Advanced Baby Monitors Market

Advanced baby monitors are generally used to monitor baby movements and vital body functions of the baby such as breathing. Advanced baby monitors mostly work through Wi-Fi networks and are wireless devices with a baby unit and a parent unit. The growing concern about baby’s health and well-being has led to the increase in adoption of advanced baby monitors in the recent years. Factors such as increasing number of working parents in both developing as well as developed countries and increasing trend of nuclear families contribute to the growth of the market. In addition to this, the easy availability of advanced baby monitors on online portals is expected to fuel the growth of the market. However, high cost associated with advanced baby monitors and lack of FDA approved baby monitors are likely to restrain the market growth over the forecast period.

The global advanced baby monitors market is growing at a rapid pace. The global advanced baby monitors market is expected to reach USD 1880.57 million by 2025 from USD 930.06 million in 2017 and is expected to register a CAGR of 9.20% during the forecast period from 2018 to 2025. In 2017, the market was led by the Americas with 48.0% share, followed by Europe and Asia-Pacific with shares of 31.8% and 15.6%, respectively.

The market has been segmented based on product, end-user, and region.

The global advanced baby monitors market on the basis of product has been segmented into stationary type and wearable type. On the basis of product, stationary type accounted for the largest market share of 79.9% in 2017, with a market value of USD 743.52 million, which is projected to register a CAGR of 9.09% during the forecast period. Wearable type segment accounted for market share of 20.1% in 2017, with a market value of USD 186.53 million, which is projected to register a CAGR of 9.61% during the forecast period.

The market based on end-user has been segmented into home care, day care, and others. Based on end-user, home care accounted for the largest market share of 87.0% in 2017, with a market value of USD 809.87 million, which is projected to register a CAGR of 9.39% over the assessment period. Day care segment accounted for market share of 9.3% in 2017, with a market value of USD 86.04 million, which is projected to register a CAGR of 9.22% over the assessment period.