Baby Wireless Monitor Market Size

Baby Wireless Monitor Market size was over USD 1.07 Billion in 2023 and is set to cross USD 2.45 Billion by the end of 2036, growing at more than 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of baby wireless monitor is estimated at USD 1.13 Billion. The growth of the market can be attributed primarily to the increasing single-parent family worldwide. For instance, it is estimated that today more than 23 mil­lion children live in a single-parent families in the United States.

Baby monitors are basically baby alarms that allow parents to monitor their babies remotely. An audio monitor consists of a transmitter and microphone that allows parents and babies to communicate two-way. Baby monitors are primarily used to monitor the movement of babies when their parents are away from home or away from their surroundings. Audio baby monitors, fixed video monitors, and pan & tilt baby monitors are the most common types of baby monitors. Moreover, the increasing baby safety awareness, rise in purchasing power of people, increasing e-commerce platforms along with growing population are factors expected to drive global baby wireless monitor market growth over the forecast period. According to estimates, over the next 30 years, the world's population is projected to grow by 2 billion people, from 7.5 billion today to 9.6 billion in 2050 and possibly 10 billion by 2100.