Wednesday, April 14, 2021

Baby Monitors Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels to 2024

Baby Monitors Market: Snapshot

The global baby monitors market has gained from the changing lifestyles and work schedules of the masses. As parents become increasingly reliant on digital technologies for maintaining their work-life balance, baby monitors shall gain popularity. Corporate responsibilities and stringent work schedules have compelled people to install baby monitors in houses. Furthermore, the world health organization (WHO) has emphasized on the use of new-age technologies for preventing mishaps and undulated casualties. Hence, the global baby monitor market is slated to grow at a stellar pace in the years to follow.

The ATSM International F2951 Standard has outlined key guidelines for manufacturing baby monitors. The demand for safer and resilient baby monitors has played an integral role in defining the growth dynamics of the market. Cases of strangulation due to entanglement in the cords of baby monitors has shifted focus on wireless baby monitors. Hence, manufacturers of baby monitors are required to follow improved safety procedures across the scope of their operations. The market players are focusing on catering to the needs of parents requiring full-time updates about their kids.

Major Key Players of the Baby Monitors Market are:
Sony Corporation, Angelcare Monitors Inc., LOREX Technology Inc., Dorel Industries Inc., Summer Infant Inc., and VTech Holdings Ltd.

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Smart phones has emerged as an important technological upgrade. Moreover, new apps for baby monitors have also paved way for growth within the global market. The popularity of digital technologies across the residential sector has generated increased demand within the global baby monitors market. Furthermore, day-care facilities also use baby monitors to assure parents about the integrity and safety of their services.

Transparency Market Research (TMR) finds that the global baby monitors market shall expand at a steady CAGR of 4.4% over the period between 2016 and 2024. Furthermore, the total value of the global baby monitors market shall touch US$ 1,291.8 mn by 2024, rising from a value of US$876.8 mn in 2015. Video-enabled baby monitors are expected to outdo the demand for audio-only baby monitors.

The global baby monitors market is segmented by:

Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Product Type

  • Audio Baby Monitor
  • Fixed Video Baby Monitor
  • Pan& Tilt  Baby Monitors

Research objectives:-

– To study and analyze the global Baby Monitors consumption (value & volume) by key regions/countries, product type and application, history data.

– To understand the structure of the Baby Monitors market by identifying its various sub-segments.

– Focuses on the key global Baby Monitors manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

– To analyze the Baby Monitors with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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