Latest Research Report to uncover key Factors of Baby Monitoring Devices Market

Posted by Sakshi Mishra on January 6th, 2020

The global baby monitoring market is witnessing growth, which is attributable to numerous factors. Some of these are rising living standards, especially in the developing economies, owing to tremendous economic growth experienced in this region. This increase in disposable incomes, coupled with rapid westernization is leading to a rise in demand for baby monitoring devices. Besides, as population across the world rises and nuclear-family becomes the norm, the growth will only be fuelled further.

Therefore, it should come as no surprise that the market for global baby monitoring devices market is expected to grow at a steady CAGR (Compound Annual Growth Rate), generating a significant worth of market opportunities over the forecast period of 2019-2027.

Global Baby Monitoring Devices Market: Notable Developments

The global baby monitoring market is on its way to charting significant growth. The market players are active and setting the tone for future growth. To explain how certain developments would pan out over the forecast period, a peek into few is provided below.

• Feb 2017: VTech Communications, Inc. launched two novel high-definition Wi-Fi baby monitors that feature motion alerts and live remote access through smartphone apps and tablets. It is a step ahead in modern parenting and would cater to a vast number of people
• Nov 2016:  Motorola announced launch of a smart nursery products that are both intelligent and interactive. Besides, they have alert sensor, humidifier and dream machine. Compatible with iOS and Android for modern day baby monitoring, these demonstrate the seriousness of players to keep products innovative to keep hold of market share

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The global baby monitoring devices market is fragmented and key players in the landscape include Samsung Electronics Co. Ltd., Dorel Industries Inc., Koninklijke Philips, Motorola, Lorex Technology Inc., Angelcare Monitors Inc., Sony Corporation, Windeln De Ag, Summer infant inc. and Hisense Ltd. To keep an edge over others, players often enter in strategic partnerships and collaborations.