Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Advanced Baby Monitors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Advanced Baby Monitors is estimated at US$772.2 Million in 2023 and is projected to reach US$1.4 Billion by 2030, growing at a CAGR of 9.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the advanced baby monitor market is driven by several factors, including technological advancements, increasing consumer demand for connected and intelligent products, and a rising focus on child safety. As more parents become accustomed to smart technology, there is a growing expectation for baby monitors to do more than just provide audio or video feedback.
The demand for devices that offer health tracking, environment monitoring, and real-time alerts is increasing. Technological innovations have also made it possible to incorporate sophisticated sensors that can monitor a baby's breathing, heart rate, and even movements without any physical contact.
Additionally, the global rise in dual-income households has heightened the need for baby monitors that enable remote monitoring, providing reassurance to parents while they are at work. These factors, combined with a heightened awareness of the benefits of connected health devices, ensure sustained growth and innovation in the advanced baby monitor industry, making it a vital component of modern parenting.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Offline Distribution Channel segment, which is expected to reach US$906.1 Million by 2030 with a CAGR of a 8.5%. The Online Distribution Channel segment is also set to grow at 10.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $210.4 Million in 2023, and China, forecasted to grow at an impressive 12.5% CAGR to reach $295.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Baby Control Digital, Cubo Ai (Yun Yun AI Baby Camera Co., Ltd.), Hisense Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 174 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $772.2 Million |
| Forecasted Market Value (USD) by 2030 | $1400 Million |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Advanced Baby Monitors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Parental Concerns About Infant Safety Drive Adoption of Advanced Baby Monitors
- Integration of Wi-Fi and IoT in Baby Monitoring Technology
- Increasing Birth Rates in Developing Countries Bodes Well for Growth
- Influence of Dual-Income Households on Consumer Electronics for Childcare
- Eco-Friendly and Non-Invasive Monitoring Solutions Gain Popularity
- Impact of Online Retail on Consumer Access and Pricing Strategies
- Role of User Reviews and Social Proof in Consumer Decision Making
- Mobile Application Integration and its Effects on User Experience
- Trends in Parenting Styles and Their Influence on Baby Monitor Technology
- Innovations in Video and Audio Monitoring Capabilities
- Safety Recalls and Their Impact on Brand Trust and Market Perception
FOCUS ON SELECT PLAYERS (Total 36 Featured)
- Baby Control Digital
- Cubo Ai (Yun Yun AI Baby Camera Co., Ltd.)
- Hisense Ltd.
- iBaby Labs, Inc.
- Jablotron Alarms a.s.
- Lorex Technology Inc.
- Nanit
- Owlet Baby Care, Inc.
- Panasonic Holdings Corp.
- Safetosleep
- Samsung Electronics Co. Ltd.
- Snuza International
- The Holding Angelcare Inc.
- Tommee Tippee (A brand of Mayborn Group)
- VTech Communications, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ghf48b
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