World Baby Monitor Market Opportunities and Forecasts 2020 – Market is Expected to grow at a CAGR of 8.5% by 2020 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “World
Baby Monitor Market – Opportunities and Forecasts 2014 – 2020”

report to their offering.

The global baby monitor market is expected to grow at a CAGR of 8.5%
during forecast period of 2015-2020

In 2014, the North America accounted for the largest share of about
62.3%, owing to higher per-capita spending on baby care products and
prevalence of nuclear family culture. However, emerging countries in
Asia such as China and India, would witness increasing demand for baby
monitors during the forecast period, owing to increasing awareness, the
rising number of employed parents and growing disposable income.

Among the two types, Video baby monitors accounted for a larger share of
about 86.4% of the overall market in 2014 and is expected to maintain
this trend throughout the forecast period, owing to increasing demand
for high-end baby monitoring devices with smart monitoring features.
This segment is anticipated to witness faster growth in the developed
economies, and would account for 88.7% of the overall market by 2020.

Basis the mode of connection, the market has been segregated into
wireless baby monitors & wired baby monitors. The segment of wireless
baby monitors is expected to account for 94.8% of the overall market
revenue by 2020, as these monitors offer greater portability and ease of
connectivity, compared to the wired baby monitors. Moreover, the demand
for wired baby monitors would gradually decrease in future, as these are
perceived to be unsecure for babies due to the sensor cord attached to
them.

The prominent companies profiled in this report include Samsung
Electronics Co. Ltd., Dorel Industries, Inc., Angelcare Monitors, Inc.,
LOREX Technology, Inc., VTech Holdings Ltd., ShenZhen Foscam Intelligent
Technology Co. Ltd., Summer Infant, Inc., Koninklijke Philips N.V., Nest
Labs, Inc., and Withings, Inc. Presently, the baby monitor market is
majorly driven by growth strategies such as product launch and
acquisition. Lorex Technology, Inc., Summer Infant Inc., Nest Labs,
Inc., and VTech Holdings Ltd. have launched smart baby monitors in
recent past to increase their customer base and expand their market
penetration.

KEY FINDINGS OF THE STUDY

– In 2014, North America was the highest revenue-generating market,
owing to higher adoption of niche baby care products

– Western Europe has emerged to be the second largest market with
Germany and U.K. accounting for the prominent share of the overall
market by value

– Video monitors have emerged to be the prominent segment due to
increasing demand for high-end baby monitoring devices with smart
monitoring features

– The Asia-Pacific region would witness the fastest growth during
2015-2020, owing to the increasing adoption of high-end baby monitors in
developing economies such as China and India

For more information visit http://www.researchandmarkets.com/research/6m8sr7/world_baby

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