The Global Smart Baby Monitor Market was valued at USD 1.1 billion in 2018, which is expected to reach USD 1.8 billion by 2030 at a CAGR 5.3%.
Smart Baby monitors are utilized to keep watch on baby, and connect directly with child via video whenever possible. Smart baby monitors provide information to parent, and keep update of baby’s movements in their absence. Also, baby monitor is able to transfer sound from baby’s room to their parents. Baby monitor includes audio and video managers to keep watch on kids and babies. Growing penetration of smartphones will support the global smart baby monitor market growth, over the forecast period.
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Top Key Players:
· Motorola, Inc, Dorel Industries Inc, iBaby Labs, Inc., Summer Infant, Inc., VTech, Angelcare Monitor Inc., Safety 1st, and Samsung Electronics Co.
Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Global Smart Baby Monitor Market:
· Increase in dual working families and rise in number of working women are the key driving factor which are expected to boost the global smart baby monitor market growth. The global smart baby monitor is significantly growing due to development of the global electronic industry increase in digitalization. Furthermore, rise in disposable income and increase in demand for smart wireless baby monitors in the market will fuel the global smart baby monitor market growth. Also, rise in awareness regarding child safety is act as key driving factor for global baby monitor market growth. Also, increase in birth rate in several countries like U.K, Russia, and Spain is expected to grow the global smart baby market growth during this forecast period.
By Restraints, Smart Baby Monitor Market:
· However, high cost of cameras is the restraining factor which expected to hamper the global baby monitor market growth.
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By Product Types:
- Audio
- Video
Client Attention:
What is market research?
· Gathering, evaluating, and interpreting data on a market, a product or service that will be sold in that market, and the past, present, and potential clients for the product or service constitute the process of conducting market research.
What are the different types of market research?
· Primary research, secondary research, qualitative research, and quantitative research are some of the several kinds of market research.
What is secondary research?
· Secondary research involves gathering information from already published sources, such online databases, industry journals, and market reports.
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