrace smart home technologies and the Internet of Things (IoT), they seek ways to digitalize their homes and enhance infant safety. Smart baby monitors equipped with IoT technology allow parents to keep an eye on their children and listen to their sounds while they work, offering convenience and ease in childcare.
The integration with mobile apps has significantly boosted the growth of smart baby monitors. Innovations in child safety and care have driven the demand for these devices. Millennial parents, particularly in the US, Germany, China, and France, are increasingly adopting smart technologies for their babies, further fueling the market growth.
- Rise of Tech-Savvy Millennial Parents
Millennials, known for their tech-savviness and knowledge, are at the forefront of adopting smart technology for their babies. Modern parenting trends are transforming nurseries into connected data centers. This generation, accustomed to data, metrics, and real-time information, is embracing technology in parenting. Over the past few years, real-time baby health monitoring has become a breakthrough, despite the higher costs of these advanced monitoring technologies.
Millennials constitute over 27% of the global population, with a significant number living in emerging economies. With many millennial parents in countries like China, the US, Germany, and France working outside the home, the demand for digital baby monitors is expected to grow. Baby monitor vendors can also explore opportunities among millennial working parents in less saturated markets such as India, South Africa, Brazil, and Thailand.
Supply-Demand Chain Analysis of the Global Portable Digital Baby Monitor Industry
The portable digital baby monitor market supply-demand chain includes various prominent players in the manufacturing, supplying, distributing, and retailing of products.
- Manufacturers: They manufacture devices and in most cases, include the latest technology to remain competitive in the market.
- Suppliers: Suppliers offer components required for manufacturing baby monitors such as cameras, sensors, communication tools, etc.
- Distributors: Distributors are the entities that connect manufacturers with retailers for eventually distributing products in various markets.
- Retailers: Online and offline retailers are actively involved in making these products available to end users.
The demand for portable digital baby monitors is mainly triggered by parent’s safety and convenience concerns. The demand is abundantly met by the supply chain that ensures availability of advanced and reliable baby monitoring devices.
The worldwide portable digital baby monitor market is mainly dominated by few prominent manufacturers active in the manufacturing of products. Some of the prominent names included in the report are :
- Motorola
- Samsung
- Philips
- Infant Optics
- Summer Infant
- VTech
- Owlet Baby Care
- Nanit
- Angelcare
- D-Link
- Advanced Medical Electronics Corporation
- Medicalcue
- Designwise Medical
- Realtromins
- Lifewave
- Structured Monitoring Products
- Flexpoint Sensor Systems
These manufacturers are actively investing in offering advanced and reliable baby monitoring solutions.
Report Scope:
| Report Attributes | Report Description |
|---|---|
| Report Name | Portable Digital Baby Monitor Market Research Report |
| Market Size in 2023 | USD 2.49 Billion |
| Market Size By 2033 | USD 23.70 Billion |
| CAGR (2024-2033) | 25.11% |
| Base Year | 2023 |
| Historic Period | 2020 to 2022 |
| Forecast Period | 2024 – 2033 |
| Market Segments | By Product Type, By Connectivity, By Distribution Channel, By End User, and By Region |
| Comeptitive Landscape | Motorola, Samsung, Philips, Infant Optics, Summer Infant, VTech, Owlet Baby Care, Nanit, Angelcare, D-Link, Advanced Medical Electronics Corporation, Medicalcue, Designwise Medical, Realtromins, Lifewave, Structured Monitoring Products, Flexpoint Sensor Systems |
| Regional Analysis | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Customization Scope | Free report customization Available after purchase. Report segments, country based Customization will be provided. Moreover, additional customization can be done based on the requirements. |
Global Segmentation of Portable Digital Baby Monitor Market
The markets are segmented globally by:
Product Type: This includes audio-only monitors, video monitors, and movement detectors;
Connectivity: Wi-Fi or Bluetooth (wireless) as well as wired connections can be used for setting up these devices;
Distribution Channel: E-commerce platforms online/offline stores like supermarkets & specialty stores offline/online distribution channels etc., may sell them;
End User: The residential sector alone could also adopt it but we have seen hospitals utilize this before also daycare centers being not left out can benefit from using them commercially.
By Product Type
- Audio-only monitors
- Video monitors
- Movement detectors
By Connectivity
- Wi-Fi or Bluetooth (wireless)
- Wired connections
By Distribution Channel
- Supermarkets
- Specialty stores
By End User
- The residential sector
- Hospitals
- Daycare centers
Regions In High Demand For Portable Digital Baby Monitors Market Analysis
Different regions have different levels of need when it comes to portable digital baby monitors, below is an analysis of the various regions:
North America: This is the biggest market for these because people here earn a lot and hence can afford to buy them and they also have very good technology which makes everything easy including parenting;
The European Continent: A lot of growth is expected from this area where they say people have started realizing that both parents need to work for the family to have a better life so children must be left with nannies who might not be so experienced on matters safety thus creating demand awareness however this may not be sustainable since its only those few rich families who will afford such services;
Asia Pacific Region: The demand in these countries is incredible because the majority population is middle class and towns becoming more densely populated every day thus putting up apartments that do not allow for large spaces where babies can play hence need arises also towns are growing rapidly bringing together
Latin America and Middle East & Africa: Emerging markets with potential for growth due to increasing awareness and improving economic conditions.
The US Market for Portable Digital Baby Monitors: Size, Share, and Growth
The US market holds a significant share of the global portable digital baby monitor market, with an estimated value of USD XX million in 2023. And guess what? It’s expected to grow even bigger! Experts predict a compound annual growth rate (CAGR) of XX%, reaching approximately USD XX million by 2033. So why is this happening? Well, it’s because more and more people are adopting smart home devices, and there are also a lot of working parents out there. It’s all contributing to the growth of this market.
Moving across the pond to the UK, the market for portable digital baby monitors is valued at around USD XX million in 2023. And you know what’s exciting? It’s projected to grow at a CAGR of XX%, reaching USD XX million by 2033.
- Motorola
- Samsung
- Philips
- Infant Optics
- Summer Infant
- VTech
- Owlet Baby Care
- Nanit
- Angelcare
- D-Link
- Advanced Medical Electronics Corporation
- Medicalcue
- Designwise Medical
- Realtromins
- Lifewave
- Structured Monitoring Products
- Flexpoint Sensor Systems