Global Smart Connected Baby Monitors Market Overview:
Baby monitor is type of system that assist parents to remotely track the movements and other activities of the baby. A basic audio monitor consists of a transmitter & microphone, which enables a two-way communication between the parent and the baby. Baby video monitor is an advanced version of audio baby monitor, which allows parents to see & monitor baby’s movements. Additionally, baby monitors with movement trackers and preinstalled lullabies, are also available in the market, to cater to the varying needs of the parents. The smart baby monitors available in the market has Wi-Fi connectivity and cameras that provide the view of the baby during the day and at night and this systems are easily accessible with the help of mobile phone and tablets. The temperature in the room may change from time to time and this change in temperature can also be traced by smart connected baby monitors. Some of the key players profiled in the study are Samsung Electronics Co. Ltd. (South Korean), Dorel Industries Inc. (Canada), Angelcare Monitors Inc. (Canada), LOREX Technology Inc. (Canada), VTech Holdings Ltd. (Hong Kong), ShenZhen Foscam Intelligent Technology Co., Ltd (China), Summer Infant Inc. (United States), Koninklijke Philips N.V (Netherlands), Nest Lab. Inc. (United States) and Withings Inc. (United States).
On the basis of geography, the market of Smart Connected Baby Monitors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Increasing demand due to safety concerns related to child
- Increment in count of working parents
- Growth in online retailing for such products
- Technological advancement in baby monitoring devices
- Inclination towards sedentary and modern lifestyle, limits birth rate
- Unawareness in some regions
- Growing adoption of nuclear family concept
- Improvement in standard of living due to high disposable income
- Decreasing birth rate due to government regulation
- Consciousness to be completely dependent on such devices
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product.
Target Audience:System manufacturer, Sub-component manufacturer, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations
Major Objectives Focused through this Study To define, describe, and forecast the Global Smart Connected Baby Monitors market on the basis of product [Audio smart connected baby monitors and Video smart connected baby monitors] , application [Home, Hospital and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Smart Connected Baby Monitors market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Smart Connected Baby Monitors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are The First Years, Inc. (United States), Snuza International (South Africa), MonDevices (United States) and MOTOROLA HOME (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Smart Connected Baby Monitors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.