Published By : 09 Nov 2016 | Published By : QYRESEARCH
The demand for baby monitors is on the rise due to the rising count of working parents and the rising count of nuclear families. Additionally, the rising number of day care facilities has also fuelled the baby monitors’ demand globally. Furthermore, the increasing development in disposable income in developing economies and the increasing preference to expend on baby care products will bode well for the development of the market, particularly in emerging nations of Latin America and Asia Pacific.
Fixed Video Baby Monitors Held a Share of Over 45% in 2015
There are a number of products available in the baby monitors market, namely pan and tilt baby monitors, fixed video baby monitors, and audio baby monitors. Of these, the segment of fixed video baby monitors held a significant share of more than 45% in the market, on the basis of revenue, in 2015. This trend will continue in the coming years owing to the developed features exhibited by fixed video baby monitors such as heart rate monitoring, talk-back, temperature sensing, and video transmission, among others. On the other hand, the segment of pan and tilt baby monitors is predicted to show a constant development due to its increasing possibility in users and their increasing advantages of camera’s easy rotation and temperature alerts.
Increasing Awareness Related to Security and Safety of Babies to Boost North America Baby Monitors Market
In terms of geography, in 2015, North America is the top market for baby monitors on the basis of revenue, in terms of revenue, and held a share of 52.0%. The increasing count of nuclear families and the increasing awareness related to security and safety of babies are amongst the prime factors fuelling the growth of market for baby monitors market. Europe trailed North America and held the second position in the market in 2015. On the other hand, Asia Pacific is poised to experience the swiftest growth in the coming years.
The key players dominant in the market are Samsung Electronics Co. Ltd., Angelcare Monitors Inc., Dorel Industries Inc., LOREX Technology Inc., Summer Infant Inc., Sony Corporation, VTech Holdings Ltd., and Koninklijke Philips N.V., among others.