Press release
Baby Monitors Market: Emergence of Cutting-edge Products and Busy Schedule of Parents Stoke Growth
Some of the popular strategies adopted the major players in the global baby monitor market is product innovation leveraging advanced technologies and strategic acquisitions. A case in point is the acquisition of Wellcentive, a U.S.-based provider of population health management software solutions by global giant Philips in 2016. At present retail channels, which can be broadly segmented into brick and mortar retail stores and ecommerce platforms, account for maximum sale of baby monitors. Going forward, online retail platforms will likely drive up sales drastically.
Get Research Report PDF Brochure for more info:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5156
A report by Transparency Market Research forecasts the global baby monitors market to rise at a steady CAGR of 4.4% from 2016 through 2024 to reach a valuation of US$1.292 bn by 2024 from US$0.877 bn in 2015.
North America Dominates Market due to Sizeable Proportion of Working Parents
Depending upon the types of products available in the market, the global baby monitors market can be classified into audio baby monitor, fixed video baby monitor, and pan and tilt baby monitors. Of these, the fixed video baby monitor segment leads the market. It had a whopping market share of 48.2% in 2015. Its growth has been fuelled primarily by the demand for high end baby monitoring devices with smartphone monitoring features. This in turn, is because of both sets of parents working these days and an increasing awareness about and means to splurge on advanced baby care products.
Geographically, North America holds a dominant share in the global market for baby monitors. This is because of the large number of nuclear families in the region and high spending capacity of the people. Europe follows North America in terms of market share. In the near future, however, Asia Pacific is slated to outshine all other regions vis-à-vis growth. The TMR report predicts the Asia Pacific market, powered by developing economies of India and China, to expand at a CAGR of 6.3% from 2016 to 2024.
Daycare Centers Drive Demand
Busy schedule of parents these days have forced them to put their children in daycare institutes. And this has led to the swift uptake of baby monitors as daycare institutes find them handy in supervising a number of children. Other factors promoting growth in the global market are the increasing awareness drive conducted by the media about the safety of children, knowledge of sudden infant death syndrome (SIDS) – also referred to as “cot death,” and continued progress in technology resulting in more cutting-edge products. Easy accessibility of baby monitors via online platform is also driving the market.
Decreasing Fertility Rates Damp Demand
As per the lead analyst of the TMR report, decreasing fertility rates, especially in developed nations of the world, can pose a roadblock to the swift uptake of baby monitors. Recession following the collapse of two global investment banking giants in 2008 has been responsible for hampering the growth of the market. “With the onset of recession, there was a rise in unemployment and a decline in GDP levels leading to a fall in consumer confidence. Moreover, the rise in unemployment resulted in falling marriage rates. These factors are resulting in low fertility,” adds the analyst.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Baby Monitors Market: Emergence of Cutting-edge Products and Busy Schedule of Parents Stoke Growth here
News-ID: 448043 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for North
Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need.
Whether you're moving…
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032.
Biosimulation, which involves the use of…
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png
Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community.
North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the…
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay.
Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing…
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada.
Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the…
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally.
Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.…
