Global Baby Monitors Market Set to Grow Rapidly, Expects Beige Market Intelligence in New Report Available at MarketPublishers.com28 Apr 2017 • by Natalie Aster
LONDON – The global market for baby monitors is set to showcase significant (two-digit) growth over the period 2016-2022. In fact, the marketplace is expected to grow at a CAGR being over 12%.
There are many factors that ignite growth of the world’s marketplace. A rise occurring in the per capita income space is one of the principal reasons for growth.
The increasing demand from developing markets, growing visibility of such products online, and enhanced marketing are some of other vital driving forces.
In the meantime, the demand for baby monitors is forecast to grow at a CAGR of approximately 10% in the coming years (in terms of unit shipment).
The audio only segment dominated the global space as of 2016 (in terms of unit shipment), with its share estimated to be above 45%. The audio and video segment is the number two in the world’s list. It was the largest revenue contributor in the same year.
The introduction of technology-empowered products, the higher adoption of smart homes, and the rising interest in movement-detection monitors are some of the most recent trends in the global marketplace.
Region-wise, Europe formed the largest player as of 2016. North America was the second largest player in the same year. Flir Lorex, Samsung, Summer Infant, and Mattel are amongst major vendors globally.
New research report “Global Baby Monitors Market” developed by Beige Market Intelligence offers an insightful analysis of the global baby monitors market. The study starts with an all-round overview of the market landscape.
It delves deep into the most recent trends in the global marketplace. The report canvasses driving forces and factors that restrain the growth. The research study contains a value chain analysis and estimates sizing of the worldwide marketplace.
It covers regional markets’ performance and concentrates on the vendor landscape. Detailed profiles of 20 major vendors are available in the research report, too. Future outlook is on hand in the study.
More new reports by our partner can be found at its page.