08-Jun-2021 | Zion Market Research
Some of the key players operating in the video analytics are Samsung Electronics, LOREX Technology Inc., VTech Communications, Summer Infant Inc., Philips, Dorel Industries Inc., Sony Corporation, Motorola, iBaby Labs and Angelcare Monitors amongst others. These players are set to bolster the development of global baby monitor market.
According to analysts at Zion Market Research, the global baby monitor market accounted for USD 1.01 Billion in 2020 and is expected to reach USD 2.08 Billion by 2028, growing at a CAGR of 8.3% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Baby Monitor Market by Type (Audio and Video), by Connectivity (Wireless, Wired) by Distribution Channel (Online, Offline): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Rapid Technological Advancements to Spur Growth
“Rising concerns associated with child safety are also encouraging consumers to purchase baby monitors. Moreover, features such as ease of installation, portability and WLAN connection can also be expected to propel this market” says the author of this study. Apart from this, integration of baby monitor technology with smartphones and AI can also boost baby monitor market trends in the future.
With the presence of a large pool of participants, the global baby monitor market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Samsung Electronics, LOREX Technology Inc., VTech Communications, Philips, Sony Corporation, Motorola, iBaby Labs and Angelcare Monitors are some of the key vendors of baby monitors across the world. These players across baby monitor market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.
Large Number of Working Consumers In The Region Support North American Dominance
Regionally, North America has been leading the worldwide baby monitor market and is anticipated to continue on the dominant position in the years to come, states the baby monitor market study. The presence of a large number of nuclear families, single parents and dual income households in countries such as the US are one of the key factors behind the dominance of the North America baby monitor market.
Browse the full “Baby Monitor Market by Type (Audio and Video), by Connectivity (Wireless, Wired) by Distribution Channel (Online, Offline): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/baby-monitors-market
The global baby monitor market is segmented as follows:
By Distribution Channel
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