Fact.MR has analyzed the global market for baby monitors is expected to grow at a rate of 8.4% during the period of assessment, 2017-2026. By end of the year of assessment (2016), market valuation of baby monitors is anticipated to touch a significant estimation, owing to increasing demand for baby monitors from working parents as well as baby care centers. According to Fact.MR, the volume of baby monitors expected to be sold by 2026 end is around 11,900,000 units.
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The research report on global baby monitors market includes a separate section on competitive landscape that covers highlights regarding various key players and vendors operating in the market. Incisive highlights on product portfolio, strategies, product developments, product innovations, SWOT analysis, market shares and other key financials of players has been covered in this section. This section can support the reader in slating key strategies by making informed decisions on the next steps to gain competitive advantage in the years to follow.
With increasing preference for baby monitors, manufacturers such as Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Platinum Angelcare, Sony Corporation, and VTech have been striving to innovate their products to make them more connected and safe. For instance, Koninklijke Philips has introduced uGrow interactive application, the first medical application that syncs with Philips Avent smart ear thermometer and Philips Avent smart baby monitor via Bluetooth. In the coming year, this application will work with smart feeding kit that would monitor baby’s feeing schedule, including time, duration and volume.
Premiumisation via Innovations and Developments in Features
Technological innovations has taken baby care products as a whole to a whole new level. Baby monitoring has gained high steam with introduction of novel products, for instance smart baby monitor with wall mount camera that provides sleep track, two way audio, temperature monitoring, real time notifications and humidity monitoring. These smart baby monitors allow remote monitoring as well as noise detection. With introduction of wireless technology, it has become convenient for parents to keep close watch, with the main advantage of this technology being mobility. Such developments are expected to trigger sales of baby monitors in the years to follow, thus aiding the growth of the global baby monitor market.
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In addition, with emergence of Internet of Things (IoT), connected monitoring has become possible. Baby monitors with integrated solutions such as interactive monitoring are compatible with laptops, tablets and smartphones. Applications that run on these devices directly connect the users to the monitoring system. With this, the user can keep a check on room temperature, sound, movements as well as can carry out two way communication. In addition, with Wi-Fi connectivity, baby monitors can provide entire view of the baby at any point in time. Such innovative advances have triggered the use of baby monitors across regions in the globe.
Moreover, online retailing has played a major role in the distribution of baby monitors. Online retailing has enhanced the visibility these products that has made them accessible across geographies. E-retailing has witnessed faster adoption owing to its cost effective and time saving benefits, and this trend is expected to spur the sale of baby monitors in the coming future.
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Baby Monitor Market: Swelling Demand to Influence Revenue Share during 2017-2026
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