The baby monitor market is estimated at USD 567 Million in 2022 and is projected to reach USD 1,264 Million by 2032, growing at a CAGR of 8.3% from 2022 to 2032.
The baby monitor market accounts for ~10% of global baby care products market in 2022 and is expected to grow due to increased awareness about child safety, rise in birth rate and consumer willingness to spend on baby care products. Baby monitor market is expected to gain an absolute $ opportunity of USD 697 Million during the assessment period (2022-2032).
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Baby Monitor manufacturers are focusing on offering innovative product designs to fulfill changing consumer needs. Key manufacturers are joining hands with reputed brands in order to reach out to a border set of audiences by way of new product launches. For instance,
- February 2021, Infant monitoring technology brand Owlet declared merger with SPAC a company selling connected wearables and intelligent monitors. They plan to seek FDA approval for new product developments in the future.
- June 2019, Summer Infants SUMR™ Brands have made certain alterations to its corporate identity and brand strategy based on changing consumer preference and buying patterns. SUMR™ will be positioned as a modern retail company serve latest trending retail products in market.
Global Baby Monitor Market by Category
By Product Type :
- Audio Baby Monitor
- Video Baby Monitor
- Motion Sensor Baby Monitor
By Connectivity :
By Sales Channel :
- Retail Stores
- Specialty Store