According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Baby Monitoring Devices Market (Product Type: Video Monitor, Audio Monitor, and Others; Connectivity: Wired and Wireless; End User: Individual and Commercial; Distribution Channel: Online [Company Owned Website and E- Commerce Website] and Offline [Hypermarkets & Supermarkets, Specialty Stores, and Brand Stores]) – Global Industry Dynamics, Trends, and Forecast, 2020–2027, the global Baby Monitoring Devices Market is expected to reach US$ 2,146.9 Mn by 2027 and expand at a CAGR of 6.5 % from 2020 to 2027.
Baby Monitoring Devices Market includes major Keyplayers Summer Infant Inc., Koninklijke Philips N.V, Dorel Industries Inc., Snuza International, Angelcare Monitors Inc., Hisense, Motorola Solutions, Inc., iBaby Labs, Inc., Lorex Technology Inc. and VTech Holdings Limited. And More
Click here to Access Sample Report: https://www.industryprobe.com/report-desc-overview.php?id=MjIw&name=Baby-Monitoring-Devices-Market
As per the report, the global wireless baby monitoring devices was valued at US$ 1,068.1 Mn in 2018 and is expected to expand at a CAGR of 6.6 % from 2019 to 2027. Adoption of wireless technology-enabled solutions (products) has increased rapidly in the recent past, owing to their convenience, especially in terms of portability. Wireless technologies, such as Bluetooth and Wi-Fi, are now being used in audio and video transmission between devices. Penetration of smart devices, such as smartphones, tablets, laptops, streaming media players, and various other devices, is one of the primary factors fueling the demand and adoption of wireless baby monitoring devices
The report anticipates that the rise in demand for baby monitoring devices in developing countries, such as China, India, Brazil, South Africa, Thailand, etc., offer lucrative opportunities for market players, owing to increase in the number of women workforce, large population, rise in disposable income of individuals, and improved level of education. Moreover, changes in one-child policy in China would also drive the Baby Monitoring Devices Market. Security concerns over information leakage through baby monitoring devices is expected to hamper the market during the forecast period. In addition, high cost of baby monitoring devices is projected to affect the growth of the Baby Monitoring Devices Market during the forecast period.
In terms of connectivity, the wireless segment is anticipated to lead the global Baby Monitoring Devices Market. There is increase in popularity and usage of smart baby monitors with sensors and cameras. Some of the cameras work even in the dark. These cameras come with a night vision feature where infrared rays are passed in front of the monitor. This helps parents or caretakers to see the baby even in the dark. This factor is estimated to increase the demand for wireless baby monitoring devices during the forecast period.
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