WILMINGTON, DE / ACCESSWIRE / August 12, 2022 / Transparency Market Research Inc. - The value of the global baby monitors market stood at more than US$ 1 Bn in 2020. The market is likely to develop at a CAGR of 4.4% during the forecast period, from 2021 to 2031. The global baby monitor market size is anticipated to cross valuation of US$ 1.7 Bn by 2031. The global market for baby monitors is being driven by the rising awareness regarding the security and safety of newborns in developing nations. In order to meet the growing demand from customers throughout the world, market players are working to provide cutting-edge baby monitor products.
Additionally, small and medium-sized businesses that make products are establishing themselves in the global market by producing effective, secure, and dependable baby monitors. Growing consumer product awareness, growing disposable income, and quickly developing offline and online distribution channels are expected to propel the global baby monitors market. The global market, however, is being restrained by hacking, signal interference, concerns with smartphone connectivity, and limited technical reliability. However, smart baby monitor market is expected to observe steady growth due to the benefits of smartphone connectivity.
Request Sample Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5156
Key Findings of Market Report
The global market for baby monitors is primarily driven by the growing working populace. The need for baby monitors has grown as nuclear homes have multiplied throughout the world. The demand for newborn day care facilities is quite high due to the increase in the number of working individuals all over the world. The growing demand for baby monitors can be attributed to this aspect.
Consumers' increasing discretionary income is a major driving force behind growth of the global baby monitors market. Baby monitor market analysis highlight that parents in the developing nations are prepared to shell out more for high-quality baby monitors. The global baby monitors market is expected to expand at a faster rate due to the increasing need for effective and affordable devices.
In order to boost their income, companies in the global baby monitors market are concentrating on creating technologically advanced products. In the baby monitors business, innovation is crucial in achieving success. Innovative as well as upgraded items are more than likely to be purchased by consumers, which is expected to augur well for the advanced baby monitor market. The growth of the global market is being fueled by technological developments in such products. It is anticipated that during the following years, this would further raise demand for baby monitors.
Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=5156
Global Baby Monitors Market: Growth Drivers
The market participants for baby monitors are expected to observe value-grab opportunities company-owned websites, e-commerce websites, and number of physical distribution channels all continue to grow.
North America is anticipated to account for a considerable baby monitor market share during the forecast period. Significant presence of technologically advanced advanced infrastructure and cutting-edge baby monitor devices is expected to drive the regional market. The expansion of the market is also being aided by the rising number of nuclear family homes in the region.
Global Baby Monitors Market: Key Players
Some of the key market players are
Dorel Industries, Inc.
Samsung Electronics Co. Ltd
VTech Holdings Ltd.
Koninklijke Philips N. V.
Summer Infant Inc.
LOREX Technology Inc.
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=5156
Global Baby Monitors Market: Segmentation
Baby Movement Monitors
Wired Baby Monitors
Wireless Baby Monitors
Up to 249 ft
250 to 499 ft
500 to 749 ft
750 to 999 ft
1,000 to 1,499 ft
Above 1,499 ft
Low (Below US$ 50)
Medium (US$ 50-200)
High (Above US$ 200)
Smart Crib Market - The global smart crib market is expected to reach US$ 545.4 Mn by the end of 2031, grow at a CAGR of 6.4% from 2022 to 2031
Baby Care Products Market - The global baby care products market is expected to surpass the value of US$ 163.4 Bn by the end of 2031, expand at a CAGR of 6.2% from 2021 to 2031
Baby Skincare Market - The global baby skincare market is expected to exceed the value of US$ 20.3 Bn by the end of 2031, expand at a CAGR of 5.3% from 2021 to 2031
Baby Diaper Market - The global baby diaper market is projected to reach value of US$ 84.1 Bn by 2027, at an average annual growth rate of 6.4% during the forecast period
Disposable and Sustainable Baby Diaper Market - The global disposable and sustainable baby diaper market is expected to exceed the valuation of US$ 53.43 Bn by 2031, expanding at a CAGR of 5.1% during the forecast period
Skin Care Products Market - The global skin care products market is expected to reach the value of US$ 269.2 Bn by the end of 2031, expand at a CAGR of 5.6% from 2021 to 2031
Baby and Toddler Feeding Products & Accessories Market - The baby and toddler feeding products & accessories market is expected to cross the valuation of US$ 1.6 Bn by 2031
Organic Personal Care Market - The global organic personal care products market to expand at a CAGR of 9.2 percent during the assessment period of 2019-2027
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market intelligence company provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: USA - Canada Toll Free: 866-552-3453
SOURCE: Transparency Market Research
View source version on accesswire.com: