Baby Monitor Market Volume Analysis, Market Sections, Value Share and Key Trends Analysis through 2017-2026

Posted on 2018-08-10 by Mark Hub in Retail // 0 Comments

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FactMR has carried out an extensive research on baby monitors market and has represented all insights and key market highlights in a systematic format in its recent research publication named global baby monitors market. The research report includes deep insights on various aspects that have an influence over the growth of the global market for baby monitors. These aspects include trends, drivers, developments and opportunities that have a positive impact on the sale of baby monitors and in turn on the growth of the overall Baby Monitors Market. Also covered in this research report are the market restraints and challenges that hinder the growth of the baby monitors market. The magnitude of these aspects have been analyzed across regions, as they differ from region to region, thus portraying an in-depth deep dive in the global market for baby monitors.

Research report on baby monitors market follows a 360 degree outlook. Key regions in the world are evaluated and various facets of the baby monitors market across these regions are identified and scrutinized. This presents a global holistic perspective in front of the reader that can support him/her in gaining a thorough market understanding on various baby monitors market segments and their respective scenario across key regions in the globe.

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For instance, according to US Bureau of Labor Statistics, about 40% of the population was actively working in 2014 and this percentage is expected to increase at an alarming rate. Considering population in the age group of 25 to 54 years, by 2018 end, the percentage of working population is expected to reach 64% and by 2024, it is expected to touch 63.9%.

This has necessitated increasing demand for child care across the globe. Governments are initiating child safety measures. Child Care and Development Block Grant was reauthorized to provide additional safety and protection for babies. Gradual improvement has been observed with respect to enhancement of child care standards. This has given enough fuel to develop advanced child safety devices such as baby monitors that ensure safety of babies and offer reassurance to parents.

FactMR has analyzed the demand for baby monitors and has projected that the sale of baby monitors is expected to grow at a rate of 8.4% during the period of assessment, 2017-2026. By end of the year of assessment (2016), market valuation of baby monitors is anticipated to touch a significant estimation, owing to increasing demand for baby monitors from working parents as well as baby care centers. According to Fact.MR, the volume of baby monitors expected to be sold by 2026 end is around 11,900,000 units.

With increasing preference for baby monitors, manufacturers such as Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Platinum Angelcare, Sony Corporation, and VTech have been striving to innovate their products to make them more connected and safe. For instance, Koninklijke Philips has introduced uGrow interactive application, the first medical application that syncs with Philips Avent smart ear thermometer and Philips Avent smart baby monitor via Bluetooth. In the coming year, this application will work with smart feeding kit that would monitor baby’s feeing schedule, including time, duration and volume.

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In addition, with emergence of Internet of Things (IoT), connected monitoring has become possible. Baby monitors with integrated solutions such as interactive monitoring are compatible with laptops, tablets and smartphones. Applications that run on these devices directly connect the users to the monitoring system. With this, the user can keep a check on room temperature, sound, movements as well as can carry out two way communication. In addition, with Wi-Fi connectivity, baby monitors can provide entire view of the baby at any point in time. Such innovative advances have triggered the use of baby monitors across regions in the globe.

Moreover, online retailing has played a major role in the distribution of baby monitors. Online retailing has enhanced the visibility these products that has made them accessible across geographies. E-retailing has witnessed faster adoption owing to its cost effective and time saving benefits, and this trend is expected to spur the sale of baby monitors in the coming future.

Table of Contents

Global Economic Outlook

1.1 Global Consumer Goods Market Outlook

Global Baby Monitor Market – Executive Summary

2.1 Opportunity Analysis

2.2 Mega Trends

Global Baby Monitor Market Overview

3.1. Introduction

3.1.1. Global Baby Monitor Market Taxonomy

3.1.2. Global Baby Monitor Market Definition

3.2. Global Baby Monitor Market Size (Value (US$ Mn) and Volume (Units))and Forecast, 2012-2026

3.2.1. Global Baby Monitor Market Y-o-Y Growth

3.3. Global Baby Monitor Market Dynamics

Economic Drivers

Consumer Electronics Industry growth

Per capita spending on infants/baby child care products & accessories

Consumer Electronics sector GVA

Supply Side Drivers

Improved service offerings

Strengthening customer engagement

Demand Side Drivers

Rise in nuclear families/ millennial parents

Growing awareness concerning baby safety

And many more

Continued…………………..

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About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized global market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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