Baby Monitors Market Size, Share, Growth, Trends and Forecast Baby Monitors Market - Global Industry Analysis, S

Baby Monitors Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 – 2024
Global Baby Monitors Market: Overview
To stay on top of the game, savvy manufacturers in the global market for baby monitors are expending
a lot of energy on research and development to come up with more sophisticated products. This is
further intensifying competition in the market. A report by Transparency Market Research finds the
global market for baby monitors to be a consolidated one. As per the report the top five companies
held about 60% share in the market in 2015. Among the top five, Motorola Solutions, Inc. beat others
with a maximum market share of 19.8% in the same year. The report predicts the global market for
baby monitors to attain a value of US$1,291.8 mn by 2024 from US$876.8 mn in 2015 by rising at a
modest CAGR of 4.4%.
Among the baby monitors available in the market, the wireless ones hold a sway over the market by
far surpassing the market share of the wired ones.
This 156 page report gives readers a comprehensive overview of the Baby Monitors market Browse
through 41 data tables and 39 figures to unlock the hidden opportunities in this market.
http://www.transparencymarketresearch.com/baby-monitors-market.html
Global Baby Monitors Market: Drivers and Restraints
At the forefront of driving growth in the global market for baby monitors is the rising trend of both sets
of parents working. This has led to the proliferation of day care centers that take care of infants in the
absence of parents. This, in turn, has provided a major fillip to the sales of baby monitors which day
care centers bank on to look after toddlers and infants more effectively. Proliferation of ecommerce
platforms along with the availability of a wide array of products has also boosted the market
significantly. Increasing knowledge of sudden infant death syndrome (SIDS) is another factor helping
sales.
Falling birth rates and concerns about safety and security of baby monitors which can be hacked, on
the contrary, is countering the growth in the market.
The various types of baby monitors available in the market are pan and tilt baby monitors, audio baby
monitors, and fixed video baby monitor. Of them, the fixed baby monitors contributed to about 45% of
the overall revenue in 2015. Going forward too, the segment is predicted to hold on to its leading
position on account of the superior features of fixed video baby monitors, including temperature
sensing, the possibility of real-time sound and video transmission, talk-back, and heart rate monitoring.