The global baby monitoring market is witnessing growth, which is attributable to numerous factors. Some of these are rising living standards, especially in the developing economies, owing to tremendous economic growth experienced in this region. This increase in disposable incomes, coupled with rapid westernization is leading to a rise in demand for baby monitoring devices. Besides, as population across the world rises and nuclear-family becomes the norm, the growth will only be fuelled further.
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Baby monitoring devices market
1. Global Baby Monitoring Devices Market: Overview
The global baby monitoring devices market is witnessing growth, which is attributable to numerous
factors. Some of these are rising living standards, especially in the developing economies, owing to
tremendous economic growth experienced in this region. This increase in disposable incomes,
coupled with rapid westernization is leading to a rise in demand for baby monitoring devices.
Besides, as population across the world rises and nuclear-family becomes the norm, the growth will
only be fuelled further.
Therefore, it should come as no surprise that the market for global baby monitoring devices market
is expected to grow at a steady CAGR (Compound Annual Growth Rate), generating a significant
worth of market opportunities over the forecast period of 2019-2027.
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Global Baby Monitoring Devices Market: Notable Developments
The global baby monitoring market is on its way to charting significant growth. The market players
are active and setting the tone for future growth. To explain how certain developments would pan
out over the forecast period, a peek into few is provided below.
Feb 2017: VTech Communications, Inc. launched two novel high-definition Wi-Fi baby
monitors that feature motion alerts and live remote access through smartphone apps and
tablets. It is a step ahead in modern parenting and would cater to a vast number of people
Nov 2016: Motorola announced launch of a smart nursery products that are both intelligent
and interactive. Besides, they have alert sensor, humidifier and dream machine. Compatible
with iOS and Android for modern day baby monitoring, these demonstrate the seriousness
of players to keep products innovative to keep hold of market share
The global baby monitoring devices market is fragmented and key players in the landscape include
Samsung Electronics Co. Ltd., Dorel Industries Inc., Koninklijke Philips, Motorola, Lorex Technology
Inc., Angelcare Monitors Inc., Sony Corporation, Windeln De Ag, Summer infant inc. and Hisense Ltd.
To keep an edge over others, players often enter in strategic partnerships and collaborations.
Global Baby Monitoring Devices Market: Key Trends and Drivers
The global baby monitoring devices market is set to witness positive growth chart owing to a
number of factors. Some of these are outlined below.
A swift rise in digital technology in all spheres of life is noted and this is set-to be a growth
factor in baby care as well. As people get used to getting things done at the convenience of a
click, the global baby monitoring devices market is set to see notable growth. And, it should
be noted that here again, the shift is not just in baby monitoring in terms of keeping an eye
on the child but also feeding, healthcare and so on. Thus, it comes as no surprise that part of
monitoring now involves sensors to gauge baby temperature and other such factors.
A shift in lifestyle is leading to growth in global baby monitoring devices market. A work day
is getting longer for more and people, demand for such products increase. To compound the
parenting situation is the fact that both parents now work, driving the market ahead as the
need to check up on babies intensifies. Besides, even in region where there were always one
parent or grandparent available to babysit, like India, the situation is changing.
2. Westernization and urbanization is both transforming the picture in favour of market
growth.
Global Baby Monitoring Devices Market: Geographical Analysis
The Asia Pacific region will generate opportunities owing ro increase in population, westernization
and rapid urbanization. The lifestyle shift these parameter would bring about will lead to increase in
demand for baby monitoring products over the forecast period. Another market that will hold
dominance is North America owing to high living standards and high rate of adoption of baby
products.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly
comprises critical assessment of consumers' or customers' journeys, current and emerging avenues,
and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the global market by
breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
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