Global Next Generation Baby Monitors Market 2017-2025: Industry Size, Trends, Share, Demand & Growth Opportunities, Research Analysis, & Forecast

Global Next Generation Baby Monitors Market 

Market Overview                            

With the emergence of connected devices comes the concept of connected baby as parenting is not untouched by these tech innovations. There are about 3,500 sleep-related deaths among US babies each year due to placing the babies in wrong sleep positions and unsafe sleep practices. In order to monitor the safe sleep practices the federal government is promoting safe sleep recommendations from the American Academy of Pediatrics. To alleviate these concerns, connectivity appears to be driving the next parenting style, and brands have already introduced new and improved products to help calm parents. 83% of new moms in 2015 were Millennials and connectivity was their norm. Smart phones and the internet-of-things are now enabling parents to digitally tether to their children and baby gear, just as they have to their thermostats and garage doors. The global baby monitor market size accounted for USD 865 million in 2017 and is projected to grow on account of increasing purchase of infant products by the increasing number of working parents.

Goldstein Research analyst forecast the next generation baby monitors market size is set to register the CAGR of 4.0% over the forecast years. Rapid adoption of technological advance devices and growing concerns among the working parents for monitoring their baby are anticipated to boost the demand for next generation baby monitors.

Intended Audience

• Next Generation Baby Monitors Suppliers
• Next Generation Baby Monitors Manufacturers
• Research and Development (R&D) Companies
• Medical Research Laboratories
• Diagnostic Centers
• Business consultancies
• Venture capitalists
• Public and private health agencies

Covered In This Global Next Generation Baby Monitors Market Report

The report covers the present ground scenario and the future growth prospects of the next generation baby monitors market for 2017-2025 along with the data of shipments and adoption rate of next generation baby monitors worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The next generation baby monitors market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. The report also includes micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Global Next Generation Baby Monitors Market Segmentation

By Distribution Channel

• Online
• Offline
  • Hypermarkets and supermarkets
  • Specialty stores
  • Drugstores and pharmacies
  • Baby Stores

By End User

• Home Settings
• Hospitals
• Early Learning Centre

Based on Geography

• North America (U.S. & Canada)  Next Generation Baby Monitors Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  Next Generation Baby Monitors Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)  Next Generation Baby Monitors Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  Next Generation Baby Monitors Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  Next Generation Baby Monitors Market {Market Share (%), Market Size (USD Billion)}

Based on end user, home settings dominated the global next generation baby monitors market and registered the market share of 65% in 2017 owing to rising need of parents to take care of babies while being away from home and observe their activities. On the other hand, online distribution channel is the fastest growing segment among others.

Next Generation Baby Monitors Industry Trends, Demand, & Challenges

Global Next Generation Baby Monitors Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global next generation baby monitors market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Next Generation Baby Monitors market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Next Generation Baby Monitors market report comprises of the following companies as the key players: Daatrics Ltd., Rest Devices, Inc., MonDevices., Sproutling Inc., Owlet Baby Care Inc., Snuza Inc.

According to our global market study on the basis of extensive primary and secondary research: “One trend is the idea of high-tech Internet-enabled gear for new parents in order to monitor the baby’s activity. Gadgets like parent-loved Fisher-Price Auto Rock ‘n Play Sleeper with SmartConnect lets you soothe your child through a connected app and futuristic baby gear company 4moms recently introduced a self-installing car seat along with an app that allows for continuous monitoring.”

According to the report, major driving factor is the growing potential of new care models for new born and investors are also betting on this trend i.e. opening the doors for a new era of startup innovation around baby wearables and smart monitors. For instance, Mattel recently acquired Sproutling, a wearable band coupled with a mobile app that had taken significant funding from well-known investors and Hatch Baby, a smart changing pad and scale, appeared on Shark Tank and received a grant of USD 250,000.    

Further, the report states the biggest challenge is that wireless gadgets have the tendency of sending out high radiations that might cause a behavioral disorder in child. Most cases of child deformity are accounted to gadget radiation.  

Based on geography, North America demand for next generation baby monitors accounted for the market share of 47.25% in 2017 due to the increasing adoption of smartphone apps and wearable devices and new born parents have an increasing number of high-tech options to track their baby’s activities. Furthermore, European Union contributed substantial amount of market revenue in 2017 backed up by several free apps that guide parents through the various stages of parenthood. Meanwhile, Asia Pacific is projected to show a robust CAGR of 4.4% from 2017 to 2025 owing to a quickly evolving healthcare industry on a digital scale. Countries like India, China, Singapore, Indonesia, Luxemburg, Sweden, Malaysia, France and Russia are the opportunistic market owing to rising demand of indicative and observing devices and rising prevalence of sleep-related deaths among babies.  

 The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Next Generation Baby Monitors Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the revenue of total market in 2016-17 and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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