Industry Background:
Baby monitor is type of system that assist parents to remotely track the movements and other activities of the baby. A basic audio monitor consists of a transmitter & microphone, which enables a two-way communication between the parent and the baby. Baby video monitor is an advanced version of audio baby monitor, which allows parents to see & monitor baby’s movements. Additionally, baby monitors with movement trackers and preinstalled lullabies, are also available in the market, to cater to the varying needs of the parents. The smart baby monitors available in the market has Wi-Fi connectivity and cameras that provide the view of the baby during the day and at night and this systems are easily accessible with the help of mobile phone and tablets. The temperature in the room may change from time to time and this change in temperature can also be traced by smart connected baby monitors.This growth is primarily driven by Increasing demand due to safety concerns related to child
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Samsung Electronics Co. Ltd. (South Korean), Dorel Industries Inc. (Canada), Angelcare Monitors Inc. (Canada), LOREX Technology Inc. (Canada), VTech Holdings Ltd. (Hong Kong), ShenZhen Foscam Intelligent Technology Co., Ltd (China), Summer Infant Inc. (United States), Koninklijke Philips N.V (Netherlands), Nest Lab. Inc. (United States) and Withings Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In September 2023, VTech launched smart nursery baby monitor with AI capabilities for enhanced baby safety and comfort. It is a crib mounted video baby monitor that provides full view of your baby with sleep analytics and real-time alerts to help deliver the best monitor on the market. The newly launched monitor comes with features such as AI camera and breathing sensor tag for face detection, breathing patterns, motion, and roll-over movements which helps to offer extra layer of protectionKey players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the product.
Influencing Trend:
Growth in online retailing for such products and Technological advancement in baby monitoring devices
Market Growth Drivers:
Increasing demand due to safety concerns related to child and Increment in count of working parents
Challenges:
Decreasing birth rate due to government regulation and Consciousness to be completely dependent on such devices
Restraints:
Inclination towards sedentary and modern lifestyle, limits birth rate and Unawareness in some regions
Opportunities:
Growing adoption of nuclear family concept and Improvement in standard of living due to high disposable income
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Smart Connected Baby Monitors Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Smart Connected Baby Monitors Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Smart Connected Baby Monitors players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Connected Baby Monitors Study Sheds Light on
The Smart Connected Baby Monitors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Connected Baby Monitors industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Connected Baby Monitors industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.