Published By : 13 Apr 2016 | Published By : QYRESEARCH
Baby monitors refer to devices that are widely used to monitor the babies in the absence of parents. The transmitter unit in the baby monitors can transmit audio and can also provide a video output to the receiver. The baby monitor is commonly used across the globe, as it helps in monitoring the baby from a distance. As a result, the global market for baby monitor holds a huge potential to grow in the near future.
On the basis of technology, the global market for baby monitors can be divided into:
Technological advancement in the baby monitors has helped in tracking the movement of baby and temperature of the room. In addition, some of the baby monitors also come with built-in lullabies that help the baby to go off to sleep. The increasing number of working couples across the globe has resulted in a tremendous increase of the day care centers, which is the major factor that is fueling the growth of the global market for baby monitors. Baby monitors help in monitoring more number of infants at the same time. Thus, the demand for baby monitors is comparatively high from day care center than homes.
In addition, the increasing number of online retailers provide the consumers with a wide range of products, which has increased the convenience and accessibility, particularly for working parents. Nevertheless, the low birthrate caused due to the sedentary lifestyle and increased stress levels resulting in low fertility rate is one of the major factors, which is estimated to hamper the growth of the market in the next few years.
The growing demand for baby monitors has attracted several players to enter the market and create a brand name for themselves. In the next few years, numerous companies are expected to enter the market. Some of the major players operating in the global market for baby monitors are Angelcare, Samsung Electronics, Lorex Canada, Sony, Dropcam, Graco, Genexus, Motorola, iBaby labs, Koninklijke Philips, and Withings. These players are taking constant efforts to introduce innovative products so as to attract consumers and offer best services to them.