Advanced Baby Monitors Market 2020-2027 | Detailed Analysis of top key players with Regional Outlook
Advanced Baby Monitors Market 2020-2027 | Detailed Analysis of top key players with Regional Outlook
Global Advanced Baby Monitors Market: Information by Product (Stationary and Wearable), by End User (Home Care and Day Care) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
Advanced baby monitors are used for monitoring the vital body movements of baby. These systems usually work through Wi-Fi and wireless connectivity. Growing concern about the baby’s health condition is augmenting need for the advanced baby monitors which is fueling growth of the global advanced baby monitors market. Further, the need of monitoring systems due to increasing number of working women is bolstering growth of the global advanced baby monitors market.
This rising need for the monitoring the babies, the FDA and other standards including ATSM International F2951 Standard have outlined standard guidelines for manufacturing baby monitors. The demand for the safer baby monitors is driving growth of the global advanced baby monitors market. Additionally, advent of baby monitoring systems with advanced technologies in the systems is fueling growth of the advanced baby monitors market. The manufacturers of baby monitors are trying to invent newer monitor systems based on the guidelines suggested by these organizations are fueling growth of the global advanced baby monitors market.
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Segmentation:
The advanced baby monitors market is segmented based on product, end user, and region.
In terms of product, the global advanced baby monitors market is categorized into wearable type and stationary type. Of these, the stationary type segment accounted for major share of about 80% in 2017. The segment is estimated to expand at a CAGR of 9.09% to grab a value of USD 1497.85 million by the end of 2025. This growth is attributable to the ….
Based on the end-user, the market is segmented into home care and daycare. Of these, home care segment held around 87% share in the years 2017 and is estimated to expand at a CAGR of 9.39% over the forecast period to reach valuation of USD 1660.94 million by the end of 2025.
Regional Analysis:
Based on the region, the advanced baby monitors market is segmented into Europe, the Americas, Asia Pacific, the Middle East, and Africa.
Regionally, the Americas is estimated to dominate the global advanced baby monitors market due to acceptance of innovative and advanced baby products. The presence of technologically improved infrastructure favoring the adoption of advanced baby monitors in the region. The region accounted for 48% in 2017 and is estimated to expand at a CAGR of 9.42% during the forecast period. Europe accounted for second-leading share in the global advanced baby monitors market owing to presence of large number of working parents and trend of using e-commerce platforms. Baby monitoring systems plays a key role in children’s care especially among working parents and nuclear families. The region is estimated to expand at a CAGR of 9.31% CAGR during the assessment period to reach a valuation of USD 603.38 million by 2025.
Asia Pacific is estimated to expand at most lucrative CAGR of 9.54% over forecast period to grab third position in terms of revenue. This growth is attributable to the rising number of working mothers, increase in affordability, availability of products, and large population in the region. Additionally, changing lifestyle and acceptance toward new products are augmenting growth of the market.
Industry News:
Sept 2019, BT one of the smart products manufacturing company announced the introduction of the voice-controlled smart baby monitor. This monitor can be controlled by connecting with both Google Assistant and Alexa.
Sept 2019, Google is probably be looking to take steps in the advanced baby monitoring market. A patent application filed which got published indicates at Google’s plans with a product that track movements of the baby and notify parents.
Competitive Analysis:
Some of the key players in the advanced baby monitors market include The First Years, Inc., Samsung Electronics Co. Ltd, Angelcare, Lorex Technology Inc., Snuza International, Summer Infant, Inc., MonDevices, Owlet Baby Care, MOTOROLA HOME, Mayborn Group, Safety 1st, Graco Children’s Products, Inc., and Koninklijke Philips NV.
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