Market Size of Baby Monitors Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.62 Billion |
| Market Size (2029) | USD 2.54 Billion |
| CAGR (2024 - 2029) | 9.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Baby Monitor Market Analysis
The Baby Monitors Market size is estimated at USD 1.62 billion in 2024, and is expected to reach USD 2.54 billion by 2029, growing at a CAGR of 9.45% during the forecast period (2024-2029).
- With the rising number of working professionals with a baby, the demand for baby monitors is also increasing. These professionals are more likely to use baby monitors to monitor their babies while at work, thus boosting the market's growth. Moreover, more companies are investing in research and development to innovate new products that are safer, more secure, and easier to use, attracting new consumers.
- There is a trend among companies to incorporate new technologies into their baby monitors, such as artificial intelligence. For instance, in July 2022, Cubo Ai, a Taiwanese tech startup, launched an AI Sleep Sensor Pad in addition to its Cubo Ai Plus Smart Baby Monitor to enhance new parents' safety and peace of mind. A unique feature of this product is its ability to detect a baby's breathing motion.
- In addition, the market is expected to be buoyed by increased per capita income, lifestyle changes, increased awareness of childcare, and robust retailing. Since fewer baby caretakers and maids are in developed countries, baby monitors and convenience products have become increasingly popular. This has increased dependency on monitoring devices, particularly in developed countries. In turn, this contributes to the growth of the market.
- However, with the increasing concerns about the cyber-security risks of digital devices, including baby monitors, governments of various countries are developing regulations that may increase the customer reliability of these products and thus boost the demand for baby monitors in the forecasted period.
