Baby Video Monitor Market – Your Ultimate Aim For Your Children Safety
New York City, NY: Sept 05, 2019 – Published via (Wired Release) – Baby monitors are offering a modern update with video monitoring. Baby video monitors include audio and video capabilities, having a built-in speaker and microphone to enable two-way audio to see and speak to the baby. Most baby video monitors include digital zoom, night vision, as well as storage for photos and video.
The first five-year cumulative revenue (2019–2023) is projected to be more than US$ 3.5 Bn, which is expected to increase relatively over the latter part of the five-year forecast period. The global baby video monitor market is estimated to value at over US$ 0.6 Bn in 2019 and is expected to register a CAGR of 8.9%.
Global Baby Video Monitor Market: Market Dynamics
Major factor expected to drive growth of the global baby video monitor market is rising number of working parents and increasing child kidnapping crimes across the globe. In addition, rising awareness among parents regarding child’s safety and security coupled with high spending power among are other factors expected to propel growth of the global market. Rapid advent of new features and technological advancement in baby monitors such as Wi-Fi, high-quality display, night vision, screenshots, and multiple users is another factor that supports market growth.
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However, easy availability of alternate local product of baby video monitor at a cheaper price is a major factor that could affect growth of the global market. In addition, rising concerns and risk about wireless baby monitor hacking is another factor that could hamper the market growth.
Increasing adoption of baby video monitors with visual noise indicator and split screen is a key trend observed in the market and is expected to boost growth of the global market. Moreover, increasing demand for new and advanced product launches and enhancement of sensor-based baby monitor are some of the factors expected to create revenue growth opportunities for prominent players operating in the market.
Global Baby Video Monitor Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global baby video monitor market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global baby video monitor market is expected to register a CAGR of 8.9% during the forecast period.
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Global Baby Video Monitor Market: Segmental Snapshot
The market report has been segmented on the basis of type, and region. The type segment includes wireless and wired. The region includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Type: The wireless baby video monitor type segment is expected to register major CAGR of over 8.5% in the global market during the forecast period.
By Region: The market in North America is expected to capture highest revenue share and register the CAGR of over 8.3% in the global baby video monitor market over the forecast period.
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Global Baby Video Monitor Market: Competitive Analysis
The research report on the global baby video monitor market includes profiles of some of the major companies such as Panasonic, Motorola Solutions, Inc., Arlo Technologies, Koninklijke Philips N.V., Samsung Electronics Co., Ltd., Vtech Holdings Limited, Nest Labs, Inc., Cocoon Cam, Nanit, Miku Inc., Summer Infant, Inc., Infant Optics, Owlet Baby Care Inc., iBaby Labs, Inc., Hisense Group Co., Ltd., Dorel Industries Inc., and Lollipop (Masterwork Aoitek Tech Corp. Ltd.)
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