Advanced Baby Monitors Market Overview
The Advanced Baby Monitors Market is projected to register an outstanding CAGR of 9.20% to reach the revenue of around USD 1880.57 million by the end of the year 2025. The advanced baby monitors are used to monitor the newborn baby’s movements, Certain vital body functions like movements, breathing, etc. are all also monitored. These monitors are wireless devices and work efficiently on WIFI networks. These monitors include monitoring both the baby unit and the parent unit. Many families are nuclear families today, and both of the parents are employed. So the concern regarding the baby’s health forces them to adopt the advanced baby monitors.
Apart from this factor, the availability of advanced baby monitors on the online platform also boosts the advanced baby monitors market. However, the cost of these advanced baby monitors is very expensive and may hamper the market’s growth. When the effect of the pandemic situation COVID’19 is analyzed, even the advanced baby monitors market was affected very badly. The strict imposition of lockdown by respective governments restricted the movement of people. Most employed youth either lost their jobs or continued their duties by working from home. Now, the situation is coming under control; people are forced to join their duties. Hence, there is a chance of growth in the advanced baby monitors market.
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Advanced Baby Monitors Market Segmentation
The advanced baby monitors market can be segmented based on product, application, distribution channel, end-users, and geography. According to the product category, the market can be divided into wearable and stationary types. According to the distribution channel, the market can be divided into online and offline. According to the geography category, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world. The segments like research organizations, importers, exporters, industrial end-users, suppliers, and traders come under the application category. The segments like home care and daycare come under the end-users category.
Advanced Baby Monitors Market Regional Classification
The global analysis related to superiority and dominance states that the North American segment in the geography category dominates the market due to affordability of the products by the residing population, increased awareness. The research organizations segment in the application category has the largest share in the market growth. Since the baby monitors are available on the online platform, the demand for the product made it dominate the advanced baby monitors market.
Advanced Baby Monitors Market Competitive Landscape:
Notable players to make a mark in the advanced baby monitors market are Angelcare (Canada), The First Years, Inc. (U.S.), Mayborn Group (U.K.), Samsung Electronics Co. Ltd. (South Korea), Lorex Technology Inc. (Canada), Summer Infant, Inc. (U.S.), MonDevices (U.S.), Snuza International (South Africa), Owlet Baby Care (U.S.), MOTOROLA HOME (U.S.), Graco Children’s Products, Inc. (U.S.), Safety 1st (U.S.), and Koninklijke Philips N.V. (Netherlands).
Temp Traq has launched recently a first-of-its-kind wearable temperature monitor that can, with the assistance of Bluetooth device, transmit regular temperature updates to a smartphone. This would ease the monitoring process of the child for parents.
Miniplus, on the other hand, is a camera with a motion detector and wi-fi that allows parents to watch their baby and triggers alarm if it senses some unusual happenings.
Owlet Smart Sock provides parents with real-time information regarding the child’s heart rate and oxygen intake.
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Advanced Baby Monitors Industry News
The increase of the youth population where both the parents are employed, affordability to bear the baby monitors, increased awareness of the technology in the developed countries is the main reason for the growth in the advanced baby monitors market. But in developing countries, even though the youth are concerned about their baby, non-affordability to bear the baby monitors cost hampers the market. Most of the population in developing countries are not aware of the new advancements achieved in the monitoring segment. So, focusing on these aspects will also boost the advanced baby monitors in developing countries.
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