Absolute Market Insights recent analysis of the Baby Tech Market finds that the increasing demand from the Right from smart solutions to latest gadgets, today’s parents are using baby tech to the fullest to cope up with the challenges that they face as they also need to concentrate on their respective careers. higher percentage of working mothers is expected to witness maximum growth in the Baby Tech Market during the forecast period. The global Market revenue stood at a value USD 46 Bn in the year 2021.
Market Synopsis
Parenting is going digital. Millennials are comfortable with using multiple devices daily. They seek advice on the Internet and social media, and have a higher demand for baby technology products than previous generations. Connected monitors, smart sleepers, and breast pumps help them practice a more digital approach to parenting.
Baby Tech Market on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Baby Tech Market is predicted to grow at a CAGR of roughly 8.90% during the forecast period.
- The Baby Tech Market was estimated to be worth roughly 46 Bn in 2021 and is expected to reach USD 1,735 Bn by 2028; based on primary research.
- On the basis of region, is projected to dominate the worldwide Baby Tech Market.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Baby Tech Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
The demand for Baby Tech products and services is growing exponentially. A tech-savvy generation of Millennial parents is seeking modern digital solutions to the age-old issue of raising children.The number of children born post COVID is higher, the reopening of offices will create a demand for baby tech solutions, ultimately taking the global baby tech market ahead.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Baby Tech Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
The global baby tech market has been divided into Latin America, Europe, North America, Asia-Pacific and Middle East & Africa. The region of North America dominates in terms of market share and accounts for maximum revenue generated by it. Nearly 50 percent of female population in the United States is working and hence they have found perfect solution in baby tech for all their parenting woes.
List of Prominent Players in Baby Tech Market:
- Blue Spark Technologies, Inc.
- Brightwheel
- Chiaro Technology Ltd
- Cleo Labs, Inc
- CYBEX
- Happiest Baby, Inc.
- Jio Inc.
- Kidaptive, Inc.
- Kinsa, Inc.
- Koninklijke Philips N.V.
- Mattel
- Nanit
- Ningbo Babytec Maternal & Infant Technology Co., Ltd
- Owlet Baby Care
- PROCTER & GAMBLE
- SAMSUNG
- Willow
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Baby Tech Market?
- How will the Baby Tech Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Baby Tech Market?
- What is the Baby Tech Market drivers and restrictions?
- What will be the CAGR and size of the Baby Tech Market throughout the forecast period?
This market titled Baby Tech Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years: 2016-2028
Base Year: 2021
Historic Years: 2016-2020
Forecast Years: 2022-2028
Segmentation Covered:
- By Offerings
- Products
- Smart Baby Monitor,
- Baby Breathing Wear,
- Smart Sheets,
- Smart Socks,
- Electronic Stroller,
- Smart Sleeper Bassinet,
- Smart Breast Pump,
- Steam Sterilizer and Dryer,
- Smart Bath Tub,
- Digital Thermometer,
- Smart Tub,
- Smart Car Seat,
- Smart GPS Tracker,
- Smart Travel Mugs,
- Smart Infant Seat and Swing,
- Sterilization Bags,
- Smart Cradle,
- Smart Soother,
- Replacement Parts and Accessories,
- Others
- Software and Platforms
- Products
- By Application
- Remote Monitoring,
- Location Tracking,
- Sleep Tracking,
- Health and Wellness,
- Child Care Management,
- Learning & Education,
- Others
- By Access Mode
- Device
- Wearable,
- Smartphones,
- Tablets,
- Others
- Application Based
- Device
- By Technology
- Bluetooth,
- Sensors,
- GPS,
- Others
- By User Type
- Parents/ Family
- Expecting Parents,
- Parents Raising Children
- Baby
- Less than 6 Months,
- 6 Months to 18 Months,
- 18 Months to 2 Years,
- 2 Years to 3 Years,
- More than 3 Years
- Parents/ Family
- End Users
- B2B
- Preschools,
- Clinics,
- Others
- B2C
- B2B
- Distribution Channel
- Online,
- Offline
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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