The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s baby monitoring devices market report forecasts the baby monitoring devices market size to grow to $6.36 Billion by 2027, with a CAGR (compound annual growth rate) of 9%.

Learn More On The Baby Monitoring Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/baby-monitoring-devices-global-market-report

Baby Monitoring Devices Market Size Forecast
The global baby monitoring devices market is expected to grow from $4.11 billion in 2022 to $4.50 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The baby monitoring devices market size is expected to grow to $6.36 billion in 2027 at a CAGR of 9.0%.

Asia-Pacific held the largest baby monitoring devices market share.

Key Baby Monitoring Devices Market Driver ­– Rise In Number Of Working Women
For instance, according to a statistical report published by the Federal Reserve Economic Data (FRED), a US-based research division of the Federal Reserve Bank, women’s labor force participation in the United States was 56.1% in August 2020, and increased to 57.1% in August 2022. Therefore, the rising number of working women is driving the growth of the baby monitoring device market.

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Key Baby Monitoring Devices Market Trend – Product Innovation
Major companies operating in the baby monitoring devices market are focused on developing innovative products to strengthen their position. For instance, in March 2020, Maxi-Cosi (a brand of Dorel Industries), a Canada-based manufacturer of juvenile products launched Connected Home, an innovative, smart, sensory, new line of sensory nursery products that are all controlled by a Maxi-Cosi Connected Home app or voice-activated via Alexa and Google. Connected Home includes four products such as See Baby Monitor, Soothe Light and Sound, Breathe Humidifier, and Glow Crib Light, packed with advanced automated routines and personalized features. It is intended to keep an eye on, calm, and soothe newborns while also providing parents with peace of mind.

Baby Monitoring Devices Market Segment
1) By Type: Internet Baby Monitor, Video Baby Monitor, Audio Baby Monitor
2) By Mode Of Connection: Wired, Wireless
3) By Application: Hospitals, Family, Other Applications

Baby Monitoring Devices Market Major Players and Strategies
Major players in the baby monitoring devices market are Dorel Industries Inc., Samsung Electronics Co. Ltd., Angelcare Monitors Inc., Motorola Inc., iBaby Labs Inc., Summer Infant Inc., LOREX Technology Inc., Snuza, Philips, Sony Corporation, Infant Optics, Levana, Newell Brands, Withings and Safety 1st.

In February 2021, Sandbridge Acquisition Corporation, a US-based investment management platform completed a merger with Owlet Baby Care Inc. With this merger, Owlet entered the next chapter of its growth as it increases its product range and aims to assist families throughout some of the most critical years of raising children. Owlet continued serving current loyal customers while also targeting a significant untapped market, covering many consumer touchpoints, and transforming Owlet into a critical family platform that would benefit parents for decades to come. Owlet Baby Care Inc is a US-based baby monitoring device manufacturer.

The Baby Monitoring Devices Global Market Report 2023 covers regional data on baby monitoring devices market size, baby monitoring devices market trends and drivers, opportunities, strategies, and baby monitoring devices market competitor analysis. The countries covered in the baby monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Baby monitoring devices are electronic gadgets that combine a one-way/two-way radio or video transmission via the internet with a portable receiver to listen to or see an unsupervised infant. The baby monitor is made up of a transmitter device with a microphone and a camera that is positioned near the child. It sends the noises and images to a receiver unit equipped with a speaker and a display screen that is carried by or near the person caring for the newborn.

View More Reports Related To The Baby Monitoring Devices Market –
Baby Diapers Global Market Report 2023
Baby Wipes Global Market Report 2023
Baby Food Global Market Report 2023

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