Increase in Nuclear Families to Boost Growth of the Global Baby Monitors Market Through 2021, Says Technavio
LONDON–(BUSINESS WIRE)–#BabyProducts–According to the latest market study released by Technavio,
the global
baby monitors market is expected to grow at a CAGR of
close to 11% during the forecast period.
This research report titled ‘Global
Baby Monitors Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This report
also includes an up to date analysis and forecasts for various market
segments and all geographical regions.
According to Brijesh Kumar Choubey, a lead analyst at Technavio for toys
and baby products research, “Changing lifestyles have
led to an increase in nuclear and single-parent families. Fast-paced
modern lifestyles have increased the need for time-saving and
easy-to-use baby monitoring processes and devices.”
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The market research analysis categorizes the global baby monitors market
into three major product segments. They are:
- Audio and video baby monitors
- Motion-detection baby monitors
- Audio baby monitors
Audio and video baby monitors
The global audio and video baby monitors market is expected to
grow at a CAGR of more than 12% during the forecast period. A baby
monitor transmits audio and video data to a receiver to keep a tab on
the child’s activity in case parents are not around. A basic baby
monitor functions by using a radio transmitter, whereby the sound
produced by a baby is transferred to a receiver. The receiver contains
an inbuilt speaker that enables listeners to hear the baby from various
locations within a certain range. Audio and video baby monitors relay
both audio and video data to the receiver or parent unit. The most basic
forms of these monitors have a small, wall-mounted or table-top camera,
in addition to a primary audio unit.
Motion-detection baby monitors
Movement monitors are a niche and relatively new category of baby
monitors that are gaining traction owing to their key feature of
movement-sensing. Such baby monitoring systems sound an alarm if
no movement or breathing is sensed for an average of 20 seconds,
alerting parents or caretakers. These monitors are expected to gain
sales momentum over the forecast period with growth in awareness of
these products.
Under-the-mattress baby movement monitors have sensor pads that need to
be placed under the mattress of the baby’s crib. These sensors are
usually highly sensitive and can be used with a wide range of
conventional mattresses irrespective of their thickness. However, the
sensitivity of under-the-mattress sensor pads differs from one vendor to
another and consumers need to verify the suitability of such monitors to
the mattress type.
Audio baby monitors
Audio monitors transmit sounds to receiver devices, which enables
parents or caregivers to listen to the baby. Some of these devices are
equipped with a two-way talk-back feature so parents can calm and
console babies by talking to them. Audio-only monitors are priced
relatively low, which adds to their prevailing mass appeal in the
market. The global audio baby monitors market is expected to grow at a
CAGR of close to 8% during the forecast period.
“Baby monitors have relatively high penetration rates in Europe and
North America. In contrast, the baby monitors markets in APAC, MEA, and
South and Central America offers considerable growth potential. Over the
coming years, growing demand from countries such as China, Japan, Oman,
Kuwait, Brazil, and Mexico is expected to contribute to the growth of
the market,” says Brijesh.
The top vendors highlighted by Technavio’s consumer
and retail market research analysts in this report are:
- Dorel Juvenile Group
- Koninklijke Philips
- Lorex
- Motorola
- Samsung Electronics
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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