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Market Demand And Growth Analysis Of Smart Baby Monitors From 2020 To 2027
Publish:
2024-01-15 15:04
Source:
The baby monitor can be used to look after the baby and communicate directly with the child through video. Parents use baby monitors to track the baby's sleep, crying and nursery room temperature.
The baby monitor market is valued at US$1.2 billion in 2019 and is expected to reach US$1.9 billion by 2027. The compound annual growth rate from 2020 to 2027 is 5.4%, and North America accounts for the largest share of approximately 63.2%.
According to product types, the global baby monitor market is segmented into audio and video. Of these two types, video baby monitors accounted for a larger share of the overall market in 2019, and due to the increased demand for high-end baby monitor devices with smart monitors, this trend characteristic is expected to maintain throughout the forecast period . This market segment is expected to achieve faster growth in developed economies and will account for 86.1% of the entire baby monitor market analysis by 2027.
Based on connectivity, the market has been divided into wireless baby monitors and wired baby monitors. By 2027, the market share of wireless baby monitors is expected to account for 92.9% of the overall market revenue, because these baby monitors have greater portability and connection convenience than wired baby monitors. In addition, since the connection sensor cable to the baby monitor is considered to be unsafe for the baby, the demand for a wired baby monitor will gradually decrease in the future.
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