Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Baby Monitor Market. The study is titled as “Baby Monitor Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Baby Monitor Market.
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With increasing focus on child care and baby safety coupled with an increase in working population across the globe, child and baby monitoring has become a topic of prime importance. With this several players have been involved in developing advanced baby care accessories and products with a view to extend their capabilities in child care. Baby monitors, a crucial development, assists parents to monitor movements of their child closely, and these products are to gain significant importance in the years to follow.
According to Fact.MR, the global market for baby monitors is expected to witness high demand in the coming years. The global baby monitors market, as foreseen by Fact.MR, is expected to grow at a volume CAGR of 7.8% during the period of forecast, 2017-2026. The sale of baby monitors is estimated to touch a valuation of around US$ 1200 Mn by the end of the year of assessment (2026). This growth can be attributed to increasing awareness regarding baby safety, increased per capita expenditure on baby care accessories owing to growing GDP per capita across regions and developments in baby monitoring devices.
Online Retailing to Support the Growth of Baby Monitor Market
E-commerce has supported various industries by playing a significant role in pushing the sales of several products across regions. Users, with ease and convenience can purchase a product or device from home, and also avail numerous offers that come along with the product. Bay monitors, being no exception, are being purchased on a large scale via online retailing. With increasing adherence to online retailing, the sale of baby monitors is expected to increase in the coming years. According to this research report, the sale of baby monitors through online retailing is projected to expand at a stellar rate in during the forecast period owing to a large customer base opting for online retailing options for purchasing baby care accessories such as baby monitors.
Premiumisation via Innovations and Developments in Features
Technological innovations has taken baby care products as a whole to a whole new level. Baby monitoring has gained high steam with introduction of novel products, for instance smart baby monitor with wall mount camera that provides sleep track, two way audio, temperature monitoring, real time notifications and humidity monitoring. These smart baby monitors allow remote monitoring as well as noise detection. With introduction of wireless technology, it has become convenient for parents to keep close watch, with the main advantage of this technology being mobility. Such developments are expected to trigger sales of baby monitors in the years to follow, thus aiding the growth of the global baby monitor market.
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In addition, with emergence of Internet of Things (IoT), connected monitoring has become possible. Baby monitors with integrated solutions such as interactive monitoring are compatible with laptops, tablets and smartphones. Applications that run on these devices directly connect the users to the monitoring system. With this, the user can keep a check on room temperature, sound, movements as well as can carry out two way communication. In addition, with Wi-Fi connectivity, baby monitors can provide entire view of the baby at any point in time. Such innovative advances have triggered the use of baby monitors across regions in the globe.
Moreover, online retailing has played a major role in the distribution of baby monitors. Online retailing has enhanced the visibility these products that has made them accessible across geographies. E-retailing has witnessed faster adoption owing to its cost effective and time saving benefits, and this trend is expected to spur the sale of baby monitors in the coming future.
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