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Classified in: Science and technology
Subject: MRR

Baby Monitors Market Size to Grow by USD 226.59 million | Rising Demand from Developing Countries to Drive the Market Growth | Technavio


NEW YORK, May 27, 2022 /PRNewswire/ -- The baby monitors market will be driven by factors such as the rising demand from developing countries. In APAC and MEA, baby monitors are considered non-essential products. However, with the rising internet penetration, the demand for baby monitors is increasing in these countries. This has led to a major change in customer purchasing behavior. Countries such as China, India, and Thailand have a high potential for baby care products such as baby monitors owing to their huge population, growing awareness, increasing number of working parents, and improving education level.

The baby monitors market size is expected to grow by USD 226.59 mn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 2.23% during the forecast period. 

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Baby Monitors Market 2021-2025: Scope

The baby monitors market report covers the following areas:

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Baby Monitors Market 2021-2025: Market Challenge

The availability of alternative products and services such as security cameras is challenging the baby monitors market growth. These products are expensive and their use is limited to monitoring infants and babies. Hence, some consumers prefer buying CCTV camera setups that can monitor the interiors and exteriors of residential establishments. Though the overall setup of CCTV cameras is expensive, they offer a high return on investment (ROI) with a long lifespan. Parents can also appoint caretakers for their children. To overcome these challenges, vendors need to invest more in promotions to spread awareness of the benefits of installing baby monitors over other alternative products and services.

Baby Monitors Market 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Angelcare Monitor Inc., Arlo Technologies Inc., Dorel Industries Inc., Foscam Inc., Hisense International Co. Ltd., iBaby Labs Inc., iBabyGuard International Pte Ltd., Jablotron Alarms AS, Koninklijke Philips NV, and Lenovo Group Ltd. are among some of the major market participants.

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Baby Monitors Market 2021-2025: Segmentation

Baby Monitors Market 2021-2025: Key Highlights

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Baby Monitors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.23%

Market growth 2021-2025

USD 226.59 million

Market structure

Fragmented

YoY growth (%)

1.81

Regional analysis

North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 36%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Angelcare Monitor Inc., Arlo Technologies Inc., Dorel Industries Inc., Foscam Inc., Hisense International Co. Ltd. , iBaby Labs Inc., iBabyGuard International Pte Ltd., Jablotron Alarms AS, Koninklijke Philips NV, and Lenovo Group Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by Distribution channel

7 Customer landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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