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The surging adoption of baby monitors is primarily propelled by the rising population of working parents. Both developed and developing nations have witnessed an escalation in the standard of living, leading to a necessity for both parents to engage in employment for financial stability. Consequently, this situation leaves parents unavailable to tend to their babies during their work hours, amplifying concerns regarding the security and well-being of their infants. In response to this need, advanced baby monitors have emerged as a solution, enabling parents to remotely monitor their baby's movements and vital signs using their smartphones or portable parent units.
According to data from the Bureau of Labor Statistics, there has been a significant shift in employment trends. Between February and April 2020, the unemployment rate among individuals capable of teleworking increased by 6 percentage points. Conversely, the rate surged by 14 percentage points for workers unable to telework. Notably, those capable of teleworking tended to be more educated, aged 25 or older, married, and employed full time. In 2019, the nonfarm payroll employment saw an expansion of 2.1 million, marking a 1.4% increase. This expansion signified the longest job recovery and growth period according to the Current Employment Statistics survey.
Moreover, the European Union recorded the highest employment rate among individuals aged 20 to 64 in 2019, standing at 73.1%, based on the European Union Labour Force Survey (EU-LFS). Collectively, these statistics indicate a global trend of increased workforce participation among parents. This surge in the number of working parents worldwide sets a conducive environment for the expansion of the baby monitor market.
The growing demand for baby monitors is intricately tied to the lifestyle shifts necessitated by economic realities. As parents increasingly engage in work to sustain their households, the need for reliable, technologically advanced baby monitoring solutions becomes imperative. The advent of these sophisticated baby monitors has enabled parents to maintain a watchful eye on their infants' activities and well-being, even while they are occupied with work commitments.
Therefore, the escalating trend of both parents entering the workforce globally has significantly influenced the growing demand for baby monitors. This shift in employment dynamics has fostered an environment where the necessity for remote monitoring solutions for babies has become increasingly prominent, thus substantiating the burgeoning market for advanced baby monitors.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | The growing reliance on baby monitor companies benefits a variety of industries around the world. |
| Market Dynamics | A growing proportion of working parents |
Advanced Baby Monitors Market Highlights:
Global Advanced Baby Monitors Market Overview
Advanced Baby Monitors Market Valued at USD 1.44 billion in 2023, projected to grow from USD 1.6 billion in 2024 to USD 2.87 billion by 2032, with a CAGR of 8.80% during the forecast period (2023 - 2032). Increased awareness regarding infant safety and growing demand for smart baby monitoring gadgets are the key market drivers enhancing the market growth. 
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Advanced Baby Monitors Market Trends
- Technological advancements boost market growth.
Market CAGR for advanced baby monitors is being driven by the advances in technology. In recent years, there has been a considerable growth in the development of new and creative technologies, allowing for the creation of modern baby monitors capable of monitoring a baby's movements, sounds, and other vital signs with higher accuracy and precision. The Internet of Things (IoT) is one of the most significant technological advances that has contributed to the creation of improved baby monitors. IoT has enabled devices to connect to the internet, allowing them to converse and share data with one another. This has enabled modern baby monitors to be linked to cellphones, tablets, and computers, providing parents and caregivers with real-time updates and alarms.
Artificial intelligence (AI) is another technical achievement that has aided in the development of improved baby monitors. AI has enabled baby monitors to learn and adapt to a baby's sleeping and breathing patterns, offering more accurate and dependable data. This technology has also enabled baby monitors to detect and alert parents to potential health risks such as sleep apnea or other breathing disorders. Finally, technological developments have been a major driving force in the development of improved baby monitors. As technology advances, we can expect to see ever more powerful baby monitors capable of offering even higher accuracy and precision in monitoring a baby's movements, sounds, and other vital indicators.
Additionally, with more and more parents working outside the home, there is a growing need for devices that can help them keep an eye on their newborns while they are away. Advanced baby monitors enable parents to watch their baby's movements, sounds, and other vital signs from anywhere at any time, making it easier for them to balance work and family commitments. Furthermore, changing lifestyles have increased the number of single-parent households & families with two working parents. In these cases, modern baby monitors can be very useful, giving parents the piece of mind that comes from knowing their kid is safe and secure even when they are not around to keep an eye on them.
Finally, changing lifestyles have increased the amount of parents concerned about their child's health and well-being. Advanced baby monitors can give parents vital insights into their infant's resting and breathing patterns, allowing them to discover potential health issues and take appropriate action.
