Market Research Future has Discovered that the Global Advanced Baby Monitors Market is on track to witness growth at a striking CAGR of 9.2% during the review period from 2019 to 2023.
The Global Advanced Baby Monitors Market is thriving in the competitions put on the table by market players. The market players are now banking more on innovation to come face-to-face with each other. They are spending a significant amount on research and development, and are seeking help from the latest technologies to promote the market better. Baby monitors are alarms that simplify for parents the process of tracking a baby’s movement and other activities. Advanced baby monitors include video tracking and sometimes they provide healthcare-related support as well, like monitoring body temperature, heart rate, and others. Owing to such extensive provisions, advanced baby monitors are gaining ground in urban areas more; especially its popularity is increasing with the nuclear families.
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Global Advanced Baby Monitor Market is expecting a growth by 9.2% during the forecast period (2018-2025), reveals Market Research Future (MRFR) in an extensive study. The report further includes segments, expert analysis, and comprehensive overview of the competitor landscape for a holistic understanding.
An increasing number of nuclear families due to the rapid urbanization and rising disposable income are expected to promote the advanced baby monitors market in the coming years. In addition, parents are now more aware of the technologies that can assist them in providing their child with optimum care. The ease of wireless monitoring is one among many. Easy connectivity and portability of these products can trigger the growth of the advanced baby monitors market during the forecast period.
Key players in the Advanced Baby Monitors Market include:
- Graco Children’s Products Inc. (U.S.)
- Summer Infant Inc. (U.S.)
- Snuza International (South Africa)
- MOTOROLA HOME (U.S.)
- Lorex Technology Inc. (Canada)
- Owlet Baby Care (U.S.)
- Angelcare (Canada) and more.
Advanced Baby Monitors Market – Regional Analysis
The region-specific report of the advanced baby monitors market encompasses existing trends and discusses opportunities of namely the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas is providing the maximum amount of global revenue by wielding control over 48% of the market as of 2017. The regional market is expected to ride high on the inclination of having niche product to have optimum baby care support. The region has several market dominants and can rise by 9.42% CAGR during the forecast period.
Europe is following the suit, and its market valuation is expecting to touch USD 603.38 million by 2025 with a 9.31% CAGR over the assessment period. Increasing e-commerce penetration in the region can impact the market growth as well.
The APAC region is expected to grow with the fastest CAGR during the forecast period, and it can clock 9.54% growth by that time. Evolving economies such as China and India and a developed nation like Japan are providing the much-needed thrust. The growth can be attributed to the rising disposable income and literacy rate of the region which is now focusing more on offering the best care to the child which can drive the advanced baby monitors market forward.
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MRFR, for a better analysis of the Advanced Baby Monitors Market, segmented it by product and end-user.
Based on the product, the global advanced baby monitors market can be segmented into stationary type and wearable type. The stationary type segment owns the lion’s share of the market that is almost 80% market share as of 2017. During the forecast period, the segment can grow with 9.09% CAGR and exceed a valuation of USD 1491.85 million by 2025. Meanwhile, the wearable segment can expect a faster CAGR of 9.61% during the forecast period.
Based on the end-users, the global advanced baby monitors market can be segmented into home care, day care, and others. 87% of the market is getting steered by the home care segment as of 2017 and is expected to scale valuation of USD 1660.94 million by 2025 with an expected growth of 9.39 % during the forecast period.
List of Tables:
TABLE 1 MARKET SYNOPSIS 15
TABLE 2 PRIMARY INTERVIEWS 20
TABLE 3 GLOBAL ADVANCED BABY MONITORS MARKET BY PRODUCT, 2015-2025 (USD MILLION) 34
TABLE 4 GLOBAL ADVANCED BABY MONITORS MARKET FOR STATIONARY TYPE, BY REGION, 2015-2025 (USD MILLION) 34
TABLE 5 GLOBAL ADVANCED BABY MONITORS MARKET FOR WEARABLE TYPE, BY REGION, 2015-2025 (USD MILLION) 35
TABLE 6 GLOBAL ADVANCED BABY MONITORS MARKET BY END-USER, 2015-2025 (USD MILLION) 38
TABLE 7 GLOBAL ADVANCED BABY MONITORS MARKET FOR HOME CARE, BY REGION, 2015-2025 (USD MILLION) 38
TABLE 8 GLOBAL ADVANCED BABY MONITORS MARKET FOR DAY CARE, BY REGION, 2015-2025 (USD MILLION) 39
TABLE 9 GLOBAL ADVANCED BABY MONITORS MARKET, BY REGION, 2015-2025 (USD MILLION) 41
TABLE 10 AMERICAS: ADVANCED BABY MONITORS MARKET, BY REGION, 2015-2025 (USD MILLION) 42
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