Global Baby Monitoring Devices Market to Reach Value of US$ 1.2 Bn by 2027: Industry Probe

January 10, 2020, Domain: Consumer Goods & Retail

According to a new market report published by Industry Probe (www.industryprobe.com) titled Baby Monitoring Devices Market (Product Type: Video Monitor, Audio Monitor, and Others; Connectivity: Wired and Wireless; End User: Individual and Commercial; Distribution Channel: Online [Company Owned Website and E-Commerce Website] and Offline [Hypermarkets & Supermarkets, Specialty Stores, and Brand Stores]) – Global Industry Dynamics, Trends, and Forecast, 2019–2027, the global baby monitoring devices market is expected to reach US$ 2,146.9 Mn by 2027 and expand at a CAGR of 6.5 % from 2019 to 2027.

Overview

  • The global baby monitoring devices market was valued at US$ 1,238.6 Mn in 2018 and is expected to expand at a CAGR of 6.5% from 2019 to 2027. Rise in the number of nuclear families and working parents has led to increased adoption of medical baby monitors in residential and day care centers. These factors are likely to accelerate the global baby monitoring devices market.

  • North America held a prominent share of the global baby monitoring devices market in 2018, followed by Europe and Asia Pacific

Browse the full report at http://www.industryprobe.com/

Driving Factors

  • Increase in the number of working women and changing maternity leave policies across the world are factors boosting market growth

  • Rise in disposable income, increase in purchasing power of consumers, and high literacy rate are estimated to drive the global baby monitoring devices market in the near future

  • Tech-savvy millennial parents, increase in preterm births, and growing popularity of baby monitoring devices are expected to increase the growth of the global market for baby monitoring devices

Key Challenges

  • Decline in birth rate and inclination toward breastfeeding are anticipated to restrain the market growth during the forecast period. Moreover, parents choosing to have less number of children in developed countries is a factor that is anticipated to hinder market growth during the forecast period.

Market Preference

  • In terms of product type, the video monitoring segment accounted for a major market share in 2018.

  • In terms of connectivity, the wireless segment accounted for a major share of the global market. These baby monitors do not require wiring installations, thereby making it an ideal choice for parents.

  • Based on end user, the individual segment is expected held a significant share of the market in 2017 and expected to maintain its dominance during the forecast period. Rise in the number of parent population demanding child surveillance from workplace and growth in the number of working parents are likely to drive the global baby monitoring devices market.

  • Based on distribution channel, offline is expected to be the most attractive segment during the forecast period due to preference for offline shopping. However, the online segment is anticipated to expand at a significant rate during the forecast period.

  • North America holds a major share of the global baby monitoring devices market, followed by Europe

 

Competition Landscape

  • The baby monitoring devices market is dominated by several players who are focused on the development of new products to cater to the rising demand for the product in the global market

  • The report includes the below mentioned pointers of major players operating in the baby monitoring devices market:

    • Competition Matrix

    • Company Overview

    • Product Profiling

    • Market Share Analysis (2018)

    • Product Innovation

    • Product Comparison Analysis

    • Business Strategies/Recent Developments

      • Technological advancements

      • Key mergers & acquisitions

      • Expansion strategies

    • Company Financials

Major Players Covered under the Scope:

  • Summer Infant Inc.

  • Dorel Industries Inc.

  • Angelcare Monitors Inc.

  • Motorola Solutions, Inc.

  • Lorex Technology Inc.

  • Koninklijke Philips N.V

  • Snuza International

  • Hisense

  • iBaby Labs, Inc.

  • VTech Holdings Limited

Market Research Objective & Taxonomy

 

 

Baby Monitoring Devices Market – Global Industry Dynamics, Trends,

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