Table of Contents 1.
Who are thekey manufacturersin Baby Monitor market space? Increase in availability of baby monitor through online retail stores is the primary driving growth for the market.
However, Asia-Pacific is subjected to witness the fastest growth in terms of baby monitoring market, having the highest CAGR of 9. Increasing demand for the baby monitors in the country like Japan, China, and India due to rising disposable income of population is another important factor propelling growth of this market in coming years.
Decline in Birth Rate to limits Baby Monitor Market Growth In contrast, increasing sedentary lifestyle, growing stress level among the population and falling rate of birth likely to limit growth of the global baby monitors market.
The decline in birth rate due to the sedentary lifestyle and baby health safety concerns associated with these products are amongst major challenges for the baby monitors players.
These new video monitors feature motion alerts and free live remote access via smartphone and tablet app.
Additionally, rising awareness regarding technologically advanced devices for greater parental ease as well as rising prevalence of savvy parent population is expected to serve as a key factor in the North American next generation baby monitors market during the forecast period.
Real-time communication between parents and baby is a crucial factor behind the high adoption of audio and video baby monitor. The maternal and infant care digital health solutions market is attracting visionary investors backed by the rising trend of integrating artificial intelligence AI into health IT and other connected health systems which in turn is driving the next generation baby monitors market during the forecast period.
Product launch and acquisition are the major strategies adopted by the key players of the industry.