Global baby monitors market will exhibit a 4.4% CAGR from 2016 through 2024, rising from a valuation of US$876.8 mn in 2015 to US$ 1,291.8 mn by 2024.
Albany, NY -- (SBWIRE) -- 12/12/2016 -- A baby monitor or a baby alarm is a radio system that transmits the sound it listens remotely of an infant through a transmitter unit by radio waves. A speaker facilitates the output of sound in the transmitter device. Baby monitors often offers two way communications where the parent can speak back to the infant. A video baby monitor which facilitates video recording of the child is also known as baby cam. The primary use of a baby monitor is to track the activity of the baby when the parents are not at home or are away from the vicinity of the baby. The most common types of baby monitors are audio baby monitor, fixed video monitor and pan & tilt baby monitor. Among the types fixed video monitors hold the largest market share followed by pan & tilt baby monitors and audio baby monitor respectively. By connectivity, the global baby monitors market is divided into wireless and wired baby monitors. Wireless baby monitors hold the largest market share as among the connectivity types as they are more mobile and easy to use. Among the regions, North America held the largest market share followed by Europe and is expected to hold their position throughout the forecast period.Asia Pacific and Middle East and Africa are the fastest growing market of all the regions due to increased presence of global players in these regions. Asia Pacific is the most attractive region owing to increased number of nuclear families and increasing disposable income.
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Global Baby Monitors Market: Trends and Opportunities
The major drivers driving the global baby monitors market includes emerging trends of employed parents globally. This is giving rise to more number of day care centers who take the responsibility of looking after infants when the parents are at work. This has boosted the market for baby monitors as more and more day care centers are equipped with baby monitors in order to look after the infants in the best possible way. Increasing awareness of sudden infant death syndrome (SIDS) is also a reason that there is increased demand of baby monitors in day care centers as well as other baby care products. In addition, increasing availability of baby monitors through online retailers is a major driving the growth of the global baby monitors market. With increased presence of online retailers of baby monitors, working parents have started buying them more online as it saves time and hassle for them. In addition, consumers are getting a lot of options which have increased their array of choices without the fear of choosing a product that is not in stock. Intense competition and various reviews by users and buyers are enabling the working parents to choose the best products at the best available deals.
Global Baby Monitors Market: Scope of the Report and Competitive Dynamics
The competitive profiling of the key players in the global baby monitors market across four broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments as in the field of baby monitors. The distribution channel analysis of the market has been provided in the report, in order to offer a deep insight of global baby monitors market.
A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Market dynamics are the factors which impactthe market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2016 to 2024, along with offering an inclusive study of the baby monitors market.
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Some of the major players in the global baby monitors market include Samsung Electronics Co. Ltd. (Suwon-Shi, South Korea), Angelcare(Montreal, Canada), Summer Infant, Inc. (Woonsocket, Rhode Island ,U.S), VTech Holdings Limited (Tai po, Hong Kong), Windeln.De Ag (Munich, Germany), Koninklijke Philips N.V. (Amsterdam, Netherlands), Dorel Industries Inc. (Montreal, Quebec, Canada), Sony Corporation (Tokyo, Japan), Withings(Issy-les-Moulineaux, France), FLIR systems, Inc. (Wilsonville, Oregon United States) and Motorola Solutions, Inc. (Chicago, Illinois, U.S)among others.
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