Global Baby Monitor Market: Trends, Opportunities & Growth Forecast at 8.4% CAGR in the Coming Years Till 2026

Posted on 2018-07-03 by Mark Hub in Industrial, Retail, Technology // 0 Comments

Fact.MR

Rockville, US, 2018-Jul-03 — /EPR Network/ —According to Fact.MR, the global market for baby monitors is expected to witness high demand in the coming years. The global baby monitors market, as foreseen by Fact.MR, is expected to grow at a volume CAGR of 7.8% during the period of forecast, 2017-2026. The sale of baby monitors is estimated to touch a valuation of around US$ 1200 Mn by the end of the year of assessment (2026). This growth can be attributed to increasing awareness regarding baby safety, increased per capita expenditure on baby care accessories owing to growing GDP per capita across regions and developments in baby monitoring devices.

Several baby monitoring devices have been developed, for instance, baby audio monitors, video screening and movement monitors, that support either wired or wireless, enabling parents to observe their baby movements. Key manufacturers involved in the manufacturing of baby monitoring include Fisher Price, Safety 1^st, Graco, Motorola, Inc., Summer Infant, Inc., VTech, Sony Corporation, Platinum Angelcare, Samsung Electronics Co. Ltd., and Koninklijke Philips N.V.

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Premiumisation via Innovations and Developments in Features

Technological innovations has taken baby care products as a whole to a whole new level. Baby monitoring has gained high steam with introduction of novel products, for instance smart baby monitor with wall mount camera that provides sleep track, two way audio, temperature monitoring, real time notifications and humidity monitoring. These smart baby monitors allow remote monitoring as well as noise detection. With introduction of wireless technology, it has become convenient for parents to keep close watch, with the main advantage of this technology being mobility. Such developments are expected to trigger sales of baby monitors in the years to follow, thus aiding the growth of the global baby monitor market.

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.

Fact.MR 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.

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Online Retailing to Support the Growth of Baby Monitor Market

E-commerce has supported various industries by playing a significant role in pushing the sales of several products across regions. Users, with ease and convenience can purchase a product or device from home, and also avail numerous offers that come along with the product. Bay monitors, being no exception, are being purchased on a large scale via online retailing. With increasing adherence to online retailing, the sale of baby monitors is expected to increase in the coming years. According to this research report, the sale of baby monitors through online retailing is projected to expand at a stellar rate in during the forecast period owing to a large customer base opting for online retailing options for purchasing baby care accessories such as baby monitors.

Table of content:

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

Restraints

Security concerns owing to data leak through baby monitors

Slumping fertility rate

Limited penetration in emerging economies

Opportunities

Customized product offering

Beefing up distribution channels

Region-wise Trend Analysis

Exponential growth popularity of smart device & IoT

3.4. Juvenile Durable Goods Market Overview
3.5. Baby Products Market Overview

Baby Products Market Dynamics

Baby Products Market size and forecast 2018-2026

3.6. Cost Structure
3.7. Supply Chain Analysis

Supply Chain Analysis

Value Chain Analysis

List of Active Participants

Raw Material

Manufacturers

Formulators

Distributors / Retailers

3.8. List of key retailers
3.9. Brand v/s Pricing Analysis
3.10. Pricing Analysis

Continued…………

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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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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