Advanced Baby Monitors Market Segment Insights
Advanced Baby Monitors Product Insights
The Advanced Baby Monitors Market segmentation, based on product includes stationary, wearable. The wearable category is one of the fastest-growing areas in the advanced baby monitors industry. This is due to the growing demand for baby monitors that can check a baby's vital indicators, such as heart rate and oxygen levels, and inform parents if there are any problems. Wearable baby monitors, such as smart socks, wristbands, and onesies, are becoming increasingly popular among parents who wish to monitor their kid's health and well-being in real time.
Figure1 Advanced Baby Monitors Market, by Product, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Advanced Baby Monitors End-User Insights
The Advanced Baby Monitors Market segmentation, based on End-User, includes Home Care, Day Car And Others. The home care category has the biggest market share in the sophisticated baby monitors industry. This is due to the growing demand for at-home baby monitors, as well as the growing trend of parents wanting to monitor their baby's health and well-being from the comfort of their own home.
Advanced Baby Monitors Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Advanced Baby Monitors Market area will dominate this market, because of the region's high level of awareness about newborn safety and the existence of a significant number of manufacturers and sellers of advanced baby monitoring systems.
Further, the major countries studiedin the market reportare The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2 ADVANCED BABY MONITORS MARKET SHARE BY REGION 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Advanced Baby Monitors Market accounts for the second-largest market share because of the region's rising birth rate and increased awareness regarding baby safety. Further, the German Advanced Baby Monitors Market held the largest market share, and the UK Advanced Baby Monitors Market was the fastest growing market in the European region
The Asia-Pacific Advanced Baby Monitors Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because of the region's expanding birth rate, growing knowledge about newborn safety, and rising disposable money. Moreover, China’s Advanced Baby Monitors Market held the largest market share, and the Indian Advanced Baby Monitors Market was the fastest growing market in the Asia-Pacific region.
Advanced Baby Monitors Key Market Players & Competitive Insights
Leading market players are investing heavily in R&D in order to expand their product lines, which will help the Advanced Baby Monitors Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Advanced Baby Monitors industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Advanced Baby Monitors industry to benefit clients and increase the market sector. In recent years, the Advanced Baby Monitors industry has offered some of the most significant advantages to medicine. Major players in the Advanced Baby Monitors Market, including 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 others, are attempting to increase market demand by investing in research and development operations.
Kids 2, Inc., doing business as Kids2, is an American toy and product maker situated in Atlanta, Georgia. Bright Starts, Baby Einstein, and Ingenuity brand products are designed, manufactured, and marketed by the corporation. Australia, Canada, Europe, China, Hong Kong, Japan, and Mexico are among the countries with Kids 2 affiliate operations. Kids II had almost 400 products under its labels in 2013. Summer® is also owned by Kids2, a mission-driven collection of organizations dedicated to assisting new parents with some of their most difficult challenges. In addition to Summer®, the Kids2 portfolio includes Baby Einstein, Ingenuity, and Bright Starts. In March 2022, Summer Infant, Inc., doing business as SUMR Brands, has agreed to merge with Kids2, Inc.
Nanit is an American technology start-up that creates baby monitor gadgets that are linked via a mobile application. The camera records a video of the youngster, analyzes the footage, and gives information based on the baby's movement. Tor Ivry, Andrew Berman, and Dr. Assaf Glazer formed Nanit. Sarah McCollum Dorsett, a former executive of Bed Bath & Beyond, Century 21, and Bloomingdales.com, has been the Chief Executive Officer (CEO) of Nanit since 2019. The startup is based in New York City and earned a $6.6 million seed round in June 2016. In February 2021, Nanit, an American technological start-up, has released the Nanit Pro, a next-generation smart baby monitor.
Key Companies in the Advanced Baby Monitors market include
- 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.)
- Others
Advanced Baby Monitors Industry Developments
In October 2022, Bonoch, a new childcare product business, has launched its latest innovation to help families with multiple children. Bonoch's latest video baby monitor features two HD cameras that feed data to a 7-inch split-screen monitor, allowing users to focus on several perspectives at the same time.
In March 2022, Maxi-Cosi, a subsidiary brand of Dorel Juvenile, introduced 'Connected Home,' a new line of sensory nursery products. It consists of four smart products the See Baby Monitor, the Breathe Humidifier, the Glow Crib Light, and the Soothe Light & Sound.
In September 2022, As part of its expanding product line, EZVIZ, a smart home camera business, presented its first artificial intelligence (AI)-powered small baby monitor. The EZVIZ infant Monitor 1 is meant to fit into every infant room thanks to its palm-sized size and visually appealing design. This is a completely portable, battery-powered device that can go almost anyplace.
Advanced Baby Monitors Market Segmentation
Advanced Baby Monitors Market By Product Outlook
- Stationary
- Wearable
Advanced Baby Monitors Market By End-User Outlook
- Home Care
- Day Care
- Others
Advanced Baby Monitors Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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