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Europe Baby Monitor Market to Record an Exponential CAGR of 9% by 2016 - 2022
Europe Baby Monitor Market
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It consists of a transmitter and a microphone to transmit both audio as well as video signals. The microphone unit is placed near the child to capture babys sounds and send it to the attendant by means of a transmitter. Furthermore, advanced baby monitors with built-in features, such as preinstalled lullabies, temperature sensor and movement trackers, are available to cater to the requirements of parents.
Major factors that drive the Europe baby monitor market include the rise in the number of employed parents coupled with online retail trends offering increased accessibility & convenience and increased spending on baby care. However, safety concerns of parents concerning the emission of radiation from these devices and low birth rates are factors that restrain the market growth. Despite the challenges faced by the manufacturers, increasing demand of high-end differentiated products are expected to offer lucrative opportunities for growth.
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The study of Europe baby monitor market is done on the basis of type, mode of connection, and country. Based on connection, the market is divided into wired and wireless baby monitors. On the basis of type, it is categorized into audio and video baby monitors. The market is analyzed across key countries, including France, the UK, Germany, Ireland, Benelux (Belgium, Netherlands, and Luxembourg), and rest of Europe.
Numerous key players are operating in the market which include Samsung Electronics Co. Ltd., Motorola Mobility LLC., Angelcare Monitors, Inc., Tomy Company Ltd., Vtech Holdings Ltd., ShenZhen Foscam Intelligent Technology Company Ltd., Summer Infant, Inc., Koninklijke Philips N.V., Luvion Premium Babyproducts, and Withings, Inc. They have adopted various growth strategies to capture a larger market share and increase their customer base. Presently, product launch strategy drives the market. In 2015, Luvion Premium Baby Products launched a compact-sized video baby monitor with several features such as room temperature display, digital full HD sound, and high image quality camera with 5 meters of night vision.
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