The North America Baby Monitor Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 5,864.3 thousand units, showcasing a growth of 5.6% (2019-2022).
The monitors watch a baby and connect directly with the child through video whenever possible. The parents use them to update the baby's movement in their absence. Some customers use these monitors to hear the sounds from their baby's room, while some customers use them to keep watch on their children through video monitoring. Audio and video managers are used to keep watch on babies and kids. The market has recently experienced a significant paradigm shift, propelled by technological progressions, evolving consumer preferences, and a heightened focus on safeguarding children.
An increase in consumer preference toward wireless monitors has been witnessed, owing to ease of connection and simple design compared to conventional wired cameras. Further, the surge in disposable income, improvement in living standards, rise in baby care expenditure, and large-scale promotion of video surveillance to its benefits, such as real-time interaction with the kids, supplement the growth of video baby monitor products. An increase in disposable income leads to a high standard of living. Moreover, the demand for surveillance in baby rooms and the increasing working population boost the market growth.
According to Statistics Canada, the use of Internet-connected smart home devices continued to grow, up from 42% in 2020 to 47% in 2022. Smart home trends in Canada emphasize using mobile apps for remote control and monitoring. These monitors with dedicated mobile apps allow parents to access live video feeds, receive notifications, and control settings from their smartphones. The continuous innovation in the Internet of Things (IoT) sector, a foundational element of smart homes, contributes to developing more advanced and feature-rich monitors. This innovation attracts tech-savvy parents seeking cutting-edge solutions. The above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Baby Monitor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $536.5 Million by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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