Growing number of working parents and the rise in adoption of baby product in drug delivery are anticipated to promote the growth of global baby wireless monitor market and help to attain revenue of ~USD 3 billion by 2033.
The recent market research analysis of“ Baby Wireless Monitor Market: Global Demand Analysis & Opportunity Outlook 2033”by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global baby wireless monitor market in terms of market segmentation by product, distribution channel, component and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the global baby wireless monitor market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
Baby wireless monitor market to find numerous growth opportunities on the back of high women employment rate, finds Research Nester
The global baby wireless monitor market is estimated to grow majorly on account of the growing number of nuclear and single families in developed countries, increasing purchasing power, high women employment rate, rising baby care, and babysitting services, along with increasing birth rates. For instance, the number of babies born in the United States in 2021 increased by 1% over those born in 2020.
The global baby wireless monitor market is segmented on the basis of by product into audio-only baby monitor, video baby monitor, pan and tilt monitor, Wi-Fi & remote baby monitor and smart baby monitor. The smart baby monitor segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. Growing investments in electronic devices, a rise in personal income, and an increase in babysitting spending in developed nations are all contributing factors to drive segment growth over the forecast period. For instance, in 2021, babysitting and childcare services in the United States were valued at USD 104 per unit of consumption.
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By region, the North America baby wireless monitor market is expected to generate the highest revenue by the end of 2033. This growth is anticipated by a growing number of women working in the region. It was observed that the number of employed women in the United States increased from 68 million in 2020 to nearly 71 million in 2021. A growing number of nuclear families and improved infrastructure as well as the adoption of advanced baby products are anticipated to drive the regional market during the forecast period.
The research is global in nature and covers detailed analysis on thebaby wireless monitor market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global baby wireless monitor9056market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key
players of the global baby wireless monitor market which includes company profiling ofHero Electronix., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Dorel Co. Ltd., Lorex Technology Inc.,Owlet Baby Care Inc., Sproutling Inc., AngelCare Monitors, Drop Cam Inc., Summer Infant Inc The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global baby wireless monitor market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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