Baby Monitor Market Market Latest Industry Trends, Trades, Supply, Demand During 2017 to 2026

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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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.

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.

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.

Few Key Highlights on Global Baby Monitors Market

North America region is more lucrative for baby monitors market owing to increasing sales of baby monitors in this region. The growing percentage of working population in the region, especially in United States, couple with increasing GDP per capita of the region, is expected to aid the sales of baby monitors. Baby monitors market in North America is projected to expand at a high value CAGR of 9.5% during the period of forecast.

Video monitoring is expected to gain high steam during the assessment period. The growth of this segment is accompanied by the growth of IoT (Internet of Things), with which parents are able to observe every movement of babies on their devices (smartphones, tablets or laptops). Video monitors segment in the product type category is expected to largely contribute to the growth of the global baby monitor market in the coming years

Sale of wired baby monitors was observed to grow immensely since past years. This trend is expected to continue in the coming years. The sale of wired baby monitors is expected to surpass US$ 890 Mn by end of assessment year. However, wireless baby monitors are also gaining significant traction, the demand for which is projected to rise at an exponential rate during the period of forecast

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Modern trade is poised to lead the global market for baby monitors with respect to sales channel. The sale of baby monitors is anticipated to cross US$ 300 Mn via modern trade segment. Also, contributing to the growth of the global market, online stores are gaining high steam and tis segment is projected to expand at a robust rate throughout the period of forecast.