Baby monitors market in North America is likely to observe the highest incremental growth during the forecast period.
Arizton’s recent research report on the global baby monitor market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by product (audio only, audio & video monitors, and movement monitors), connectivity (corded and cordless), transmission (analog and digital), distribution (retail and online), and geography (APAC, Europe, Latin America, MEA, and North America).The research report offers market share in terms of volume (million units) during the forecast period.
The global infant monitor market is likely to reach over $2.5 billion, growing at a CAGR of around 13% during 2018−2024.
Baby monitors are electronic devices that transmit sound and video-related activities of a baby to a receiver, which is usually at the parents' end. Vendors have integrated baby monitors with latest technologies such as video transmission, Wi-Fi, and Bluetooth connectivity to connect them with smartphones to provide parents continuous input about the baby’s activities.
The infant monitor market is divided into major segments - product, connectivity, transmission, distribution, and geography.
Movement monitors are expected to witness traction in the infant monitor market
Movement monitors offer motion-detection or movement sensing, which is a key feature for increasing the popularity among end-users. This feature allows the parent to keep a check on the baby’s movements, including breathing. The global interactive baby movement monitor market is expected to grow at a CAGR of 16% during the forecast period. Child safety paranoia and increasing cases of SIDS are the key drivers for the growth of baby monitors devices in the market. Vendors have been adding additional features such as temperature monitoring, oxygen level monitoring, and ECG monitoring, among others to attract tech-savvy end-users. In 2018, the under-the-mattress segment dominated the significant share of the baby movement monitor market with about 48% market share.
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North America is likely to observe the highest incremental growth during the forecast period
North America is likely to account for 34% and 31% market shares in terms of revenue and unit shipment, respectively, in 2024. Connected devices are witnessing a high popularity in the US market, and smart baby monitors are also gaining popularity. The infant monitor market is expected to witness a high demand because of their reliability and convenience. With advances in technology, baby monitors deliver high performance and have become user-friendly. The introduction of monitor devices with features such as AI and smartphone integration and sleek designs is likely to propel the demand for infant monitor market.
Online and retail sale of baby monitors
Baby monitors are mainly sold through retail distribution channels such as child specialty stores, supermarkets, and hypermarkets or mass market players, boutiques, and electronic and electrical stores. Baby monitors are also available to end-users through online OEMs’ e-commerce portals and online direct-to-consumer stores such as Amazon, eBay, Frist Cry, Alibaba, and AliExpress. In 2018, retail sales constituted 85% of the distribution model and online sales constitute the rest. A majority (about over 60%) of the baby monitor components that are supplied across the world are manufactured in China, South Korea, Japan, and Europe.
Dorel Industries, LorexTechnology, Motorola Mobility, Philips Avent, Samsung Electronics, and Summer Infant are identified as key vendors in the global infant monitor market. Angelcare, Blue Spark Technologies, Hisense, Mayborn Group, Snuza International, Ibaby Guard International, Infanttech, Jablotron, MonDevices, Nanit, Owlet Baby Care, Respisense, Rest Devices, and Safetosleep are the prominent vendors in the movement monitors.
The complete overview of the latest market research report on the global baby monitor market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
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