Baby Monitor Market Expected Growing at the Highest CAGR of 8.5% - Competitive Analysis of Leading Market Players - Samsung Electronics Co. Ltd., Dorel Industries, Inc., Angelcare Monitors, Inc., LOREX Technology, Inc., VTech Holdings Ltd., ShenZhen Fosca

Basis the mode of connection, the market has been segregated into wireless baby monitors & wired baby monitors. The segment of wireless baby monitors is expected to account for 94.8% of the overall market revenue by 2020, as these monitors offer greater portability and ease of connectivity, compared to the wired baby monitors. Moreover, the demand for wired baby monitors would gradually decrease in future, as these are perceived to be insecure for babies due to the sensor cord attached to them.

Baby Monitor Market Report, published by Allied Market Research, forecasts that the market is expected to grow at CAGR of 8.5% during forecast period of 2015-2020. In 2014, the North America accounted for the largest share of about 62.3%, owing to higher per-capita spending on baby care products and prevalence of nuclear family culture. However, emerging countries in Asia such as China and India, would witness increasing demand for baby monitors during the forecast period, owing to increasing awareness, the rising number of employed parents and growing disposable income.

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Increase in the number of working parents and nuclear families has led to a higher adoption of baby monitors in homes and day care centers. Growing awareness about baby safety, increasing disposable income and increased online retailing are other factors that have fueled the growth of the market. However, declining birth rate due to sedentary lifestyle and safety concerns associated with these products are amongst major challenges for the players operating in the industry. Irrespective of challenges, the industry is anticipated to offer attractive business opportunities in developed as well as developing regions in near future.

The world baby monitors market is segmented on the basis of type, mode of connection and geography. Based on type, baby monitors are categorized as audio and video baby monitors. Market is categorized as wired and wireless baby monitors depending on mode of connection. Wireless baby monitors offer the advantage of portability, ease of installation and connection as these can be easily connected to WLAN. The world baby monitors market is analyzed on the basis of geographical regions, which include North America, Europe, Asia-Pacific and LAMEA.

Rise in number of employed parents in the countries such as the United States, Canada, China and others, is the major factor that drives baby monitor’s market. This increase in number is subjected to increase in number of working mothers. These baby monitors enable employed parents to watch their baby or track baby’s movements when they are away from home or at workplace. Increase penetration of smartphones and growing usage of internet have enabled parents to watch their baby from a remote location.

Declining birth rate is a key challenge faced by manufacturers of baby monitors. Sedentary lifestyle and high stress level are the main causes of low birth rate. Urbanization, smaller household, a higher number of people are entering into education and career, and population control have led to increase in the stress level of consumers. Low fertility is observed especially in the Western European countries, Japan, Canada, Russia, and Poland which limits market growth.

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The prominent companies profiled in this report include Samsung Electronics Co. Ltd., Dorel Industries, Inc., Angelcare Monitors, Inc., LOREX Technology, Inc., VTech Holdings Ltd., ShenZhen Foscam Intelligent Technology Co. Ltd., Summer Infant, Inc., Koninklijke Philips N.V., Nest Labs, Inc., and Withings, Inc. Presently, the baby monitor market is majorly driven by growth strategies such as product launch and acquisition. Lorex Technology, Inc., Summer Infant Inc., Nest Labs, Inc., and VTech Holdings Ltd. have launched smart baby monitors in recent past to increase their customer base and expand their market penetration.

Key Findings of Baby Monitor Market:

• In 2014, North America was the highest revenue-generating market, owing to higher adoption of niche baby care products
• Western Europe has emerged to be the second largest market with Germany and U.K. accounting for the prominent share of the overall market by value
• Video monitors have emerged to be the prominent segment due to increasing demand for high-end baby monitoring devices with smart monitoring features
• The Asia-Pacific region would witness the fastest growth during 2015-2020, owing to the increasing adoption of high-end baby monitors in developing economies such as China and India

List of Tables

TABLE 1 WORLD BABY MONITOR MARKET REVENUE BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 2 WORLD BABY MONITOR MARKET REVENUE BY PRODUCT TYPE, 2014-2020 ($MILLION)
TABLE 3 WORLD AUDIO BABY MONITOR MARKET REVENUE, 2014-2020 ($MILLION)
TABLE 4 WORLD VIDEO BABY MONITOR MARKET REVENUE, 2014-2020 ($MILLION)
TABLE 5 WORLD BABY MONITOR MARKET REVENUE BY MODE OF CONNECTION, 2014-2020 ($MILLION)
TABLE 6 WORLD WIRED BABY MONITOR MARKET REVENUE, 2014-2020 ($MILLION)
TABLE 7 WORLD WIRELESS BABY MONITOR MARKET REVENUE, 2014-2020 ($MILLION)
TABLE 8 NORTH AMERICA BABY MONITOR MARKET REVENUE BY TYPE, 2014-2020 ($MILLION)
TABLE 9 NORTH AMERICA BABY MONITOR MARKET REVENUE BY MODE OF CONNECTION, 2014-2020 ($MILLION)
TABLE 10 EUROPE BABY MONITOR MARKET REVENUE BY TYPE, 2014-2020 ($MILLION)
TABLE 11 EUROPE BABY MONITOR MARKET REVENUE BY MODE OF CONNECTION, 2014-2020 ($MILLION)
TABLE 12 ASIA-PACIFIC BABY MONITOR MARKET REVENUE BY TYPE, 2014-2020 ($MILLION)
TABLE 13 ASIA-PACIFIC BABY MONITOR MARKET REVENUE BY MODE OF CONNECTION, 2014-2020 ($MILLION)
TABLE 14 LAMEA BABY MONITOR MARKET REVENUE BY TYPE, 2014-2020 ($MILLION)
TABLE 15 LAMEA BABY MONITOR MARKET REVENUE BY MODE OF CONNECTION, 2014-2020 ($MILLION)
TABLE 16 SNAPSHOT OF SAMSUNG ELECTRONICS CO. LTD
TABLE 17 SNAPSHOT OF DOREL INDUSTRIES INC
TABLE 18 SNAPSHOT OF ANGELCARE MONITORS INC.
TABLE 19 SNAPSHOT OF LOREX TECHNOLOGY INC.
TABLE 20 SNAPSHOT OF VTECH HOLDINGS LIMITED
TABLE 21 SNAPSHOT OF SHENZHEN FOSCAM INTELLIGENT TECHNOLOGY CO., LTD
TABLE 22 SNAPSHOT OF SUMMER INFANT, INC.
TABLE 23 SNAPSHOT OF KONINKLIJKE PHILIPS N.V
TABLE 24 SNAPSHOT OF NEST LABS, INC.
TABLE 25 SNAPSHOT OF WITHINGS INC.

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