Global Baby Monitors Market: Rising Per Capita Spending on Child Care Products to Boost Growth Prospects, Says TMR
The global market for baby monitors features a largely consolidated competitive landscape, with the top five vendors cumulatively accounting for a nearly 60% of the overall market in 2015. Motorola Solutions, Inc. dominated with a 19.8% of the market in the same year. In the stiffly competitive market, manufacturers of baby monitors are focusing more on research and development to create innovative solutions, to make the products technologically advanced and distinguished. The introduction of a new baby monitor for smartphones...
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