The Asia Pacific Baby Monitor Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 5,172.0 thousand units, showcasing a growth of 6.9% (2019-2022).
A heightened awareness of child safety and a desire for constant supervision has been key driver of the market. Parents are increasingly recognizing the importance of leveraging technology to ensure the well-being of their children, both during sleep and play. Evolving parenting lifestyles, characterized by busy schedules and the need for flexibility, have fueled the demand for these monitors with advanced features. Now more than ever, parents seek devices that offer convenience, allowing them to stay connected with their children while managing other responsibilities.
The rising disposable income of customers, especially in developed regions, has made advanced monitoring technologies more accessible. As these devices become more affordable, a broader population can invest in sophisticated monitoring solutions. The shift toward smart home technologies has a ripple effect on the market. As homes become more interconnected, parents are drawn to these monitors that seamlessly integrate with their smart home ecosystems, offering a centralized approach to home monitoring.
In 2021, the e-commerce industry was projected by Invest India to have a gross merchandise value above $55 billion. Its annual gross merchandise value is anticipated to reach $350 billion by 2030. India is projected to have more than 907 million internet consumers by 2023, constituting approximately 64% of the nation's population and driving e-commerce expansion. E-commerce platforms offer a diverse range of these monitors from various brands, providing consumers in India with a wide selection of products. This diversity allows parents to choose monitors that suit their needs, preferences, and budget constraints. The factors mentioned above will propel the market growth in this region.
The China market dominated the Asia Pacific Baby Monitor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $177 Million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Based on Type, the market is segmented into Video, and Audio. Based on Distribution Channel, the market is segmented into Retail Stores, Supermarket/Hypermarket, E-Commerce, and Specialty Stores. Based on Connectivity, the market is segmented into Wireless, and Wired. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Baby Monitor Market is Predict to reach $2.2 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dorel Industries, Inc., Angelcare Monitors Inc., Summer Infant, Inc. (Kids2, Inc.), Samsung Electronics Co., Ltd. (Samsung Group), Koninklijke Philips N.V., Nokia Corporation, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Google LLC (Alphabet Inc.), Lorex Technology Inc. and VTech Holdings Limited.
By Type (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
By Distribution Channel (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
By Connectivity (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
By Country (Volume, Thousand Units, Revenue, USD Billion/Million, 2019-30)
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