Published On : 24 Oct 2016
QYResearchReports.com has announced the addition of a new market intelligence report, titled “Global Smart Baby Monitor Sales Market Report 2016,” to its repository. The report offers qualitative insights into factors impacting the growth of the global smart baby monitor market. It presents a comprehensive study of the competitive landscape of the market. It also discusses the market share of key players in each region as well as the overall market by evaluating their sales and revenue.
The increasing number of working parents and nuclear families is paving the way for higher adoption of smart baby monitors in homes and day care centers. Moreover, this trend is also leading to rising disposable income, which is working in favor of the global smart baby monitor market. Furthermore, the growth of e-commerce is improving the retail experience of parents, particularly those with busy lifestyles, thereby boosting the sales of these monitors. Another factor driving the market is the growing concerns regarding child health and safety.
On the other hand, a declining birth rate due to sedentary lifestyles and family planning is one of the key factors restraining the growth of the market. Other factors such as high price and safety issues associated with these products are hampering the growth of the market. However, manufacturers are likely to tap into the opportunities presented by developed and developing nations in the near future.
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On the basis of product, the global smart baby monitor market is segmented into wired and wireless. The wireless baby monitors segment is expected to grow at a healthy pace owing to greater portability, ease of connectivity, and higher safety offered by them as compared to wired baby monitors. Each segment is reviewed based on revenue, sales, gross margin, growth rate, market share, and price.
In terms of geography, the market is segmented into the U.S., Europe, Korea, Japan, China, and Taiwan. Each regional market is assessed on the basis of sales, market share, growth rate, and revenue during the period of 2011 to 2021. The U.S. and Europe are expected to collectively account for a large share in the global smart baby monitor market. High per-capita spending on baby care products and the rising trend of nuclear family culture are fuelling the growth of these regions. China is also anticipated to flourish owing to rising awareness regarding child safety, growing disposable income, and the increasing number of working parents.
In order to enhance their market visibility, players in the global smart baby monitor market are primarily focusing on growth strategies such as mergers and acquisitions and the launch of innovative products. Some of the key companies in the market are Motorola, Summer Infant, Levana, Withings, Samsung, Vtech, Philips, Lorex, Mobi, IBaby, McDevices, and Snuza.