A baby monitor is a system that enables parents to remotely monitor the sounds and movements of their baby. The global baby monitor market is expected to grow significantly in the coming years. Major factors driving growth of the market are increasing population of working parents. In addition, increasing awareness about SUID (Sudden Unexpected Infant Death) is another key reason for market growth. Moreover, high disposable income, increasing penetration of smart devices, and growing usage of internet coupled with e-commerce platforms offering wide range of products is also expected to boost market growth significantly.
The baby monitor market report has been segmented on the basis of type, connectivity, and region.
On the basis of type, the global baby monitor market is segmented into audio baby monitors and audio-visual baby monitors. The audio-visual baby monitors segment is expected to dominate the market owing to IoT (Internet of Things), through which parents are able to observe every movement of babies on their devices such as smartphones, tablets or laptops.
On the basis of connectivity, the global baby monitor market is segmented into wired baby monitors and wireless baby monitors.
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On the basis of region, the global baby monitor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in North America is expected to dominate the global baby monitor market owing to high disposable income, growing number of nuclear families, advanced technological infrastructure and increase in adoption of innovative & niche baby products. The market in Asia Pacific in expected to witness significant growth in the coming years owing to increasing awareness about child care, increasing disposable income and changing lifestyle.
Key players in the global baby monitor market include Dorel Industries Inc., Samsung Electronics Co. Ltd., LOREX Technology Inc., Angelcare Monitors Inc., VTech Holdings Ltd., Summer Infant Inc., Sony Corporation, Koninklijke Philips N.V., Nest Lab. Inc., and Withings Inc.