Baby Monitors Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

 

the global advanced baby monitor market size and it is poised to grow by USD 191.36 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• Based on segmentation by product, which is the leading segment in the market?
  The under the mattress segment is the leading product in the advanced baby monitor market.
• What are the major trends in the market?
  The growing prominence of product bundling strategy is a key trend in the market.
• At what rate is the market projected to grow?
  The market is expected to grow at a CAGR of almost 6% during the forecast period.
• Who are the top players in the market?
  Angelcare Monitor Inc., Hisense Ltd., iBabyGuard International Pte Ltd., JABLOTRON Group AS, Mayborn Group Ltd., MonDevices Inc., Owlet Baby Care, Respisense, Safetosleep, and Snuza International Pty Ltd. are some of the major market participants.
• What are the key market drivers and challenges?
  The innovation in technology, product design and feature is one of the key factors driving the market. However, the lack of awareness and high price of advanced baby monitors might hamper the market growth.
• How big is the Europe market?
  Europe will contribute 38% of the market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Angelcare Monitor Inc., Hisense Ltd., iBabyGuard International Pte Ltd., JABLOTRON Group AS, Mayborn Group Ltd., MonDevices Inc., Owlet Baby Care, Respisense, Safetosleep, and Snuza International Pty Ltd. are some of the major market participants. The innovation in technology, product design and features will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Advanced Baby Monitor Market 2020-2024: Segmentation

Advanced Baby Monitor Market is segmented as below:

• Product
• Under The Mattress
• Diaper Attachment
• Smart Wearable
• Other Formats
• Geography
• Europe
• North America
• APAC
• South America
• MEA
• Distribution channel
• Offline
• Online

Advanced Baby Monitor Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The advanced baby monitor market report covers the following areas:

• Advanced Baby Monitor Market Size
• Advanced Baby Monitor Market Trends
• Advanced Baby Monitor Market Industry Analysis

This study identifies the growing prominence of product bundling strategy as one of the prime reasons driving the Advanced Baby Monitor Market growth during the next few years.