Industry Background:
As infants are vulnerable to sleeping conditions, effective health monitoring using wearable technology will discover sudden fall of the rate of respiration, heart rate, and oxygen level and alleviate parents anxiety by notifying sudden crucial things. Increasing awareness relating to kid safety has been encouraging parents to get innovative products that enable continuous observation of a baby at intervals or outside the house. The wearable smart baby monitor includes advanced options within the standard baby monitor gadgets permitting additional safety to a baby with an associate easy-to-use application. The connectivity with the mobile app has considerably witnessed a big growth of the wearable smart baby monitor market in terms of volume and is predicted to register new growth opportunities for the wearable smart baby monitor market players throughout the forecast amount. Technological innovation relating to kid safety devices, wearable gadgets, and ease in their accessibility has considerably boosted the expansion of wearable good baby monitor devices. moreover, the increasing e-commerce penetration within the developing countries is supplied the expansion of the wearable smart baby monitor market as a result of, e-commerce websites enable the purchasers to check multiple products at once and supply reviews from alternative shoppers, and thus, in turn, saving the lead-time of the customers.This growth is primarily driven by Increasing Purchasing Power
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Nanit (United States), AGPtek (China), Summer Infant, Inc. (United States), Vtech (Hong Kong), NETGEAR Inc. (United States), iBaby Labs, Inc. (United States), Lorex Technology Inc. (Canada), Dorel Industries Inc. (Canada), Infant Optics (United States), Motorola, Inc. (United States) and Samsung Electronics Co., Ltd. (South Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April , 2021 Nanit, the only smart baby monitor that connects parents to their baby's health and development, launched Nanit Pajamas, the newest addition to its popular line of Breathing Wear wearables that allow parents to monitor their baby's breathing motion without wires or sensors. Using the computer vision of Nanit's overhead HD camera, Nanit Pajamas feature Breathing Wear's distinctive pattern designed with shapes and color that are scientifically engineered to be read from any angle to let parents know the second their baby needs them
In August 2023,Masimo (NASDAQ: MASI), a global leader in noninvasive monitoring technologies, today announced the full U.S. market release of the Stork smart home baby monitoring system. Stork Vitals+, Vitals, and Camera combinations are now available for purchase online at www.MasimoStork.com and on shelves at major retailers including Best Buy and specialty retailers including Babylist.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Trend of Customer Attraction to the Wearable
Market Growth Drivers:
Increasing Purchasing Power and Increase in Number of Working Women
Challenges:
The Accuracy and the Consistency of the Health Information Measurement and Proper Encryption and Authentication Mechanism to Secure Privacy and Protect Personal Health Information
Restraints:
A Risk of False Negative Result from the Devices and High Price of the Wearable
Opportunities:
Integration with the AI and the Smart Technologies and Increasing Internet Penetration in the Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Wearable Smart Baby Monitor Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Wearable Smart Baby Monitor Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Wearable Smart Baby Monitor players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Wearable Smart Baby Monitor Study Sheds Light on
The Wearable Smart Baby Monitor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wearable Smart Baby Monitor industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wearable Smart Baby Monitor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.