Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Baby Monitors Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Baby Monitors Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Baby
Monitors Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Baby Monitors Market is offered. In accordance with the report, the global
Baby Monitors Market is projected to
expand at a CAGR of 12.69% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Baby monitors are being used for the purpose of monitoring the
baby's activities when parents are not in the close vicinity of the baby. Baby
Monitor can transmit the audio as well as the video. The global baby monitors
market is mainly driven by increasing number of working parents, nuclear
families, and increased online retailing across different regions. These factors
have led to a higher adoption of baby monitors in homes and day care centers. There
is strong opportunity for growth of the market in emerging countries of Asia
Pacific, Latin America, Africa and the Middle East. However, factors such as
the decreasing birth rate because of the increased stress levels, inactive
lifestyle, & safety concerns being associated with these products are
likely to restrain the growth of the market during the forecast period. North
America held the largest share of the baby monitors market in 2018. The baby
monitors industry generates a substantial portion of its revenue from this
region due to the better technological infrastructure & acceptability of
innovative & niche baby care products. In terms of product type, fixed
video baby monitor dominated the market in 2018, primarily due to increasing
demand for high end baby monitoring devices with smart monitoring features. By
connectivity, wireless baby monitors are expected to attain the highest share
by 2024, attributed to wide usage of these baby monitors among employed parents
in developed economies.
The global change in lifestyles is leading to the trend of working
parents. Parents are concerned about the safety of their baby. Hence the
concept of day care is becoming popular across the globe. Day care units take
the responsibility of the baby while the parents are out for work. Day care
units are equipped with baby monitors in order to help them take care of the
baby in the best possible manner. Hence, the growing demand for day care units
is driving the market for baby monitors. In addition, growing media coverage
about safety and security associated with babies is also aiding the growth of
the market. Awareness of sudden infant death syndrome (SIDS), more popularly
known as ‘cot death,’ is also creating the need for baby care products such as
child safety locks, stair gates, and baby monitoring systems. Moreover, ongoing
technological trends are helping in the development of smart and advanced baby
monitors which is creating a demand for smart and better looking baby monitors
for day care units.
The global rise in online shopping of baby products is driving the
market for baby monitors. With the growth in online retailers in recent years,
working parents have started buying baby products online. Furthermore, online
shopping saves time as parents do not need to go to a mall and search for a
product. Parents are able to search through a wide array of products offered by
several retailers. Online reviews and feedback of baby monitors also help the
parents to choose the best product available. Moreover, the intense competition
between online retailers helps the parents to buy baby products at very good
deals. With the advent of information technology, baby monitors are becoming
smart and can be controlled via applications installed in the parent’s or the
guardian’s smart phone. However, a report published by wired.com in 2015 says
that baby monitors are being hacked easily. A malware that hit the jailbroken
iPhones, stole 225,000 iTunes log in credentials which can be easily used to
login to the applications linked with the baby monitors. This hack is enabling
breachers to turn the baby monitors into spy cameras. Hence, the hack is making
the internet-connected baby monitors vulnerable. This is acting as a restraint
for wireless baby monitors.
Baby monitors are expected to be smarter through wearable technology
in future. Ongoing technological innovations and the rising of “internet of
things” (IoT) is gradually being applied to baby monitors in order to make them
smart and responsive. Sprouting, a baby monitor manufacturing company launched
is smart baby monitor in 2014. The baby monitor has the ability to track vital
parameters such as heart rate and body temperature. In addition, it also
monitors if the baby is moving or sleeping in a dangerous face down position.
Furthermore, the device can also alter the room temperature to suit the baby
based on his or her sleeping patterns. Such abilities are expected to be
introduced by other manufacturers in order to offer added functionality to
parents for their baby’s wellbeing. Thus, various technological advancements
are likely to increase the pace and potential of the baby monitors sector, and
act as a growth catalyst in the future.
Segment Covered:
This market
intelligence report on the global Baby Monitor Market encompasses market
segments based on product type, connectivity type and country.
In terms of product type, the Baby Monitor
Market is segregated into:
·
Audio Baby Monitor
·
Fixed Video Baby Monitor
·
Pan & Tilt
Baby Monitor
By connectivity type, the global Baby Monitor Market is
also classified into:
·
Wired Baby Monitor
·
Wireless Baby Monitor
By country/region, the global Baby Monitor Market has
been divided into:
·
North America (the U.S.,
Canada),
·
Latin America (Brazil, Mexico,
Argentina and other countries),
·
Europe (Germany, France, the
U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific (India, Japan,
China, Australia and New Zealand and other countries),
·
Middle East and Africa (GCC,
South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
·
Samsung Electronics Co. Ltd.
·
Dorel Industries Inc.
·
Koninklijke Philips
·
Motorola
·
Lorex Technology Inc.
·
Angelcare Monitors Inc.
·
Sony Corporation
·
Windeln.De Ag
·
summer infant inc
·
Hisense Ltd.
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Baby Monitor related investment & spending and
developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Baby Monitor Market, size of the market (US$ Mn and Units), and Compound
Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking
into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Baby Monitor
Market is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Samsung, Motorola,
Sony among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Baby Monitor caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Baby Monitor Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Baby Monitor
Market
v
Identification
of key factors driving investment opportunities in the Baby Monitor Market Facilitate decision-making based on strong historic and
forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants