Global Baby Monitors Market size was valued US$ 998.6 Mn in 2019 and the total revenue is expected to grow at XX % through 2020 to 2027, reaching US$ XX Mn.

Global Baby Monitors Market

Global Baby Monitors Market Overview:

A growing number of nuclear families & working mothers have been powering the adoption of the product among the customers. In addition, the increasing birth rate in nations including Sweden, the U.K., Russia, Czech Republic, & Spain is projected to expand the market size of the baby monitor during the forecast period.

Baby monitors permit parents to track the activities of their children. Increasing awareness about child safety has been inspiring working parents to purchase this type of product. The rise in the number of working mothers in countries like the U.S., China, & Canada is anticipated to remain the main factor driving the market. These products decrease the tension of the parents while they are at the office or away from home as they simplify the consumers with real-time communication between parents & their children. Furthermore, the fast access of smartphones has been backing the development of the industry as they allow the parents to look at their child from any location.

Increasing purchasing power in emerging countries like Brazil, India, Thailand, & China is expected to allow customers to spend more on children's safety. Growth of e-commerce has driven the development of the baby monitors market by offering easy access to the products to customers across the world. Besides, change in the one-child policy in China is anticipated to develop the market size of baby monitor during the forecast period.

Product innovation through the use of new technologies & IoT (Internet of things) is rising the demand for products in both established and emerging countries. Features with portability, ease of installation, & WLAN connection have been attracting the customers across the globe. On the other hand, a decrease in the birth rate produced by the high-stress & sedentary lifestyle is estimated to hamper the market demand for the industry in the upcoming years. Safety worries associated with these baby monitors can be a challenge for the makers of the baby monitor industry.

As of 2018, the offline distribution channel held a major share of more than 70.0 percent in the market for baby monitors. Growing penetration of hypermarkets & supermarkets has supported the offline retail segment across the world. The brick & mortar store offers personal service, easy returns, & physical verification to the customers prior to any purchases.

The online distribution channel is expected to expand at the fastest CAGR of 8.92 percent from 2019 to 2027. The accessibility of a wide range of products in online retail stores is estimated to be a primary driver for online sales. Furthermore, e-commerce allows the consumers to compare many products at once & provides reviews from other shoppers; thus, in turn, saving the lead-time of the customers. As a result, over the last few years, customers’ preference has been moving towards e-commerce as a medium of buying the baby monitors.

Competitive Landscape:

Global Baby Monitors Market1Global Baby Monitors Market1

Growing Number of Working Mothers

In many countries, men tend to contribute to labor markets more frequently than women. All over the globe, labor force contribution among women of working age improved considerably in the past few years. In some parts of the globe, the historical rise in female labor force contribution has slowed down or even regressed slightly in current years. Women all over the globe allocate an extensive quantity of time to activities that are not recorded as economic activities. Hence, female input in labor markets tends to rise when the time-cost of unpaid care work is decreased, shared equally with men, & made more compatible with market work. The rising contribution of women including mothers with newborn babies has led to the development in sales of monitoring devices counting with baby monitors.

The objective of the report is to present a comprehensive analysis of the Global Baby Monitors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Baby Monitors Market dynamics, structure by analyzing the market segments and project the Global Baby Monitors Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Distribution Channel portfolio, growth strategies, and regional presence in the Global Baby Monitors Market make the report investor’s guide.

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Global Baby Monitors Market, By Product

• Audio & Video
• Tracking Devices
Global Baby Monitors Market, By Distribution Channel

• Offline Retail Stores
• Online Retail Stores
Global Baby Monitors Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Baby Monitors Market Key Players

• Samsung Electronics Co., Ltd.
• Motorola, Inc
• Dorel Industries Inc.
• iBaby Labs, Inc.
• NETGEAR Inc.
• Summer Infant, Inc.
• VTech Communications, Inc.
• Lorex Technology Inc.
• Angelcare Monitor Inc.
• Safety 1st

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