A recent report published by Infinium Global Research on baby monitors market provides in-depth analysis of segments and sub-segments in the global as well as regional baby monitors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional baby monitors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global baby monitors market. According to the report, the global baby monitors market is projected to grow at a CAGR of 7.45% over the forecast period of 2019-2025.
Baby monitors also knowns as the baby alarm is a radio system that allows parents to remotely track the movement and several other activities of the baby. Basically, it is an audio monitor with microphones and transmitter that allows two-way combination between baby and parents. These baby monitor with pre-installed lullabies and movement trackers are available in the market to deliver the changing needs of the parents.
Growing numbers of working parents especially women’s and growth in disposable income of a family is driving the growth of the baby monitor market. When parents are away from home they can easily watch or track their baby’s movement with the help of baby monitors. Growing usage of internet and smartphones allows the parents to watch the baby at a remote location. Further, rapid acceptance of baby monitors in daycare centers & home, and increasing awareness regarding the safety of the babies are some of the factors supporting the growth for baby monitor market. On the flip side, declining birth rate due to high-stress level, low fertility, and inactive lifestyle is limiting the growth for the baby monitor market. Besides, technological advancement is the generation a growth opportunity during the forecast period.
As per the geographies, North America holds the largest market share in baby monitor market followed by Asia Pacific region. In the North America region due to advancement in technology, growing numbers of day care centers and growing innovations drive the growth for baby monitor market in this region. Further, in the Asia Pacific region such as increasing disposable income, an increasing number of working mothers, growing awareness regarding child safety, growing population, and usage of smartphones along with the internet are some of the supporting reasons for the growth of baby monitor market in the Asia Pacific region.
The report on global baby monitors market covers segments such as product type and connectivity type. On the basis of product type, the sub-markets include audio baby monitor, fixed video monitor, and pan and tilt monitor. On the basis of connectivity type, the sub-markets include wired monitors and wireless monitors.
The report provides profiles of the companies in the market such as Koninklijke Philips N.V, Hisense Group Co., Ltd., Samsung Electronics Co. Ltd., Summer Infant, Inc., Dorel Industries Inc., Windeln.De, Lorex Technology Inc., Sony Corporation, Angelcare Monitors Inc., and VTech Holdings Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of baby monitors market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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