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The global Baby Monitor Market Size is expected to attain a market size of $1.5 billion by 2022, growing at a CAGR of 6.8% during the forecast period.
Baby Monitor, also called as baby alarm, is a kind of remote that tracks and monitors baby?s movement. Baby monitors help parents to watch over their baby as well as caretakers, so that they can be assured about their baby?s safety. The product simply operates with a small radio transmitter that could be placed near the nursery or to the baby. Some monitors may give with video surveillance and some could be operated with receivers transmitters. Every product comes with the different ranges of operational range. Baby monitors have witness the prominent growth in the recent years due to its advanced features. Introduction of baby monitors with advanced featuring like powerful cameras, high quality lens, adjustable vari-focal, room temperature sensor, motion sensor, and others have increased its adoption among the population.
Market manufactures have launched various products with innovative features. Recently, RayBaby has launched its new product that could sense baby breathing. According to the product specification, the device could detect baby?s chest movements down to 0.5 millimetres; also it determines sleeping infant or baby?s respiratory rate with more than 98% of accuracy. There has been a significant growth in the demand of baby monitors market due to various reasons such as increasing trend for nuclear families and increase in the volume of online retailing. Additionally, growing number of working parents and increase in disposable income of the consumers have also driven the growth of baby monitor market. However, the factors that could restrain the growth of baby monitor market are declining birth rate and safety concern for baby. The Baby Monitor Market has been segmented on the Type, Mode of Connection, and Region.
Based on Type, the market is segmented into Audio and Video Monitors. Based on Mode of Connection, the monitors come in wired and wireless technology. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa (LAMEA). Technological advancements and change in living standard of population in United States has contributed to the growing demand of baby monitors in United States. Additionally, online sales of products are also increasing rapidly in United States. Asia-Pacific is also contributing in the growth of baby monitor market with the emerging countries like India and China driven by the increasing population and increase in the number of working women.
The key players operating in baby monitor market are Dorel Industries Inc., Angelcare Monitors Inc., Summer Infant, Inc., Samsung Electronics, Google Inc., Koninklijke Philips N.V, Nokia Corporation, and FLIR Systems.
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