Global Baby Monitor Market size was valued at US$ 1.26 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 5.4% through 2021 to 2027, reaching nearly US$ 1.82 Bn.
Baby Monitor Market Scope:
The Baby Monitor Market research report outlines the sector's competitive landscape in order to assist the major market players in increasing their market shares and maintaining their competitiveness. The study outlines the competitive landscape for the industry using the PESTEL analysis and Porter's five forces model. The important investment options for the sector's players to profit are also included in the research report. These analytical structures are calculated based on their CAGR and relative market share. The study includes a list of the major market players, their financial standing, and their relative market shares across the globe. The study's company profiles also cover the strategic advancements achieved by the leading businesses in the industry on a global and regional level, including mergers and acquisitions, new covenants, partnerships, and product launches.
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COVID 19 Impact:
The pandemic outbreak had a significant global impact and slowed socioeconomic progress. As a result, the market analysis for Baby Monitor provides a micro- and macroeconomic evaluation of the sector throughout the epidemic. The study also breaks down the effect of Covid-19 on the market qualitatively. In addition, the study work supports the market size based on the pandemic's overall effects on the sector and sheds insight on the post-covid environment in the coming years. The report also focuses on the fundamental tactics used by the main parties throughout the global health crisis. In addition, it provides a clear framework for how the pandemic would affect sales, the supply chain, and other crucial parts of the market.
Report Insights:
This study examines the market's capacity, production, structure, sales (consumption), price, and gross margin. In order to compile current government rules, knowledge of the industry, and data, primary and secondary research with qualitative and quantitative components was conducted. The research document provides information on significant trends, regional dynamics, and market drivers.
Market Dynamics:
The market research study evaluates the market's demographics, development prospects, and suitability for the study period. This element aids in determining the market's size and lays the groundwork for the market's ability to sustain its present growth pattern over time. The market research also highlights the main industries' current and future investment opportunities. These minute details have been thoughtfully created to help the stakeholders completely comprehend the state of the market's potential opportunities.
Market Segmentation:
Based on the Product Type, the market is segmented into Audio Baby Monitor, Video Baby Monitor, and Pan& Tilt Baby Monitors. Video Baby Monitor segment is expected to hold the largest market shares of % by 2027. The growth of this segment on account of increasing of IoT (Internet of Things), with which parents are able to observe every movement of babies on their devices (smartphones, tablets or laptops). These are the key factor that drives the growth of this segment in the Global Baby Monitor market during the forecast period 2021-2027.
List of Key Players:
• Angelcare Monitors Inc.
• LOREX Technology Inc.
• VTech Holdings Ltd.
• ShenZhenFoscam Intelligent Technology Co., Ltd
• Summer Infant Inc.
• Koninklijke Philips N.V
• Nest Lab. Inc.
• Withings Inc.
• Lenovo Group Limited
• Platinum Angelcare
• Sony Corporation
• Owlet Baby Care
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Report Brief:
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Dec 06, 2022