Global Baby Monitor Market projected to reach $1.72 billion by 2024
Global Baby Monitor Market Trends, Estimation and Forecast | 2024
(EMAILWIRE.COM, February 06, 2018 ) The Global Baby Monitor Market was valued at $897 billion in 2016, and is projected to reach $1.72 billion by 2024, having a CAGR of 8.6% during the forecast period of 2017 to 2024.
Browse details of 121 pages of research report developed on Global Baby Monitor Market @ https://www.researchcosmos.com/reports/global-baby-monitor-market-trends-estimation-and-forecast-2024/1916395036
A baby monitor or a baby alarm, is a radio system which is used to distantly monitor a baby. An audio monitor consists of a transmitter unit, fitted with a microphone, which is supposed to be kept near the child. It transmits the sounds by radio waves to a receiver unit with a speaker which is carried by person looking out the baby. There are some baby monitors which provide two-way communication in order to allow the parent to speak to the baby. Baby cams are also flourishing in the current market which are getting fame in the market as they consist a video display in order to look after the infant. Modern parents now have the option of using baby monitors to listen to or even watch their babies from afar. Many parents find that monitors buy them peace of mind and allowing them to roam freely around the house while still keeping close tabs on their babies.
Market Determinants
Increasing number of working parents, growing concerns regarding infant safety and rapidly increasing online retailing are the major drivers to the baby monitor market growth. Moreover, increased disposable income and increasing expenditures with the growth of developing economies is also pushing the market growth. According to US States Department of Labor, a 2.4% rise in per person expenditure has been observed from 2015 to 2016. In 2016, the expenditure per person in US was $57,311. However, constantly reducing birth rates and safety concerns associated with these products can act as major restraining factors to the market growth. On the other hand, upcoming demand from the growing economies will act as a lucrative opportunity for the baby monitor market growth.
Segment Analysis
The global baby monitor market is segmented on the basis of product type, mode of connection and geography. By product type, the market is segmented into audio and video baby monitors. By mode of connection, the market is segmented as wired and wireless baby monitors. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World.
Wireless baby monitors the most adopted devices, holding nearly 91.6% of the global market. Geographically North America lead the global baby monitor market in 2016 and is expected to grow with a CAGR of 8.4% during the forecast period.
Some major market players are Summer Infant, Inc., Withings, Inc., Angelcare Monitors, Inc., Dorel Industries, Inc., VTech Holdings Limited, Nest Labs, Inc., Samsung Electronics Co., Ltd., Koninklijke Philips N.V, ShenZhen Foscam Intelligent Technology Co., ltd
Avail Sample Market Brochure of the report for more information to
evaluate report usefulness, Get a copy @ https://www.researchcosmos.com/request/1916395036
GLOBAL BABY MONITOR MARKET SEGMENTATION
By Product Type
Audio
Video
By mode of connection
Wired
Wireless
By Geography
North America
Europe
APAC
ROW
KEY MARKET PLAYERS
LOREX Technology, Inc.
Summer Infant, Inc.
Withing, Ing.
Angelcare Monitors, Inc.
Dorel Industries, Inc,
VTech Holdings Limited
Nest Labs, Inc.
Samsung Electronics Co., Ltd
Koninklijke Philips N.V
ShenZhen Foscam Intelligent Technology Co., ltd.
Got some questions, Inquire @ https://www.researchcosmos.com/inquire/1916395036
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Dani Rodriguez
Sales Manager
Research Cosmos
www.researchcosmos.com
dani@researchcosmos.com
# +1 888 709 8757
Browse details of 121 pages of research report developed on Global Baby Monitor Market @ https://www.researchcosmos.com/reports/global-baby-monitor-market-trends-estimation-and-forecast-2024/1916395036
A baby monitor or a baby alarm, is a radio system which is used to distantly monitor a baby. An audio monitor consists of a transmitter unit, fitted with a microphone, which is supposed to be kept near the child. It transmits the sounds by radio waves to a receiver unit with a speaker which is carried by person looking out the baby. There are some baby monitors which provide two-way communication in order to allow the parent to speak to the baby. Baby cams are also flourishing in the current market which are getting fame in the market as they consist a video display in order to look after the infant. Modern parents now have the option of using baby monitors to listen to or even watch their babies from afar. Many parents find that monitors buy them peace of mind and allowing them to roam freely around the house while still keeping close tabs on their babies.
Market Determinants
Increasing number of working parents, growing concerns regarding infant safety and rapidly increasing online retailing are the major drivers to the baby monitor market growth. Moreover, increased disposable income and increasing expenditures with the growth of developing economies is also pushing the market growth. According to US States Department of Labor, a 2.4% rise in per person expenditure has been observed from 2015 to 2016. In 2016, the expenditure per person in US was $57,311. However, constantly reducing birth rates and safety concerns associated with these products can act as major restraining factors to the market growth. On the other hand, upcoming demand from the growing economies will act as a lucrative opportunity for the baby monitor market growth.
Segment Analysis
The global baby monitor market is segmented on the basis of product type, mode of connection and geography. By product type, the market is segmented into audio and video baby monitors. By mode of connection, the market is segmented as wired and wireless baby monitors. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World.
Wireless baby monitors the most adopted devices, holding nearly 91.6% of the global market. Geographically North America lead the global baby monitor market in 2016 and is expected to grow with a CAGR of 8.4% during the forecast period.
Some major market players are Summer Infant, Inc., Withings, Inc., Angelcare Monitors, Inc., Dorel Industries, Inc., VTech Holdings Limited, Nest Labs, Inc., Samsung Electronics Co., Ltd., Koninklijke Philips N.V, ShenZhen Foscam Intelligent Technology Co., ltd
Avail Sample Market Brochure of the report for more information to
evaluate report usefulness, Get a copy @ https://www.researchcosmos.com/request/1916395036
GLOBAL BABY MONITOR MARKET SEGMENTATION
By Product Type
Audio
Video
By mode of connection
Wired
Wireless
By Geography
North America
Europe
APAC
ROW
KEY MARKET PLAYERS
LOREX Technology, Inc.
Summer Infant, Inc.
Withing, Ing.
Angelcare Monitors, Inc.
Dorel Industries, Inc,
VTech Holdings Limited
Nest Labs, Inc.
Samsung Electronics Co., Ltd
Koninklijke Philips N.V
ShenZhen Foscam Intelligent Technology Co., ltd.
Got some questions, Inquire @ https://www.researchcosmos.com/inquire/1916395036
About Research Cosmos:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Dani Rodriguez
Sales Manager
Research Cosmos
www.researchcosmos.com
dani@researchcosmos.com
# +1 888 709 8757
Contact Information:
Research Cosmos
Dani
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Research Cosmos
Dani
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results