Next Generation Baby Monitors Market Overview
Next generation baby monitors are referred to a wearable baby monitor devices. Next generation baby monitors are either installed in the baby clothing or attached with baby cloth. These baby monitors are connected with phone or tablets via wi-fi or bluetooth to give real time data about the baby breathing, sleep activity, body position, and even skin temperature. Next generation baby monitors sends an alert message whenever there’s a problem.
Market Size and Forecast
The global next generation baby monitors market is expected to grow at a robust growth over the forecast period i.e. 2017-2024. Further, next generation baby monitor market is riding on the back of numerous factors such as growing adoption of new technology for monitoring the baby and rising disposable income of the population.
In terms of regional platform, North America and Europe are the most prominent regional market for next generation baby monitors in 2016. North America is expected to dominate the overall market of next generation baby monitors by the end of 2024 aided by U.S. Further, rapid adoption of technological advance devices in this region is believed to fuel the growth of next generation baby monitors market. Moreover, presence of major key players of baby monitor devices is envisioned to foster the growth of next generation baby monitors market.
Europe region captured the second the largest market in next generation baby monitors market in terms of revenue in 2016. Additionally, rapid urbanization and growing concerns among the working parents for monitoring their baby are projected to boost the demand for next generation baby monitors. Likely, Western Europe countries such as Germany, U.K., France and others are the major contributor in the market of next generation baby monitors in Europe region.
Asia-Pacific region is projected to be the fastest growing next generation baby monitors market owing to swelled disposable income of the population. Additionally, this region is most lucrative market across the globe owing to emerging economies such as India and China.
Our in-depth analysis segmented the global next generation baby monitors market in the following segments:
By Distribution Channel
Global next generation baby monitors market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Rising concerns among the working parents for monitoring their baby activities and growing adoption of advanced technology by the consumers are envisioned to foster the growth of next generation baby monitors market across the globe. Moreover, spiked penetration of internet of things in consumer electronic devices and growing research and development activities by major key players of baby monitor are believed to be the dynamic factor behind the rapid growth of next generation baby monitors market by end of 2024.
Furthermore, rapid urbanization coupled with rising disposable income of the population and increasing per capita income spending on child care products across the globe are projected to flourish the growth of next generation baby monitors market. Likely, growing penetration of online retailers along with wide availability of baby monitors devices is anticipated to flourish the growth of next generation baby monitors market.
However, high cost of next generation baby monitors and lack of awareness related to next generation baby monitors are believed to dampen the growth of next generation baby monitors market over the forecast period.
The major key players for next generation baby monitors market are as follows
Scope and Context
Overview of the Parent Market
The global next generation baby monitors market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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