As per report published by Adroit Market Research, Global Smart Baby Monitor Market is growing with tremendous speed with strong CAGR. Browse 80 pages report and Get well organized statistical overview of Smart Baby Monitor industry.
The global Smart Baby Monitor Market will rise from a value of xx million in 2018 to xx million by 2025, registering a CAGR of xx% during the forecast period. Though the Smart Baby Monitor Market is hitting a hard stroke in the market, it is becoming easier for the small online sellers to enter the market with employees and support personnel, physical locations which can force larger traditional smart baby monitor resellers to reduce selling prices. Due to the rapid expansion in the Asian market, Companies manufacturing smart baby monitor need to be conscious about their competitive surrounding and strategies within their market.
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The smart Baby monitor is a wireless electronic device that is mainly used as a home security system testing the sleep hours of active babies. This system consists of parts like; a baby unit, parents unit, control side, and baby monitors side. By keeping the device in the baby’s room, you can always monitor the baby’s safety through the display.
Following are the benefits of Smart Baby monitor:
HD Resolution view: The smart baby monitor delivers clear view and has 720 HD resolution that helps parents keep an eye on each and every detail of baby’s activities. This gadget is also helpful in the dark, as it has a feature of switching automatic night mode.
Capturing baby’s room temperature: Temperature is the only subject to change from time to time. Baby monitor helps track temperature from the smart devices and notifies you to take care accordingly.
Putting babies to sleep: Baby monitors also come with relaxing features for babies which come with around five lullabies programmed in the gadget. The lullabies help babies sleep soundly.
The segment of wireless baby monitors hold the largest market share in the global smart baby monitor market, this is due to the easy connectivity and greater portability of these devices. In the future, the smart baby monitor market share is further intended to rise. The global smart baby monitor market has a huge scope and opportunity to grow in emerging markets in the Asia-Pacific region. Countries like India, Japan, China, and Brazil are emerging as leading consumers of baby monitors, because of the rising participation of women in the workforces and rising disposable incomes. The increasing trend of working parents is increasing the number of day care centers and availability of baby monitors through online retailers, are the two constant factors considered to increase the market growth.
Key players of this market collectively hold 60% of the global smart baby monitor market share. To be a prominent player in the market, baby monitor manufacturers have shifted their focus on research and development, in order to strengthen their product portfolio to meet the customer needs.
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In the current market scenario, Europe holds the largest market share. With the growing popularity of smart baby monitors and increasing demand in the US, the market in North America is expected to grow and tend to surpass the European baby monitor market in the near future.
The audio baby monitor is the only segment to lead in terms of shipment and audio and video baby monitor segment will lead in terms of revenue. When it comes to revenue, the audio and video segment is registered to have the maximum market share followed by the movement monitors segment. Growing concerns related to the safety of babies, rising expenditure on baby care products are also some of the key factors driving the growth of the global smart baby monitor market. But falling birth rate owing to increasing stress level and sedentary lifestyle can affect the growth of the global smart baby monitor market size, in addition, safety and security concerns associated with baby monitors also present challenges for vendors operating in the market. This is also restraining the growth but still the market is going to grow in near future.
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