Key vendors to focus on creating product differentiation to gain market share
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global baby monitors market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2017 and 2021.
Competitive vendor landscape
The global baby monitors market is dominated by a few global players who have a strong international presence. The market is highly competitive in nature. Vendors in the market space leverage advances in technology and changing consumer preferences in an attempt to gain an edge over their competitors. During the forecast period, players in the market are expected to distinguish their products and services by formulating a clear and unique value proposition to keep pace with the competitive market.
According to Brijesh Choubey, a lead analyst at Technavio for research on toys and baby products, “Key vendors in the market are focusing on the provision of holistic, bundled solutions to create brand and product awareness. For instance, Hisense and Motorola together offer a bundled product, the Motorola MBP26 Digital Video Monitor Babysense Bundle.”
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Top five vendors in the baby monitors market space
Dorel Juvenile Group
Dorel Juvenile Group is a global leader in the juvenile products and bicycle category. The company offers its products through three divisions, which include juvenile, sports, and home furnishings. In FY2015, the company had a reported revenue of almost USD 3 billion. The company also has operational presence in 25 countries.
Key products: Safety 1st Crystal Clear Audio Monitor, Safety 1st Sound Moments Audio Monitor, and Safety 1st High-Def Digital Audio Monitor.
Koninklijke Philips
Koninklijke Philips is involved in the healthcare, consumer lifestyle, and lighting businesses worldwide. In FY2015, the company reported a revenue of almost USD 27 billion. In the same financial year, the company reported around USD 3 billion in revenue from its domestic appliances category.
Key products: Avent DECT Baby Monitor and Avent Digital Video Baby Monitor.
Lorex
Lorex engages in the design, development, sales, and distribution of video surveillance security solutions to customers in North America and the UK. The company operates through six business segments: surveillance, instruments, original equipment manufacturer (OEM) and emerging markets, maritime, security, and detection.
Key products: Video baby monitor, Infant monitor, iPhone monitor, and Wi-Fi monitor.
Motorola
Motorola designs, manufactures, and markets communication infrastructure, devices, system software, and application. It also offers device and asset management and network management services to a range of industries. The company generates its revenue through its products and services segments.
Key products: MBP421 Video Baby Monitor, MBP41 Remote Wireless Video Baby Monitor, MBP421 Video Baby Monitor with color LCD, MBP28 Digital Video Baby Monitor, MBP36S Remote Wireless Video Baby Monitor, MBP25-2 Digital Video Baby Monitor with two cameras, MBP43-2 Wireless Video Baby Monitor, MBP11 Digital Audio Baby Monitor, MBP11 Digital Audio Baby Monitor, and MBP8 Digital Audio Baby Monitor.
Samsung Electronics
Samsung Electronics manufactures and sells consumer electronics, communication, home appliances, and semiconductor products. The company generates its revenue through two key business segments – consumer electronics and others.
Key products: SimpleVIEW Baby Monitoring System, BrilliantVIEW Baby Monitoring System, SafeVIEW Baby Monitoring System, and BabyVIEW Baby Monitoring System.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Baby Monitors Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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