NEW YORK, Dec. 1, 2017 /PRNewswire/ -- The Global Baby Monitors Market is Expected to grow at a CAGR of 12.3% During the Forecast Period 2016–2022
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Baby Monitors Market – Report Insights
Baby montors are the devices or systems used by parents to remotely monitor the movement and sounds of their babies in their cribs. A basic audio baby monitors unit consists of a radio system, a transmitter unit, and a microphone. The sound produced by the baby is transmitted via radio waves to the receiver. The receiver, which is usually carried by the parents, contains an inbuilt speaker that allows the parents to listen to the sound made by the baby from various locations within a certain range.
Scope of the Report
The report "Global Baby Monitors Market – Strategic Assessment and Forecast 2017-2022" considers the present scenario of the global baby monitors market and its strategic assessment for the period 2017–2022. It also includes a detailed study of growth drivers, trends, and restraints. It also includes leading vendors in the market and other prominent key vendors.
The report provides a detailed analysis of the key segments of the market by product type, distribution channels, geography, country, and vendors.
It provides a comprehensive analysis of market size and forecast in terms of the following:
1. Audio only
2. Audio and video
• Fixed video
3. Movement/motion detection
• Diaper attachment
• Smart wearables
4. Based on connectivity
5. Based on signal of transmission
By Distribution Channel
• Specialty stores
• Mass Market Players
• Electronics and electrical stores
3. Latin America
5. North America
The report includes the market size in terms of product type for each region.
Baby Monitors Market – Market Size and Dynamics
Analysts at Beige Market Intelligence expect the market is likely to grow at a CAGR of 12.3% during the forecast period. Baby monitors have become indispensable for working parents. As a result, the market is witnessing a rise in the number of dual-income households in developing markets. Furthermore, the increase in per capita income also constitute a major reason for increased spend on baby monitors. Apart from the increasing demand from developing markets, factors such as the introduction of smart baby monitors and enhanced marketing and visibility of these products online have contributed to the market growth.
The global demand for baby monitors is likely to post a CAGR more than 10% in terms of unit shipment during 2016?2022.
In terms of unit shipment, the audio only segment accounted for more than 45% of the market share and held the leading position in 2016. It was followed by the audio and video segment.
The audio and video baby monitors segment was the largest revenue contributor in the market in 2016. The feel of real-time interactions between parents and babies is a major factor behind the high adoption of audio and video baby monitors. Similarly, the cordless baby monitors segment accounts for the largest market share in the overall market both in terms of revenue and shipment. The analog segment is likely to lose the market share to the digital technology segment during the forecast period, both in terms of revenue and shipment.
Baby Monitors Market – Trends, Drivers, and Challenges
The report outlines the latest trends and factors that are expected to drive the market during the forecast period. Increased adoption of smart homes, popularity of movement/motion-detection monitors, and introduction of technologically-driven products are among the latest trends that are expected to drive the global baby monitors market. The market is witnessing an increased influence of digital consumerism on retail sales of baby monitors. With increasing internet penetration, several online websites have come to serve parents who seek convenience and easy accessibility to get these products. Thus, growing influence of the internet on end-users' purchasing behavior is another major factor that is driving the market growth. Further, the rise in the number of newborns is a key demographic factor influencing the sale potential of baby monitors.
Further, the report provides a detailed study of expected challenges to the market. It also provides the Porter's five forces analysis along with a description of each force and its impact on the market.
Baby Monitors Market – Geographical Analysis
The report includes the market analysis of different regions such as APAC, Europe, Latin America, MEA, and North America. It outlines the major market shareholders and analyzes the market size of all the leading regions. In 2016, Europe was the largest market for baby monitors, followed by North America. The demand for baby monitors is majorly concentrated in Western European countries such as the UK, Germany, France, and Spain. However, Nordic countries such as Denmark, Finland, and Sweden have low popularity and penetration of these devices. Europe is expected to lose its dominance in the global market to APAC and North America in terms of value and unit shipment, respectively, during the forecast period.
Baby Monitors Market – Key Vendors and Market Share
The report profiles all major companies in the global baby monitors market and provides the competitive landscape and market shares of key players. It covers the entire market outlook regarding the value chain operating within the market. The market is likely to witness an intense competition as all the major players are competing to gain market share. It is also expected to observe increased market consolidation due to the high competitive landscape.
Following are the key vendors in the global baby monitors market:
Dorel Industries, Flir Lorex, Mattel, Motorola Mobility, Philips, Samsung, Summer Infant
Other Prominent vendors in the audio and video monitor devices mentioned in the report areBabyPing, Dorel, Dropcam, ShenZhen Foscam, Graco, VTech, WiFi Baby, Withings.
The prominent vendors in baby movement monitor market are Angelcare, Hisense, Mayborn Group, Snuza International, Exmovere, iBaby Guard, Jablotron, MonDevices, Owlet Baby Care, Respisense, Rest Devices, Safetosleep, Tomy International.
Why should you buy the report?
The report provides answers to the following questions related to the global baby monitors market.
1. What are the current changes witnessed by the market and how are they likely to impact the market landscape in the near future?
2. What are the various factors that can affect the market over the next few years?
3. What will be major emerging trends and challenges to be witnessed by the market over the next five years?
4. What is the market size and market forecast for each product segment?
5. What is the market size and market forecast for each end-user type?
6. Which region is expected to register the highest market share?
7. What are the factors that drive the market growth in each region?
8. What is the sale growth rate in key geographies?
9. Which are the major countries in terms of market size and market forecast?
10. Which are the leading vendors in the market?
Read the full report: https://www.reportlinker.com/p04835185
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