- The key vendors in the Global Baby Monitor Market 2015-2019 are Koninklijke Philips NV, Lorex Canada Inc., Motorola Inc. and Samsung Electronics Co. Ltd.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Baby Monitor Market 2015-2019. Increased demand from emerging economies is one key trend gaining momentum in this market. The rise in demand can be attributed to growing per capita and disposable income, growing concerns about health and child care, changing lifestyles, and improved retailing. The Global Baby Monitor market is expected to grow at a CAGR of 8.63 percent in terms of unit shipments during 2014-2019.
Lately, the demand for advanced wireless baby monitors has augmented as many parents desire to do household chores while monitoring their babies. Furthermore, these devices are easy to install. Parents can access the cameras and view their babies even from other locations such as the office.
The rise in the number of dual-earning families, increased awareness of baby care products especially baby safety products, family planning, and concerns over the health and safety of children is propelling the growth of the Global Baby Monitor market.
“Companies are offering innovative smart baby monitors that are hassle-free and easy to use. For instance, Sproutling, a San Francisco-based startup has come up with wearable baby monitors, which can be synchronized through an iOS mobile operating system,” says Faisal Ghaus, Vice President of Technavio Research.
“Data such as noise and light level, room temperature, and humidity are gathered and the insights are transferred to the smartphone of the parents through iOS.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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