Baby Monitor Market: Current Analysis and Forecast (2021-2027)
発行: UnivDatos Market Insights Pvt Ltd
ページ情報: 英文 173 Pages
A baby monitor, also known as a baby alarm, is a radio system used to remotely listen to sounds made by an infant. An audio monitor consists of a transmitter unit, equipped with a microphone, placed near to the child. One of the primary uses of baby monitors is to allow attendants to hear when an infant wakes, while out of immediate hearing distance of the infant.
As per the world bank data, the number of birth per year is rising. In 2015, the global number of birth was 140.14 million. Till 2002, the number registered a slight decline and market 139.98 million births. Moreover, it is expected that in 2040, the number of birth would be 140.52 millions. The rising number of births across the globe is leading to the growing demand of the baby monitors and would contribute to the growth of the market in the forth coming period as well.
Rising parents concern for their child's/ infant's health is a key factor, demanding for the baby monitor. As per the United Nations, the infant mortality rate of the world in 2019 was 28.2 (The infant mortality rate is the number of deaths of infants under one year old per 1,000 live births). Moreover, the projected estimate for 2020 was 30.8 according to the CIA World Factbook. The rate of infant mortality is highest in Africa. In 2019, the central African republic registered infant mortality rate at 81. Also, Nigeria, Somalia and Congo also registered mortality rate of 74, 74,66 respectively. Sudden infant death syndrome is one of the major cause responsible for infant mortality. As per CDC, About 3,400 babies in the United States die of SIDS each year. These deaths occur among infants less than 1 year old and have no immediately obvious cause.
Based on Applications, the market is fragmented into Audio and Video. The video monitor segment grabbed the major market share and contributed around 86.5% In 2020. Moreover, the market would reach to USD 1746 Mn by 2027 growing with a CAGR of 6.5% during 2021-2017 owing to the launch of AI enabled video monitors across regions.
Based on the connectivity, the market is fragmented into Wired and Wireless. The Wireless segment of Global Baby monitors dominated the market with around 62.4% market share. The segment generated the revenue of USD 817.9 Mn in 2020 and is expected to grow at a CAGR of 6.3% during the forthcoming years. The demand of wireless baby monitors is rousting owing to the benefits such as Wi-Fi monitors are not limited with signal range, can connect to multiple cameras at the same time etc
The baby monitors are being sold through various medium as per availability. Based on the distribution channel, the market is fragmented in Retail stores, Supermarket/ Hypermarket, E-commerce and Specialty Stores. The Retail store segment grabbed the major market share and dominated the market. The segment generated the revenue of worth USD 484.6 million in 2020 and is expected to reach to USD 681.2 million by 2027. However, the E-commerce segment is expected to witness an exhibit growth during the forecast period
For a better understanding of the market adoption of the Baby Monitor market, the market is analyzed based on its worldwide presence in the countries such as North America (United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom and -Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America constitutes a major market for the Baby Monitor industry and generated revenue of USD 476.9 Million in 2020 owing to the rising parent's concern about the sudden infants' death across countries. Also, presence of well-established players in the region and the rising seed funding for startups is adding pace to the growth of the market in the region
Some of the major players operating in the market Samsung Electronics, Dorel Industries Inc., Summer Infant Inc., Koninklijke Philips N.V., Lenovo Group Limited (Motorola), VTech Communications, Inc., Arlo Technologies Inc., Panasonic Corp, Sony Corporation and Snuza International Hyundai. Several M&A's along with partnerships have been undertaken by these players to develop In-Cabin Sensing Systems.
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPs UNDER BABY MONITOR INDUSTRY
6 COVID-19 IMPACT
7 GLOBAL BABY MONITOR MARKET REVENUE
8 MARKET INSIGHTS BY PRODUCT TYPE
9 MARKET INSIGHTS BY CONNECTIVITY
10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
11 MARKET INSIGHTS BY REGION
12 BABY MONITOR MARKET DYNAMICS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 BABY MONITOR MARKET OPPORTUNITIES
17 BABY MONITOR MARKET TRENDS & INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED