Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Baby Video Monitor market.
Trusted Business Insights presents an updated and Latest Study on Baby Video Monitor Market 2020-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Baby Video Monitor market during the forecast period (2020-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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The global baby video monitor market is estimated to value at over US$ 0.6 Bn in 2019 and is expected to register a CAGR of 8.9%. The global baby video monitor market is segmented on the basis of type, and region.
Global Baby Video Monitor Market: Introduction
Baby monitors are offering a modern update with video monitoring. Baby video monitors is an electronic device designed to enable parents to remotely monitor sound as well as movement of the baby. Baby video monitors include audio as well as video capabilities, with built-in speaker and microphone to enable two-way audio to speak and see to the baby. Most baby video monitors include digital zoom, night vision, as well as storage for photos and video. The best baby video monitors include a color display screen that allow parents to see their child real-time.
Global Baby Video Monitor Market: Dynamics
Increasing number of working women population is a major factor expected to drive the market growth over the forecast period. Rising demand for baby video monitor among parents, owing to increasing awareness about children safety and security across the globe are some factors expected to drive rapid growth of the global baby video monitor market. Increasing disposable income and increasing technological advancement such as adoption of smart baby video monitors that connected to tablets and smartphones by using wireless technology to remotely monitor babies. These are some other factors projected to propel growth of the target market over the forecast period.
For instance, in February 2017, VTech Communications, Inc., US-based company has unveiled the addition of new high-definition touchscreen monitors and Wi-Fi cameras, that feature motion alerts and enable live remote access through smartphone and tablet app.
Increasing adoption of split screen technology in baby monitors is expected to have positive impact on global baby video monitor market during the forecast period.
For instance, in October 2018, Motorola Inc., US-based company has launched video baby monitor Motorola MBP855CONNECT-2 with Wi-Fi, that connects up to four cameras. The product includes intercom and uses split-screen technology to fit all grabs on the same screen.
However, locally manufactured alternative baby video monitors are available at low cost is a major factor that could limit the market growth. In addition, increasing concerns about wireless baby monitor hacking across the world is a factor that could affect growth of the target market over the forecast period.
For instance, in December 2018, it was reported that a baby monitor linked to Wi-Fi Nest camera was hacked by a stranger who threatened the parents stating that he was in the childs room and would abduction their infant
Increasing adoption of security baby video monitors that designed in various shapes such as teddy bears, birds, etc., and rising adoption of visual noise indicator and split-screen features of baby video monitor. These are key trends observed in the market and is expected to gain traction, thereby supporting revenue growth of the global market.
Growing technological advancements to launch new products, as well as growth of sensor-based baby monitor, are factor expected to create growth opportunities for the operating players in the target market.
Global Baby Video Monitor Market Analysis, by Type
Among the type segments, the wireless baby video monitor segment is expected to contribute major revenue share as compared to wired baby video monitor segment over the forecast period. This can be attributable to rising adoption of a smart baby video monitor that connected to tablets and smartphones by using wireless technology. The wireless baby video monitor segment is expected to register CAGR of over 8.5%. The wired baby video monitor segment is expected to account the second highest share in terms of revenue in the near future.
Global Baby Video Monitor Market Analysis, by Region
Currently, the market in North America is dominating the global market in terms of revenue share and is expected to maintain its dominance over the forecast period. Increasing working parents population, growing child security concern, increasing availability of high-speed internet and adoption of smart IoT devices among individuals are major aspects that drive growth of North America baby video monitor market.
According to Pew Research Center, out of 46% households with a mother and father, both parents are employed full time in the US. In addition, US countries parents are adopting smart toys owing to advantages such as night vision, monitoring child health, and video recording precious moments. Also, sleep tracking and analytics, that able to check on children inside a room without need to switch on lights. Increasing demand for baby video monitor in child care centers that provide transparency between the service provider and parents is another factor expected to boost the market growth in the countries in the region.
The market in Europe accounts for second-highest share in terms of revenue and is expected to register lucrative growth in the near future. Increasing spending capacity on childcare safety and security, as well as increasing number of missing children cases, are major factors driving growth of the target market in this region. In addition, high acceptance of advanced baby video monitoring device is another factor expected to support growth of the baby video monitor market in Europe over the forecast period.
Asia Pacific baby video monitor market is expected to register fastest growth in terms of revenue in the near future. Increasing demand for baby video monitor by working parents in order to an increased need for babysitters in countries such as Japan and China is a supporting factor for growth of the target market. In addition, high-speed Internet connectivity, coupled with rising penetration of smartphone in Asian countries create positive impact for growth of the market in the countries in the region.
The market in Middle East & Africa is expected to witness lucrative growth in terms of revenue over the forecast period, followed by Latin America. Growing adoption of technological advanced baby video monitor product creates more opportunities for producers operating in the target market, is factor projected to support growth of the target market in this region. In Addition, growing awareness regarding safety and security of the child, and increasing spending power with increased in changing lifestyle of individual in this region is expected to support market growth in the region.
Global Baby Video Monitor Market Segmentation:
Global Baby Video Monitor Market Segmentation, by Type:
Global Baby Video Monitor Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players included in the report: Global Baby Video Monitor Market
- Motorola Solutions, Inc.
- Arlo Technologies
- Koninklijke Philips N.V.
- Samsung Electronics Co., Ltd.
- Vtech Holdings Limited
- Nest Labs, Inc.
- Cocoon Cam
- Miku Inc.
- Summer Infant, Inc.
- Infant Optics
- Owlet Baby Care Inc.
- iBaby Labs, Inc.
Key Insights Covered: Global Baby Video Monitor Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Baby Video Monitor industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Baby Video Monitor industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Baby Video Monitor industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Baby Video Monitor industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Baby Video Monitor industry.
Research Methodology: Global Baby Video Monitor Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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